ASCE vs. RB

Last updated Jun 4, 2026

ASCE (Allspring SMID Core ETF) and RB (ProShares Russell 2000 Dynamic Daily Buffer ETF) are both exchange-traded funds - ASCE is a Small Cap Blend Equities fund actively managed by Allspring, while RB is a Defined Outcome fund tracking the Russell 2000. ASCE is actively managed, while RB is passively managed. A 0.74 correlation means they provide meaningful diversification when combined. ASCE charges 0.38%/yr vs 0.58%/yr for RB.

Performance

ASCE vs. RB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring SMID Core ETF (ASCE) and ProShares Russell 2000 Dynamic Daily Buffer ETF (RB). 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 RB's 6.76% return.

ASCE

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

RB

• 1D: -0.17%
• 1M: 1.63%
• YTD: 6.76%
• 6M: 8.48%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASCE vs. RB - Yearly Performance Comparison

	2026 (YTD)	2025
ASCE Allspring SMID Core ETF	22.25%	8.61%
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	6.76%	9.77%

Correlation

The correlation between ASCE and RB is 0.74, 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	0.74

Return for Risk

ASCE vs. RB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring SMID Core ETF (ASCE) and ProShares Russell 2000 Dynamic Daily Buffer ETF (RB). 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	RB	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.92	3.15	-1.23

Drawdowns

ASCE vs. RB - Drawdown Comparison

The maximum ASCE drawdown since its inception was -9.22%, which is greater than RB's maximum drawdown of -1.70%. Use the drawdown chart below to compare losses from any high point for ASCE and RB.

Drawdown Indicators

	ASCE	RB	Difference
Max Drawdown Largest peak-to-trough decline	-9.22%	-1.70%	-7.52%
Current Drawdown Current decline from peak	-0.38%	-0.47%	+0.09%
Average Drawdown Average peak-to-trough decline	-2.10%	-0.41%	-1.69%

Volatility

Volatility by Period

	ASCE	RB	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.25%	6.21%	+13.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	6.21%	+13.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	6.21%	+13.04%

ASCE vs. RB - Expense Ratio Comparison

ASCE has a 0.38% expense ratio, which is lower than RB's 0.58% expense ratio.

Dividends

ASCE vs. RB - Dividend Comparison

ASCE's dividend yield for the trailing twelve months is around 0.18%, less than RB's 2.00% yield.

Position	TTM	2025
ASCE Allspring SMID Core ETF	0.18%	0.22%
RB ProShares Russell 2000 Dynamic Daily Buffer ETF	2.00%	1.78%

Frequently Asked Questions

Can I hold both ASCE and RB in my portfolio?

ASCE and RB have a correlation of 0.74, 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 RB?

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 RB?

ASCE is cheaper with a 0.38% expense ratio, compared with 0.58% for RB.

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

RB has the higher dividend yield at 2.00%, compared with 0.18% for ASCE.

What is the main difference between ASCE and RB?

ASCE is categorized as Small Cap Blend Equities, while RB is Defined Outcome. They also come from different issuers: Allspring and ProShares. Their fees differ too: 0.38% for ASCE and 0.58% for RB.