WGBFX vs. FYMIX

Last updated Aug 1, 2026

WGBFX (Allspring Spectrum Moderate Growth Fund) and FYMIX (Fidelity Sustainable Multi-Asset Fund) are both Diversified Portfolio funds. Over the past 3 years, WGBFX returned 10.87%/yr vs 13.83%/yr for FYMIX. Their correlation of 0.93 means they have usually moved in the same direction. WGBFX charges 1.49%/yr vs 0.05%/yr for FYMIX.

Performance

WGBFX vs. FYMIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Spectrum Moderate Growth Fund (WGBFX) and Fidelity Sustainable Multi-Asset Fund (FYMIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WGBFX achieves a 6.48% return, which is significantly lower than FYMIX's 8.03% return.

WGBFX

• 1D: 1.31%
• 1M: -1.69%
• 6M: 3.10%
• YTD: 6.48%
• 1Y: 14.88%
• 3Y*: 10.87%
• 5Y*: 4.98%
• 10Y*: —
• ALL TIME*: 7.24%

FYMIX

• 1D: 1.91%
• 1M: -1.01%
• 6M: 5.01%
• YTD: 8.03%
• 1Y: 18.08%
• 3Y*: 13.83%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 7.79%

*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)
FYMIX Fidelity Sustainable Multi-Asset Fund	$0.00	$0.00	$0.00
WGBFX Allspring Spectrum Moderate Growth Fund	$0.00	$0.00	$0.00

WGBFX vs. FYMIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
WGBFX Allspring Spectrum Moderate Growth Fund	6.48%	13.79%	9.12%	12.05%	-14.00%
FYMIX Fidelity Sustainable Multi-Asset Fund	8.03%	18.95%	11.09%	16.15%	-15.71%

Correlation

The correlation between WGBFX and FYMIX is 0.93, 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.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.94
Correlation (All Time) Calculated using the full available price history since Feb 10, 2022	0.93

The correlation between WGBFX and FYMIX has been stable across timeframes, ranging from 0.93 to 0.94 - a consistent structural relationship.

Return for Risk

WGBFX vs. FYMIX — Risk / Return Rank

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

WGBFX

WGBFX Risk / Return Rank: 53
WGBFX Sharpe Ratio Rank: 46
WGBFX Sortino Ratio Rank: 42
WGBFX Omega Ratio Rank: 43
WGBFX Calmar Ratio Rank: 80
WGBFX Martin Ratio Rank: 53

FYMIX

FYMIX Risk / Return Rank: 58
FYMIX Sharpe Ratio Rank: 58
FYMIX Sortino Ratio Rank: 57
FYMIX Omega Ratio Rank: 58
FYMIX Calmar Ratio Rank: 55
FYMIX Martin Ratio Rank: 64

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.

WGBFX vs. FYMIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Spectrum Moderate Growth Fund (WGBFX) and Fidelity Sustainable Multi-Asset Fund (FYMIX). 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.

	WGBFX	FYMIX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	1.42	-0.07
Sortino ratio: Return per unit of downside risk	1.87	2.03	-0.16
Omega ratio: Gain probability vs. loss probability	1.24	1.26	-0.02
Calmar ratio: Return relative to maximum drawdown	2.72	1.92	+0.79
Martin ratio: Return relative to average drawdown	7.43	7.94	-0.50

WGBFX vs. FYMIX - Sharpe Ratio Comparison

The current WGBFX Sharpe Ratio is 1.35, which is comparable to the FYMIX Sharpe Ratio of 1.42. The chart below compares the historical Sharpe Ratios of WGBFX and FYMIX, 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

WGBFX vs. FYMIX - Drawdown Comparison

The maximum WGBFX drawdown since its inception was -21.06%, smaller than the maximum FYMIX drawdown of -22.70%. Use the drawdown chart below to compare losses from any high point for WGBFX and FYMIX.

Drawdown Indicators

	WGBFX	FYMIX	Difference
Max Drawdown Largest peak-to-trough decline	-21.06%	-22.70%	+1.64%
Max Drawdown (1Y) Largest decline over 1 year	-4.99%	-8.80%	+3.81%
Max Drawdown (3Y) Largest decline over 3 years	-8.24%	-12.72%	+4.48%
Max Drawdown (5Y) Largest decline over 5 years	-21.06%	—	—
Current Drawdown Current decline from peak	-3.66%	-1.92%	-1.74%
Average Drawdown Average peak-to-trough decline	-4.37%	-5.49%	+1.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.82%	2.13%	-0.31%

Volatility

WGBFX vs. FYMIX - Volatility Comparison

Allspring Spectrum Moderate Growth Fund (WGBFX) and Fidelity Sustainable Multi-Asset Fund (FYMIX) have volatilities of 3.35% and 3.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WGBFX	FYMIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	3.40%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	7.95%	10.16%	-2.21%
Volatility (1Y) Calculated over the trailing 1-year period	10.05%	11.92%	-1.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.71%	12.79%	-3.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.59%	12.79%	-3.20%

WGBFX vs. FYMIX - Expense Ratio Comparison

WGBFX has a 1.49% expense ratio, which is higher than FYMIX's 0.05% expense ratio.

Dividends

WGBFX vs. FYMIX - Dividend Comparison

WGBFX's dividend yield for the trailing twelve months is around 7.38%, more than FYMIX's 3.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
FYMIX Fidelity Sustainable Multi-Asset Fund	3.41%	3.69%	1.84%	1.78%	1.79%	0.00%	0.00%	0.00%	0.00%	0.00%
WGBFX Allspring Spectrum Moderate Growth Fund	7.38%	7.86%	2.83%	0.18%	6.52%	11.59%	10.08%	0.89%	13.80%	12.07%

Frequently Asked Questions

Can I hold both WGBFX and FYMIX in my portfolio?

With a correlation of 0.93, WGBFX and FYMIX 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, WGBFX or FYMIX?

FYMIX has higher volatility (3.40%) compared to WGBFX (3.35%). In terms of maximum drawdown, WGBFX dropped -21.06% vs FYMIX's -22.70%.

Which has better risk-adjusted returns?

FYMIX currently has the higher Sharpe Ratio (1.42 vs 1.35), 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.