ASCE vs. DBSC

Last updated Jun 4, 2026

ASCE (Allspring SMID Core ETF) and DBSC (Deepwater Beachfront Small Cap ETF) are both Small Cap Blend Equities funds. Both are actively managed. A 0.79 correlation means they provide meaningful diversification when combined. ASCE charges 0.38%/yr vs 0.85%/yr for DBSC.

Performance

ASCE vs. DBSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring SMID Core ETF (ASCE) and Deepwater Beachfront Small Cap ETF (DBSC). 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 DBSC's 5.96% return.

ASCE

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

DBSC

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.96%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASCE vs. DBSC - Yearly Performance Comparison

	2026 (YTD)	2025
ASCE Allspring SMID Core ETF	22.25%	-1.23%
DBSC Deepwater Beachfront Small Cap ETF	5.96%	-0.65%

Correlation

The correlation between ASCE and DBSC is 0.79, 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 Dec 17, 2025	0.79

Return for Risk

ASCE vs. DBSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring SMID Core ETF (ASCE) and Deepwater Beachfront Small Cap ETF (DBSC). 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	DBSC	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.92	0.59	+1.33

Drawdowns

ASCE vs. DBSC - Drawdown Comparison

The maximum ASCE drawdown since its inception was -9.22%, smaller than the maximum DBSC drawdown of -16.61%. Use the drawdown chart below to compare losses from any high point for ASCE and DBSC.

Drawdown Indicators

	ASCE	DBSC	Difference
Max Drawdown Largest peak-to-trough decline	-9.22%	-16.61%	+7.39%
Current Drawdown Current decline from peak	-0.38%	-2.17%	+1.79%
Average Drawdown Average peak-to-trough decline	-2.10%	-4.69%	+2.59%

Volatility

Volatility by Period

	ASCE	DBSC	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.25%	20.36%	-1.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	20.36%	-1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	20.36%	-1.11%

ASCE vs. DBSC - Expense Ratio Comparison

ASCE has a 0.38% expense ratio, which is lower than DBSC's 0.85% expense ratio.

Dividends

ASCE vs. DBSC - Dividend Comparison

ASCE's dividend yield for the trailing twelve months is around 0.18%, while DBSC has not paid dividends to shareholders.

Position	TTM	2025
ASCE Allspring SMID Core ETF	0.18%	0.22%
DBSC Deepwater Beachfront Small Cap ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both ASCE and DBSC in my portfolio?

ASCE and DBSC have a correlation of 0.79, 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 DBSC?

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, ASCE or DBSC?

ASCE is cheaper with a 0.38% expense ratio, compared with 0.85% for DBSC.

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

ASCE has the higher dividend yield at 0.18%, compared with 0.00% for DBSC.

What is the main difference between ASCE and DBSC?

They also come from different issuers: Allspring and Deepwater Asset Management. Their fees differ too: 0.38% for ASCE and 0.85% for DBSC.