ASCE vs. SCOW

Last updated Jun 4, 2026

ASCE (Allspring SMID Core ETF) and SCOW (Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF) are both Small Cap Blend Equities funds. ASCE is actively managed, while SCOW is passively managed. A 0.72 correlation means they provide meaningful diversification when combined. ASCE charges 0.38%/yr vs 0.59%/yr for SCOW.

Performance

ASCE vs. SCOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring SMID Core ETF (ASCE) and Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF (SCOW). 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 SCOW's 6.60% return.

ASCE

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

SCOW

• 1D: -1.46%
• 1M: 2.00%
• YTD: 6.60%
• 6M: 5.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASCE vs. SCOW - Yearly Performance Comparison

	2026 (YTD)	2025
ASCE Allspring SMID Core ETF	22.25%	0.58%
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF	6.60%	-2.05%

Correlation

The correlation between ASCE and SCOW is 0.72, 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 Aug 29, 2025	0.72

Return for Risk

ASCE vs. SCOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring SMID Core ETF (ASCE) and Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF (SCOW). 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	SCOW	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.92	0.35	+1.57

Drawdowns

ASCE vs. SCOW - Drawdown Comparison

The maximum ASCE drawdown since its inception was -9.22%, smaller than the maximum SCOW drawdown of -10.09%. Use the drawdown chart below to compare losses from any high point for ASCE and SCOW.

Drawdown Indicators

	ASCE	SCOW	Difference
Max Drawdown Largest peak-to-trough decline	-9.22%	-10.09%	+0.87%
Current Drawdown Current decline from peak	-0.38%	-1.46%	+1.08%
Average Drawdown Average peak-to-trough decline	-2.10%	-3.20%	+1.10%

Volatility

Volatility by Period

	ASCE	SCOW	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.25%	16.94%	+2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	16.94%	+2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.25%	16.94%	+2.31%

ASCE vs. SCOW - Expense Ratio Comparison

ASCE has a 0.38% expense ratio, which is lower than SCOW's 0.59% expense ratio.

Dividends

ASCE vs. SCOW - Dividend Comparison

ASCE's dividend yield for the trailing twelve months is around 0.18%, less than SCOW's 0.27% yield.

Position	TTM	2025
ASCE Allspring SMID Core ETF	0.18%	0.22%
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF	0.27%	0.17%

Frequently Asked Questions

Can I hold both ASCE and SCOW in my portfolio?

ASCE and SCOW have a correlation of 0.72, 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 SCOW?

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 SCOW?

ASCE is cheaper with a 0.38% expense ratio, compared with 0.59% for SCOW.

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

SCOW has the higher dividend yield at 0.27%, compared with 0.18% for ASCE.

What is the main difference between ASCE and SCOW?

They also come from different issuers: Allspring and Pacer. Their fees differ too: 0.38% for ASCE and 0.59% for SCOW.