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WRPIX vs. ADAIX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

WRPIX vs. ADAIX

Last updated Apr 1, 2026

Compare and contrast key facts about Allspring Alternative Risk Premia Fund (WRPIX) and AQR Diversified Arbitrage Fund Class I (ADAIX).

WRPIX is managed by Wells Fargo Funds. It was launched on Jan 28, 2019. ADAIX is an actively managed fund by AQR Funds. It was launched on Jan 15, 2009.

Performance

WRPIX vs. ADAIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Alternative Risk Premia Fund (WRPIX) and AQR Diversified Arbitrage Fund Class I (ADAIX). The values are adjusted to include any dividend payments, if applicable.

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WRPIX vs. ADAIX - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
WRPIX
Allspring Alternative Risk Premia Fund		9.08%5.37%11.23%-0.06%10.44%6.84%-16.77%-2.86%
ADAIX
AQR Diversified Arbitrage Fund Class I		0.78%8.03%3.19%4.51%-3.30%6.27%25.24%6.58%

Returns By Period

In the year-to-date period, WRPIX achieves a 9.08% return, which is significantly higher than ADAIX's 0.78% return.

WRPIX

1D
0.45%
1M
4.59%
YTD
9.08%
6M
12.89%
1Y
11.70%
3Y*
8.20%
5Y*
7.80%
10Y*
—

ADAIX

1D
-0.15%
1M
0.08%
YTD
0.78%
6M
2.60%
1Y
6.24%
3Y*
5.17%
5Y*
2.72%
10Y*
6.75%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Allspring Alternative Risk Premia Fund

AQR Diversified Arbitrage Fund Class I

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Often compared with ADAIX:
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WRPIX vs. ADAIX - Expense Ratio Comparison

WRPIX has a 0.72% expense ratio, which is lower than ADAIX's 1.38% expense ratio.

ADAIX
AQR Diversified Arbitrage Fund Class I
WRPIX
Allspring Alternative Risk Premia Fund

Return for Risk

WRPIX vs. ADAIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
WRPIX
WRPIX Risk / Return Rank: 6464
Overall Rank
WRPIX Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
WRPIX Sortino Ratio Rank: 7676
Sortino Ratio Rank
WRPIX Omega Ratio Rank: 7676
Omega Ratio Rank
WRPIX Calmar Ratio Rank: 6161
Calmar Ratio Rank
WRPIX Martin Ratio Rank: 2727
Martin Ratio Rank
ADAIX
ADAIX Risk / Return Rank: 9999
Overall Rank
ADAIX Sharpe Ratio Rank: 100100
Sharpe Ratio Rank
ADAIX Sortino Ratio Rank: 9999
Sortino Ratio Rank
ADAIX Omega Ratio Rank: 9898
Omega Ratio Rank
ADAIX Calmar Ratio Rank: 9999
Calmar Ratio Rank
ADAIX Martin Ratio Rank: 9999
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WRPIX vs. ADAIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Alternative Risk Premia Fund (WRPIX) and AQR Diversified Arbitrage Fund Class I (ADAIX). 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.

WRPIXADAIXDifference

Sharpe ratio

Return per unit of total volatility

1.46

4.19

-2.73

Sortino ratio

Return per unit of downside risk

1.90

6.86

-4.95

Omega ratio

Gain probability vs. loss probability

1.29

2.06

-0.78

Calmar ratio

Return relative to maximum drawdown

1.41

9.83

-8.41

Martin ratio

Return relative to average drawdown

2.89

37.48

-34.59

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WRPIX vs. ADAIX - Sharpe Ratio Comparison

The current WRPIX Sharpe Ratio is 1.46, which is lower than the ADAIX Sharpe Ratio of 4.19. The chart below compares the historical Sharpe Ratios of WRPIX and ADAIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

WRPIXADAIXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

4.19

-2.73

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.10

1.02

+0.08

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

1.56

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

1.19

-0.79

Correlation

The correlation between WRPIX and ADAIX 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.

Dividends

WRPIX vs. ADAIX - Dividend Comparison

WRPIX's dividend yield for the trailing twelve months is around 6.57%, more than ADAIX's 2.10% yield.

TTM20252024202320222021202020192018201720162015
WRPIX
Allspring Alternative Risk Premia Fund		6.57%7.16%3.25%4.66%15.23%0.00%0.00%1.76%0.00%0.00%0.00%0.00%
ADAIX
AQR Diversified Arbitrage Fund Class I		2.10%2.12%1.23%2.74%0.10%0.65%1.60%2.11%6.53%7.17%7.18%4.93%

Drawdowns

WRPIX vs. ADAIX - Drawdown Comparison

The maximum WRPIX drawdown since its inception was -21.67%, which is greater than ADAIX's maximum drawdown of -14.75%. Use the drawdown chart below to compare losses from any high point for WRPIX and ADAIX.

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Drawdown Indicators

WRPIXADAIXDifference

Max Drawdown

Largest peak-to-trough decline

-21.67%

-14.75%

-6.92%

Max Drawdown (1Y)

Largest decline over 1 year

-8.19%

-0.64%

-7.55%

Max Drawdown (5Y)

Largest decline over 5 years

-8.72%

-7.40%

-1.32%

Max Drawdown (10Y)

Largest decline over 10 years

—

-14.75%

—

Current Drawdown

Current decline from peak

0.00%

-0.31%

+0.31%

Average Drawdown

Average peak-to-trough decline

-7.49%

-2.85%

-4.64%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.00%

0.17%

+3.83%

Volatility

WRPIX vs. ADAIX - Volatility Comparison

Allspring Alternative Risk Premia Fund (WRPIX) has a higher volatility of 2.64% compared to AQR Diversified Arbitrage Fund Class I (ADAIX) at 0.38%. This indicates that WRPIX's price experiences larger fluctuations and is considered to be riskier than ADAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WRPIXADAIXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.64%

0.38%

+2.26%

Volatility (6M)

Calculated over the trailing 6-month period

5.68%

1.11%

+4.57%

Volatility (1Y)

Calculated over the trailing 1-year period

8.26%

1.54%

+6.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.11%

2.69%

+4.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.12%

4.33%

+2.79%