BBSC vs. ASCE

Last updated Jun 4, 2026

BBSC (JPMorgan BetaBuilders U.S. Small Cap Equity ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. BBSC is passively managed, while ASCE is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. BBSC charges 0.09%/yr vs 0.38%/yr for ASCE.

Performance

BBSC vs. ASCE - Performance Comparison

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

Returns By Period

In the year-to-date period, BBSC achieves a 15.75% return, which is significantly lower than ASCE's 22.25% return.

BBSC

• 1D: -1.11%
• 1M: 2.71%
• YTD: 15.75%
• 6M: 14.20%
• 1Y: 35.98%
• 3Y*: 17.34%
• 5Y*: 6.64%
• 10Y*: —

ASCE

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

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

BBSC vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF	15.75%	10.73%
ASCE Allspring SMID Core ETF	22.25%	8.61%

Correlation

The correlation between BBSC and ASCE 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 9, 2025	0.91

Return for Risk

BBSC vs. ASCE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BBSC

BBSC Risk / Return Rank: 61
BBSC Sharpe Ratio Rank: 55
BBSC Sortino Ratio Rank: 56
BBSC Omega Ratio Rank: 50
BBSC Calmar Ratio Rank: 75
BBSC Martin Ratio Rank: 67

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBSC vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan BetaBuilders U.S. Small Cap Equity ETF (BBSC) and Allspring SMID Core ETF (ASCE). 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.

	BBSC	ASCE	Difference
Sharpe ratio: Return per unit of total volatility	1.90	—	—
Sortino ratio: Return per unit of downside risk	2.70	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	3.79	—	—
Martin ratio: Return relative to average drawdown	12.35	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	BBSC	ASCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.90	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.49	1.92	-1.43

Drawdowns

BBSC vs. ASCE - Drawdown Comparison

The maximum BBSC drawdown since its inception was -30.96%, which is greater than ASCE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for BBSC and ASCE.

Drawdown Indicators

	BBSC	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-30.96%	-9.22%	-21.74%
Max Drawdown (1Y) Largest decline over 1 year	-9.54%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-29.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-30.96%	—	—
Current Drawdown Current decline from peak	-1.48%	-0.38%	-1.10%
Average Drawdown Average peak-to-trough decline	-11.49%	-2.10%	-9.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.92%	—	—

Volatility

Volatility by Period

	BBSC	ASCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.98%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.12%	19.25%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.93%	19.25%	+3.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.86%	19.25%	+3.61%

BBSC vs. ASCE - Expense Ratio Comparison

BBSC has a 0.09% expense ratio, which is lower than ASCE's 0.38% expense ratio.

Dividends

BBSC vs. ASCE - Dividend Comparison

BBSC's dividend yield for the trailing twelve months is around 1.03%, more than ASCE's 0.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ASCE Allspring SMID Core ETF	0.18%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%
BBSC JPMorgan BetaBuilders U.S. Small Cap Equity ETF	1.03%	1.13%	1.29%	1.58%	1.37%	1.06%	0.18%

Frequently Asked Questions

Can I hold both BBSC and ASCE in my portfolio?

With a correlation of 0.91, BBSC and ASCE 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.

Which ETF is better, BBSC or ASCE?

On fees, BBSC is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBSC or ASCE?

BBSC is cheaper with a 0.09% expense ratio, compared with 0.38% for ASCE.

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

BBSC has the higher dividend yield at 1.03%, compared with 0.18% for ASCE.

What is the main difference between BBSC and ASCE?

They also come from different issuers: JPMorgan and Allspring. Their fees differ too: 0.09% for BBSC and 0.38% for ASCE.