PSC vs. ASCE
PSC (Principal U.S. Small Cap Multi-Factor ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. PSC is passively managed, while ASCE is actively managed. Their correlation of 0.89 suggests significant overlap in exposure. Both charge a 0.38% expense ratio.
Performance
PSC vs. ASCE - Performance Comparison
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Returns By Period
In the year-to-date period, PSC achieves a 17.73% return, which is significantly lower than ASCE's 28.36% return.
PSC
- 1D
- -0.58%
- 1M
- 5.16%
- YTD
- 17.73%
- 6M
- 15.20%
- 1Y
- 31.66%
- 3Y*
- 19.46%
- 5Y*
- 8.77%
- 10Y*
- —
ASCE
- 1D
- -2.21%
- 1M
- 6.39%
- YTD
- 28.36%
- 6M
- 23.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSC vs. ASCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PSC Principal U.S. Small Cap Multi-Factor ETF | 17.73% | 7.69% |
ASCE Allspring SMID Core ETF | 28.36% | 8.46% |
Correlation
The correlation between PSC 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 8, 2025 | 0.89 |
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Return for Risk
PSC vs. ASCE — Risk / Return Rank
PSC
ASCE
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PSC vs. ASCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Principal U.S. Small Cap Multi-Factor ETF (PSC) 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.
| PSC | ASCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.29 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | — | — |
| Martin ratioReturn relative to average drawdown | 11.15 | — | — |
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Drawdowns
PSC vs. ASCE - Drawdown Comparison
The maximum PSC drawdown since its inception was -46.69%, which is greater than ASCE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for PSC and ASCE.
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Drawdown Indicators
| PSC | ASCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.69% | -9.22% | -37.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.95% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -23.49% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -25.86% | — | — |
Current DrawdownCurrent decline from peak | -0.58% | -2.21% | +1.63% |
Average DrawdownAverage peak-to-trough decline | -8.23% | -2.02% | -6.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | — | — |
Volatility
PSC vs. ASCE - Volatility Comparison
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Volatility by Period
| PSC | ASCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 13.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 18.96% | 19.77% | -0.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 19.77% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.28% | 19.77% | +3.51% |
PSC vs. ASCE - Expense Ratio Comparison
Both PSC and ASCE have an expense ratio of 0.38%.
Dividends
PSC vs. ASCE - Dividend Comparison
PSC's dividend yield for the trailing twelve months is around 0.57%, more than ASCE's 0.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ASCE Allspring SMID Core ETF | 0.17% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSC Principal U.S. Small Cap Multi-Factor ETF | 0.57% | 0.67% | 0.75% | 0.73% | 1.92% | 1.45% | 1.25% | 1.47% | 1.30% | 0.95% | 0.35% |
Frequently Asked Questions
PSC 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.
Both ETFs have the same 0.38% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
PSC and ASCE have the same expense ratio: 0.38% per year.
PSC has the higher dividend yield at 0.57%, compared with 0.17% for ASCE.
They also come from different issuers: Principal and Allspring.
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