WIPIX vs. MCFIX
WIPIX (Allspring Core Plus Bond Fund Institutional Class) and MCFIX (Mercer Core Fixed Income Fund) are both Intermediate Core-Plus Bond funds. Over the past 5 years, WIPIX returned -0.01%/yr vs -0.73%/yr for MCFIX. Their correlation of 0.90 means they have usually moved in the same direction. WIPIX charges 0.35%/yr vs 0.16%/yr for MCFIX.
Performance
WIPIX vs. MCFIX - Performance Comparison
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Returns By Period
In the year-to-date period, WIPIX achieves a -0.32% return, which is significantly higher than MCFIX's -2.44% 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%
MCFIX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -2.33%
- YTD
- -2.44%
- 1Y
- 0.03%
- 3Y*
- 3.26%
- 5Y*
- -0.73%
- 10Y*
- —
- ALL TIME*
- 0.60%
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. MCFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
WIPIX Allspring Core Plus Bond Fund Institutional Class | -0.32% | 7.37% | 2.37% | 6.79% | -14.02% | 0.18% | 11.63% | 5.79% |
MCFIX Mercer Core Fixed Income Fund | -2.44% | 6.64% | 2.02% | 6.47% | -13.69% | -1.05% | 4.75% | 3.31% |
Correlation
The correlation between WIPIX and MCFIX is 0.88, 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. | 0.88 |
Correlation (3Y) Balances recent behavior with more history. | 0.91 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Apr 12, 2019 | 0.90 |
The correlation between WIPIX and MCFIX has been stable across timeframes, ranging from 0.88 to 0.94 - a consistent structural relationship.
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Return for Risk
WIPIX vs. MCFIX — Risk / Return Rank
WIPIX
MCFIX
WIPIX vs. MCFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Core Plus Bond Fund Institutional Class (WIPIX) and Mercer Core Fixed Income Fund (MCFIX). 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 | MCFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.83 | ||
| Sortino ratioReturn per unit of downside risk | +1.20 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.00 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.01 | +1.09 |
| Martin ratioReturn relative to average drawdown | 2.75 | 0.02 | +2.73 |
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Drawdowns
WIPIX vs. MCFIX - Drawdown Comparison
The maximum WIPIX drawdown since its inception was -18.61%, smaller than the maximum MCFIX drawdown of -21.68%. Use the drawdown chart below to compare losses from any high point for WIPIX and MCFIX.
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Drawdown Indicators
| WIPIX | MCFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.61% | -21.68% | +3.07% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -4.08% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -5.27% | +0.12% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -18.72% | +0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -18.61% | — | — |
Current DrawdownCurrent decline from peak | -2.23% | -7.35% | +5.12% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -8.49% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.72% | -0.58% |
Volatility
WIPIX vs. MCFIX - Volatility Comparison
Allspring Core Plus Bond Fund Institutional Class (WIPIX) and Mercer Core Fixed Income Fund (MCFIX) have volatilities of 1.00% and 1.03%, 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.
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Volatility by Period
| WIPIX | MCFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.03% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 2.93% | +0.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 4.01% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 6.05% | -0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 6.07% | -1.38% |
WIPIX vs. MCFIX - Expense Ratio Comparison
WIPIX has a 0.35% expense ratio, which is higher than MCFIX's 0.16% expense ratio.
Dividends
WIPIX vs. MCFIX - Dividend Comparison
WIPIX's dividend yield for the trailing twelve months is around 4.93%, more than MCFIX's 4.37% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MCFIX Mercer Core Fixed Income Fund | 4.37% | 3.89% | 4.54% | 3.68% | 3.31% | 2.45% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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 MCFIX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MCFIX has higher volatility (1.03%) compared to WIPIX (1.00%). In terms of maximum drawdown, WIPIX dropped -18.61% vs MCFIX's -21.68%.
WIPIX currently has the higher Sharpe Ratio (0.84 vs 0.01), 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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