WMFAX vs. DFABX
Compare and contrast key facts about Allspring Municipal Bond Fund (WMFAX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX).
WMFAX is managed by Allspring Global Investments. It was launched on Apr 7, 2005. DFABX is managed by Dimensional. It was launched on Apr 11, 2022.
Performance
WMFAX vs. DFABX - Performance Comparison
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WMFAX vs. DFABX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
WMFAX Allspring Municipal Bond Fund | -0.42% | 2.90% | 2.16% | 5.25% | -1.78% |
DFABX DFA Short-Term Selective State Municipal Bond Portfolio | 0.58% | 2.46% | 2.90% | 2.87% | 0.55% |
Returns By Period
In the year-to-date period, WMFAX achieves a -0.42% return, which is significantly lower than DFABX's 0.58% return.
WMFAX
- 1D
- 0.21%
- 1M
- -2.14%
- YTD
- -0.42%
- 6M
- 0.89%
- 1Y
- 3.04%
- 3Y*
- 2.48%
- 5Y*
- 0.53%
- 10Y*
- 1.98%
DFABX
- 1D
- 0.05%
- 1M
- -0.05%
- YTD
- 0.58%
- 6M
- 1.12%
- 1Y
- 2.73%
- 3Y*
- 2.60%
- 5Y*
- —
- 10Y*
- —
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WMFAX vs. DFABX - Expense Ratio Comparison
WMFAX has a 0.74% expense ratio, which is higher than DFABX's 0.25% expense ratio.
Return for Risk
WMFAX vs. DFABX — Risk / Return Rank
WMFAX
DFABX
WMFAX vs. DFABX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Municipal Bond Fund (WMFAX) and DFA Short-Term Selective State Municipal Bond Portfolio (DFABX). 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.
| WMFAX | DFABX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.76 | 3.90 | -3.14 |
Sortino ratioReturn per unit of downside risk | 1.03 | 7.13 | -6.11 |
Omega ratioGain probability vs. loss probability | 1.23 | 3.50 | -2.28 |
Calmar ratioReturn relative to maximum drawdown | 0.87 | 4.84 | -3.97 |
Martin ratioReturn relative to average drawdown | 2.70 | 26.76 | -24.06 |
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
| WMFAX | DFABX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.76 | 3.90 | -3.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 2.44 | -1.38 |
Correlation
The correlation between WMFAX and DFABX is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
WMFAX vs. DFABX - Dividend Comparison
WMFAX's dividend yield for the trailing twelve months is around 2.88%, more than DFABX's 2.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
WMFAX Allspring Municipal Bond Fund | 2.88% | 3.12% | 3.06% | 2.59% | 2.26% | 1.96% | 2.28% | 2.89% | 3.07% | 3.41% | 3.71% | 3.37% |
DFABX DFA Short-Term Selective State Municipal Bond Portfolio | 2.70% | 2.33% | 2.86% | 2.52% | 1.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
WMFAX vs. DFABX - Drawdown Comparison
The maximum WMFAX drawdown since its inception was -14.91%, which is greater than DFABX's maximum drawdown of -2.46%. Use the drawdown chart below to compare losses from any high point for WMFAX and DFABX.
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Drawdown Indicators
| WMFAX | DFABX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.91% | -2.46% | -12.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.42% | -0.50% | -3.92% |
Max Drawdown (5Y)Largest decline over 5 years | -13.35% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -13.35% | — | — |
Current DrawdownCurrent decline from peak | -2.14% | -0.06% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -0.25% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.43% | 0.09% | +1.34% |
Volatility
WMFAX vs. DFABX - Volatility Comparison
Allspring Municipal Bond Fund (WMFAX) has a higher volatility of 0.85% compared to DFA Short-Term Selective State Municipal Bond Portfolio (DFABX) at 0.18%. This indicates that WMFAX's price experiences larger fluctuations and is considered to be riskier than DFABX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WMFAX | DFABX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.85% | 0.18% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 1.44% | 0.40% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 0.71% | +3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.55% | 0.97% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.64% | 0.97% | +2.67% |