IJR vs. ASCE

Last updated Jun 4, 2026

IJR (iShares Core S&P Small-Cap ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. IJR is passively managed, while ASCE is actively managed. Their correlation of 0.89 suggests significant overlap in exposure. IJR charges 0.06%/yr vs 0.38%/yr for ASCE.

Performance

IJR vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Core S&P Small-Cap ETF (IJR) 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, IJR achieves a 15.38% return, which is significantly lower than ASCE's 22.25% return.

IJR

• 1D: -0.89%
• 1M: 1.67%
• YTD: 15.38%
• 6M: 14.25%
• 1Y: 31.54%
• 3Y*: 14.39%
• 5Y*: 5.64%
• 10Y*: 10.66%

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)

IJR vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
IJR iShares Core S&P Small-Cap ETF	15.38%	8.19%
ASCE Allspring SMID Core ETF	22.25%	8.61%

Correlation

The correlation between IJR 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

IJR vs. ASCE — Risk / Return Rank

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

IJR

IJR Risk / Return Rank: 58
IJR Sharpe Ratio Rank: 52
IJR Sortino Ratio Rank: 54
IJR Omega Ratio Rank: 49
IJR Calmar Ratio Rank: 71
IJR Martin Ratio Rank: 65

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.

IJR vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Core S&P Small-Cap ETF (IJR) 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.

	IJR	ASCE	Difference
Sharpe ratio: Return per unit of total volatility	1.81	—	—
Sortino ratio: Return per unit of downside risk	2.64	—	—
Omega ratio: Gain probability vs. loss probability	1.31	—	—
Calmar ratio: Return relative to maximum drawdown	3.65	—	—
Martin ratio: Return relative to average drawdown	12.14	—	—
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

	IJR	ASCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.81	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.26	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	1.92	-1.48

Drawdowns

IJR vs. ASCE - Drawdown Comparison

The maximum IJR drawdown since its inception was -58.15%, which is greater than ASCE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for IJR and ASCE.

Drawdown Indicators

	IJR	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-58.15%	-9.22%	-48.93%
Max Drawdown (1Y) Largest decline over 1 year	-8.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-28.02%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.02%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-44.36%	—	—
Current Drawdown Current decline from peak	-0.91%	-0.38%	-0.53%
Average Drawdown Average peak-to-trough decline	-9.28%	-2.10%	-7.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.60%	—	—

Volatility

Volatility by Period

	IJR	ASCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.65%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.54%	19.25%	-1.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.41%	19.25%	+2.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.91%	19.25%	+3.66%

IJR vs. ASCE - Expense Ratio Comparison

IJR has a 0.06% expense ratio, which is lower than ASCE's 0.38% expense ratio.

Dividends

IJR vs. ASCE - Dividend Comparison

IJR's dividend yield for the trailing twelve months is around 1.15%, 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%
IJR iShares Core S&P Small-Cap ETF	1.15%	1.44%	2.05%	1.31%	1.41%	1.53%	1.11%	1.44%	1.58%	1.20%	1.22%	1.48%

Frequently Asked Questions

Can I hold both IJR and ASCE in my portfolio?

IJR 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, IJR or ASCE?

On fees, IJR is cheaper at 0.06% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IJR or ASCE?

IJR is cheaper with a 0.06% expense ratio, compared with 0.38% for ASCE.

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

IJR has the higher dividend yield at 1.15%, compared with 0.18% for ASCE.

What is the main difference between IJR and ASCE?

They also come from different issuers: iShares and Allspring. Their fees differ too: 0.06% for IJR and 0.38% for ASCE.