EES vs. ASCE

Last updated Jun 4, 2026

EES (WisdomTree U.S. SmallCap Fund) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. EES is passively managed, while ASCE is actively managed. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.38% expense ratio.

Performance

EES vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree U.S. SmallCap Fund (EES) 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, EES achieves a 12.00% return, which is significantly lower than ASCE's 22.25% return.

EES

• 1D: -1.53%
• 1M: 0.47%
• YTD: 12.00%
• 6M: 11.97%
• 1Y: 29.80%
• 3Y*: 15.30%
• 5Y*: 6.23%
• 10Y*: 10.68%

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)

EES vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
EES WisdomTree U.S. SmallCap Fund	12.00%	8.51%
ASCE Allspring SMID Core ETF	22.25%	8.61%

Correlation

The correlation between EES and ASCE is 0.82, 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	0.82

Return for Risk

EES vs. ASCE — Risk / Return Rank

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

EES

EES Risk / Return Rank: 57
EES Sharpe Ratio Rank: 49
EES Sortino Ratio Rank: 52
EES Omega Ratio Rank: 48
EES Calmar Ratio Rank: 75
EES Martin Ratio Rank: 62

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.

EES vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree U.S. SmallCap Fund (EES) 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.

	EES	ASCE	Difference
Sharpe ratio Return per unit of total volatility	1.72	—	—
Sortino ratio Return per unit of downside risk	2.51	—	—
Omega ratio Gain probability vs. loss probability	1.30	—	—
Calmar ratio Return relative to maximum drawdown	3.75	—	—
Martin ratio Return relative to average drawdown	11.05	—	—
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

	EES	ASCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.72	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	1.92	-1.57

Drawdowns

EES vs. ASCE - Drawdown Comparison

The maximum EES drawdown since its inception was -63.66%, which is greater than ASCE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for EES and ASCE.

Drawdown Indicators

	EES	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-63.66%	-9.22%	-54.44%
Max Drawdown (1Y) Largest decline over 1 year	-7.98%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-27.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.15%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-50.52%	—	—
Current Drawdown Current decline from peak	-1.53%	-0.38%	-1.15%
Average Drawdown Average peak-to-trough decline	-10.37%	-2.10%	-8.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.70%	—	—

Volatility

Volatility by Period

	EES	ASCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.03%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.34%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.42%	19.25%	-1.83%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.53%	19.25%	+2.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.80%	19.25%	+4.55%

EES vs. ASCE - Expense Ratio Comparison

Both EES and ASCE have an expense ratio of 0.38%.

Dividends

EES vs. ASCE - Dividend Comparison

EES's dividend yield for the trailing twelve months is around 1.12%, more than ASCE's 0.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ASCE Allspring SMID Core ETF	0.18%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
EES WisdomTree U.S. SmallCap Fund	1.12%	1.29%	1.37%	1.18%	1.12%	1.69%	1.29%	1.31%	1.81%	0.93%	1.02%	1.38%

Frequently Asked Questions

Can I hold both EES and ASCE in my portfolio?

EES and ASCE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, EES or ASCE?

Both ETFs have the same 0.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, EES or ASCE?

EES and ASCE have the same expense ratio: 0.38% per year.

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

EES has the higher dividend yield at 1.12%, compared with 0.18% for ASCE.

What is the main difference between EES and ASCE?

They also come from different issuers: WisdomTree and Allspring.