WRPIX vs. FCRIX
WRPIX (Allspring Alternative Risk Premia Fund) and FCRIX (FS Credit Income Fund Class I) are both Multistrategy funds. Over the past 5 years, WRPIX returned 7.29%/yr vs 4.26%/yr for FCRIX. Their -0.06 correlation means they have often moved in opposite directions in the past. WRPIX charges 0.72%/yr vs 2.37%/yr for FCRIX.
Performance
WRPIX vs. FCRIX - 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 FCRIX's 3.24% 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%
FCRIX
- 1D
- 0.00%
- 1M
- -0.25%
- 6M
- 2.55%
- YTD
- 3.24%
- 1Y
- 6.66%
- 3Y*
- 8.27%
- 5Y*
- 4.26%
- 10Y*
- —
- ALL TIME*
- 5.36%
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. FCRIX - 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% | -2.37% |
FCRIX FS Credit Income Fund Class I | 3.24% | 7.88% | 8.86% | 11.96% | -10.70% | 7.50% | 8.27% | 2.47% |
Correlation
The correlation between WRPIX and FCRIX is -0.05, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.05 |
Correlation (3Y) Balances recent behavior with more history. | -0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.11 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2019 | -0.06 |
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Return for Risk
WRPIX vs. FCRIX — Risk / Return Rank
WRPIX
FCRIX
WRPIX vs. FCRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Alternative Risk Premia Fund (WRPIX) and FS Credit Income Fund Class I (FCRIX). 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 | FCRIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | -6.53 | ||
| Omega ratioGain probability vs. loss probability | 1.56 | 2.66 | -1.10 |
| Calmar ratioReturn relative to maximum drawdown | 5.26 | 8.44 | -3.18 |
| Martin ratioReturn relative to average drawdown | 18.24 | 35.63 | -17.39 |
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Drawdowns
WRPIX vs. FCRIX - Drawdown Comparison
The maximum WRPIX drawdown since its inception was -21.67%, smaller than the maximum FCRIX drawdown of -26.74%. Use the drawdown chart below to compare losses from any high point for WRPIX and FCRIX.
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Drawdown Indicators
| WRPIX | FCRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.67% | -26.74% | +5.07% |
Max Drawdown (1Y)Largest decline over 1 year | -3.76% | -0.90% | -2.86% |
Max Drawdown (3Y)Largest decline over 3 years | -8.72% | -3.01% | -5.71% |
Max Drawdown (5Y)Largest decline over 5 years | -8.72% | -15.33% | +6.61% |
Current DrawdownCurrent decline from peak | -1.10% | -0.25% | -0.85% |
Average DrawdownAverage peak-to-trough decline | -7.21% | -3.13% | -4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.08% | 0.21% | +0.87% |
Volatility
WRPIX vs. FCRIX - Volatility Comparison
Allspring Alternative Risk Premia Fund (WRPIX) has a higher volatility of 2.20% compared to FS Credit Income Fund Class I (FCRIX) at 0.18%. This indicates that WRPIX's price experiences larger fluctuations and is considered to be riskier than FCRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WRPIX | FCRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.20% | 0.18% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 5.25% | 1.96% | +3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.94% | 2.98% | +3.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.17% | 4.22% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.08% | 6.34% | +0.74% |
WRPIX vs. FCRIX - Expense Ratio Comparison
WRPIX has a 0.72% expense ratio, which is lower than FCRIX's 2.37% expense ratio.
Dividends
WRPIX vs. FCRIX - Dividend Comparison
WRPIX's dividend yield for the trailing twelve months is around 6.49%, less than FCRIX's 9.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
FCRIX FS Credit Income Fund Class I | 9.19% | 10.54% | 7.62% | 5.56% | 3.25% | 5.62% | 5.72% | 2.91% |
WRPIX Allspring Alternative Risk Premia Fund | 6.49% | 7.16% | 3.25% | 4.66% | 15.23% | 0.00% | 0.00% | 1.76% |
Frequently Asked Questions
WRPIX and FCRIX have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WRPIX has higher volatility (2.20%) compared to FCRIX (0.18%). In terms of maximum drawdown, WRPIX dropped -21.67% vs FCRIX's -26.74%.
WRPIX currently has the higher Sharpe Ratio (2.85 vs 2.55), 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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