WFPRX vs. WIPIX

Last updated Jun 23, 2026

WFPRX (Allspring Special Mid Cap Value Fund Class R6) and WIPIX (Allspring Core Plus Bond Fund Institutional Class) are both mutual funds - WFPRX is a Mid Cap Value Equities fund actively managed by Allspring, while WIPIX is a Intermediate Core-Plus Bond fund actively managed by Allspring. Both are actively managed. Over the past 10 years, WFPRX returned 10.90%/yr vs 2.80%/yr for WIPIX. At a 0.01 correlation, their price movements are largely independent. WFPRX charges 0.70%/yr vs 0.35%/yr for WIPIX.

Performance

WFPRX vs. WIPIX - 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 Allspring Core Plus Bond Fund Institutional Class (WIPIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WFPRX achieves a 10.59% return, which is significantly higher than WIPIX's 0.76% return. Over the past 10 years, WFPRX has outperformed WIPIX with an annualized return of 10.90%, while WIPIX has yielded a comparatively lower 2.80% annualized return.

WFPRX

• 1D: 0.84%
• 1M: 2.23%
• YTD: 10.59%
• 6M: 9.11%
• 1Y: 18.00%
• 3Y*: 11.58%
• 5Y*: 9.00%
• 10Y*: 10.90%

WIPIX

• 1D: 0.27%
• 1M: 0.90%
• YTD: 0.76%
• 6M: 0.94%
• 1Y: 5.20%
• 3Y*: 4.75%
• 5Y*: 0.39%
• 10Y*: 2.80%

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

WFPRX vs. WIPIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WFPRX Allspring Special Mid Cap Value Fund Class R6	10.59%	6.25%	12.05%	9.65%	-4.57%	28.69%	3.36%	40.42%	-13.04%	11.27%
WIPIX Allspring Core Plus Bond Fund Institutional Class	0.76%	7.37%	2.37%	6.79%	-14.02%	0.18%	11.63%	9.45%	-0.19%	5.67%

Correlation

The correlation between WFPRX and WIPIX is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.20
Correlation (10Y) Calculated over the trailing 10-year period	0.06
Correlation (All Time) Calculated using the full available price history since Jul 1, 2013	0.01

Over the past year, WFPRX and WIPIX have become more correlated (0.41) than their long-term average of 0.01, meaning their price movements have been converging.

Return for Risk

WFPRX vs. WIPIX — Risk / Return Rank

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

WFPRX

WFPRX Risk / Return Rank: 26
WFPRX Sharpe Ratio Rank: 24
WFPRX Sortino Ratio Rank: 25
WFPRX Omega Ratio Rank: 22
WFPRX Calmar Ratio Rank: 29
WFPRX Martin Ratio Rank: 29

WIPIX

WIPIX Risk / Return Rank: 27
WIPIX Sharpe Ratio Rank: 28
WIPIX Sortino Ratio Rank: 30
WIPIX Omega Ratio Rank: 27
WIPIX Calmar Ratio Rank: 28
WIPIX Martin Ratio Rank: 23

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.

WFPRX vs. WIPIX - 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 Allspring Core Plus Bond Fund Institutional Class (WIPIX). 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	WIPIX	Difference
Sharpe ratio: Return per unit of total volatility	1.30	1.42	-0.12
Sortino ratio: Return per unit of downside risk	1.95	2.12	-0.17
Omega ratio: Gain probability vs. loss probability	1.23	1.25	-0.02
Calmar ratio: Return relative to maximum drawdown	1.91	1.86	+0.05
Martin ratio: Return relative to average drawdown	6.29	5.26	+1.03

WFPRX vs. WIPIX - Sharpe Ratio Comparison

The current WFPRX Sharpe Ratio is 1.30, which is comparable to the WIPIX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of WFPRX and WIPIX, 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. WIPIX - Drawdown Comparison

The maximum WFPRX drawdown since its inception was -43.78%, which is greater than WIPIX's maximum drawdown of -18.61%. Use the drawdown chart below to compare losses from any high point for WFPRX and WIPIX.

Drawdown Indicators

	WFPRX	WIPIX	Difference
Max Drawdown Largest peak-to-trough decline	-43.78%	-18.61%	-25.17%
Max Drawdown (1Y) Largest decline over 1 year	-9.66%	-2.86%	-6.80%
Max Drawdown (3Y) Largest decline over 3 years	-18.27%	-6.13%	-12.14%
Max Drawdown (5Y) Largest decline over 5 years	-22.07%	-18.61%	-3.46%
Max Drawdown (10Y) Largest decline over 10 years	-43.78%	-18.61%	-25.17%
Current Drawdown Current decline from peak	-1.08%	-1.18%	+0.10%
Average Drawdown Average peak-to-trough decline	-5.07%	-2.66%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	1.01%	+1.91%

Volatility

WFPRX vs. WIPIX - Volatility Comparison

Allspring Special Mid Cap Value Fund Class R6 (WFPRX) has a higher volatility of 4.20% compared to Allspring Core Plus Bond Fund Institutional Class (WIPIX) at 1.22%. This indicates that WFPRX's price experiences larger fluctuations and is considered to be riskier than WIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFPRX	WIPIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.20%	1.22%	+2.98%
Volatility (6M) Calculated over the trailing 6-month period	10.72%	2.88%	+7.84%
Volatility (1Y) Calculated over the trailing 1-year period	14.20%	3.74%	+10.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.20%	5.65%	+11.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.91%	4.68%	+14.23%

WFPRX vs. WIPIX - Expense Ratio Comparison

WFPRX has a 0.70% expense ratio, which is higher than WIPIX's 0.35% expense ratio.

Dividends

WFPRX vs. WIPIX - Dividend Comparison

WFPRX's dividend yield for the trailing twelve months is around 10.24%, more than WIPIX's 4.84% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
WFPRX Allspring Special Mid Cap Value Fund Class R6	10.24%	11.32%	8.09%	5.60%	8.81%	9.95%	0.75%	7.56%	2.85%	4.49%	1.50%	4.52%
WIPIX Allspring Core Plus Bond Fund Institutional Class	4.84%	4.84%	4.89%	4.25%	2.79%	2.73%	5.48%	3.99%	3.03%	2.93%	3.10%	2.48%

Frequently Asked Questions

Can I hold both WFPRX and WIPIX in my portfolio?

WFPRX and WIPIX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WFPRX or WIPIX?

WFPRX has higher volatility (4.20%) compared to WIPIX (1.22%). In terms of maximum drawdown, WFPRX dropped -43.78% vs WIPIX's -18.61%.

Which has better risk-adjusted returns?

WIPIX currently has the higher Sharpe Ratio (1.42 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.