RSSL vs. ASCE

Last updated Jun 23, 2026

RSSL (Global X Russell 2000 ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. RSSL is passively managed, while ASCE is actively managed. Their correlation of 0.89 suggests significant overlap in exposure. RSSL charges 0.08%/yr vs 0.38%/yr for ASCE.

Performance

RSSL vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Russell 2000 ETF (RSSL) 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, RSSL achieves a 21.52% return, which is significantly lower than ASCE's 31.27% return.

RSSL

• 1D: 1.12%
• 1M: 4.87%
• YTD: 21.52%
• 6M: 18.19%
• 1Y: 44.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASCE

• 1D: 1.63%
• 1M: 8.80%
• YTD: 31.27%
• 6M: 25.73%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RSSL vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
RSSL Global X Russell 2000 ETF	21.52%	13.31%
ASCE Allspring SMID Core ETF	31.27%	8.46%

Correlation

The correlation between RSSL 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

Return for Risk

RSSL vs. ASCE — Risk / Return Rank

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

RSSL

RSSL Risk / Return Rank: 72
RSSL Sharpe Ratio Rank: 73
RSSL Sortino Ratio Rank: 70
RSSL Omega Ratio Rank: 61
RSSL Calmar Ratio Rank: 80
RSSL Martin Ratio Rank: 77

ASCE

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

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.

RSSL vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 ETF (RSSL) 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.

	RSSL	ASCE	Difference
Sharpe ratio: Return per unit of total volatility	2.25	—	—
Sortino ratio: Return per unit of downside risk	3.05	—	—
Omega ratio: Gain probability vs. loss probability	1.36	—	—
Calmar ratio: Return relative to maximum drawdown	4.05	—	—
Martin ratio: Return relative to average drawdown	14.22	—	—

Drawdowns

RSSL vs. ASCE - Drawdown Comparison

The maximum RSSL drawdown since its inception was -27.79%, which is greater than ASCE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for RSSL and ASCE.

Drawdown Indicators

	RSSL	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-27.79%	-9.22%	-18.57%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-5.59%	-2.01%	-3.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	—	—

Volatility

Volatility by Period

	RSSL	ASCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.32%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.18%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.70%	19.66%	+0.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.52%	19.66%	+2.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.52%	19.66%	+2.86%

RSSL vs. ASCE - Expense Ratio Comparison

RSSL has a 0.08% expense ratio, which is lower than ASCE's 0.38% expense ratio.

Dividends

RSSL vs. ASCE - Dividend Comparison

RSSL's dividend yield for the trailing twelve months is around 1.24%, more than ASCE's 0.16% yield.

Position	TTM	2025	2024
ASCE Allspring SMID Core ETF	0.16%	0.22%	0.00%
RSSL Global X Russell 2000 ETF	1.24%	1.35%	0.99%

Frequently Asked Questions

Can I hold both RSSL and ASCE in my portfolio?

RSSL 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, RSSL or ASCE?

On fees, RSSL is cheaper at 0.08% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RSSL or ASCE?

RSSL is cheaper with a 0.08% expense ratio, compared with 0.38% for ASCE.

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

RSSL has the higher dividend yield at 1.24%, compared with 0.16% for ASCE.

What is the main difference between RSSL and ASCE?

They also come from different issuers: Global X and Allspring. Their fees differ too: 0.08% for RSSL and 0.38% for ASCE.