ASCE vs. SYZ

Last updated Jun 24, 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 0.89 suggests significant overlap in exposure. 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 28.36% return, which is significantly higher than SYZ's 19.52% return.

ASCE

• 1D: -2.21%
• 1M: 6.39%
• YTD: 28.36%
• 6M: 23.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SYZ

• 1D: -0.80%
• 1M: 3.17%
• YTD: 19.52%
• 6M: 17.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASCE vs. SYZ - Yearly Performance Comparison

	2026 (YTD)	2025
ASCE Allspring SMID Core ETF	28.36%	0.62%
SYZ Lazard US Systematic Small Cap Equity ETF	19.52%	0.54%

Correlation

The correlation between ASCE and SYZ is 0.89, 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 Sep 15, 2025	0.89

Return for Risk

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.

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

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%
Current Drawdown Current decline from peak	-2.21%	-0.80%	-1.41%
Average Drawdown Average peak-to-trough decline	-2.02%	-2.01%	-0.01%

Volatility

Volatility by Period

	ASCE	SYZ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.77%	16.89%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.77%	16.89%	+2.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.77%	16.89%	+2.88%

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 0.89, 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.