WIPIX vs. EVSAX
WIPIX (Allspring Core Plus Bond Fund Institutional Class) and EVSAX (Allspring Disciplined U.S. Core Fund) are both mutual funds - WIPIX is a Intermediate Core-Plus Bond fund actively managed by Allspring, while EVSAX is a Large Cap Blend Equities fund managed by Allspring. Over the past 10 years, WIPIX returned 2.50%/yr vs 14.85%/yr for EVSAX. Their -0.09 correlation means they have often moved in opposite directions in the past. WIPIX charges 0.35%/yr vs 0.86%/yr for EVSAX.
Performance
WIPIX vs. EVSAX - Performance Comparison
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Returns By Period
In the year-to-date period, WIPIX achieves a -0.32% return, which is significantly lower than EVSAX's 9.91% return. Over the past 10 years, WIPIX has underperformed EVSAX with an annualized return of 2.50%, while EVSAX has yielded a comparatively higher 14.85% annualized return.
WIPIX
- 1D
- 0.00%
- 1M
- -1.09%
- 6M
- -0.75%
- YTD
- -0.32%
- 1Y
- 2.32%
- 3Y*
- 4.37%
- 5Y*
- -0.01%
- 10Y*
- 2.50%
- ALL TIME*
- 4.03%
EVSAX
- 1D
- 1.89%
- 1M
- -0.49%
- 6M
- 8.44%
- YTD
- 9.91%
- 1Y
- 21.90%
- 3Y*
- 20.50%
- 5Y*
- 13.73%
- 10Y*
- 14.85%
- ALL TIME*
- 9.03%
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 |
WIPIX vs. EVSAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WIPIX Allspring Core Plus Bond Fund Institutional Class | -0.32% | 7.37% | 2.37% | 6.79% | -14.02% | 0.18% | 11.63% | 9.45% | -0.19% | 5.67% |
EVSAX Allspring Disciplined U.S. Core Fund | 9.91% | 18.65% | 29.20% | 25.97% | -18.21% | 30.35% | 15.95% | 31.87% | -8.43% | 20.47% |
Correlation
The correlation between WIPIX and EVSAX is 0.38, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.38 |
Correlation (3Y) Balances recent behavior with more history. | 0.23 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.18 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2008 | -0.09 |
The correlation between WIPIX and EVSAX shifts across timeframes, from -0.09 (all time) to 0.38 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WIPIX vs. EVSAX — Risk / Return Rank
WIPIX
EVSAX
WIPIX vs. EVSAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Core Plus Bond Fund Institutional Class (WIPIX) and Allspring Disciplined U.S. Core Fund (EVSAX). 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.
| WIPIX | EVSAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.28 | -1.18 |
| Martin ratioReturn relative to average drawdown | 2.75 | 9.67 | -6.91 |
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Drawdowns
WIPIX vs. EVSAX - Drawdown Comparison
The maximum WIPIX drawdown since its inception was -18.61%, smaller than the maximum EVSAX drawdown of -53.73%. Use the drawdown chart below to compare losses from any high point for WIPIX and EVSAX.
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Drawdown Indicators
| WIPIX | EVSAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.61% | -53.73% | +35.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -8.65% | +5.79% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -19.00% | +13.85% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -27.72% | +9.11% |
Max Drawdown (10Y)Largest decline over 10 years | -18.61% | -33.03% | +14.42% |
Current DrawdownCurrent decline from peak | -2.23% | -2.03% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -9.71% | +7.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 2.04% | -0.90% |
Volatility
WIPIX vs. EVSAX - Volatility Comparison
The current volatility for Allspring Core Plus Bond Fund Institutional Class (WIPIX) is 1.00%, while Allspring Disciplined U.S. Core Fund (EVSAX) has a volatility of 3.77%. This indicates that WIPIX experiences smaller price fluctuations and is considered to be less risky than EVSAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIPIX | EVSAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 3.77% | -2.77% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 10.43% | -7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 13.30% | -9.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 17.71% | -12.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 18.41% | -13.72% |
WIPIX vs. EVSAX - Expense Ratio Comparison
WIPIX has a 0.35% expense ratio, which is lower than EVSAX's 0.86% expense ratio.
Dividends
WIPIX vs. EVSAX - Dividend Comparison
WIPIX's dividend yield for the trailing twelve months is around 4.93%, less than EVSAX's 5.04% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EVSAX Allspring Disciplined U.S. Core Fund | 5.04% | 5.54% | 6.61% | 9.22% | 14.46% | 8.22% | 9.22% | 6.68% | 7.11% | 4.31% | 2.43% | 11.99% |
WIPIX Allspring Core Plus Bond Fund Institutional Class | 4.93% | 4.84% | 4.89% | 4.25% | 2.79% | 2.73% | 5.48% | 3.99% | 3.03% | 2.93% | 3.10% | 2.48% |
Frequently Asked Questions
WIPIX and EVSAX have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EVSAX has higher volatility (3.77%) compared to WIPIX (1.00%). In terms of maximum drawdown, WIPIX dropped -18.61% vs EVSAX's -53.73%.
EVSAX currently has the higher Sharpe Ratio (1.49 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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