CVSM vs. ASCE

Last updated Jul 8, 2026

CVSM (CresAlta Small & Mid-Cap ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. Both are actively managed. At a 0.48 correlation, their price movements are largely independent. CVSM charges 0.55%/yr vs 0.38%/yr for ASCE.

Performance

CVSM vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in CresAlta Small & Mid-Cap ETF (CVSM) and Allspring SMID Core ETF (ASCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

CVSM

• 1D: -0.20%
• 1M: 1.76%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASCE

• 1D: -1.04%
• 1M: 4.52%
• 6M: 22.92%
• YTD: 27.58%
• 1Y: 38.37%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CVSM vs. ASCE - Yearly Performance Comparison

	2026 (YTD)
CVSM CresAlta Small & Mid-Cap ETF	3.84%
ASCE Allspring SMID Core ETF	8.60%

Correlation

The correlation between CVSM and ASCE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 18, 2026	0.48

Return for Risk

CVSM vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for CresAlta Small & Mid-Cap ETF (CVSM) 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.

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

Drawdowns

CVSM vs. ASCE - Drawdown Comparison

The maximum CVSM drawdown since its inception was -3.36%, smaller than the maximum ASCE drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for CVSM and ASCE.

Drawdown Indicators

	CVSM	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-3.36%	-9.22%	+5.86%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.22%	—
Current Drawdown Current decline from peak	-0.80%	-2.81%	+2.01%
Average Drawdown Average peak-to-trough decline	-0.92%	-2.01%	+1.09%

Volatility

Volatility by Period

	CVSM	ASCE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	19.67%	-8.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.23%	19.67%	-8.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.23%	19.67%	-8.44%

CVSM vs. ASCE - Expense Ratio Comparison

CVSM has a 0.55% expense ratio, which is higher than ASCE's 0.38% expense ratio.

Dividends

CVSM vs. ASCE - Dividend Comparison

CVSM's dividend yield for the trailing twelve months is around 0.23%, more than ASCE's 0.17% yield.

Position	TTM	2025
ASCE Allspring SMID Core ETF	0.17%	0.22%
CVSM CresAlta Small & Mid-Cap ETF	0.23%	0.00%

Frequently Asked Questions

Can I hold both CVSM and ASCE in my portfolio?

CVSM and ASCE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CVSM or ASCE?

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, CVSM or ASCE?

ASCE is cheaper with a 0.38% expense ratio, compared with 0.55% for CVSM.

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

CVSM has the higher dividend yield at 0.23%, compared with 0.17% for ASCE.

What is the main difference between CVSM and ASCE?

They also come from different issuers: CresAlta and Allspring. Their fees differ too: 0.55% for CVSM and 0.38% for ASCE.