ASCE vs. MJ
ASCE (Allspring SMID Core ETF) and MJ (ETFMG Alternative Harvest ETF) are both Small Cap Blend Equities funds. ASCE is actively managed, while MJ is passively managed. At a 0.37 correlation, their price movements are largely independent. ASCE charges 0.38%/yr vs 0.75%/yr for MJ.
Performance
ASCE vs. MJ - Performance Comparison
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Returns By Period
In the year-to-date period, ASCE achieves a 22.25% return, which is significantly higher than MJ's -14.07% return.
ASCE
- 1D
- -0.38%
- 1M
- 5.38%
- YTD
- 22.25%
- 6M
- 21.06%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MJ
- 1D
- -3.25%
- 1M
- -5.09%
- YTD
- -14.07%
- 6M
- 1.76%
- 1Y
- 40.95%
- 3Y*
- -7.86%
- 5Y*
- -35.31%
- 10Y*
- —
ASCE vs. MJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASCE Allspring SMID Core ETF | 22.25% | 8.61% |
MJ ETFMG Alternative Harvest ETF | -14.07% | 51.59% |
Correlation
The correlation between ASCE and MJ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.37 |
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Return for Risk
ASCE vs. MJ — Risk / Return Rank
ASCE
MJ
ASCE vs. MJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring SMID Core ETF (ASCE) and ETFMG Alternative Harvest ETF (MJ). 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.
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Sharpe Ratios by Period
| ASCE | MJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.47 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.59 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.92 | -0.48 | +2.40 |
Drawdowns
ASCE vs. MJ - Drawdown Comparison
The maximum ASCE drawdown since its inception was -9.22%, smaller than the maximum MJ drawdown of -96.55%. Use the drawdown chart below to compare losses from any high point for ASCE and MJ.
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Drawdown Indicators
| ASCE | MJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.22% | -96.55% | +87.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -48.66% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -69.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -93.27% | — |
Current DrawdownCurrent decline from peak | -0.38% | -94.45% | +94.07% |
Average DrawdownAverage peak-to-trough decline | -2.10% | -69.20% | +67.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 27.08% | — |
Volatility
ASCE vs. MJ - Volatility Comparison
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Volatility by Period
| ASCE | MJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 11.92% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 59.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.25% | 86.70% | -67.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.25% | 59.89% | -40.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.25% | 55.74% | -36.49% |
ASCE vs. MJ - Expense Ratio Comparison
ASCE has a 0.38% expense ratio, which is lower than MJ's 0.75% expense ratio.
Dividends
ASCE vs. MJ - Dividend Comparison
ASCE's dividend yield for the trailing twelve months is around 0.18%, less than MJ's 2.31% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
ASCE Allspring SMID Core ETF | 0.18% | 0.22% | 0.00% |
MJ ETFMG Alternative Harvest ETF | 2.31% | 1.98% | 13.80% |
Frequently Asked Questions
ASCE and MJ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ASCE is cheaper with a 0.38% expense ratio, compared with 0.75% for MJ.
MJ has the higher dividend yield at 2.31%, compared with 0.18% for ASCE.
They also come from different issuers: Allspring and ETFMG. Their fees differ too: 0.38% for ASCE and 0.75% for MJ.
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