WSINX vs. ANGLX
WSINX (Allspring Income Plus Fund) and ANGLX (Angel Oak Multi-Strategy Income Fund) are both Multisector Bonds funds. Over the past 10 years, WSINX returned 4.17%/yr vs 2.54%/yr for ANGLX. At a 0.39 correlation, their price movements are largely independent. WSINX charges 0.60%/yr vs 1.21%/yr for ANGLX.
Performance
WSINX vs. ANGLX - Performance Comparison
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Returns By Period
In the year-to-date period, WSINX achieves a 1.05% return, which is significantly lower than ANGLX's 1.73% return. Over the past 10 years, WSINX has outperformed ANGLX with an annualized return of 4.17%, while ANGLX has yielded a comparatively lower 2.54% annualized return.
WSINX
- 1D
- -0.11%
- 1M
- 0.68%
- YTD
- 1.05%
- 6M
- 1.28%
- 1Y
- 5.12%
- 3Y*
- 6.41%
- 5Y*
- 2.47%
- 10Y*
- 4.17%
ANGLX
- 1D
- -0.23%
- 1M
- 0.64%
- YTD
- 1.73%
- 6M
- 2.23%
- 1Y
- 6.30%
- 3Y*
- 6.90%
- 5Y*
- 1.38%
- 10Y*
- 2.54%
WSINX vs. ANGLX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WSINX Allspring Income Plus Fund | 1.05% | 6.61% | 5.43% | 9.40% | -9.25% | 3.08% | 8.14% | 8.65% | -0.66% | 6.84% |
ANGLX Angel Oak Multi-Strategy Income Fund | 1.73% | 7.45% | 7.60% | 4.06% | -14.00% | 4.26% | -1.99% | 4.73% | 2.62% | 5.47% |
Correlation
The correlation between WSINX and ANGLX is 0.67, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2013 | 0.39 |
Over the past year, WSINX and ANGLX have become more correlated (0.67) than their long-term average of 0.39, meaning their price movements have been converging.
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Return for Risk
WSINX vs. ANGLX — Risk / Return Rank
WSINX
ANGLX
WSINX vs. ANGLX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Income Plus Fund (WSINX) and Angel Oak Multi-Strategy Income Fund (ANGLX). 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.
| WSINX | ANGLX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.84 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.75 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 4.47 | -2.56 |
| Martin ratioReturn relative to average drawdown | 7.54 | 19.00 | -11.46 |
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Drawdowns
WSINX vs. ANGLX - Drawdown Comparison
The maximum WSINX drawdown since its inception was -13.31%, smaller than the maximum ANGLX drawdown of -16.40%. Use the drawdown chart below to compare losses from any high point for WSINX and ANGLX.
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Drawdown Indicators
| WSINX | ANGLX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.31% | -16.40% | +3.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -1.47% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -3.31% | -1.59% | -1.72% |
Max Drawdown (5Y)Largest decline over 5 years | -13.04% | -14.34% | +1.30% |
Max Drawdown (10Y)Largest decline over 10 years | -13.31% | -16.40% | +3.09% |
Current DrawdownCurrent decline from peak | -0.37% | -0.34% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -1.99% | -2.74% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 0.35% | +0.35% |
Volatility
WSINX vs. ANGLX - Volatility Comparison
Allspring Income Plus Fund (WSINX) and Angel Oak Multi-Strategy Income Fund (ANGLX) have volatilities of 0.81% and 0.83%, 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
| WSINX | ANGLX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.81% | 0.83% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.20% | 1.68% | +0.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.67% | 2.30% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.79% | 2.81% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.56% | 3.31% | +0.25% |
WSINX vs. ANGLX - Expense Ratio Comparison
WSINX has a 0.60% expense ratio, which is lower than ANGLX's 1.21% expense ratio.
Dividends
WSINX vs. ANGLX - Dividend Comparison
WSINX's dividend yield for the trailing twelve months is around 4.91%, less than ANGLX's 5.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ANGLX Angel Oak Multi-Strategy Income Fund | 5.18% | 5.41% | 5.89% | 4.78% | 3.69% | 4.69% | 4.38% | 4.53% | 4.70% | 4.97% | 5.83% | 6.74% |
WSINX Allspring Income Plus Fund | 4.91% | 4.91% | 5.43% | 5.59% | 3.76% | 6.55% | 3.12% | 3.56% | 3.83% | 2.88% | 2.87% | 1.97% |
Frequently Asked Questions
WSINX and ANGLX have a correlation of 0.67, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ANGLX has higher volatility (0.83%) compared to WSINX (0.81%). In terms of maximum drawdown, WSINX dropped -13.31% vs ANGLX's -16.40%.
ANGLX currently has the higher Sharpe Ratio (2.86 vs 1.98), 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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