Correlation
The correlation between WMFAX and FEPIX is -0.08. 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. FEPIX
Compare and contrast key facts about Allspring Municipal Bond Fund (WMFAX) and Fidelity Total Bond Fund (FEPIX).
WMFAX is managed by Allspring Global Investments. It was launched on Apr 7, 2005. FEPIX is managed by Fidelity.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: WMFAX or FEPIX.
Performance
WMFAX vs. FEPIX - Performance Comparison
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Key characteristics
WMFAX:
0.36
FEPIX:
1.19
WMFAX:
0.41
FEPIX:
1.56
WMFAX:
1.07
FEPIX:
1.19
WMFAX:
0.28
FEPIX:
0.67
WMFAX:
0.90
FEPIX:
3.00
WMFAX:
1.58%
FEPIX:
1.82%
WMFAX:
4.90%
FEPIX:
5.21%
WMFAX:
-14.91%
FEPIX:
-17.77%
WMFAX:
-3.17%
FEPIX:
-3.36%
Returns By Period
In the year-to-date period, WMFAX achieves a -1.84% return, which is significantly lower than FEPIX's 2.06% return. Both investments have delivered pretty close results over the past 10 years, with WMFAX having a 2.25% annualized return and FEPIX not far ahead at 2.35%.
WMFAX
-1.84%
-0.73%
-2.88%
1.39%
1.81%
0.84%
2.25%
FEPIX
2.06%
-0.53%
0.78%
5.47%
2.37%
0.50%
2.35%
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WMFAX vs. FEPIX - Expense Ratio Comparison
WMFAX has a 0.74% expense ratio, which is higher than FEPIX's 0.50% expense ratio.
Risk-Adjusted Performance
WMFAX vs. FEPIX — Risk-Adjusted Performance Rank
WMFAX
FEPIX
WMFAX vs. FEPIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Municipal Bond Fund (WMFAX) and Fidelity Total Bond Fund (FEPIX). 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. FEPIX - Dividend Comparison
WMFAX's dividend yield for the trailing twelve months is around 3.46%, less than FEPIX's 4.07% 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% |
FEPIX Fidelity Total Bond Fund | 4.07% | 4.46% | 4.09% | 3.28% | 2.21% | 5.18% | 2.98% | 3.13% | 2.93% | 3.19% | 3.65% | 3.09% |
Drawdowns
WMFAX vs. FEPIX - Drawdown Comparison
The maximum WMFAX drawdown since its inception was -14.91%, smaller than the maximum FEPIX drawdown of -17.77%. Use the drawdown chart below to compare losses from any high point for WMFAX and FEPIX.
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Volatility
WMFAX vs. FEPIX - Volatility Comparison
The current volatility for Allspring Municipal Bond Fund (WMFAX) is 0.59%, while Fidelity Total Bond Fund (FEPIX) has a volatility of 1.40%. This indicates that WMFAX experiences smaller price fluctuations and is considered to be less risky than FEPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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