CPP.L vs. ASCE

Last updated Jul 21, 2026

CPP.L (CPPGroup plc) is a stock, while ASCE (Allspring SMID Core ETF) is Small Cap Blend Equities fund actively managed by Allspring. Over the past year, CPP.L returned -82.72% vs 36.42% for ASCE. At a 0.08 correlation, their price movements are largely independent.

Performance

CPP.L vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in CPPGroup plc (CPP.L) and Allspring SMID Core ETF (ASCE). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

CPP.L is traded in GBp, while ASCE is traded in USD. To make them comparable, the ASCE values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, CPP.L achieves a -70.21% return, which is significantly lower than ASCE's 26.11% return.

CPP.L

• 1D: -20.75%
• 1M: -65.71%
• 6M: -74.23%
• YTD: -70.21%
• 1Y: -82.72%
• 3Y*: -51.54%
• 5Y*: -45.45%
• 10Y*: -28.56%
• ALL TIME*: -34.95%

ASCE

• 1D: 0.29%
• 1M: -4.28%
• 6M: 17.88%
• YTD: 26.11%
• 1Y: 36.42%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 36.54%

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

CPP.L vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
CPP.L CPPGroup plc	-70.21%	-36.20%
ASCE Allspring SMID Core ETF	26.11%	9.36%

Correlation

The correlation between CPP.L and ASCE is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025	0.08

Return for Risk

CPP.L vs. ASCE — Risk / Return Rank

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

CPP.L

CPP.L Risk / Return Rank: 4
CPP.L Sharpe Ratio Rank: 5
CPP.L Sortino Ratio Rank: 4
CPP.L Omega Ratio Rank: 1
CPP.L Calmar Ratio Rank: 5
CPP.L Martin Ratio Rank: 4

ASCE

ASCE Risk / Return Rank: 81
ASCE Sharpe Ratio Rank: 78
ASCE Sortino Ratio Rank: 80
ASCE Omega Ratio Rank: 71
ASCE Calmar Ratio Rank: 90
ASCE Martin Ratio Rank: 84

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.

CPP.L vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CPPGroup plc (CPP.L) 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.

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.

	CPP.L	ASCE	Difference
Sharpe ratio: Return per unit of total volatility	-1.00	1.96	-2.95
Sortino ratio: Return per unit of downside risk	-1.88	2.72	-4.60
Omega ratio: Gain probability vs. loss probability	0.63	1.33	-0.71
Calmar ratio: Return relative to maximum drawdown	-0.95	5.05	-6.00
Martin ratio: Return relative to average drawdown	-1.60	15.18	-16.78

CPP.L vs. ASCE - Sharpe Ratio Comparison

The current CPP.L Sharpe Ratio is -1.00, which is lower than the ASCE Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of CPP.L and ASCE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CPP.L vs. ASCE - Drawdown Comparison

The maximum CPP.L drawdown since its inception was -99.93%, which is greater than ASCE's maximum drawdown of -7.24%. Use the drawdown chart below to compare losses from any high point for CPP.L and ASCE.

Drawdown Indicators

	CPP.L	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-99.93%	-7.24%	-92.69%
Max Drawdown (1Y) Largest decline over 1 year	-87.04%	-7.24%	-79.80%
Max Drawdown (3Y) Largest decline over 3 years	-88.74%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-95.48%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-98.61%	—	—
Current Drawdown Current decline from peak	-99.93%	-5.49%	-94.44%
Average Drawdown Average peak-to-trough decline	-90.12%	-1.62%	-88.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	51.70%	2.41%	+49.29%

Volatility

CPP.L vs. ASCE - Volatility Comparison

CPPGroup plc (CPP.L) has a higher volatility of 61.06% compared to Allspring SMID Core ETF (ASCE) at 5.87%. This indicates that CPP.L's price experiences larger fluctuations and is considered to be riskier than ASCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CPP.L	ASCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	61.06%	5.87%	+55.19%
Volatility (6M) Calculated over the trailing 6-month period	81.79%	13.74%	+68.05%
Volatility (1Y) Calculated over the trailing 1-year period	83.13%	18.73%	+64.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.89%	18.55%	+40.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.87%	18.55%	+51.32%

Dividends

CPP.L vs. ASCE - Dividend Comparison

CPP.L has not paid dividends to shareholders, while ASCE's dividend yield for the trailing twelve months is around 0.17%.

Position	TTM	2025	2024	2023	2022	2021
ASCE Allspring SMID Core ETF	0.17%	0.22%	0.00%	0.00%	0.00%	0.00%
CPP.L CPPGroup plc	0.00%	0.00%	0.00%	0.00%	6.82%	8.45%

Frequently Asked Questions

Can I hold both CPP.L and ASCE in my portfolio?

CPP.L and ASCE have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.