ASCE vs. SCHA
ASCE (Allspring SMID Core ETF) and SCHA (Schwab U.S. Small-Cap ETF) are both Small Cap Blend Equities funds. ASCE is actively managed, while SCHA is passively managed. Their correlation of 0.91 suggests significant overlap in exposure. ASCE charges 0.38%/yr vs 0.04%/yr for SCHA.
Performance
ASCE vs. SCHA - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ASCE achieves a 28.36% return, which is significantly higher than SCHA's 22.53% return.
ASCE
- 1D
- -2.21%
- 1M
- 6.39%
- YTD
- 28.36%
- 6M
- 23.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SCHA
- 1D
- -1.72%
- 1M
- 4.56%
- YTD
- 22.53%
- 6M
- 20.00%
- 1Y
- 41.81%
- 3Y*
- 19.85%
- 5Y*
- 7.30%
- 10Y*
- 11.72%
ASCE vs. SCHA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ASCE Allspring SMID Core ETF | 28.36% | 8.46% |
SCHA Schwab U.S. Small-Cap ETF | 22.53% | 11.54% |
Correlation
The correlation between ASCE and SCHA is 0.91, 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 8, 2025 | 0.91 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ASCE vs. SCHA — Risk / Return Rank
ASCE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
SCHA
ASCE vs. SCHA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring SMID Core ETF (ASCE) and Schwab U.S. Small-Cap ETF (SCHA). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASCE | SCHA | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.37 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.42 | — |
| Martin ratioReturn relative to average drawdown | — | 16.18 | — |
Loading charts...
Drawdowns
ASCE vs. SCHA - Drawdown Comparison
The maximum ASCE drawdown since its inception was -9.22%, smaller than the maximum SCHA drawdown of -42.41%. Use the drawdown chart below to compare losses from any high point for ASCE and SCHA.
Loading charts...
Drawdown Indicators
| ASCE | SCHA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.22% | -42.41% | +33.19% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.50% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.29% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.79% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.41% | — |
Current DrawdownCurrent decline from peak | -2.21% | -1.72% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -2.02% | -7.56% | +5.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.59% | — |
Volatility
ASCE vs. SCHA - Volatility Comparison
Loading charts...
Volatility by Period
| ASCE | SCHA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.71% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 13.92% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.77% | 18.77% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.77% | 22.05% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 22.75% | -2.98% |
ASCE vs. SCHA - Expense Ratio Comparison
ASCE has a 0.38% expense ratio, which is higher than SCHA's 0.04% expense ratio.
Dividends
ASCE vs. SCHA - Dividend Comparison
ASCE's dividend yield for the trailing twelve months is around 0.17%, less than SCHA's 0.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASCE Allspring SMID Core ETF | 0.17% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SCHA Schwab U.S. Small-Cap ETF | 0.98% | 1.26% | 1.51% | 1.42% | 1.37% | 1.19% | 1.05% | 1.39% | 1.58% | 1.24% | 1.50% | 1.48% |
Frequently Asked Questions
With a correlation of 0.91, ASCE and SCHA 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.
On fees, SCHA is cheaper at 0.04% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SCHA is cheaper with a 0.04% expense ratio, compared with 0.38% for ASCE.
SCHA has the higher dividend yield at 0.98%, compared with 0.17% for ASCE.
They also come from different issuers: Allspring and Charles Schwab. Their fees differ too: 0.38% for ASCE and 0.04% for SCHA.
Find the right allocation for ASCE and SCHA
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer