Correlation
The correlation between WMFAX and BIAEX is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
WMFAX vs. BIAEX
Compare and contrast key facts about Allspring Municipal Bond Fund (WMFAX) and Brown Advisory Tax Exempt Bond Fund (BIAEX).
WMFAX is managed by Allspring Global Investments. It was launched on Apr 7, 2005. BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WMFAX or BIAEX.
Performance
WMFAX vs. BIAEX - Performance Comparison
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Key characteristics
WMFAX:
0.36
BIAEX:
0.73
WMFAX:
0.41
BIAEX:
0.91
WMFAX:
1.07
BIAEX:
1.15
WMFAX:
0.28
BIAEX:
0.67
WMFAX:
0.90
BIAEX:
2.20
WMFAX:
1.58%
BIAEX:
1.36%
WMFAX:
4.90%
BIAEX:
4.56%
WMFAX:
-14.91%
BIAEX:
-12.84%
WMFAX:
-3.17%
BIAEX:
-2.13%
Returns By Period
In the year-to-date period, WMFAX achieves a -1.84% return, which is significantly lower than BIAEX's -0.57% return. Both investments have delivered pretty close results over the past 10 years, with WMFAX having a 2.25% annualized return and BIAEX not far ahead at 2.29%.
WMFAX
-1.84%
-0.73%
-2.88%
1.39%
1.81%
0.84%
2.25%
BIAEX
-0.57%
-0.11%
-1.62%
2.85%
2.45%
1.63%
2.29%
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WMFAX vs. BIAEX - Expense Ratio Comparison
WMFAX has a 0.74% expense ratio, which is higher than BIAEX's 0.46% expense ratio.
Risk-Adjusted Performance
WMFAX vs. BIAEX — Risk-Adjusted Performance Rank
WMFAX
BIAEX
WMFAX vs. BIAEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Municipal Bond Fund (WMFAX) and Brown Advisory Tax Exempt Bond Fund (BIAEX). 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.
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Dividends
WMFAX vs. BIAEX - Dividend Comparison
WMFAX's dividend yield for the trailing twelve months is around 3.46%, less than BIAEX's 3.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WMFAX Allspring Municipal Bond Fund | 3.46% | 4.33% | 2.84% | 2.48% | 2.15% | 2.29% | 2.68% | 3.10% | 3.41% | 3.74% | 3.40% | 3.66% |
BIAEX Brown Advisory Tax Exempt Bond Fund | 3.65% | 4.00% | 3.81% | 3.01% | 2.98% | 2.54% | 3.01% | 3.27% | 3.08% | 2.81% | 2.00% | 1.95% |
Drawdowns
WMFAX vs. BIAEX - Drawdown Comparison
The maximum WMFAX drawdown since its inception was -14.91%, which is greater than BIAEX's maximum drawdown of -12.84%. Use the drawdown chart below to compare losses from any high point for WMFAX and BIAEX.
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Volatility
WMFAX vs. BIAEX - Volatility Comparison
Allspring Municipal Bond Fund (WMFAX) has a higher volatility of 0.59% compared to Brown Advisory Tax Exempt Bond Fund (BIAEX) at 0.56%. This indicates that WMFAX's price experiences larger fluctuations and is considered to be riskier than BIAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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