WGCFX vs. ESPAX
WGCFX (Allspring Spectrum Growth Fund) and ESPAX (Allspring Special Small Cap Value Fund) are both mutual funds - WGCFX is a Diversified Portfolio fund managed by Allspring, while ESPAX is a Small Cap Value Equities fund managed by Allspring. Over the past 5 years, WGCFX returned 5.87%/yr vs 4.88%/yr for ESPAX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. WGCFX charges 1.50%/yr vs 1.24%/yr for ESPAX.
Performance
WGCFX vs. ESPAX - Performance Comparison
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Returns By Period
In the year-to-date period, WGCFX achieves a 7.40% return, which is significantly lower than ESPAX's 13.11% return.
WGCFX
- 1D
- 1.55%
- 1M
- -1.78%
- 6M
- 3.83%
- YTD
- 7.40%
- 1Y
- 16.47%
- 3Y*
- 12.10%
- 5Y*
- 5.87%
- 10Y*
- —
- ALL TIME*
- 8.70%
ESPAX
- 1D
- 0.08%
- 1M
- -0.90%
- 6M
- 6.87%
- YTD
- 13.11%
- 1Y
- 17.70%
- 3Y*
- 6.93%
- 5Y*
- 4.88%
- 10Y*
- 7.96%
- ALL TIME*
- 8.68%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
WGCFX vs. ESPAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WGCFX Allspring Spectrum Growth Fund | 7.40% | 14.99% | 10.56% | 13.82% | -17.36% | 14.27% | 16.60% | 20.27% | -8.64% | 18.13% |
ESPAX Allspring Special Small Cap Value Fund | 13.11% | -3.10% | 6.44% | 18.65% | -13.94% | 27.61% | 1.16% | 28.03% | -13.77% | 11.08% |
Correlation
The correlation between WGCFX and ESPAX is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.58 |
Correlation (3Y) Balances recent behavior with more history. | 0.69 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.74 |
The correlation between WGCFX and ESPAX shifts across timeframes, from 0.58 (1 year) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
WGCFX vs. ESPAX — Risk / Return Rank
WGCFX
ESPAX
WGCFX vs. ESPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Spectrum Growth Fund (WGCFX) and Allspring Special Small Cap Value Fund (ESPAX). 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.
| WGCFX | ESPAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.47 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.15 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.59 | 1.09 | +1.50 |
| Martin ratioReturn relative to average drawdown | 7.43 | 3.21 | +4.22 |
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Drawdowns
WGCFX vs. ESPAX - Drawdown Comparison
The maximum WGCFX drawdown since its inception was -22.60%, smaller than the maximum ESPAX drawdown of -61.14%. Use the drawdown chart below to compare losses from any high point for WGCFX and ESPAX.
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Drawdown Indicators
| WGCFX | ESPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -61.14% | +38.54% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -13.58% | +7.86% |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | -24.80% | +15.18% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -26.84% | +4.24% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.28% | — |
Current DrawdownCurrent decline from peak | -3.82% | -2.97% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -9.11% | +4.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.99% | 4.62% | -2.63% |
Volatility
WGCFX vs. ESPAX - Volatility Comparison
The current volatility for Allspring Spectrum Growth Fund (WGCFX) is 3.82%, while Allspring Special Small Cap Value Fund (ESPAX) has a volatility of 4.56%. This indicates that WGCFX experiences smaller price fluctuations and is considered to be less risky than ESPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WGCFX | ESPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 4.56% | -0.74% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 12.30% | -3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 17.60% | -6.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.01% | 20.16% | -9.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.53% | 21.37% | -9.84% |
WGCFX vs. ESPAX - Expense Ratio Comparison
WGCFX has a 1.50% expense ratio, which is higher than ESPAX's 1.24% expense ratio.
Dividends
WGCFX vs. ESPAX - Dividend Comparison
WGCFX's dividend yield for the trailing twelve months is around 7.60%, more than ESPAX's 7.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ESPAX Allspring Special Small Cap Value Fund | 7.30% | 8.26% | 10.10% | 2.07% | 6.24% | 6.34% | 0.39% | 1.68% | 7.90% | 5.33% | 2.25% | 2.33% |
WGCFX Allspring Spectrum Growth Fund | 7.60% | 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
WGCFX and ESPAX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESPAX has higher volatility (4.56%) compared to WGCFX (3.82%). In terms of maximum drawdown, WGCFX dropped -22.60% vs ESPAX's -61.14%.
WGCFX currently has the higher Sharpe Ratio (1.31 vs 0.84), 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.
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