WGCFX vs. AVEFX

Last updated Jun 4, 2026

WGCFX (Allspring Spectrum Growth Fund) and AVEFX (Ave Maria Bond Fund) are both Diversified Portfolio funds. Over the past 5 years, WGCFX returned 7.10%/yr vs 2.86%/yr for AVEFX. A 0.68 correlation means they provide meaningful diversification when combined. WGCFX charges 1.50%/yr vs 0.41%/yr for AVEFX.

Performance

WGCFX vs. AVEFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Spectrum Growth Fund (WGCFX) and Ave Maria Bond Fund (AVEFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WGCFX achieves a 11.66% return, which is significantly higher than AVEFX's 1.45% return.

WGCFX

• 1D: 0.27%
• 1M: 4.40%
• YTD: 11.66%
• 6M: 11.79%
• 1Y: 23.59%
• 3Y*: 15.22%
• 5Y*: 7.10%
• 10Y*: —

AVEFX

• 1D: 0.08%
• 1M: -0.42%
• YTD: 1.45%
• 6M: 1.42%
• 1Y: 4.53%
• 3Y*: 5.73%
• 5Y*: 2.86%
• 10Y*: 3.86%

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

WGCFX vs. AVEFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
WGCFX Allspring Spectrum Growth Fund	11.66%	14.99%	10.56%	13.82%	-17.36%	14.27%	16.60%	20.27%	-8.64%	18.13%
AVEFX Ave Maria Bond Fund	1.45%	5.63%	5.71%	5.16%	-2.84%	4.38%	5.60%	8.30%	0.41%	4.07%

Correlation

The correlation between WGCFX and AVEFX is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.42
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017	0.68

Over the past year, the correlation between WGCFX and AVEFX has dropped to 0.42 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

Return for Risk

WGCFX vs. AVEFX — Risk / Return Rank

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

WGCFX

WGCFX Risk / Return Rank: 72
WGCFX Sharpe Ratio Rank: 70
WGCFX Sortino Ratio Rank: 66
WGCFX Omega Ratio Rank: 64
WGCFX Calmar Ratio Rank: 86
WGCFX Martin Ratio Rank: 75

AVEFX

AVEFX Risk / Return Rank: 29
AVEFX Sharpe Ratio Rank: 33
AVEFX Sortino Ratio Rank: 36
AVEFX Omega Ratio Rank: 32
AVEFX Calmar Ratio Rank: 25
AVEFX Martin Ratio Rank: 19

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.

WGCFX vs. AVEFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Spectrum Growth Fund (WGCFX) and Ave Maria Bond Fund (AVEFX). 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.

	WGCFX	AVEFX	Difference
Sharpe ratio: Return per unit of total volatility	2.45	1.64	+0.80
Sortino ratio: Return per unit of downside risk	3.39	2.50	+0.90
Omega ratio: Gain probability vs. loss probability	1.44	1.29	+0.15
Calmar ratio: Return relative to maximum drawdown	4.16	1.87	+2.29
Martin ratio: Return relative to average drawdown	14.24	5.07	+9.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WGCFX vs. AVEFX - Sharpe Ratio Comparison

The current WGCFX Sharpe Ratio is 2.45, which is higher than the AVEFX Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of WGCFX and AVEFX, 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

	WGCFX	AVEFX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.45	1.64	+0.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.66	0.70	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	1.10	-0.29

Drawdowns

WGCFX vs. AVEFX - Drawdown Comparison

The maximum WGCFX drawdown since its inception was -22.60%, which is greater than AVEFX's maximum drawdown of -10.24%. Use the drawdown chart below to compare losses from any high point for WGCFX and AVEFX.

Drawdown Indicators

	WGCFX	AVEFX	Difference
Max Drawdown Largest peak-to-trough decline	-22.60%	-10.24%	-12.36%
Max Drawdown (1Y) Largest decline over 1 year	-5.72%	-2.58%	-3.14%
Max Drawdown (3Y) Largest decline over 3 years	-9.62%	-2.82%	-6.80%
Max Drawdown (5Y) Largest decline over 5 years	-22.60%	-7.70%	-14.90%
Max Drawdown (10Y) Largest decline over 10 years	—	-10.24%	—
Current Drawdown Current decline from peak	0.00%	-2.11%	+2.11%
Average Drawdown Average peak-to-trough decline	-4.89%	-0.97%	-3.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.67%	0.95%	+0.72%

Volatility

WGCFX vs. AVEFX - Volatility Comparison

Allspring Spectrum Growth Fund (WGCFX) has a higher volatility of 3.42% compared to Ave Maria Bond Fund (AVEFX) at 0.83%. This indicates that WGCFX's price experiences larger fluctuations and is considered to be riskier than AVEFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WGCFX	AVEFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.42%	0.83%	+2.59%
Volatility (6M) Calculated over the trailing 6-month period	7.21%	2.26%	+4.95%
Volatility (1Y) Calculated over the trailing 1-year period	9.73%	2.93%	+6.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.74%	4.13%	+6.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.45%	4.02%	+7.43%

WGCFX vs. AVEFX - Expense Ratio Comparison

WGCFX has a 1.50% expense ratio, which is higher than AVEFX's 0.41% expense ratio.

Dividends

WGCFX vs. AVEFX - Dividend Comparison

WGCFX's dividend yield for the trailing twelve months is around 7.31%, more than AVEFX's 3.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVEFX Ave Maria Bond Fund	3.47%	3.51%	2.94%	2.47%	3.59%	2.32%	2.43%	3.31%	3.21%	2.04%	2.94%	1.89%
WGCFX Allspring Spectrum Growth Fund	7.31%	8.17%	6.22%	0.26%	6.87%	13.28%	11.04%	0.60%	18.34%	13.76%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WGCFX and AVEFX in my portfolio?

WGCFX and AVEFX have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WGCFX or AVEFX?

WGCFX has higher volatility (3.42%) compared to AVEFX (0.83%). In terms of maximum drawdown, WGCFX dropped -22.60% vs AVEFX's -10.24%.

Which has better risk-adjusted returns?

WGCFX currently has the higher Sharpe Ratio (2.45 vs 1.64), 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.