ASCE vs. SYZ

Last updated Aug 4, 2026

ASCE (Allspring SMID Core ETF) and SYZ (Lazard US Systematic Small Cap Equity ETF) are both Small Cap Blend Equities funds. Both are actively managed. Their correlation of 0.88 means they have usually moved in the same direction. ASCE charges 0.38%/yr vs 0.60%/yr for SYZ.

Performance

ASCE vs. SYZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring SMID Core ETF (ASCE) and Lazard US Systematic Small Cap Equity ETF (SYZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASCE achieves a 29.71% return, which is significantly higher than SYZ's 21.14% return.

ASCE

• 1D: 2.05%
• 1M: 1.84%
• 6M: 22.15%
• YTD: 29.71%
• 1Y: 43.18%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 37.55%

SYZ

• 1D: 1.43%
• 1M: 0.85%
• 6M: 13.90%
• YTD: 21.14%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASCE Allspring SMID Core ETF	$5.35M	$3.61M	$2.13M
SYZ Lazard US Systematic Small Cap Equity ETF	$73.98K	$62.65K	$83.11K

ASCE vs. SYZ - Yearly Performance Comparison

	2026 (YTD)	2025
ASCE Allspring SMID Core ETF	29.71%	0.62%
SYZ Lazard US Systematic Small Cap Equity ETF	21.14%	0.54%

Correlation

The correlation between ASCE and SYZ is 0.88, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 15, 2025	0.88

Return for Risk

ASCE vs. SYZ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ASCE

ASCE Risk / Return Rank: 86
ASCE Sharpe Ratio Rank: 86
ASCE Sortino Ratio Rank: 86
ASCE Omega Ratio Rank: 79
ASCE Calmar Ratio Rank: 93
ASCE Martin Ratio Rank: 88

SYZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ASCE vs. SYZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring SMID Core ETF (ASCE) and Lazard US Systematic Small Cap Equity ETF (SYZ). 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	SYZ	Difference
Sharpe ratio: Return per unit of total volatility	2.17	—	—
Sortino ratio: Return per unit of downside risk	3.12	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	4.71	—	—
Martin ratio: Return relative to average drawdown	14.18	—	—

Drawdowns

ASCE vs. SYZ - Drawdown Comparison

The maximum ASCE drawdown since its inception was -9.22%, which is greater than SYZ's maximum drawdown of -8.00%. Use the drawdown chart below to compare losses from any high point for ASCE and SYZ.

Drawdown Indicators

	ASCE	SYZ	Difference
Max Drawdown Largest peak-to-trough decline	-9.22%	-8.00%	-1.22%
Max Drawdown (1Y) Largest decline over 1 year	-9.22%	—	—
Current Drawdown Current decline from peak	-1.19%	-1.22%	+0.03%
Average Drawdown Average peak-to-trough decline	-2.11%	-2.01%	-0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	—	—

Volatility

Volatility by Period

	ASCE	SYZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.78%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.28%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.99%	16.47%	+3.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.68%	16.47%	+3.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.68%	16.47%	+3.21%

ASCE vs. SYZ - Expense Ratio Comparison

ASCE has a 0.38% expense ratio, which is lower than SYZ's 0.60% expense ratio.

Dividends

ASCE vs. SYZ - Dividend Comparison

ASCE's dividend yield for the trailing twelve months is around 0.17%, less than SYZ's 0.24% yield.

Position	TTM	2025
ASCE Allspring SMID Core ETF	0.17%	0.22%
SYZ Lazard US Systematic Small Cap Equity ETF	0.24%	0.00%

Frequently Asked Questions

Can I hold both ASCE and SYZ in my portfolio?

ASCE and SYZ have a correlation of 0.88, 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 SYZ?

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 SYZ?

ASCE is cheaper with a 0.38% expense ratio, compared with 0.60% for SYZ.

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

SYZ has the higher dividend yield at 0.24%, compared with 0.17% for ASCE.

What is the main difference between ASCE and SYZ?

They also come from different issuers: Allspring and Lazard. Their fees differ too: 0.38% for ASCE and 0.60% for SYZ.