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WRPIX vs. QSPNX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

WRPIX vs. QSPNX

Last updated Apr 1, 2026

Compare and contrast key facts about Allspring Alternative Risk Premia Fund (WRPIX) and AQR Style Premia Alternative Fund Class N (QSPNX).

WRPIX is managed by Wells Fargo Funds. It was launched on Jan 28, 2019. QSPNX is an actively managed fund by AQR. It was launched on Oct 30, 2013.

Performance

WRPIX vs. QSPNX - Performance Comparison

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

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WRPIX vs. QSPNX - 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%
QSPNX
AQR Style Premia Alternative Fund Class N		9.96%14.35%21.33%12.14%30.40%24.63%-22.17%-9.75%

Returns By Period

In the year-to-date period, WRPIX achieves a 9.08% return, which is significantly lower than QSPNX's 9.96% return.

WRPIX

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

QSPNX

1D
-0.11%
1M
3.88%
YTD
9.96%
6M
11.97%
1Y
13.69%
3Y*
19.66%
5Y*
18.38%
10Y*
6.79%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Allspring Alternative Risk Premia Fund

AQR Style Premia Alternative Fund Class N

Often compared with WRPIX:
WRPIX vs. QRPIXWRPIX vs. RMDFXWRPIX vs. TALTXWRPIX vs. JAAAXWRPIX vs. ADANXWRPIX vs. SPATXWRPIX vs. SRRIX
Often compared with QSPNX:
QSPNX vs. QRPNXQSPNX vs. FABZXQSPNX vs. FCRIXQSPNX vs. QCFNXQSPNX vs. RYMQXQSPNX vs. SYMIXQSPNX vs. TNMAX

WRPIX vs. QSPNX - Expense Ratio Comparison

WRPIX has a 0.72% expense ratio, which is lower than QSPNX's 6.14% expense ratio.

QSPNX
AQR Style Premia Alternative Fund Class N
WRPIX
Allspring Alternative Risk Premia Fund

Return for Risk

WRPIX vs. QSPNX — 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
QSPNX
QSPNX Risk / Return Rank: 6868
Overall Rank
QSPNX Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
QSPNX Sortino Ratio Rank: 7575
Sortino Ratio Rank
QSPNX Omega Ratio Rank: 6666
Omega Ratio Rank
QSPNX Calmar Ratio Rank: 7373
Calmar Ratio Rank
QSPNX Martin Ratio Rank: 5252
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. QSPNX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Alternative Risk Premia Fund (WRPIX) and AQR Style Premia Alternative Fund Class N (QSPNX). 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.

WRPIXQSPNXDifference

Sharpe ratio

Return per unit of total volatility

1.46

1.39

+0.07

Sortino ratio

Return per unit of downside risk

1.90

1.90

+0.01

Omega ratio

Gain probability vs. loss probability

1.29

1.25

+0.03

Calmar ratio

Return relative to maximum drawdown

1.41

1.72

-0.30

Martin ratio

Return relative to average drawdown

2.89

5.15

-2.26

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. QSPNX - Sharpe Ratio Comparison

The current WRPIX Sharpe Ratio is 1.46, which is comparable to the QSPNX Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of WRPIX and QSPNX, 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

WRPIXQSPNXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.46

1.39

+0.07

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

1.10

1.16

-0.06

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.53

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.40

0.59

-0.19

Correlation

The correlation between WRPIX and QSPNX is 0.26, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

WRPIX vs. QSPNX - Dividend Comparison

WRPIX's dividend yield for the trailing twelve months is around 6.57%, more than QSPNX's 2.17% 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%
QSPNX
AQR Style Premia Alternative Fund Class N		2.17%2.39%6.80%23.73%22.62%12.61%0.00%1.63%0.51%6.81%1.75%5.68%

Drawdowns

WRPIX vs. QSPNX - Drawdown Comparison

The maximum WRPIX drawdown since its inception was -21.67%, smaller than the maximum QSPNX drawdown of -41.79%. Use the drawdown chart below to compare losses from any high point for WRPIX and QSPNX.

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Drawdown Indicators

WRPIXQSPNXDifference

Max Drawdown

Largest peak-to-trough decline

-21.67%

-41.79%

+20.12%

Max Drawdown (1Y)

Largest decline over 1 year

-8.19%

-8.22%

+0.03%

Max Drawdown (5Y)

Largest decline over 5 years

-8.72%

-17.17%

+8.45%

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.79%

—

Current Drawdown

Current decline from peak

0.00%

-0.11%

+0.11%

Average Drawdown

Average peak-to-trough decline

-7.49%

-9.72%

+2.23%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.00%

2.74%

+1.26%

Volatility

WRPIX vs. QSPNX - Volatility Comparison

Allspring Alternative Risk Premia Fund (WRPIX) and AQR Style Premia Alternative Fund Class N (QSPNX) have volatilities of 2.64% and 2.67%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

WRPIXQSPNXDifference

Volatility (1M)

Calculated over the trailing 1-month period

2.64%

2.67%

-0.03%

Volatility (6M)

Calculated over the trailing 6-month period

5.68%

6.62%

-0.94%

Volatility (1Y)

Calculated over the trailing 1-year period

8.26%

10.13%

-1.87%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

7.11%

15.96%

-8.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

7.12%

12.76%

-5.64%