WFPAX vs. IIVAX

Last updated Jun 3, 2026

WFPAX (Allspring Special Mid Cap Value Fund - Class A) and IIVAX (Transamerica Small/Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, WFPAX returned 10.35%/yr vs 10.00%/yr for IIVAX. Their correlation of 0.92 suggests significant overlap in exposure. WFPAX charges 1.12%/yr vs 1.23%/yr for IIVAX.

Performance

WFPAX vs. IIVAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Special Mid Cap Value Fund - Class A (WFPAX) and Transamerica Small/Mid Cap Value Fund (IIVAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WFPAX achieves a 9.80% return, which is significantly lower than IIVAX's 10.66% return. Both investments have delivered pretty close results over the past 10 years, with WFPAX having a 10.35% annualized return and IIVAX not far behind at 10.00%.

WFPAX

• 1D: -0.10%
• 1M: 1.26%
• YTD: 9.80%
• 6M: 10.22%
• 1Y: 18.40%
• 3Y*: 11.96%
• 5Y*: 7.18%
• 10Y*: 10.35%

IIVAX

• 1D: 0.18%
• 1M: 1.28%
• YTD: 10.66%
• 6M: 12.28%
• 1Y: 24.91%
• 3Y*: 13.66%
• 5Y*: 6.89%
• 10Y*: 10.00%

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

WFPAX vs. IIVAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WFPAX Allspring Special Mid Cap Value Fund - Class A	9.80%	5.81%	11.58%	9.17%	-4.95%	28.14%	2.93%	39.96%	-13.42%	10.82%
IIVAX Transamerica Small/Mid Cap Value Fund	10.66%	9.49%	8.57%	12.02%	-8.35%	27.49%	3.25%	24.62%	-11.87%	15.16%

Correlation

The correlation between WFPAX and IIVAX is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (10Y) Calculated over the trailing 10-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 1, 2007	0.92

The correlation between WFPAX and IIVAX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

Return for Risk

WFPAX vs. IIVAX — Risk / Return Rank

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

WFPAX

WFPAX Risk / Return Rank: 22
WFPAX Sharpe Ratio Rank: 20
WFPAX Sortino Ratio Rank: 21
WFPAX Omega Ratio Rank: 19
WFPAX Calmar Ratio Rank: 24
WFPAX Martin Ratio Rank: 24

IIVAX

IIVAX Risk / Return Rank: 41
IIVAX Sharpe Ratio Rank: 38
IIVAX Sortino Ratio Rank: 40
IIVAX Omega Ratio Rank: 35
IIVAX Calmar Ratio Rank: 49
IIVAX Martin Ratio Rank: 44

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.

WFPAX vs. IIVAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Special Mid Cap Value Fund - Class A (WFPAX) and Transamerica Small/Mid Cap Value Fund (IIVAX). 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.

	WFPAX	IIVAX	Difference
Sharpe ratio Return per unit of total volatility	1.30	1.80	-0.50
Sortino ratio Return per unit of downside risk	1.97	2.68	-0.71
Omega ratio Gain probability vs. loss probability	1.23	1.32	-0.08
Calmar ratio Return relative to maximum drawdown	1.85	2.71	-0.86
Martin ratio Return relative to average drawdown	6.06	9.39	-3.32
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WFPAX vs. IIVAX - Sharpe Ratio Comparison

The current WFPAX Sharpe Ratio is 1.30, which is comparable to the IIVAX Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of WFPAX and IIVAX, 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

	WFPAX	IIVAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	1.80	-0.50
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.37	+0.05
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.55	0.49	+0.06
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.49	-0.07

Drawdowns

WFPAX vs. IIVAX - Drawdown Comparison

The maximum WFPAX drawdown since its inception was -56.20%, roughly equal to the maximum IIVAX drawdown of -57.38%. Use the drawdown chart below to compare losses from any high point for WFPAX and IIVAX.

Drawdown Indicators

	WFPAX	IIVAX	Difference
Max Drawdown Largest peak-to-trough decline	-56.20%	-57.38%	+1.18%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-8.87%	-0.79%
Max Drawdown (3Y) Largest decline over 3 years	-18.40%	-19.76%	+1.36%
Max Drawdown (5Y) Largest decline over 5 years	-22.55%	-23.12%	+0.57%
Max Drawdown (10Y) Largest decline over 10 years	-43.81%	-44.13%	+0.32%
Current Drawdown Current decline from peak	-0.81%	-0.14%	-0.67%
Average Drawdown Average peak-to-trough decline	-8.94%	-8.34%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.95%	2.56%	+0.39%

Volatility

WFPAX vs. IIVAX - Volatility Comparison

Allspring Special Mid Cap Value Fund - Class A (WFPAX) has a higher volatility of 3.99% compared to Transamerica Small/Mid Cap Value Fund (IIVAX) at 3.08%. This indicates that WFPAX's price experiences larger fluctuations and is considered to be riskier than IIVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFPAX	IIVAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	3.08%	+0.91%
Volatility (6M) Calculated over the trailing 6-month period	10.54%	8.91%	+1.63%
Volatility (1Y) Calculated over the trailing 1-year period	13.96%	13.63%	+0.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.25%	18.58%	-1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	20.48%	-1.55%

WFPAX vs. IIVAX - Expense Ratio Comparison

WFPAX has a 1.12% expense ratio, which is lower than IIVAX's 1.23% expense ratio.

Dividends

WFPAX vs. IIVAX - Dividend Comparison

WFPAX's dividend yield for the trailing twelve months is around 10.36%, more than IIVAX's 9.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IIVAX Transamerica Small/Mid Cap Value Fund	9.56%	10.58%	12.75%	4.83%	9.72%	10.94%	0.48%	3.17%	12.58%	13.20%	5.91%	9.34%
WFPAX Allspring Special Mid Cap Value Fund - Class A	10.36%	11.38%	7.97%	5.39%	8.69%	9.86%	0.36%	7.38%	2.40%	4.14%	1.08%	4.14%

Frequently Asked Questions

Can I hold both WFPAX and IIVAX in my portfolio?

With a correlation of 0.91, WFPAX and IIVAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, WFPAX or IIVAX?

WFPAX has higher volatility (3.99%) compared to IIVAX (3.08%). In terms of maximum drawdown, WFPAX dropped -56.20% vs IIVAX's -57.38%.

Which has better risk-adjusted returns?

IIVAX currently has the higher Sharpe Ratio (1.80 vs 1.30), 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.