WRPIX vs. EKWAX
WRPIX (Allspring Alternative Risk Premia Fund) and EKWAX (Allspring Precious Metals Fund) are both mutual funds - WRPIX is a Multistrategy fund managed by Allspring, while EKWAX is a Precious Metals fund managed by Allspring. Over the past 5 years, WRPIX returned 7.29%/yr vs 22.63%/yr for EKWAX. Their -0.01 correlation means they have often moved in opposite directions in the past. WRPIX charges 0.72%/yr vs 1.09%/yr for EKWAX.
Performance
WRPIX vs. EKWAX - Performance Comparison
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Returns By Period
In the year-to-date period, WRPIX achieves a 10.43% return, which is significantly higher than EKWAX's -9.10% 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%
EKWAX
- 1D
- 3.79%
- 1M
- -2.85%
- 6M
- -16.24%
- YTD
- -9.10%
- 1Y
- 52.40%
- 3Y*
- 42.22%
- 5Y*
- 22.63%
- 10Y*
- 11.51%
- ALL TIME*
- 10.61%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
WRPIX vs. EKWAX - 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% |
EKWAX Allspring Precious Metals Fund | -9.10% | 163.65% | 21.28% | 8.83% | -7.75% | -11.00% | 24.40% | 30.51% |
Correlation
The correlation between WRPIX and EKWAX is 0.23, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.23 |
Correlation (3Y) Balances recent behavior with more history. | 0.04 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.06 |
Correlation (All Time) Calculated using the full available price history since Feb 6, 2019 | -0.01 |
The correlation between WRPIX and EKWAX shifts across timeframes, from -0.06 (5 years) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
WRPIX vs. EKWAX — Risk / Return Rank
WRPIX
EKWAX
WRPIX vs. EKWAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Alternative Risk Premia Fund (WRPIX) and Allspring Precious Metals Fund (EKWAX). 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 | EKWAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.49 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 1.22 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 5.26 | 1.46 | +3.80 |
| Martin ratioReturn relative to average drawdown | 18.24 | 3.22 | +15.02 |
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Drawdowns
WRPIX vs. EKWAX - Drawdown Comparison
The maximum WRPIX drawdown since its inception was -21.67%, smaller than the maximum EKWAX drawdown of -76.76%. Use the drawdown chart below to compare losses from any high point for WRPIX and EKWAX.
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Drawdown Indicators
| WRPIX | EKWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.67% | -76.76% | +55.09% |
Max Drawdown (1Y)Largest decline over 1 year | -3.76% | -37.42% | +33.66% |
Max Drawdown (3Y)Largest decline over 3 years | -8.72% | -37.42% | +28.70% |
Max Drawdown (5Y)Largest decline over 5 years | -8.72% | -42.79% | +34.07% |
Max Drawdown (10Y)Largest decline over 10 years | — | -49.23% | — |
Current DrawdownCurrent decline from peak | -1.10% | -32.40% | +31.30% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -32.76% | +25.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 16.97% | -15.89% |
Volatility
WRPIX vs. EKWAX - Volatility Comparison
The current volatility for Allspring Alternative Risk Premia Fund (WRPIX) is 2.20%, while Allspring Precious Metals Fund (EKWAX) has a volatility of 12.54%. This indicates that WRPIX experiences smaller price fluctuations and is considered to be less risky than EKWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRPIX | EKWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 12.54% | -10.34% |
Volatility (6M)Calculated over the trailing 6-month period | 5.25% | 38.76% | -33.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.94% | 46.78% | -39.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 34.41% | -27.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 33.38% | -26.30% |
WRPIX vs. EKWAX - Expense Ratio Comparison
WRPIX has a 0.72% expense ratio, which is lower than EKWAX's 1.09% expense ratio.
Dividends
WRPIX vs. EKWAX - Dividend Comparison
WRPIX's dividend yield for the trailing twelve months is around 6.49%, more than EKWAX's 1.31% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
EKWAX Allspring Precious Metals Fund | 1.31% | 1.19% | 0.84% | 0.00% | 2.01% | 1.35% | 1.45% | 0.11% | 0.00% | 1.34% | 1.11% |
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% |
Frequently Asked Questions
WRPIX and EKWAX have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EKWAX has higher volatility (12.54%) compared to WRPIX (2.20%). In terms of maximum drawdown, WRPIX dropped -21.67% vs EKWAX's -76.76%.
WRPIX currently has the higher Sharpe Ratio (2.85 vs 1.17), 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.
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