WFSTX vs. TOWTX

Last updated Jun 4, 2026

WFSTX (Allspring Specialized Technology Fund) and TOWTX (Towpath Technology Fund) are both Technology Equities funds. Over the past 5 years, WFSTX returned 3.83%/yr vs 9.99%/yr for TOWTX. Their correlation of 0.81 suggests significant overlap in exposure. WFSTX charges 1.25%/yr vs 1.10%/yr for TOWTX.

Performance

WFSTX vs. TOWTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Specialized Technology Fund (WFSTX) and Towpath Technology Fund (TOWTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WFSTX achieves a 7.95% return, which is significantly lower than TOWTX's 12.62% return.

WFSTX

• 1D: 0.46%
• 1M: 5.67%
• YTD: 7.95%
• 6M: 5.74%
• 1Y: 5.66%
• 3Y*: 13.31%
• 5Y*: 3.83%
• 10Y*: 16.51%

TOWTX

• 1D: -0.29%
• 1M: 9.00%
• YTD: 12.62%
• 6M: 13.62%
• 1Y: 23.12%
• 3Y*: 15.70%
• 5Y*: 9.99%
• 10Y*: —

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

WFSTX vs. TOWTX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
WFSTX Allspring Specialized Technology Fund	7.95%	2.16%	16.33%	34.74%	-38.71%	10.31%
TOWTX Towpath Technology Fund	12.62%	9.55%	12.82%	29.78%	-15.96%	17.73%

Correlation

The correlation between WFSTX and TOWTX is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.77
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Jan 8, 2021	0.81

The correlation between WFSTX and TOWTX shifts across timeframes, from 0.71 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

WFSTX vs. TOWTX — Risk / Return Rank

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

WFSTX

WFSTX Risk / Return Rank: 5
WFSTX Sharpe Ratio Rank: 5
WFSTX Sortino Ratio Rank: 5
WFSTX Omega Ratio Rank: 5
WFSTX Calmar Ratio Rank: 4
WFSTX Martin Ratio Rank: 4

TOWTX

TOWTX Risk / Return Rank: 30
TOWTX Sharpe Ratio Rank: 32
TOWTX Sortino Ratio Rank: 29
TOWTX Omega Ratio Rank: 28
TOWTX Calmar Ratio Rank: 30
TOWTX Martin Ratio Rank: 29

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.

WFSTX vs. TOWTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Specialized Technology Fund (WFSTX) and Towpath Technology Fund (TOWTX). 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.

	WFSTX	TOWTX	Difference
Sharpe ratio: Return per unit of total volatility	0.33	1.64	-1.31
Sortino ratio: Return per unit of downside risk	0.58	2.24	-1.66
Omega ratio: Gain probability vs. loss probability	1.07	1.28	-0.21
Calmar ratio: Return relative to maximum drawdown	0.32	2.07	-1.75
Martin ratio: Return relative to average drawdown	0.81	6.75	-5.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WFSTX vs. TOWTX - Sharpe Ratio Comparison

The current WFSTX Sharpe Ratio is 0.33, which is lower than the TOWTX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of WFSTX and TOWTX, 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

	WFSTX	TOWTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.33	1.64	-1.31
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	0.07	+0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.28	0.08	+0.20

Drawdowns

WFSTX vs. TOWTX - Drawdown Comparison

The maximum WFSTX drawdown since its inception was -79.88%, smaller than the maximum TOWTX drawdown of -88.96%. Use the drawdown chart below to compare losses from any high point for WFSTX and TOWTX.

Drawdown Indicators

	WFSTX	TOWTX	Difference
Max Drawdown Largest peak-to-trough decline	-79.88%	-88.96%	+9.08%
Max Drawdown (1Y) Largest decline over 1 year	-19.95%	-11.62%	-8.33%
Max Drawdown (3Y) Largest decline over 3 years	-21.83%	-88.96%	+67.13%
Max Drawdown (5Y) Largest decline over 5 years	-54.84%	-88.96%	+34.12%
Max Drawdown (10Y) Largest decline over 10 years	-54.84%	—	—
Current Drawdown Current decline from peak	-19.64%	-84.19%	+64.55%
Average Drawdown Average peak-to-trough decline	-29.88%	-25.19%	-4.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.77%	3.55%	+4.22%

Volatility

WFSTX vs. TOWTX - Volatility Comparison

Allspring Specialized Technology Fund (WFSTX) has a higher volatility of 4.85% compared to Towpath Technology Fund (TOWTX) at 4.20%. This indicates that WFSTX's price experiences larger fluctuations and is considered to be riskier than TOWTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WFSTX	TOWTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.85%	4.20%	+0.65%
Volatility (6M) Calculated over the trailing 6-month period	15.04%	11.28%	+3.76%
Volatility (1Y) Calculated over the trailing 1-year period	19.07%	14.63%	+4.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.93%	146.43%	-117.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.18%	141.02%	-113.84%

WFSTX vs. TOWTX - Expense Ratio Comparison

WFSTX has a 1.25% expense ratio, which is higher than TOWTX's 1.10% expense ratio.

Dividends

WFSTX vs. TOWTX - Dividend Comparison

WFSTX's dividend yield for the trailing twelve months is around 15.74%, more than TOWTX's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TOWTX Towpath Technology Fund	1.51%	1.70%	3.55%	0.42%	0.57%	0.66%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
WFSTX Allspring Specialized Technology Fund	15.74%	16.99%	8.44%	0.00%	28.92%	28.84%	14.82%	17.25%	24.40%	7.65%	6.03%	13.51%

Frequently Asked Questions

Can I hold both WFSTX and TOWTX in my portfolio?

WFSTX and TOWTX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WFSTX or TOWTX?

WFSTX has higher volatility (4.85%) compared to TOWTX (4.20%). In terms of maximum drawdown, WFSTX dropped -79.88% vs TOWTX's -88.96%.

Which has better risk-adjusted returns?

TOWTX currently has the higher Sharpe Ratio (1.64 vs 0.33), 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.