WFPAX vs. TCVIX

Last updated Aug 1, 2026

WFPAX (Allspring Special Mid Cap Value Fund - Class A) and TCVIX (Touchstone Mid Cap Value Fund) are both Mid Cap Value Equities funds. Over the past 10 years, WFPAX returned 10.45%/yr vs 9.09%/yr for TCVIX. Their 0.96 correlation means they have historically moved very closely together. WFPAX charges 1.12%/yr vs 0.85%/yr for TCVIX.

Performance

WFPAX vs. TCVIX - 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 Touchstone Mid Cap Value Fund (TCVIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WFPAX achieves a 13.05% return, which is significantly lower than TCVIX's 15.96% return. Over the past 10 years, WFPAX has outperformed TCVIX with an annualized return of 10.45%, while TCVIX has yielded a comparatively lower 9.09% annualized return.

WFPAX

• 1D: 0.00%
• 1M: 0.14%
• 6M: 6.99%
• YTD: 13.05%
• 1Y: 17.05%
• 3Y*: 10.39%
• 5Y*: 8.39%
• 10Y*: 10.45%
• ALL TIME*: 8.76%

TCVIX

• 1D: -0.85%
• 1M: 1.16%
• 6M: 10.63%
• YTD: 15.96%
• 1Y: 25.03%
• 3Y*: 11.98%
• 5Y*: 8.09%
• 10Y*: 9.09%
• ALL TIME*: 11.05%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
TCVIX Touchstone Mid Cap Value Fund	$0.00	$0.00	$0.00
WFPAX Allspring Special Mid Cap Value Fund - Class A	$0.00	$0.00	$0.00

WFPAX vs. TCVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WFPAX Allspring Special Mid Cap Value Fund - Class A	13.05%	5.81%	11.58%	9.17%	-4.95%	28.14%	2.93%	39.96%	-13.42%	10.82%
TCVIX Touchstone Mid Cap Value Fund	15.96%	10.00%	8.61%	7.78%	-8.38%	27.12%	5.70%	29.76%	-16.77%	14.09%

Correlation

The correlation between WFPAX and TCVIX is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.93
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.95
Correlation (All Time) Calculated using the full available price history since Oct 1, 2009	0.96

The correlation between WFPAX and TCVIX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.

Return for Risk

WFPAX vs. TCVIX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WFPAX

WFPAX Risk / Return Rank: 33
WFPAX Sharpe Ratio Rank: 32
WFPAX Sortino Ratio Rank: 34
WFPAX Omega Ratio Rank: 30
WFPAX Calmar Ratio Rank: 35
WFPAX Martin Ratio Rank: 34

TCVIX

TCVIX Risk / Return Rank: 76
TCVIX Sharpe Ratio Rank: 73
TCVIX Sortino Ratio Rank: 74
TCVIX Omega Ratio Rank: 68
TCVIX Calmar Ratio Rank: 81
TCVIX Martin Ratio Rank: 83

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WFPAX vs. TCVIX - 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 Touchstone Mid Cap Value Fund (TCVIX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	WFPAX	TCVIX	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.70	-0.65
Sortino ratio: Return per unit of downside risk	1.62	2.53	-0.90
Omega ratio: Gain probability vs. loss probability	1.19	1.30	-0.11
Calmar ratio: Return relative to maximum drawdown	1.54	2.69	-1.15
Martin ratio: Return relative to average drawdown	5.09	10.47	-5.38

WFPAX vs. TCVIX - Sharpe Ratio Comparison

The current WFPAX Sharpe Ratio is 1.06, which is lower than the TCVIX Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of WFPAX and TCVIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WFPAX vs. TCVIX - Drawdown Comparison

The maximum WFPAX drawdown since its inception was -56.20%, which is greater than TCVIX's maximum drawdown of -41.89%. Use the drawdown chart below to compare losses from any high point for WFPAX and TCVIX.

Drawdown Indicators

	WFPAX	TCVIX	Difference
Max Drawdown Largest peak-to-trough decline	-56.20%	-41.89%	-14.31%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-8.52%	-1.14%
Max Drawdown (3Y) Largest decline over 3 years	-18.40%	-18.98%	+0.58%
Max Drawdown (5Y) Largest decline over 5 years	-22.55%	-19.37%	-3.18%
Max Drawdown (10Y) Largest decline over 10 years	-43.81%	-41.89%	-1.92%
Current Drawdown Current decline from peak	-1.20%	-0.85%	-0.35%
Average Drawdown Average peak-to-trough decline	-8.87%	-5.34%	-3.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.93%	2.19%	+0.74%

Volatility

WFPAX vs. TCVIX - Volatility Comparison

Allspring Special Mid Cap Value Fund - Class A (WFPAX) has a higher volatility of 3.19% compared to Touchstone Mid Cap Value Fund (TCVIX) at 2.58%. This indicates that WFPAX's price experiences larger fluctuations and is considered to be riskier than TCVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFPAX	TCVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	2.58%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	10.58%	10.03%	+0.55%
Volatility (1Y) Calculated over the trailing 1-year period	14.10%	13.51%	+0.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.17%	17.05%	+0.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.87%	19.08%	-0.21%

WFPAX vs. TCVIX - Expense Ratio Comparison

WFPAX has a 1.12% expense ratio, which is higher than TCVIX's 0.85% expense ratio.

Dividends

WFPAX vs. TCVIX - Dividend Comparison

WFPAX's dividend yield for the trailing twelve months is around 10.07%, more than TCVIX's 3.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TCVIX Touchstone Mid Cap Value Fund	3.66%	4.25%	5.48%	1.80%	6.59%	6.77%	0.76%	0.91%	5.86%	6.47%	4.44%	7.26%
WFPAX Allspring Special Mid Cap Value Fund - Class A	10.07%	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 TCVIX in my portfolio?

WFPAX and TCVIX have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WFPAX or TCVIX?

WFPAX has higher volatility (3.19%) compared to TCVIX (2.58%). In terms of maximum drawdown, WFPAX dropped -56.20% vs TCVIX's -41.89%.

Which has better risk-adjusted returns?

TCVIX currently has the higher Sharpe Ratio (1.70 vs 1.06), 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.