WMBFX vs. EAAFX
WMBFX (Allspring Spectrum Conservative Growth Fund) and EAAFX (Allspring Asset Allocation Fund) are both Diversified Portfolio funds from Allspring. Over the past 10 years, WMBFX returned 5.12%/yr vs 7.71%/yr for EAAFX. Their correlation of 0.93 means they have usually moved in the same direction. WMBFX charges 1.50%/yr vs 1.04%/yr for EAAFX.
Performance
WMBFX vs. EAAFX - Performance Comparison
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Returns By Period
In the year-to-date period, WMBFX achieves a 4.67% return, which is significantly lower than EAAFX's 7.16% return. Over the past 10 years, WMBFX has underperformed EAAFX with an annualized return of 5.12%, while EAAFX has yielded a comparatively higher 7.71% annualized return.
WMBFX
- 1D
- 0.96%
- 1M
- -1.71%
- 6M
- 1.73%
- YTD
- 4.67%
- 1Y
- 11.95%
- 3Y*
- 8.58%
- 5Y*
- 3.27%
- 10Y*
- 5.12%
- ALL TIME*
- 3.79%
EAAFX
- 1D
- 1.48%
- 1M
- -1.73%
- 6M
- 3.78%
- YTD
- 7.16%
- 1Y
- 15.96%
- 3Y*
- 12.24%
- 5Y*
- 6.20%
- 10Y*
- 7.71%
- ALL TIME*
- 5.54%
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 |
WMBFX vs. EAAFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMBFX Allspring Spectrum Conservative Growth Fund | 4.67% | 11.39% | 6.59% | 9.45% | -15.07% | 7.64% | 14.95% | 13.72% | -5.67% | 10.27% |
EAAFX Allspring Asset Allocation Fund | 7.16% | 15.11% | 10.65% | 14.32% | -16.00% | 13.38% | 13.57% | 19.77% | -9.58% | 14.80% |
Correlation
The correlation between WMBFX and EAAFX is 0.98 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.98 |
Correlation (3Y) Balances recent behavior with more history. | 0.96 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.95 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.93 |
The correlation between WMBFX and EAAFX has been stable across timeframes, ranging from 0.93 to 0.98 - a consistent structural relationship.
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Return for Risk
WMBFX vs. EAAFX — Risk / Return Rank
WMBFX
EAAFX
WMBFX vs. EAAFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Spectrum Conservative Growth Fund (WMBFX) and Allspring Asset Allocation Fund (EAAFX). 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.
| WMBFX | EAAFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.49 | 2.24 | +0.25 |
| Martin ratioReturn relative to average drawdown | 6.65 | 7.33 | -0.68 |
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Drawdowns
WMBFX vs. EAAFX - Drawdown Comparison
The maximum WMBFX drawdown since its inception was -19.15%, smaller than the maximum EAAFX drawdown of -34.17%. Use the drawdown chart below to compare losses from any high point for WMBFX and EAAFX.
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Drawdown Indicators
| WMBFX | EAAFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.15% | -34.17% | +15.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.36% | -6.44% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -6.03% | -9.94% | +3.91% |
Max Drawdown (5Y)Largest decline over 5 years | -19.15% | -22.36% | +3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -19.15% | -25.55% | +6.40% |
Current DrawdownCurrent decline from peak | -3.44% | -3.23% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -6.58% | +1.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 1.96% | -0.33% |
Volatility
WMBFX vs. EAAFX - Volatility Comparison
The current volatility for Allspring Spectrum Conservative Growth Fund (WMBFX) is 2.92%, while Allspring Asset Allocation Fund (EAAFX) has a volatility of 3.63%. This indicates that WMBFX experiences smaller price fluctuations and is considered to be less risky than EAAFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMBFX | EAAFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | 3.63% | -0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 6.70% | 8.47% | -1.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.55% | 10.52% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.76% | 11.23% | -3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.27% | 11.16% | -3.89% |
WMBFX vs. EAAFX - Expense Ratio Comparison
WMBFX has a 1.50% expense ratio, which is higher than EAAFX's 1.04% expense ratio.
Dividends
WMBFX vs. EAAFX - Dividend Comparison
WMBFX's dividend yield for the trailing twelve months is around 2.17%, less than EAAFX's 5.36% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EAAFX Allspring Asset Allocation Fund | 5.36% | 5.74% | 8.41% | 0.00% | 6.53% | 15.18% | 3.85% | 1.51% | 8.51% | 1.70% | 1.58% | 4.52% |
WMBFX Allspring Spectrum Conservative Growth Fund | 2.17% | 2.20% | 1.97% | 2.60% | 5.57% | 9.26% | 9.32% | 2.29% | 8.93% | 9.55% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, WMBFX and EAAFX 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.
EAAFX has higher volatility (3.63%) compared to WMBFX (2.92%). In terms of maximum drawdown, WMBFX dropped -19.15% vs EAAFX's -34.17%.
EAAFX currently has the higher Sharpe Ratio (1.37 vs 1.27), 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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