ASCE vs. ALRG

Last updated Jun 4, 2026

ASCE (Allspring SMID Core ETF) and ALRG (Allspring LT Large Core ETF) are both exchange-traded funds - ASCE is a Small Cap Blend Equities fund actively managed by Allspring, while ALRG is a Large Cap Blend Equities fund actively managed by Allspring. Both are actively managed. A 0.76 correlation means they provide meaningful diversification when combined. ASCE charges 0.38%/yr vs 0.28%/yr for ALRG.

Performance

ASCE vs. ALRG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring SMID Core ETF (ASCE) and Allspring LT Large Core ETF (ALRG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASCE achieves a 22.25% return, which is significantly higher than ALRG's 9.39% return.

ASCE

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

ALRG

• 1D: -0.66%
• 1M: 3.23%
• YTD: 9.39%
• 6M: 9.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASCE vs. ALRG - Yearly Performance Comparison

	2026 (YTD)	2025
ASCE Allspring SMID Core ETF	22.25%	8.61%
ALRG Allspring LT Large Core ETF	9.39%	11.95%

Correlation

The correlation between ASCE and ALRG is 0.76, 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	0.76

Return for Risk

ASCE vs. ALRG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring SMID Core ETF (ASCE) and Allspring LT Large Core ETF (ALRG). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ASCE	ALRG	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.92	2.01	-0.09

Drawdowns

ASCE vs. ALRG - Drawdown Comparison

The maximum ASCE drawdown since its inception was -9.22%, roughly equal to the maximum ALRG drawdown of -9.27%. Use the drawdown chart below to compare losses from any high point for ASCE and ALRG.

Drawdown Indicators

	ASCE	ALRG	Difference
Max Drawdown Largest peak-to-trough decline	-9.22%	-9.27%	+0.05%
Current Drawdown Current decline from peak	-0.38%	-0.66%	+0.28%
Average Drawdown Average peak-to-trough decline	-2.10%	-1.30%	-0.80%

Volatility

Volatility by Period

	ASCE	ALRG	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.25%	12.52%	+6.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	12.52%	+6.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	12.52%	+6.73%

ASCE vs. ALRG - Expense Ratio Comparison

ASCE has a 0.38% expense ratio, which is higher than ALRG's 0.28% expense ratio.

Dividends

ASCE vs. ALRG - Dividend Comparison

ASCE's dividend yield for the trailing twelve months is around 0.18%, less than ALRG's 0.43% yield.

Position	TTM	2025
ALRG Allspring LT Large Core ETF	0.43%	0.47%
ASCE Allspring SMID Core ETF	0.18%	0.22%

Frequently Asked Questions

Can I hold both ASCE and ALRG in my portfolio?

ASCE and ALRG have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ASCE or ALRG?

On fees, ALRG is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASCE or ALRG?

ALRG is cheaper with a 0.28% expense ratio, compared with 0.38% for ASCE.

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

ALRG has the higher dividend yield at 0.43%, compared with 0.18% for ASCE.

What is the main difference between ASCE and ALRG?

ASCE is categorized as Small Cap Blend Equities, while ALRG is Large Cap Blend Equities. Their fees differ too: 0.38% for ASCE and 0.28% for ALRG.