SEIS vs. ASCE

Last updated Jun 24, 2026

SEIS (SEI Select Small Cap ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. Both are actively managed. Their correlation of 0.92 suggests significant overlap in exposure. SEIS charges 0.55%/yr vs 0.38%/yr for ASCE.

Performance

SEIS vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SEI Select Small Cap ETF (SEIS) 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, SEIS achieves a 17.00% return, which is significantly lower than ASCE's 28.36% return.

SEIS

• 1D: -1.11%
• 1M: 3.90%
• YTD: 17.00%
• 6M: 14.13%
• 1Y: 31.11%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASCE

• 1D: -2.21%
• 1M: 6.39%
• YTD: 28.36%
• 6M: 23.53%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

SEIS vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
SEIS SEI Select Small Cap ETF	17.00%	7.66%
ASCE Allspring SMID Core ETF	28.36%	8.46%

Correlation

The correlation between SEIS 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 Jul 8, 2025	0.92

Return for Risk

SEIS vs. ASCE — Risk / Return Rank

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

SEIS

SEIS Risk / Return Rank: 54
SEIS Sharpe Ratio Rank: 51
SEIS Sortino Ratio Rank: 53
SEIS Omega Ratio Rank: 47
SEIS Calmar Ratio Rank: 62
SEIS Martin Ratio Rank: 58

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.

SEIS vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SEI Select Small Cap ETF (SEIS) 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.

	SEIS	ASCE	Difference
Sharpe ratio: Return per unit of total volatility	1.61	—	—
Sortino ratio: Return per unit of downside risk	2.34	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.79	—	—
Martin ratio: Return relative to average drawdown	9.25	—	—

Drawdowns

SEIS vs. ASCE - Drawdown Comparison

The maximum SEIS drawdown since its inception was -26.08%, which is greater than ASCE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for SEIS and ASCE.

Drawdown Indicators

	SEIS	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-26.08%	-9.22%	-16.86%
Max Drawdown (1Y) Largest decline over 1 year	-11.18%	—	—
Current Drawdown Current decline from peak	-1.11%	-2.21%	+1.10%
Average Drawdown Average peak-to-trough decline	-5.83%	-2.02%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.37%	—	—

Volatility

Volatility by Period

	SEIS	ASCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.41%	19.77%	-0.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.12%	19.77%	+2.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.12%	19.77%	+2.35%

SEIS vs. ASCE - Expense Ratio Comparison

SEIS has a 0.55% expense ratio, which is higher than ASCE's 0.38% expense ratio.

Dividends

SEIS vs. ASCE - Dividend Comparison

SEIS's dividend yield for the trailing twelve months is around 0.36%, more than ASCE's 0.17% yield.

Position	TTM	2025	2024
ASCE Allspring SMID Core ETF	0.17%	0.22%	0.00%
SEIS SEI Select Small Cap ETF	0.36%	0.59%	0.23%

Frequently Asked Questions

Can I hold both SEIS and ASCE in my portfolio?

With a correlation of 0.92, SEIS 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, SEIS 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, SEIS or ASCE?

ASCE is cheaper with a 0.38% expense ratio, compared with 0.55% for SEIS.

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

SEIS has the higher dividend yield at 0.36%, compared with 0.17% for ASCE.

What is the main difference between SEIS and ASCE?

They also come from different issuers: SEI and Allspring. Their fees differ too: 0.55% for SEIS and 0.38% for ASCE.