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ANALYTICS
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WRPIX

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Benchmark

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Peer Universe

Reference set for percentile ranks and factor bars

Alternatives Funds · 251 total

ANALYTICS
AnalysisScreenerGroups

WRPIX

Allspring Alternative Risk Premia Fund

Expense Ratio
0.74%
AUM
$124M
Inception
2/6/2019
1Y Return
+15.5%68th %ilevs 251 asset-class peers
·

The fund captures alternative risk premia (ARP) by establishing long and short positions in equities, fixed income, currencies, and commodities, directly or through derivatives such as futures and swaps. It targets an annualized volatility of 8% to 10% while maintaining low correlations with traditional asset classes. The investment strategy includes value, momentum, and carry approaches, with up to 15% of net assets potentially invested in a subsidiary focused on commodity-linked derivatives, and gross notional exposure expected to range from 200% to 1200% of net asset value.

Time Series
–

Performance

NameCumulative ReturnAnn. ReturnAnn. VolSharpeMax DD
WRPIX
Allspring Alternative Risk Premia Fund
15.5%15.5%7.4%1.59-4.2%
ⓘ Methodology

ETF performance based on market prices. Drag on chart to select period. Sharpe Ratio uses the one-month T-bill as the risk-free rate. From 10/7/2025 to 10/7/2026.

Trailing Returns

Name
YTD1D5D1M3M6M1Y2Y3Y5YMAX
WRPIX
Allspring Alternative Risk Premia Fund
12.3%0.4%-0.1%2.9%4.9%1.7%15.5%12.3%8.8%7.7%2.9%
ⓘ Methodology

ETF performance based on market prices. Returns for periods greater than one year are annualized. As of 10/7/2026.

Annual Returns

Name
2019202020212022202320242025YTD
WRPIX
Allspring Alternative Risk Premia Fund
-3.6%*-16.8%6.8%10.4%-0.1%11.2%5.4%12.3%
ⓘ Methodology

* partial year — the series ran for only part of it (its first year, or the year it closed); the figure is the return over the part it did run. ETF performance based on market prices. As of 10/7/2026.

Correlation Matrix

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Factor Regression

Name
Ann. αβ MKTβ SMBβ HMLβ RMWβ CMAβ UMDβ iHMLR²Obs
WRPIXGlobal Dev
Allspring Alternative Risk Premia Fund
3.7%0.07-0.33**0.28**-0.25**-0.13-0.04-0.080.15226
ⓘ Methodology

ETF performance based on market prices. Global Dev factor set. Daily OLS of excess return (fund − T-bill) on factor spread returns over the selected date range, intersected with each series' history. Bold with * |t| ≥ 1.96, ** |t| ≥ 2.58. Cell shading tracks each loading's t-stat. Betas are returns-based — compare with the holdings-based factor scores below. Factor returns are long-short spread returns (© Ken French, Dartmouth). Fama-French publishes daily factors for developed markets only, so Dev Ex-US is developed markets excluding the US and Global Dev is developed markets including it; emerging markets, a small share of world market capitalization, are not covered by the source data. From 10/7/2025 to 8/31/2026.

SnapshotAs ofvsⓘ

Fund Profile

Fund Documents(opens the fund company’s site in a new tab)
Family
Registrant
Type
Mutual Fund
Asset Class
Peer Asset Class
Alternatives
Region
Peer Group Benchmark
Prospectus Benchmark
Bloomberg U.S. Aggregate Bond Index
Peer Group
Alts - Alternative Risk Premia (10 peers)
1Y Peer Percentile
50
3Y Peer Percentile
25
Expense Ratio
0.74%
AUM
$124M
3Y Flow
+187.8%
Yield
6.37%
Inception
2/6/2019
Holdings (Reported)
76
Turnover
0%
Equity
1%
Derivatives
-1%
Strategy Summary

The fund captures alternative risk premia (ARP) by establishing long and short positions in equities, fixed income, currencies, and commodities, directly or through derivatives such as futures and swaps. It targets an annualized volatility of 8% to 10% while maintaining low correlations with traditional asset classes. The investment strategy includes value, momentum, and carry approaches, with up to 15% of net assets potentially invested in a subsidiary focused on commodity-linked derivatives, and gross notional exposure expected to range from 200% to 1200% of net asset value.

ⓘ Methodology

Expense ratio and its components from the fund's prospectus fee table. Turnover from the SEC annual report (8/31/2026). Yield as of 10/6/2026, AUM 9/30/2026. Holdings, asset class, style, peer group and exposures as of 6/30/2026. Strategy summary from the fund's prospectus.

Factor DetailsRef: Alternatives Funds

None of the selected metrics are scored for WRPIX — switch the picker to All, or add metrics under Metrics (top right).

ⓘ Methodology

Hover or click for factor definitions. Weighted average of underlying company-level values with weights equal to position size. Solid blue dots mark the fund's position within the clean equity fund universe (5th–95th percentile scale); the shaded band spans the fund's broad class (Alternatives Funds) 25th–75th percentile, notched at the median. Holdings as of 6/30/2026. Stock-level data as of 8/31/2026. Expense ratio, yield, and turnover as of 10/6/2026. AUM as of 9/30/2026.

Holdings

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76 positions (top 10 shown, create for full holdings)

#NameWeight %Country
1Allspring Government Money Mar
41.22
USA
2United States Treasury
16.77
USA
3United States Treasury
16.71
USA
4United States Treasury
16.65
USA
5United States Treasury
2.10
USA
6Goldman Sachs International
0.31
USA
7Goldman Sachs International
0.30
USA
8Goldman Sachs International
0.25
USA
9London Metal Exchange
0.19
GBR
10London Metal Exchange
0.18
GBR
ⓘ Methodology

Sector, country and factor detail need a security match; the share of weight that matched is a member figure, so the rows without one appear here with those columns blank. Holdings as of 6/30/2026. Stock-level data as of 8/31/2026.

ConcentrationRef: Alternatives Funds

Total Holdings76
Effective Holdings3.6
Top 10 Weight94.7%
Max Position41.2%
Top Sector (of Net Assets)96%
Top Country (of Net Assets)95%
ⓘ Methodology

Hover or click for definitions. Solid blue dots mark the fund: percentage rows on a 0–100% scale, holdings counts log-scaled across the clean-universe 5th–95th percentile range. The shaded band spans the fund's broad class (Alternatives Funds) 25th–75th percentile, notched at the median. Holdings as of 6/30/2026.

Peer Group Rank

See All Peer Groups
Metric
WRPIX
Allspring Alternative Risk Premia Fund
Peer Group
10 funds
Peer Asset Class
251 funds
YTD Return
12.27%9.84%607.46%72
1Y Return
15.51%15.19%509.49%68
3Y Return (Ann.)
8.80%11.28%259.39%44
5Y Return (Ann.)
7.65%8.32%255.24%70
Expense Ratiohigher = cheaper
0.74%2.04%601.42%88
ⓘ Methodology

Sparkline's own holdings-based peer taxonomy (17 share classes across 10 funds). One share class shown per fund — the exchange-listed class where the SEC series has one, else its longest-history class; percentile ranks and medians are computed against the same deduped set. Quartile chips fill the layer the fund's rank falls in (top layer = best quartile). Funds without a full return history rank only on the horizons they cover.

Similar Funds

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Nearest funds across the whole universe, by holdings and behavior — the peer taxonomy is ignored, so matches can come from any category.

Top Similarity61
Top Overlap
Top Active Tilt
Top Return Corr
FundPeer Group
1WARAX
Allspring Absolute Return Fund
Alts - Global Macro
Alts - Global Macro
61---
2WGBFX
Allspring Spectrum Moderate Growth Fund
Allocation - Moderate
Allocation - Moderate
54---
3WMBFX
Allspring Spectrum Conservative Growth Fund
Allocation - Conservative
Allocation - Conservative
53---
4WGCFX
Allspring Spectrum Growth Fund
Allocation - Moderate
Allocation - Moderate
53---
5FSCO
FS Credit Opportunities Corp.
Fixed Income - Unconstrained
Fixed Income - Unconstrained
52---
6RYMFX
Guggenheim Managed Futures Strategy Fund
Alts - Managed Futures/CTA
Alts - Managed Futures/CTA
52---
7PFN
PIMCO Income Strategy Fund II
Fixed Income - Core
Fixed Income - Core
51---
8PHK
PIMCO HIGH INCOME FUND
Fixed Income - HY Corporate
Fixed Income - HY Corporate
51---
9LIHAX
BlackRock LifePath Index 2045 Fund
Target Date 2040 & 2045
Target Date 2040 & 2045
51---
10RYMBX
Commodities Strategy Fund
Commodities - Broad
Commodities - Broad
51---

The method columns are members-only — create a free account to see these figures.

ⓘ Methodology

Rows are the consensus top matches (a fund must place in at least two methods' top 250 to qualify, and matches missing more than one of this fund's own methods are not ranked — a row scored on fewer methods is a noisier estimate, not a better match). Click a method column to see that method's own top matches across the whole universe instead. Gray (N) beside each method's metric is that fund's rank in the whole universe on that method. Similarity is a percentile among match-grade fund pairs, 0–100 — 87 means the pair is closer than 87% of the strongest matches in the universe, averaged across the methods — so it compares across funds: index clones tie at the top with thousands of other clone pairs, so scores top out in the high 80s to 90s, while a one-of-a-kind fund's best match can score in the 30s. Rows are ordered by the Consensus Rank — the geometric mean of those universe ranks, shown in each cell's tooltip — and the score is held down the list to the level of the closest match above it, so equal scores mean equally close and the number reads as a floor. A dash means that method has no figure for the pair at all (one of them lacks the holdings or return history it needs). Hover a column header for each method's definition. The “Top…” strips above compare against every fund's own top match across the whole universe (they deliberately don't follow the Peer Universe selector); Top Similarity is simply the best match's score, with no reference band; the Holdings and Active Tilt strips carry no reference band because computing every fund's best book overlap would require a full holdings scan per fund — the dot stands alone on its natural 0–100% scale. One share class shown per fund, and a fund's own sister share classes are excluded from its Top-match strips. Holdings as of 6/30/2026. Consensus Rank is the geometric mean of the match's universe-wide rank across the methods (#1.0 = top match on every one). Holdings Overlap = common-holdings weight (sum of the minimum weight across shared positions, long only). Active Tilt Overlap = the same statistic on active weights (holdings minus the fund's own default benchmark, floored at 0), which strips the benchmark ballast that dominates raw overlap. Return Correlation = correlation of market-hedged daily returns over the trailing two years (CAPM residuals), so only market-beta co-movement is removed; requires ~18 months of daily history (378 of the window's 504 trading days).