WIPIX vs. PGSIX
WIPIX (Allspring Core Plus Bond Fund Institutional Class) and PGSIX (Putnam Mortgage Securities Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, WIPIX returned 2.50%/yr vs 1.40%/yr for PGSIX. Their 0.55 correlation means they have sometimes moved together and sometimes differently. WIPIX charges 0.35%/yr vs 0.89%/yr for PGSIX.
Performance
WIPIX vs. PGSIX - 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 PGSIX's 2.29% return. Over the past 10 years, WIPIX has outperformed PGSIX with an annualized return of 2.50%, while PGSIX has yielded a comparatively lower 1.40% 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%
PGSIX
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- 1.65%
- YTD
- 2.29%
- 1Y
- 5.66%
- 3Y*
- 6.12%
- 5Y*
- 0.85%
- 10Y*
- 1.40%
- ALL TIME*
- 3.85%
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. PGSIX - 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% |
PGSIX Putnam Mortgage Securities Fund | 2.29% | 9.36% | 3.52% | 3.66% | -10.79% | -4.31% | -0.73% | 12.39% | -0.79% | 0.82% |
Correlation
The correlation between WIPIX and PGSIX is 0.80, 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. | 0.80 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.81 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2008 | 0.55 |
Over the past year, WIPIX and PGSIX have become more correlated (0.80) than their long-term average of 0.55, meaning their price movements have been converging.
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Return for Risk
WIPIX vs. PGSIX — Risk / Return Rank
WIPIX
PGSIX
WIPIX vs. PGSIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Core Plus Bond Fund Institutional Class (WIPIX) and Putnam Mortgage Securities Fund (PGSIX). 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 | PGSIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.94 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.26 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.52 | -1.42 |
| Martin ratioReturn relative to average drawdown | 2.75 | 8.31 | -5.56 |
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Drawdowns
WIPIX vs. PGSIX - Drawdown Comparison
The maximum WIPIX drawdown since its inception was -18.61%, smaller than the maximum PGSIX drawdown of -22.28%. Use the drawdown chart below to compare losses from any high point for WIPIX and PGSIX.
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Drawdown Indicators
| WIPIX | PGSIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.61% | -22.28% | +3.67% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.85% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -6.35% | +1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -19.01% | +0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -18.61% | -22.28% | +3.67% |
Current DrawdownCurrent decline from peak | -2.23% | -1.25% | -0.98% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -2.60% | -0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 0.86% | +0.28% |
Volatility
WIPIX vs. PGSIX - Volatility Comparison
The current volatility for Allspring Core Plus Bond Fund Institutional Class (WIPIX) is 1.00%, while Putnam Mortgage Securities Fund (PGSIX) has a volatility of 1.30%. This indicates that WIPIX experiences smaller price fluctuations and is considered to be less risky than PGSIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIPIX | PGSIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 1.30% | -0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 3.57% | -0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 4.98% | -1.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 7.03% | -1.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 5.97% | -1.28% |
WIPIX vs. PGSIX - Expense Ratio Comparison
WIPIX has a 0.35% expense ratio, which is lower than PGSIX's 0.89% expense ratio.
Dividends
WIPIX vs. PGSIX - Dividend Comparison
WIPIX's dividend yield for the trailing twelve months is around 4.93%, more than PGSIX's 4.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGSIX Putnam Mortgage Securities Fund | 4.77% | 5.67% | 16.88% | 8.38% | 12.83% | 4.30% | 4.21% | 4.50% | 3.94% | 3.10% | 2.92% | 2.51% |
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 PGSIX have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PGSIX has higher volatility (1.30%) compared to WIPIX (1.00%). In terms of maximum drawdown, WIPIX dropped -18.61% vs PGSIX's -22.28%.
PGSIX currently has the higher Sharpe Ratio (1.45 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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