ASCE vs. JMEE

Last updated Jun 4, 2026

ASCE (Allspring SMID Core ETF) and JMEE (JPMorgan Small & Mid Cap Enhanced Equity ETF) are both Small Cap Blend Equities funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. ASCE charges 0.38%/yr vs 0.24%/yr for JMEE.

Performance

ASCE vs. JMEE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring SMID Core ETF (ASCE) and JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE). 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 JMEE's 16.40% return.

ASCE

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

JMEE

• 1D: -0.27%
• 1M: 3.29%
• YTD: 16.40%
• 6M: 16.48%
• 1Y: 31.14%
• 3Y*: 17.37%
• 5Y*: —
• 10Y*: —

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

ASCE vs. JMEE - Yearly Performance Comparison

	2026 (YTD)	2025
ASCE Allspring SMID Core ETF	22.25%	8.61%
JMEE JPMorgan Small & Mid Cap Enhanced Equity ETF	16.40%	7.54%

Correlation

The correlation between ASCE and JMEE is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	0.92

Return for Risk

ASCE vs. JMEE — Risk / Return Rank

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

JMEE

JMEE Risk / Return Rank: 64
JMEE Sharpe Ratio Rank: 58
JMEE Sortino Ratio Rank: 60
JMEE Omega Ratio Rank: 56
JMEE Calmar Ratio Rank: 75
JMEE Martin Ratio Rank: 72

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.

ASCE vs. JMEE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring SMID Core ETF (ASCE) and JPMorgan Small & Mid Cap Enhanced Equity ETF (JMEE). 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	JMEE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.97	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.92	0.72	+1.19

Drawdowns

ASCE vs. JMEE - Drawdown Comparison

The maximum ASCE drawdown since its inception was -9.22%, smaller than the maximum JMEE drawdown of -25.40%. Use the drawdown chart below to compare losses from any high point for ASCE and JMEE.

Drawdown Indicators

	ASCE	JMEE	Difference
Max Drawdown Largest peak-to-trough decline	-9.22%	-25.40%	+16.18%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.24%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-25.40%	—
Current Drawdown Current decline from peak	-0.38%	-0.27%	-0.11%
Average Drawdown Average peak-to-trough decline	-2.10%	-5.39%	+3.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.34%	—

Volatility

Volatility by Period

	ASCE	JMEE	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.26%	—
Volatility (1Y) Calculated over the trailing 1-year period	19.25%	15.90%	+3.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	19.50%	-0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	19.50%	-0.25%

ASCE vs. JMEE - Expense Ratio Comparison

ASCE has a 0.38% expense ratio, which is higher than JMEE's 0.24% expense ratio.

Dividends

ASCE vs. JMEE - Dividend Comparison

ASCE's dividend yield for the trailing twelve months is around 0.18%, less than JMEE's 0.97% yield.

Position	TTM	2025	2024	2023	2022
ASCE Allspring SMID Core ETF	0.18%	0.22%	0.00%	0.00%	0.00%
JMEE JPMorgan Small & Mid Cap Enhanced Equity ETF	0.97%	1.13%	0.95%	1.25%	6.63%

Frequently Asked Questions

Can I hold both ASCE and JMEE in my portfolio?

With a correlation of 0.92, ASCE and JMEE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, ASCE or JMEE?

On fees, JMEE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ASCE or JMEE?

JMEE is cheaper with a 0.24% expense ratio, compared with 0.38% for ASCE.

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

JMEE has the higher dividend yield at 0.97%, compared with 0.18% for ASCE.

What is the main difference between ASCE and JMEE?

They also come from different issuers: Allspring and JPMorgan. Their fees differ too: 0.38% for ASCE and 0.24% for JMEE.