WIW vs. IPBAX
Compare and contrast key facts about Western Asset Inflation-Linked Opportunities & Income Fund (WIW) and Allspring Real Return Fund (IPBAX).
IPBAX is managed by Allspring Global Investments. It was launched on Feb 27, 2003.
Performance
WIW vs. IPBAX - Performance Comparison
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WIW vs. IPBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WIW Western Asset Inflation-Linked Opportunities & Income Fund | 0.67% | 13.17% | 3.83% | 5.10% | -25.30% | 17.66% | 11.46% | 18.27% | -7.57% | 6.46% |
IPBAX Allspring Real Return Fund | 11.78% | 10.37% | 8.12% | 5.35% | -10.75% | 7.74% | 8.03% | 9.87% | -4.02% | 4.07% |
Returns By Period
In the year-to-date period, WIW achieves a 0.67% return, which is significantly lower than IPBAX's 11.78% return. Over the past 10 years, WIW has underperformed IPBAX with an annualized return of 3.93%, while IPBAX has yielded a comparatively higher 4.92% annualized return.
WIW
- 1D
- 1.20%
- 1M
- -2.15%
- YTD
- 0.67%
- 6M
- -0.63%
- 1Y
- 4.94%
- 3Y*
- 6.53%
- 5Y*
- 1.95%
- 10Y*
- 3.93%
IPBAX
- 1D
- 0.25%
- 1M
- -0.06%
- YTD
- 11.78%
- 6M
- 13.53%
- 1Y
- 23.01%
- 3Y*
- 10.78%
- 5Y*
- 6.29%
- 10Y*
- 4.92%
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WIW vs. IPBAX - Expense Ratio Comparison
Return for Risk
WIW vs. IPBAX — Risk / Return Rank
WIW
IPBAX
WIW vs. IPBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset Inflation-Linked Opportunities & Income Fund (WIW) and Allspring Real Return Fund (IPBAX). 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.
| WIW | IPBAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 2.91 | -2.29 |
Sortino ratioReturn per unit of downside risk | 0.87 | 3.98 | -3.11 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.53 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | 1.25 | 6.12 | -4.87 |
Martin ratioReturn relative to average drawdown | 3.49 | 22.57 | -19.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| WIW | IPBAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 2.91 | -2.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.19 | 0.89 | -0.70 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.83 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.70 | -0.38 |
Correlation
The correlation between WIW and IPBAX is 0.35, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
WIW vs. IPBAX - Dividend Comparison
WIW's dividend yield for the trailing twelve months is around 8.87%, more than IPBAX's 2.33% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WIW Western Asset Inflation-Linked Opportunities & Income Fund | 8.87% | 8.68% | 8.78% | 10.38% | 11.81% | 6.93% | 3.20% | 3.74% | 4.26% | 3.70% | 3.61% | 3.91% |
IPBAX Allspring Real Return Fund | 2.33% | 2.58% | 2.26% | 3.71% | 5.07% | 3.84% | 1.26% | 2.12% | 2.57% | 1.96% | 1.77% | 2.13% |
Drawdowns
WIW vs. IPBAX - Drawdown Comparison
The maximum WIW drawdown since its inception was -29.49%, which is greater than IPBAX's maximum drawdown of -15.13%. Use the drawdown chart below to compare losses from any high point for WIW and IPBAX.
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Drawdown Indicators
| WIW | IPBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.49% | -15.13% | -14.36% |
Max Drawdown (1Y)Largest decline over 1 year | -4.55% | -3.84% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -29.49% | -13.94% | -15.55% |
Max Drawdown (10Y)Largest decline over 10 years | -29.49% | -13.94% | -15.55% |
Current DrawdownCurrent decline from peak | -7.13% | -0.38% | -6.75% |
Average DrawdownAverage peak-to-trough decline | -7.99% | -3.15% | -4.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.04% | +0.58% |
Volatility
WIW vs. IPBAX - Volatility Comparison
The current volatility for Western Asset Inflation-Linked Opportunities & Income Fund (WIW) is 2.37%, while Allspring Real Return Fund (IPBAX) has a volatility of 3.22%. This indicates that WIW experiences smaller price fluctuations and is considered to be less risky than IPBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WIW | IPBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 3.22% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 4.91% | 6.48% | -1.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.12% | 8.01% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.27% | 7.12% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.01% | 5.93% | +4.08% |