RESM vs. ASCE

Last updated Jul 4, 2026

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 0.92 suggests significant overlap in exposure. RESM charges 0.32%/yr vs 0.38%/yr for ASCE.

Performance

RESM vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Research Enhanced Small Cap ETF (RESM) 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, RESM achieves a 21.67% return, which is significantly lower than ASCE's 27.36% return.

RESM

• 1D: -0.58%
• 1M: 5.32%
• 6M: 21.06%
• YTD: 21.67%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASCE

• 1D: -1.50%
• 1M: 4.18%
• 6M: 25.72%
• YTD: 27.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RESM vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
RESM Columbia Research Enhanced Small Cap ETF	21.67%	-3.32%
ASCE Allspring SMID Core ETF	27.36%	-2.55%

Correlation

The correlation between RESM and ASCE is 0.92, 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	0.92

Return for Risk

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

Drawdown Indicators

	RESM	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-8.50%	-9.22%	+0.72%
Current Drawdown Current decline from peak	-0.95%	-2.98%	+2.03%
Average Drawdown Average peak-to-trough decline	-1.77%	-2.00%	+0.23%

Volatility

Volatility by Period

	RESM	ASCE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.36%	19.68%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.36%	19.68%	-2.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.36%	19.68%	-2.32%

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

Can I hold both RESM and ASCE in my portfolio?

With a correlation of 0.92, 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.

Which ETF is better, RESM or ASCE?

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.

Which ETF is cheaper, RESM or ASCE?

RESM is cheaper with a 0.32% expense ratio, compared with 0.38% for ASCE.

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

ASCE has the higher dividend yield at 0.17%, compared with 0.08% for RESM.

What is the main difference between RESM and ASCE?

They also come from different issuers: Columbia Threadneedle and Allspring. Their fees differ too: 0.32% for RESM and 0.38% for ASCE.