FSCC vs. ASCE

Last updated Jun 4, 2026

FSCC (Federated Hermes MDT Small Cap Core ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. FSCC charges 0.36%/yr vs 0.38%/yr for ASCE.

Performance

FSCC vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Small Cap Core ETF (FSCC) 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, FSCC achieves a 15.26% return, which is significantly lower than ASCE's 22.25% return.

FSCC

• 1D: -1.31%
• 1M: 2.28%
• YTD: 15.26%
• 6M: 13.86%
• 1Y: 38.08%
• 3Y*: —
• 5Y*: —
• 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)

FSCC vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
FSCC Federated Hermes MDT Small Cap Core ETF	15.26%	12.67%
ASCE Allspring SMID Core ETF	22.25%	8.61%

Correlation

The correlation between FSCC and ASCE is 0.89, 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	0.89

Return for Risk

FSCC vs. ASCE — Risk / Return Rank

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

FSCC

FSCC Risk / Return Rank: 63
FSCC Sharpe Ratio Rank: 60
FSCC Sortino Ratio Rank: 60
FSCC Omega Ratio Rank: 55
FSCC Calmar Ratio Rank: 70
FSCC Martin Ratio Rank: 69

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.

FSCC vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Small Cap Core ETF (FSCC) 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.

	FSCC	ASCE	Difference
Sharpe ratio: Return per unit of total volatility	2.00	—	—
Sortino ratio: Return per unit of downside risk	2.81	—	—
Omega ratio: Gain probability vs. loss probability	1.33	—	—
Calmar ratio: Return relative to maximum drawdown	3.46	—	—
Martin ratio: Return relative to average drawdown	12.67	—	—
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

	FSCC	ASCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.00	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.82	1.92	-1.10

Drawdowns

FSCC vs. ASCE - Drawdown Comparison

The maximum FSCC drawdown since its inception was -27.17%, which is greater than ASCE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for FSCC and ASCE.

Drawdown Indicators

	FSCC	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-27.17%	-9.22%	-17.95%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	—	—
Current Drawdown Current decline from peak	-1.90%	-0.38%	-1.52%
Average Drawdown Average peak-to-trough decline	-5.18%	-2.10%	-3.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.01%	—	—

Volatility

Volatility by Period

	FSCC	ASCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	13.36%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.17%	19.25%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.30%	19.25%	+3.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	19.25%	+3.05%

FSCC vs. ASCE - Expense Ratio Comparison

FSCC has a 0.36% expense ratio, which is lower than ASCE's 0.38% expense ratio.

Dividends

FSCC vs. ASCE - Dividend Comparison

FSCC's dividend yield for the trailing twelve months is around 0.23%, more than ASCE's 0.18% yield.

Position	TTM	2025	2024
ASCE Allspring SMID Core ETF	0.18%	0.22%	0.00%
FSCC Federated Hermes MDT Small Cap Core ETF	0.23%	0.27%	0.16%

Frequently Asked Questions

Can I hold both FSCC and ASCE in my portfolio?

FSCC and ASCE have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FSCC or ASCE?

On fees, FSCC is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FSCC or ASCE?

FSCC is cheaper with a 0.36% expense ratio, compared with 0.38% for ASCE.

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

FSCC has the higher dividend yield at 0.23%, compared with 0.18% for ASCE.

What is the main difference between FSCC and ASCE?

They also come from different issuers: Federated Hermes and Allspring. Their fees differ too: 0.36% for FSCC and 0.38% for ASCE.