WFPRX vs. VMVAX

Last updated Aug 4, 2026

WFPRX (Allspring Special Mid Cap Value Fund Class R6) and VMVAX (Vanguard Mid-Cap Value Index Fund Admiral Shares) are both Mid Cap Value Equities funds. WFPRX is actively managed, while VMVAX is passively managed. Over the past 10 years, WFPRX returned 11.00%/yr vs 10.84%/yr for VMVAX. Their 0.96 correlation means they have historically moved very closely together. WFPRX charges 0.70%/yr vs 0.07%/yr for VMVAX.

Performance

WFPRX vs. VMVAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Special Mid Cap Value Fund Class R6 (WFPRX) and Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WFPRX achieves a 13.31% return, which is significantly lower than VMVAX's 16.59% return. Both investments have delivered pretty close results over the past 10 years, with WFPRX having a 11.00% annualized return and VMVAX not far behind at 10.84%.

WFPRX

• 1D: -0.02%
• 1M: 0.15%
• 6M: 6.52%
• YTD: 13.31%
• 1Y: 17.54%
• 3Y*: 10.92%
• 5Y*: 8.84%
• 10Y*: 11.00%
• ALL TIME*: 11.15%

VMVAX

• 1D: -0.27%
• 1M: 2.26%
• 6M: 11.28%
• YTD: 16.59%
• 1Y: 25.94%
• 3Y*: 15.24%
• 5Y*: 10.12%
• 10Y*: 10.84%
• ALL TIME*: 12.51%

*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)
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares	$0.00	$0.00	$0.00
WFPRX Allspring Special Mid Cap Value Fund Class R6	$0.00	$0.00	$0.00

WFPRX vs. VMVAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WFPRX Allspring Special Mid Cap Value Fund Class R6	13.31%	6.25%	12.05%	9.65%	-4.57%	28.69%	3.36%	40.42%	-13.04%	11.27%
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares	16.59%	12.06%	13.63%	10.12%	-7.89%	28.77%	2.45%	28.03%	-12.44%	17.04%

Correlation

The correlation between WFPRX and VMVAX is 0.91, 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.	0.91
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (5Y) Shows whether the relationship held over a longer period.	0.95
Correlation (10Y) Provides a long-term view across more market conditions.	0.96
Correlation (All Time) Calculated using the full available price history since Jul 1, 2013	0.96

The correlation between WFPRX and VMVAX has been stable across timeframes, ranging from 0.91 to 0.96 - a consistent structural relationship.

Return for Risk

WFPRX vs. VMVAX — Risk / Return Rank

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

WFPRX

WFPRX Risk / Return Rank: 36
WFPRX Sharpe Ratio Rank: 34
WFPRX Sortino Ratio Rank: 37
WFPRX Omega Ratio Rank: 32
WFPRX Calmar Ratio Rank: 39
WFPRX Martin Ratio Rank: 37

VMVAX

VMVAX Risk / Return Rank: 88
VMVAX Sharpe Ratio Rank: 88
VMVAX Sortino Ratio Rank: 87
VMVAX Omega Ratio Rank: 82
VMVAX Calmar Ratio Rank: 91
VMVAX Martin Ratio Rank: 92

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.

WFPRX vs. VMVAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Special Mid Cap Value Fund Class R6 (WFPRX) and Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX). 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.

	WFPRX	VMVAX	Difference
Sharpe ratio: Return per unit of total volatility	1.20	2.20	-1.01
Sortino ratio: Return per unit of downside risk	1.82	3.19	-1.37
Omega ratio: Gain probability vs. loss probability	1.21	1.39	-0.18
Calmar ratio: Return relative to maximum drawdown	1.74	3.59	-1.86
Martin ratio: Return relative to average drawdown	5.79	14.00	-8.20

WFPRX vs. VMVAX - Sharpe Ratio Comparison

The current WFPRX Sharpe Ratio is 1.20, which is lower than the VMVAX Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of WFPRX and VMVAX, 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

WFPRX vs. VMVAX - Drawdown Comparison

The maximum WFPRX drawdown since its inception was -43.78%, roughly equal to the maximum VMVAX drawdown of -43.07%. Use the drawdown chart below to compare losses from any high point for WFPRX and VMVAX.

Drawdown Indicators

	WFPRX	VMVAX	Difference
Max Drawdown Largest peak-to-trough decline	-43.78%	-43.07%	-0.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-6.95%	-2.71%
Max Drawdown (3Y) Largest decline over 3 years	-18.27%	-18.40%	+0.13%
Max Drawdown (5Y) Largest decline over 5 years	-22.07%	-19.75%	-2.32%
Max Drawdown (10Y) Largest decline over 10 years	-43.78%	-43.07%	-0.71%
Current Drawdown Current decline from peak	-1.22%	-1.34%	+0.12%
Average Drawdown Average peak-to-trough decline	-5.03%	-4.33%	-0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.89%	1.78%	+1.11%

Volatility

WFPRX vs. VMVAX - Volatility Comparison

Allspring Special Mid Cap Value Fund Class R6 (WFPRX) has a higher volatility of 3.19% compared to Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) at 2.72%. This indicates that WFPRX's price experiences larger fluctuations and is considered to be riskier than VMVAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFPRX	VMVAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.19%	2.72%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	10.58%	8.13%	+2.45%
Volatility (1Y) Calculated over the trailing 1-year period	14.10%	11.35%	+2.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.10%	15.88%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.83%	18.69%	+0.14%

WFPRX vs. VMVAX - Expense Ratio Comparison

WFPRX has a 0.70% expense ratio, which is higher than VMVAX's 0.07% expense ratio.

Dividends

WFPRX vs. VMVAX - Dividend Comparison

WFPRX's dividend yield for the trailing twelve months is around 9.99%, more than VMVAX's 1.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VMVAX Vanguard Mid-Cap Value Index Fund Admiral Shares	1.81%	2.10%	2.11%	2.26%	2.27%	1.78%	2.36%	2.08%	2.75%	1.86%	1.91%	2.04%
WFPRX Allspring Special Mid Cap Value Fund Class R6	9.99%	11.32%	8.09%	5.60%	8.81%	9.95%	0.75%	7.56%	2.85%	4.49%	1.50%	4.52%

Frequently Asked Questions

Can I hold both WFPRX and VMVAX in my portfolio?

With a correlation of 0.91, WFPRX and VMVAX 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, WFPRX or VMVAX?

WFPRX has higher volatility (3.19%) compared to VMVAX (2.72%). In terms of maximum drawdown, WFPRX dropped -43.78% vs VMVAX's -43.07%.

Which has better risk-adjusted returns?

VMVAX currently has the higher Sharpe Ratio (2.20 vs 1.20), 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.