DBSC vs. ASCE

Last updated Jun 23, 2026

DBSC (Deepwater Beachfront Small Cap ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. Both are actively managed. A 0.72 correlation means they provide meaningful diversification when combined. DBSC charges 0.85%/yr vs 0.38%/yr for ASCE.

Performance

DBSC vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Deepwater Beachfront Small Cap ETF (DBSC) 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, DBSC achieves a 5.96% return, which is significantly lower than ASCE's 31.27% return.

DBSC

• 1D: 0.00%
• 1M: 0.00%
• YTD: 5.96%
• 6M: 3.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASCE

• 1D: 1.63%
• 1M: 8.80%
• YTD: 31.27%
• 6M: 25.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBSC vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
DBSC Deepwater Beachfront Small Cap ETF	5.96%	-0.86%
ASCE Allspring SMID Core ETF	31.27%	-1.72%

Correlation

The correlation between DBSC and ASCE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025	0.72

Return for Risk

DBSC vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Deepwater Beachfront Small Cap ETF (DBSC) 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

DBSC vs. ASCE - Drawdown Comparison

The maximum DBSC drawdown since its inception was -16.61%, which is greater than ASCE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for DBSC and ASCE.

Drawdown Indicators

	DBSC	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-16.61%	-9.22%	-7.39%
Current Drawdown Current decline from peak	-2.17%	0.00%	-2.17%
Average Drawdown Average peak-to-trough decline	-4.43%	-2.01%	-2.42%

Volatility

Volatility by Period

	DBSC	ASCE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	19.30%	19.66%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.30%	19.66%	-0.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.30%	19.66%	-0.36%

DBSC vs. ASCE - Expense Ratio Comparison

DBSC has a 0.85% expense ratio, which is higher than ASCE's 0.38% expense ratio.

Dividends

DBSC vs. ASCE - Dividend Comparison

DBSC has not paid dividends to shareholders, while ASCE's dividend yield for the trailing twelve months is around 0.16%.

Position	TTM	2025
ASCE Allspring SMID Core ETF	0.16%	0.22%
DBSC Deepwater Beachfront Small Cap ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBSC and ASCE in my portfolio?

DBSC and ASCE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DBSC 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, DBSC or ASCE?

ASCE is cheaper with a 0.38% expense ratio, compared with 0.85% for DBSC.

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

ASCE has the higher dividend yield at 0.16%, compared with 0.00% for DBSC.

What is the main difference between DBSC and ASCE?

They also come from different issuers: Deepwater Asset Management and Allspring. Their fees differ too: 0.85% for DBSC and 0.38% for ASCE.