IWM vs. ASCE
IWM (iShares Russell 2000 ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. IWM is passively managed, while ASCE is actively managed. Over the past year, IWM returned 38.74% vs 42.12% for ASCE. Their correlation of 0.89 means they have usually moved in the same direction. IWM charges 0.19%/yr vs 0.38%/yr for ASCE.
Performance
IWM vs. ASCE - Performance Comparison
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Returns By Period
In the year-to-date period, IWM achieves a 23.08% return, which is significantly lower than ASCE's 31.38% return.
IWM
- 1D
- 1.85%
- 1M
- 1.39%
- 6M
- 15.29%
- YTD
- 23.08%
- 1Y
- 38.74%
- 3Y*
- 17.20%
- 5Y*
- 7.66%
- 10Y*
- 10.83%
- ALL TIME*
- 8.88%
ASCE
- 1D
- 1.29%
- 1M
- 3.16%
- 6M
- 25.22%
- YTD
- 31.38%
- 1Y
- 42.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 39.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $5.51M | $3.62M | $2.18M | |
| $6.85B | $6.35B | $7.43B |
IWM vs. ASCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IWM iShares Russell 2000 ETF | 23.08% | 12.72% |
ASCE Allspring SMID Core ETF | 31.38% | 8.46% |
Correlation
The correlation between IWM and ASCE is 0.89, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jul 8, 2025 | 0.89 |
The correlation between IWM and ASCE has been stable across timeframes, ranging from 0.89 to 0.89 - a consistent structural relationship.
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Return for Risk
IWM vs. ASCE — Risk / Return Rank
IWM
ASCE
IWM vs. ASCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Russell 2000 ETF (IWM) 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.
| IWM | ASCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.23 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.53 | 4.59 | -1.06 |
| Martin ratioReturn relative to average drawdown | 12.51 | 13.83 | -1.32 |
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Drawdowns
IWM vs. ASCE - Drawdown Comparison
The maximum IWM drawdown since its inception was -59.05%, which is greater than ASCE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for IWM and ASCE.
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Drawdown Indicators
| IWM | ASCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.05% | -9.22% | -49.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -9.22% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -27.50% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.91% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.13% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -2.11% | -8.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 3.05% | +0.06% |
Volatility
IWM vs. ASCE - Volatility Comparison
The current volatility for iShares Russell 2000 ETF (IWM) is 4.58%, while Allspring SMID Core ETF (ASCE) has a volatility of 5.80%. This indicates that IWM experiences smaller price fluctuations and is considered to be less risky than ASCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IWM | ASCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.58% | 5.80% | -1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 15.30% | -1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.40% | 19.98% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.50% | 19.67% | +2.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.02% | 19.67% | +3.35% |
IWM vs. ASCE - Expense Ratio Comparison
IWM has a 0.19% expense ratio, which is lower than ASCE's 0.38% expense ratio.
Dividends
IWM vs. ASCE - Dividend Comparison
IWM's dividend yield for the trailing twelve months is around 0.88%, more than ASCE's 0.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASCE Allspring SMID Core ETF | 0.16% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IWM iShares Russell 2000 ETF | 0.88% | 1.04% | 1.15% | 1.35% | 1.48% | 0.94% | 1.04% | 1.26% | 1.40% | 1.26% | 1.38% | 1.54% |
Frequently Asked Questions
IWM 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.
ASCE has higher volatility (5.80%) compared to IWM (4.58%). In terms of maximum drawdown, IWM dropped -59.05% vs ASCE's -9.22%.
On 1-year performance, ASCE leads with 42.12% vs 38.74% for IWM. On fees, IWM is cheaper at 0.19% per year. On volatility, IWM has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ASCE has performed better with a 42.12% return vs 38.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IWM is cheaper with a 0.19% expense ratio, compared with 0.38% for ASCE.
IWM has the higher dividend yield at 0.88%, compared with 0.16% for ASCE.
They also come from different issuers: iShares and Allspring. Their fees differ too: 0.19% for IWM and 0.38% for ASCE.
ASCE currently has the higher Sharpe Ratio (2.13 vs 2.02), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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