RESM vs. ASCE
RESM (Columbia Research Enhanced Small Cap ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. RESM is passively managed, while ASCE is actively managed. Their correlation of 0.91 suggests significant overlap in exposure. RESM charges 0.32%/yr vs 0.38%/yr for ASCE.
Performance
RESM vs. ASCE - Performance Comparison
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Returns By Period
In the year-to-date period, RESM achieves a 20.07% return, which is significantly lower than ASCE's 26.05% return.
RESM
- 1D
- -0.66%
- 1M
- 0.52%
- 6M
- 11.38%
- YTD
- 20.07%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
ASCE
- 1D
- -0.88%
- 1M
- -1.80%
- 6M
- 17.63%
- YTD
- 26.05%
- 1Y
- 34.73%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 35.06%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.18M | $3.18M | $1.88M | |
| $14.07K | $10.89K | $7.66K |
RESM vs. ASCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RESM Columbia Research Enhanced Small Cap ETF | 20.07% | -3.32% |
ASCE Allspring SMID Core ETF | 26.05% | -2.55% |
Correlation
The correlation between RESM and ASCE is 0.91, 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 Dec 11, 2025 | 0.91 |
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Return for Risk
RESM vs. ASCE — Risk / Return Rank
RESM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ASCE
RESM vs. ASCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Columbia Research Enhanced Small Cap ETF (RESM) 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.
| RESM | ASCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.78 | — |
| Martin ratioReturn relative to average drawdown | — | 11.58 | — |
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Drawdowns
RESM vs. ASCE - Drawdown Comparison
The maximum RESM drawdown since its inception was -8.50%, smaller than the maximum ASCE drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for RESM and ASCE.
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Drawdown Indicators
| RESM | ASCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.50% | -9.22% | +0.72% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.22% | — |
Current DrawdownCurrent decline from peak | -2.25% | -3.98% | +1.73% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -2.07% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.01% | — |
Volatility
RESM vs. ASCE - Volatility Comparison
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Volatility by Period
| RESM | ASCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.98% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 15.02% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.91% | 19.80% | -2.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 19.58% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 19.58% | -2.67% |
RESM vs. ASCE - Expense Ratio Comparison
RESM has a 0.32% expense ratio, which is lower than ASCE's 0.38% expense ratio.
Dividends
RESM vs. ASCE - Dividend Comparison
RESM's dividend yield for the trailing twelve months is around 0.08%, less than ASCE's 0.17% yield.
| Position | TTM | 2025 |
|---|---|---|
ASCE Allspring SMID Core ETF | 0.17% | 0.22% |
RESM Columbia Research Enhanced Small Cap ETF | 0.08% | 0.09% |
Frequently Asked Questions
With a correlation of 0.91, RESM and ASCE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, RESM is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.
RESM is cheaper with a 0.32% expense ratio, compared with 0.38% for ASCE.
ASCE has the higher dividend yield at 0.17%, compared with 0.08% for RESM.
They also come from different issuers: Columbia Threadneedle and Allspring. Their fees differ too: 0.32% for RESM and 0.38% for ASCE.
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