WGCFX vs. QBDSX
WGCFX (Allspring Spectrum Growth Fund) and QBDSX (Quantified Managed Income Fund) are both Diversified Portfolio funds. Over the past 5 years, WGCFX returned 5.93%/yr vs 0.70%/yr for QBDSX. Their 0.47 correlation means their historical movements had little consistent relationship. WGCFX charges 1.50%/yr vs 1.31%/yr for QBDSX.
Performance
WGCFX vs. QBDSX - Performance Comparison
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Returns By Period
In the year-to-date period, WGCFX achieves a 7.70% return, which is significantly higher than QBDSX's -0.25% return.
WGCFX
- 1D
- 0.28%
- 1M
- -1.50%
- 6M
- 3.89%
- YTD
- 7.70%
- 1Y
- 16.79%
- 3Y*
- 12.33%
- 5Y*
- 5.93%
- 10Y*
- —
- ALL TIME*
- 8.73%
QBDSX
- 1D
- 0.00%
- 1M
- 0.13%
- 6M
- -1.00%
- YTD
- -0.25%
- 1Y
- 0.15%
- 3Y*
- 2.28%
- 5Y*
- 0.70%
- 10Y*
- 0.56%
- ALL TIME*
- 0.75%
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. QBDSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WGCFX Allspring Spectrum Growth Fund | 7.70% | 14.99% | 10.56% | 13.82% | -17.36% | 14.27% | 16.60% | 20.27% | -8.64% | 18.13% |
QBDSX Quantified Managed Income Fund | -0.25% | 5.11% | 1.02% | 2.25% | -4.09% | -0.66% | -9.22% | 10.50% | -3.17% | 5.05% |
Correlation
The correlation between WGCFX and QBDSX is 0.56, 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. | 0.56 |
Correlation (3Y) Balances recent behavior with more history. | 0.53 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.47 |
The correlation between WGCFX and QBDSX shifts across timeframes, from 0.42 (5 years) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WGCFX vs. QBDSX — Risk / Return Rank
WGCFX
QBDSX
WGCFX vs. QBDSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Spectrum Growth Fund (WGCFX) and Quantified Managed Income Fund (QBDSX). 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 | QBDSX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.43 | ||
| Sortino ratioReturn per unit of downside risk | +1.94 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.00 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | -0.03 | +2.78 |
| Martin ratioReturn relative to average drawdown | 7.84 | -0.07 | +7.91 |
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Drawdowns
WGCFX vs. QBDSX - Drawdown Comparison
The maximum WGCFX drawdown since its inception was -22.60%, which is greater than QBDSX's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for WGCFX and QBDSX.
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Drawdown Indicators
| WGCFX | QBDSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.60% | -18.38% | -4.22% |
Max Drawdown (1Y)Largest decline over 1 year | -5.72% | -3.09% | -2.63% |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | -3.76% | -5.86% |
Max Drawdown (5Y)Largest decline over 5 years | -22.60% | -7.40% | -15.20% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.38% | — |
Current DrawdownCurrent decline from peak | -3.55% | -8.29% | +4.74% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -6.86% | +2.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 1.43% | +0.57% |
Volatility
WGCFX vs. QBDSX - Volatility Comparison
Allspring Spectrum Growth Fund (WGCFX) has a higher volatility of 3.82% compared to Quantified Managed Income Fund (QBDSX) at 0.75%. This indicates that WGCFX's price experiences larger fluctuations and is considered to be riskier than QBDSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WGCFX | QBDSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.82% | 0.75% | +3.07% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 2.38% | +6.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.27% | 3.52% | +7.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.01% | 4.31% | +6.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.52% | 5.24% | +6.28% |
WGCFX vs. QBDSX - Expense Ratio Comparison
WGCFX has a 1.50% expense ratio, which is higher than QBDSX's 1.31% expense ratio.
Dividends
WGCFX vs. QBDSX - Dividend Comparison
WGCFX's dividend yield for the trailing twelve months is around 7.58%, more than QBDSX's 4.49% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QBDSX Quantified Managed Income Fund | 4.49% | 4.47% | 3.98% | 4.51% | 0.54% | 0.71% | 0.87% | 2.26% | 2.04% | 2.51% | 1.00% | 3.89% |
WGCFX Allspring Spectrum Growth Fund | 7.58% | 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 QBDSX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WGCFX has higher volatility (3.82%) compared to QBDSX (0.75%). In terms of maximum drawdown, WGCFX dropped -22.60% vs QBDSX's -18.38%.
WGCFX currently has the higher Sharpe Ratio (1.40 vs -0.03), 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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