WRPIX vs. EKBAX

Last updated Aug 1, 2026

WRPIX (Allspring Alternative Risk Premia Fund) and EKBAX (Allspring Diversified Capital Builder Fund) are both mutual funds - WRPIX is a Multistrategy fund managed by Allspring, while EKBAX is a Diversified Portfolio fund managed by Allspring. Over the past 5 years, WRPIX returned 7.29%/yr vs 17.14%/yr for EKBAX. Their 0.05 correlation means their historical movements had little consistent relationship. WRPIX charges 0.72%/yr vs 1.10%/yr for EKBAX.

Performance

WRPIX vs. EKBAX - Performance Comparison

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

Returns By Period

In the year-to-date period, WRPIX achieves a 10.43% return, which is significantly lower than EKBAX's 29.12% return.

WRPIX

• 1D: -0.55%
• 1M: 3.33%
• 6M: 5.63%
• YTD: 10.43%
• 1Y: 20.12%
• 3Y*: 8.42%
• 5Y*: 7.29%
• 10Y*: —
• ALL TIME*: 2.85%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
EKBAX Allspring Diversified Capital Builder Fund	$0.00	$0.00	$0.00
WRPIX Allspring Alternative Risk Premia Fund	$0.00	$0.00	$0.00

WRPIX vs. EKBAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
WRPIX Allspring Alternative Risk Premia Fund	10.43%	5.37%	11.23%	-0.06%	10.44%	6.84%	-16.77%	-2.86%
EKBAX Allspring Diversified Capital Builder Fund	29.12%	21.87%	21.75%	22.23%	-13.47%	19.61%	12.66%	21.98%

Correlation

The correlation between WRPIX and EKBAX is 0.28, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.28
Correlation (3Y) Balances recent behavior with more history.	0.14
Correlation (5Y) Shows whether the relationship held over a longer period.	0.01
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019	0.05

Over the past year, WRPIX and EKBAX have become more correlated (0.28) than their long-term average of 0.05, meaning their price movements have been converging.

Return for Risk

WRPIX vs. EKBAX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

WRPIX

WRPIX Risk / Return Rank: 96
WRPIX Sharpe Ratio Rank: 97
WRPIX Sortino Ratio Rank: 96
WRPIX Omega Ratio Rank: 94
WRPIX Calmar Ratio Rank: 97
WRPIX Martin Ratio Rank: 97

EKBAX

EKBAX Risk / Return Rank: 87
EKBAX Sharpe Ratio Rank: 86
EKBAX Sortino Ratio Rank: 79
EKBAX Omega Ratio Rank: 80
EKBAX Calmar Ratio Rank: 95
EKBAX Martin Ratio Rank: 96

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

WRPIX vs. EKBAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Alternative Risk Premia Fund (WRPIX) 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.

	WRPIX	EKBAX	Difference
Sharpe ratio: Return per unit of total volatility	2.85	2.08	+0.77
Sortino ratio: Return per unit of downside risk	4.11	2.70	+1.40
Omega ratio: Gain probability vs. loss probability	1.56	1.36	+0.20
Calmar ratio: Return relative to maximum drawdown	5.26	4.09	+1.17
Martin ratio: Return relative to average drawdown	18.24	16.56	+1.68

WRPIX vs. EKBAX - Sharpe Ratio Comparison

The current WRPIX Sharpe Ratio is 2.85, which is higher than the EKBAX Sharpe Ratio of 2.08. The chart below compares the historical Sharpe Ratios of WRPIX and EKBAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

WRPIX vs. EKBAX - Drawdown Comparison

The maximum WRPIX drawdown since its inception was -21.67%, smaller than the maximum EKBAX drawdown of -55.64%. Use the drawdown chart below to compare losses from any high point for WRPIX and EKBAX.

Drawdown Indicators

	WRPIX	EKBAX	Difference
Max Drawdown Largest peak-to-trough decline	-21.67%	-55.64%	+33.97%
Max Drawdown (1Y) Largest decline over 1 year	-3.76%	-10.21%	+6.45%
Max Drawdown (3Y) Largest decline over 3 years	-8.72%	-23.55%	+14.83%
Max Drawdown (5Y) Largest decline over 5 years	-8.72%	-24.84%	+16.12%
Max Drawdown (10Y) Largest decline over 10 years	—	-32.33%	—
Current Drawdown Current decline from peak	-1.10%	-6.67%	+5.57%
Average Drawdown Average peak-to-trough decline	-7.21%	-7.96%	+0.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.08%	2.53%	-1.45%

Volatility

WRPIX vs. EKBAX - Volatility Comparison

The current volatility for Allspring Alternative Risk Premia Fund (WRPIX) is 2.20%, while Allspring Diversified Capital Builder Fund (EKBAX) has a volatility of 7.70%. This indicates that WRPIX 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.

Volatility by Period

	WRPIX	EKBAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.20%	7.70%	-5.50%
Volatility (6M) Calculated over the trailing 6-month period	5.25%	16.75%	-11.50%
Volatility (1Y) Calculated over the trailing 1-year period	6.94%	20.11%	-13.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.17%	18.89%	-11.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.08%	17.93%	-10.85%

WRPIX vs. EKBAX - Expense Ratio Comparison

WRPIX has a 0.72% expense ratio, which is lower than EKBAX's 1.10% expense ratio.

Dividends

WRPIX vs. EKBAX - Dividend Comparison

WRPIX's dividend yield for the trailing twelve months is around 6.49%, 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%
WRPIX Allspring Alternative Risk Premia Fund	6.49%	7.16%	3.25%	4.66%	15.23%	0.00%	0.00%	1.76%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WRPIX and EKBAX in my portfolio?

WRPIX and EKBAX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, WRPIX or EKBAX?

EKBAX has higher volatility (7.70%) compared to WRPIX (2.20%). In terms of maximum drawdown, WRPIX dropped -21.67% vs EKBAX's -55.64%.

Which has better risk-adjusted returns?

WRPIX currently has the higher Sharpe Ratio (2.85 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.