SCOW vs. ASCE

Last updated Jun 4, 2026

SCOW (Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. SCOW is passively managed, while ASCE is actively managed. A 0.72 correlation means they provide meaningful diversification when combined. SCOW charges 0.59%/yr vs 0.38%/yr for ASCE.

Performance

SCOW vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF (SCOW) 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, SCOW achieves a 6.60% return, which is significantly lower than ASCE's 22.25% return.

SCOW

• 1D: -1.46%
• 1M: 2.00%
• YTD: 6.60%
• 6M: 5.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASCE

• 1D: -0.38%
• 1M: 5.38%
• YTD: 22.25%
• 6M: 21.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SCOW vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF	6.60%	-2.05%
ASCE Allspring SMID Core ETF	22.25%	0.58%

Correlation

The correlation between SCOW and ASCE is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 29, 2025	0.72

Return for Risk

SCOW vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF (SCOW) 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.

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

Sharpe Ratios by Period

	SCOW	ASCE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	1.92	-1.57

Drawdowns

SCOW vs. ASCE - Drawdown Comparison

The maximum SCOW drawdown since its inception was -10.09%, which is greater than ASCE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for SCOW and ASCE.

Drawdown Indicators

	SCOW	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-10.09%	-9.22%	-0.87%
Current Drawdown Current decline from peak	-1.46%	-0.38%	-1.08%
Average Drawdown Average peak-to-trough decline	-3.20%	-2.10%	-1.10%

Volatility

Volatility by Period

	SCOW	ASCE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.94%	19.25%	-2.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.94%	19.25%	-2.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.94%	19.25%	-2.31%

SCOW vs. ASCE - Expense Ratio Comparison

SCOW has a 0.59% expense ratio, which is higher than ASCE's 0.38% expense ratio.

Dividends

SCOW vs. ASCE - Dividend Comparison

SCOW's dividend yield for the trailing twelve months is around 0.27%, more than ASCE's 0.18% yield.

Position	TTM	2025
ASCE Allspring SMID Core ETF	0.18%	0.22%
SCOW Pacer S&P SmallCap 600 Quality FCF Aristocrats ETF	0.27%	0.17%

Frequently Asked Questions

Can I hold both SCOW and ASCE in my portfolio?

SCOW and ASCE have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SCOW or ASCE?

On fees, ASCE is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SCOW or ASCE?

ASCE is cheaper with a 0.38% expense ratio, compared with 0.59% for SCOW.

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

SCOW has the higher dividend yield at 0.27%, compared with 0.18% for ASCE.

What is the main difference between SCOW and ASCE?

They also come from different issuers: Pacer and Allspring. Their fees differ too: 0.59% for SCOW and 0.38% for ASCE.