WIPIX vs. TIBDX
WIPIX (Allspring Core Plus Bond Fund Institutional Class) and TIBDX (TIAA-CREF Core Bond Fund) are both Intermediate Core-Plus Bond funds. Over the past 10 years, WIPIX returned 2.50%/yr vs 1.71%/yr for TIBDX. Their correlation of 0.91 means they have usually moved in the same direction. WIPIX charges 0.35%/yr vs 0.29%/yr for TIBDX.
Performance
WIPIX vs. TIBDX - 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 TIBDX's -0.38% return. Over the past 10 years, WIPIX has outperformed TIBDX with an annualized return of 2.50%, while TIBDX has yielded a comparatively lower 1.71% 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%
TIBDX
- 1D
- 0.00%
- 1M
- -1.31%
- 6M
- -0.74%
- YTD
- -0.38%
- 1Y
- 2.45%
- 3Y*
- 3.85%
- 5Y*
- -0.32%
- 10Y*
- 1.71%
- ALL TIME*
- 3.93%
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. TIBDX - 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% |
TIBDX TIAA-CREF Core Bond Fund | -0.38% | 7.38% | 1.95% | 5.63% | -13.68% | -0.95% | 8.10% | 9.57% | -0.64% | 4.48% |
Correlation
The correlation between WIPIX and TIBDX is 0.90, 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. | 0.90 |
Correlation (3Y) Balances recent behavior with more history. | 0.94 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.96 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2008 | 0.91 |
The correlation between WIPIX and TIBDX has been stable across timeframes, ranging from 0.90 to 0.96 - a consistent structural relationship.
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Return for Risk
WIPIX vs. TIBDX — Risk / Return Rank
WIPIX
TIBDX
WIPIX vs. TIBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Core Plus Bond Fund Institutional Class (WIPIX) and TIAA-CREF Core Bond Fund (TIBDX). 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 | TIBDX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.17 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.22 | -0.12 |
| Martin ratioReturn relative to average drawdown | 2.75 | 3.25 | -0.50 |
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Drawdowns
WIPIX vs. TIBDX - Drawdown Comparison
The maximum WIPIX drawdown since its inception was -18.61%, roughly equal to the maximum TIBDX drawdown of -18.82%. Use the drawdown chart below to compare losses from any high point for WIPIX and TIBDX.
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Drawdown Indicators
| WIPIX | TIBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.61% | -18.82% | +0.21% |
Max Drawdown (1Y)Largest decline over 1 year | -2.86% | -2.98% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -5.15% | -5.35% | +0.20% |
Max Drawdown (5Y)Largest decline over 5 years | -18.61% | -18.82% | +0.21% |
Max Drawdown (10Y)Largest decline over 10 years | -18.61% | -18.82% | +0.21% |
Current DrawdownCurrent decline from peak | -2.23% | -2.25% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -2.30% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.14% | 1.12% | +0.02% |
Volatility
WIPIX vs. TIBDX - Volatility Comparison
Allspring Core Plus Bond Fund Institutional Class (WIPIX) has a higher volatility of 1.00% compared to TIAA-CREF Core Bond Fund (TIBDX) at 0.88%. This indicates that WIPIX's price experiences larger fluctuations and is considered to be riskier than TIBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIPIX | TIBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.88% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 3.01% | 3.00% | +0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.77% | 3.77% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.66% | 5.65% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.69% | 4.74% | -0.05% |
WIPIX vs. TIBDX - Expense Ratio Comparison
WIPIX has a 0.35% expense ratio, which is higher than TIBDX's 0.29% expense ratio.
Dividends
WIPIX vs. TIBDX - Dividend Comparison
WIPIX's dividend yield for the trailing twelve months is around 4.93%, more than TIBDX's 4.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TIBDX TIAA-CREF Core Bond Fund | 4.15% | 4.34% | 3.60% | 3.22% | 2.44% | 2.39% | 4.45% | 3.09% | 2.88% | 2.93% | 3.80% | 4.68% |
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
With a correlation of 0.90, WIPIX and TIBDX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
WIPIX has higher volatility (1.00%) compared to TIBDX (0.88%). In terms of maximum drawdown, WIPIX dropped -18.61% vs TIBDX's -18.82%.
TIBDX currently has the higher Sharpe Ratio (0.97 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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