ABLS vs. ASCE

Last updated Jun 4, 2026

ABLS (Abacus FCF Small Cap Leaders ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. ABLS is passively managed, while ASCE is actively managed. A 0.71 correlation means they provide meaningful diversification when combined. ABLS charges 0.39%/yr vs 0.38%/yr for ASCE.

Performance

ABLS vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Abacus FCF Small Cap Leaders ETF (ABLS) and Allspring SMID Core ETF (ASCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ABLS achieves a 2.75% return, which is significantly lower than ASCE's 22.25% return.

ABLS

• 1D: -0.92%
• 1M: 0.47%
• YTD: 2.75%
• 6M: -0.23%
• 1Y: 0.04%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASCE

• 1D: -0.38%
• 1M: 5.38%
• YTD: 22.25%
• 6M: 21.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ABLS vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
ABLS Abacus FCF Small Cap Leaders ETF	2.75%	-4.65%
ASCE Allspring SMID Core ETF	22.25%	8.61%

Correlation

The correlation between ABLS and ASCE is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.71

Return for Risk

ABLS vs. ASCE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ABLS

ABLS Risk / Return Rank: 9
ABLS Sharpe Ratio Rank: 9
ABLS Sortino Ratio Rank: 9
ABLS Omega Ratio Rank: 9
ABLS Calmar Ratio Rank: 9
ABLS Martin Ratio Rank: 9

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.

ABLS vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Abacus FCF Small Cap Leaders ETF (ABLS) and Allspring SMID Core ETF (ASCE). 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.

	ABLS	ASCE	Difference
Sharpe ratio: Return per unit of total volatility	0.00	—	—
Sortino ratio: Return per unit of downside risk	0.13	—	—
Omega ratio: Gain probability vs. loss probability	1.01	—	—
Calmar ratio: Return relative to maximum drawdown	0.00	—	—
Martin ratio: Return relative to average drawdown	0.01	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ABLS	ASCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.23	1.92	-2.15

Drawdowns

ABLS vs. ASCE - Drawdown Comparison

The maximum ABLS drawdown since its inception was -19.28%, which is greater than ASCE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for ABLS and ASCE.

Drawdown Indicators

	ABLS	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-19.28%	-9.22%	-10.06%
Max Drawdown (1Y) Largest decline over 1 year	-16.19%	—	—
Current Drawdown Current decline from peak	-6.21%	-0.38%	-5.83%
Average Drawdown Average peak-to-trough decline	-8.45%	-2.10%	-6.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.82%	—	—

Volatility

Volatility by Period

	ABLS	ASCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.68%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.35%	19.25%	-1.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.25%	19.25%	+2.00%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.25%	19.25%	+2.00%

ABLS vs. ASCE - Expense Ratio Comparison

ABLS has a 0.39% expense ratio, which is higher than ASCE's 0.38% expense ratio.

Dividends

ABLS vs. ASCE - Dividend Comparison

ABLS's dividend yield for the trailing twelve months is around 13.68%, more than ASCE's 0.18% yield.

Position	TTM	2025
ABLS Abacus FCF Small Cap Leaders ETF	13.68%	14.04%
ASCE Allspring SMID Core ETF	0.18%	0.22%

Frequently Asked Questions

Can I hold both ABLS and ASCE in my portfolio?

ABLS and ASCE have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ABLS or ASCE?

On fees, ASCE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ABLS or ASCE?

ASCE is cheaper with a 0.38% expense ratio, compared with 0.39% for ABLS.

Which ETF pays a higher dividend yield, ABLS or ASCE?

ABLS has the higher dividend yield at 13.68%, compared with 0.18% for ASCE.

What is the main difference between ABLS and ASCE?

They also come from different issuers: Abacus and Allspring. Their fees differ too: 0.39% for ABLS and 0.38% for ASCE.