WMBIX vs. EKBAX
WMBIX (Allspring Municipal Bond Fund Institutional Class) and EKBAX (Allspring Diversified Capital Builder Fund) are both mutual funds - WMBIX is a Municipal Bonds fund tracking the Bloomberg Municipal Bond Index, while EKBAX is a Diversified Portfolio fund managed by Allspring. Over the past 10 years, WMBIX returned 2.08%/yr vs 15.35%/yr for EKBAX. Their -0.05 correlation means they have often moved in opposite directions in the past. WMBIX charges 0.42%/yr vs 1.10%/yr for EKBAX.
Performance
WMBIX vs. EKBAX - Performance Comparison
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Returns By Period
In the year-to-date period, WMBIX achieves a 0.68% return, which is significantly lower than EKBAX's 29.12% return. Over the past 10 years, WMBIX has underperformed EKBAX with an annualized return of 2.08%, while EKBAX has yielded a comparatively higher 15.35% annualized return.
WMBIX
- 1D
- -0.21%
- 1M
- -1.64%
- 6M
- -0.02%
- YTD
- 0.68%
- 1Y
- 4.73%
- 3Y*
- 2.87%
- 5Y*
- 0.45%
- 10Y*
- 2.08%
- ALL TIME*
- 3.81%
EKBAX
- 1D
- 3.94%
- 1M
- -2.06%
- 6M
- 19.20%
- YTD
- 29.12%
- 1Y
- 45.51%
- 3Y*
- 26.57%
- 5Y*
- 17.14%
- 10Y*
- 15.35%
- ALL TIME*
- 8.45%
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 |
WMBIX vs. EKBAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WMBIX Allspring Municipal Bond Fund Institutional Class | 0.68% | 3.08% | 2.47% | 5.56% | -8.63% | 1.99% | 4.21% | 7.75% | 2.13% | 6.27% |
EKBAX Allspring Diversified Capital Builder Fund | 29.12% | 21.87% | 21.75% | 22.23% | -13.47% | 19.61% | 12.66% | 32.99% | -5.55% | 14.43% |
Correlation
The correlation between WMBIX and EKBAX is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.11 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.11 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.04 |
Correlation (All Time) Calculated using the full available price history since Mar 31, 2008 | -0.05 |
The correlation between WMBIX and EKBAX shifts across timeframes, from -0.05 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WMBIX vs. EKBAX — Risk / Return Rank
WMBIX
EKBAX
WMBIX vs. EKBAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Municipal Bond Fund Institutional Class (WMBIX) and Allspring Diversified Capital Builder Fund (EKBAX). 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.
| WMBIX | EKBAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.36 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.22 | 4.09 | -1.87 |
| Martin ratioReturn relative to average drawdown | 7.90 | 16.56 | -8.66 |
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Drawdowns
WMBIX vs. EKBAX - Drawdown Comparison
The maximum WMBIX drawdown since its inception was -16.84%, smaller than the maximum EKBAX drawdown of -55.64%. Use the drawdown chart below to compare losses from any high point for WMBIX and EKBAX.
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Drawdown Indicators
| WMBIX | EKBAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.84% | -55.64% | +38.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.34% | -10.21% | +7.87% |
Max Drawdown (3Y)Largest decline over 3 years | -5.09% | -23.55% | +18.46% |
Max Drawdown (5Y)Largest decline over 5 years | -12.98% | -24.84% | +11.86% |
Max Drawdown (10Y)Largest decline over 10 years | -13.06% | -32.33% | +19.27% |
Current DrawdownCurrent decline from peak | -1.64% | -6.67% | +5.03% |
Average DrawdownAverage peak-to-trough decline | -2.18% | -7.96% | +5.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 2.53% | -1.87% |
Volatility
WMBIX vs. EKBAX - Volatility Comparison
The current volatility for Allspring Municipal Bond Fund Institutional Class (WMBIX) is 0.75%, while Allspring Diversified Capital Builder Fund (EKBAX) has a volatility of 7.70%. This indicates that WMBIX experiences smaller price fluctuations and is considered to be less risky than EKBAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMBIX | EKBAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.75% | 7.70% | -6.95% |
Volatility (6M)Calculated over the trailing 6-month period | 1.95% | 16.75% | -14.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.40% | 20.11% | -17.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.60% | 18.89% | -15.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.68% | 17.93% | -14.25% |
WMBIX vs. EKBAX - Expense Ratio Comparison
WMBIX has a 0.42% expense ratio, which is lower than EKBAX's 1.10% expense ratio.
Dividends
WMBIX vs. EKBAX - Dividend Comparison
WMBIX's dividend yield for the trailing twelve months is around 3.18%, less than EKBAX's 7.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EKBAX Allspring Diversified Capital Builder Fund | 7.41% | 9.61% | 5.28% | 6.16% | 12.50% | 6.89% | 2.03% | 9.49% | 7.14% | 6.20% | 10.05% | 11.47% |
WMBIX Allspring Municipal Bond Fund Institutional Class | 3.18% | 3.41% | 3.36% | 2.88% | 2.54% | 2.25% | 2.58% | 3.20% | 3.36% | 3.69% | 4.01% | 3.66% |
Frequently Asked Questions
WMBIX and EKBAX have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EKBAX has higher volatility (7.70%) compared to WMBIX (0.75%). In terms of maximum drawdown, WMBIX dropped -16.84% vs EKBAX's -55.64%.
WMBIX currently has the higher Sharpe Ratio (2.18 vs 2.08), 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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