WFMIX vs. WGCFX

Last updated Jun 5, 2026

WFMIX (Allspring Special Mid Cap Value Fund Class I) and WGCFX (Allspring Spectrum Growth Fund) are both mutual funds - WFMIX is a Mid Cap Value Equities fund managed by Allspring Global Investments, while WGCFX is a Diversified Portfolio fund managed by Allspring Global Investments. Over the past 5 years, WFMIX returned 7.72%/yr vs 6.91%/yr for WGCFX. A 0.79 correlation means they provide meaningful diversification when combined. WFMIX charges 0.80%/yr vs 1.50%/yr for WGCFX.

Performance

WFMIX vs. WGCFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Special Mid Cap Value Fund Class I (WFMIX) and Allspring Spectrum Growth Fund (WGCFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WFMIX achieves a 10.77% return, which is significantly lower than WGCFX's 11.36% return.

WFMIX

• 1D: -0.18%
• 1M: 1.81%
• YTD: 10.77%
• 6M: 9.77%
• 1Y: 18.66%
• 3Y*: 12.60%
• 5Y*: 7.72%
• 10Y*: 10.78%

WGCFX

• 1D: -0.27%
• 1M: 3.11%
• YTD: 11.36%
• 6M: 11.42%
• 1Y: 22.88%
• 3Y*: 15.12%
• 5Y*: 6.91%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

WFMIX vs. WGCFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WFMIX Allspring Special Mid Cap Value Fund Class I	10.77%	6.14%	11.95%	9.54%	-4.65%	28.53%	3.27%	40.27%	-13.12%	10.73%
WGCFX Allspring Spectrum Growth Fund	11.36%	14.99%	10.56%	13.82%	-17.36%	14.27%	16.60%	20.27%	-8.64%	18.13%

Correlation

The correlation between WFMIX and WGCFX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.74
Correlation (5Y) Calculated over the trailing 5-year period	0.79
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.79

The correlation between WFMIX and WGCFX shifts across timeframes, from 0.66 (1 year) to 0.79 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

WFMIX vs. WGCFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WFMIX

WFMIX Risk / Return Rank: 24
WFMIX Sharpe Ratio Rank: 22
WFMIX Sortino Ratio Rank: 23
WFMIX Omega Ratio Rank: 21
WFMIX Calmar Ratio Rank: 27
WFMIX Martin Ratio Rank: 27

WGCFX

WGCFX Risk / Return Rank: 73
WGCFX Sharpe Ratio Rank: 71
WGCFX Sortino Ratio Rank: 66
WGCFX Omega Ratio Rank: 64
WGCFX Calmar Ratio Rank: 87
WGCFX Martin Ratio Rank: 77

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WFMIX vs. WGCFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Special Mid Cap Value Fund Class I (WFMIX) and Allspring Spectrum Growth Fund (WGCFX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	WFMIX	WGCFX	Difference
Sharpe ratio: Return per unit of total volatility	1.34	2.40	-1.06
Sortino ratio: Return per unit of downside risk	2.02	3.34	-1.31
Omega ratio: Gain probability vs. loss probability	1.24	1.43	-0.20
Calmar ratio: Return relative to maximum drawdown	1.93	4.09	-2.15
Martin ratio: Return relative to average drawdown	6.37	13.99	-7.62
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WFMIX vs. WGCFX - Sharpe Ratio Comparison

The current WFMIX Sharpe Ratio is 1.34, which is lower than the WGCFX Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of WFMIX and WGCFX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WFMIX	WGCFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.34	2.40	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.65	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.81	-0.34

Drawdowns

WFMIX vs. WGCFX - Drawdown Comparison

The maximum WFMIX drawdown since its inception was -52.70%, which is greater than WGCFX's maximum drawdown of -22.60%. Use the drawdown chart below to compare losses from any high point for WFMIX and WGCFX.

Drawdown Indicators

	WFMIX	WGCFX	Difference
Max Drawdown Largest peak-to-trough decline	-52.70%	-22.60%	-30.10%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-5.72%	-3.94%
Max Drawdown (3Y) Largest decline over 3 years	-18.30%	-9.62%	-8.68%
Max Drawdown (5Y) Largest decline over 5 years	-22.13%	-22.60%	+0.47%
Max Drawdown (10Y) Largest decline over 10 years	-43.80%	—	—
Current Drawdown Current decline from peak	-0.18%	-0.27%	+0.09%
Average Drawdown Average peak-to-trough decline	-7.49%	-4.89%	-2.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	1.67%	+1.26%

Volatility

WFMIX vs. WGCFX - Volatility Comparison

Allspring Special Mid Cap Value Fund Class I (WFMIX) has a higher volatility of 3.84% compared to Allspring Spectrum Growth Fund (WGCFX) at 3.44%. This indicates that WFMIX's price experiences larger fluctuations and is considered to be riskier than WGCFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFMIX	WGCFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	3.44%	+0.40%
Volatility (6M) Calculated over the trailing 6-month period	10.54%	7.18%	+3.36%
Volatility (1Y) Calculated over the trailing 1-year period	13.95%	9.72%	+4.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.19%	10.74%	+6.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.90%	11.45%	+7.45%

WFMIX vs. WGCFX - Expense Ratio Comparison

WFMIX has a 0.80% expense ratio, which is lower than WGCFX's 1.50% expense ratio.

Dividends

WFMIX vs. WGCFX - Dividend Comparison

WFMIX's dividend yield for the trailing twelve months is around 10.15%, more than WGCFX's 7.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WFMIX Allspring Special Mid Cap Value Fund Class I	10.15%	11.24%	8.00%	5.51%	8.71%	9.87%	0.66%	7.48%	2.74%	4.41%	1.44%	4.47%
WGCFX Allspring Spectrum Growth Fund	7.33%	8.17%	6.22%	0.26%	6.87%	13.28%	11.04%	0.60%	18.34%	13.76%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WFMIX and WGCFX in my portfolio?

WFMIX and WGCFX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WFMIX or WGCFX?

WFMIX has higher volatility (3.84%) compared to WGCFX (3.44%). In terms of maximum drawdown, WFMIX dropped -52.70% vs WGCFX's -22.60%.

Which has better risk-adjusted returns?

WGCFX currently has the higher Sharpe Ratio (2.40 vs 1.34), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.