WFPAX vs. VOE
WFPAX (Allspring Special Mid Cap Value Fund - Class A) and VOE (Vanguard Mid-Cap Value ETF) are both Mid Cap Value Equities funds. Over the past 10 years, WFPAX returned 10.75%/yr vs 10.96%/yr for VOE. With a 0.96 correlation, they move nearly in lockstep. WFPAX charges 1.12%/yr vs 0.05%/yr for VOE.
Performance
WFPAX vs. VOE - Performance Comparison
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Returns By Period
In the year-to-date period, WFPAX achieves a 10.76% return, which is significantly lower than VOE's 11.74% return. Both investments have delivered pretty close results over the past 10 years, with WFPAX having a 10.75% annualized return and VOE not far ahead at 10.96%.
WFPAX
- 1D
- 0.35%
- 1M
- 2.56%
- YTD
- 10.76%
- 6M
- 9.41%
- 1Y
- 17.00%
- 3Y*
- 11.79%
- 5Y*
- 8.21%
- 10Y*
- 10.75%
VOE
- 1D
- 0.12%
- 1M
- 1.41%
- YTD
- 11.74%
- 6M
- 10.93%
- 1Y
- 23.08%
- 3Y*
- 16.24%
- 5Y*
- 9.29%
- 10Y*
- 10.96%
WFPAX vs. VOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WFPAX Allspring Special Mid Cap Value Fund - Class A | 10.76% | 5.81% | 11.58% | 9.17% | -4.95% | 28.14% | 2.93% | 39.96% | -13.42% | 10.82% |
VOE Vanguard Mid-Cap Value ETF | 11.74% | 12.08% | 14.00% | 9.85% | -7.97% | 28.78% | 2.65% | 27.85% | -12.48% | 17.07% |
Correlation
The correlation between WFPAX and VOE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.96 |
Correlation (All Time) Calculated using the full available price history since Jul 31, 2007 | 0.96 |
The correlation between WFPAX and VOE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
WFPAX vs. VOE — Risk / Return Rank
WFPAX
VOE
WFPAX vs. VOE - 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 Vanguard Mid-Cap Value ETF (VOE). 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 | VOE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.73 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.35 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 1.86 | 3.35 | -1.48 |
| Martin ratioReturn relative to average drawdown | 6.08 | 12.65 | -6.56 |
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Drawdowns
WFPAX vs. VOE - Drawdown Comparison
The maximum WFPAX drawdown since its inception was -56.20%, smaller than the maximum VOE drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for WFPAX and VOE.
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Drawdown Indicators
| WFPAX | VOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.20% | -61.50% | +5.30% |
Max Drawdown (1Y)Largest decline over 1 year | -9.66% | -6.93% | -2.73% |
Max Drawdown (3Y)Largest decline over 3 years | -18.40% | -18.45% | +0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -19.70% | -2.85% |
Max Drawdown (10Y)Largest decline over 10 years | -43.81% | -43.18% | -0.63% |
Current DrawdownCurrent decline from peak | -0.74% | -1.07% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -8.91% | -8.33% | -0.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.95% | 1.83% | +1.12% |
Volatility
WFPAX vs. VOE - Volatility Comparison
Allspring Special Mid Cap Value Fund - Class A (WFPAX) has a higher volatility of 3.99% compared to Vanguard Mid-Cap Value ETF (VOE) at 3.36%. This indicates that WFPAX's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WFPAX | VOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.99% | 3.36% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 8.36% | +2.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.22% | 11.64% | +2.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.25% | 16.01% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.95% | 18.79% | +0.16% |
WFPAX vs. VOE - Expense Ratio Comparison
WFPAX has a 1.12% expense ratio, which is higher than VOE's 0.05% expense ratio.
Dividends
WFPAX vs. VOE - Dividend Comparison
WFPAX's dividend yield for the trailing twelve months is around 10.27%, more than VOE's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOE Vanguard Mid-Cap Value ETF | 1.86% | 2.10% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% |
WFPAX Allspring Special Mid Cap Value Fund - Class A | 10.27% | 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
With a correlation of 0.93, WFPAX and VOE 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.
WFPAX has higher volatility (3.99%) compared to VOE (3.36%). In terms of maximum drawdown, WFPAX dropped -56.20% vs VOE's -61.50%.
VOE currently has the higher Sharpe Ratio (2.00 vs 1.27), 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.
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