SIXS vs. ASCE

Last updated Jun 4, 2026

SIXS (6 Meridian Small Cap Equity ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. Both are actively managed. A 0.66 correlation means they provide meaningful diversification when combined. SIXS charges 1.00%/yr vs 0.38%/yr for ASCE.

Performance

SIXS vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in 6 Meridian Small Cap Equity ETF (SIXS) 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, SIXS achieves a 5.36% return, which is significantly lower than ASCE's 22.25% return.

SIXS

• 1D: -1.24%
• 1M: -2.88%
• YTD: 5.36%
• 6M: 6.16%
• 1Y: 16.34%
• 3Y*: 10.42%
• 5Y*: 3.28%
• 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)

SIXS vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
SIXS 6 Meridian Small Cap Equity ETF	5.36%	7.57%
ASCE Allspring SMID Core ETF	22.25%	8.61%

Correlation

The correlation between SIXS and ASCE is 0.66, 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 Jul 9, 2025	0.66

Return for Risk

SIXS vs. ASCE — Risk / Return Rank

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

SIXS

SIXS Risk / Return Rank: 38
SIXS Sharpe Ratio Rank: 34
SIXS Sortino Ratio Rank: 36
SIXS Omega Ratio Rank: 32
SIXS Calmar Ratio Rank: 47
SIXS Martin Ratio Rank: 42

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.

SIXS vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for 6 Meridian Small Cap Equity ETF (SIXS) 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.

	SIXS	ASCE	Difference
Sharpe ratio: Return per unit of total volatility	1.24	—	—
Sortino ratio: Return per unit of downside risk	1.87	—	—
Omega ratio: Gain probability vs. loss probability	1.22	—	—
Calmar ratio: Return relative to maximum drawdown	2.29	—	—
Martin ratio: Return relative to average drawdown	6.90	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	SIXS	ASCE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.24	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.19	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	1.92	-1.20

Drawdowns

SIXS vs. ASCE - Drawdown Comparison

The maximum SIXS drawdown since its inception was -27.68%, which is greater than ASCE's maximum drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for SIXS and ASCE.

Drawdown Indicators

	SIXS	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-27.68%	-9.22%	-18.46%
Max Drawdown (1Y) Largest decline over 1 year	-7.16%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-19.95%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-27.68%	—	—
Current Drawdown Current decline from peak	-4.19%	-0.38%	-3.81%
Average Drawdown Average peak-to-trough decline	-8.95%	-2.10%	-6.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	—	—

Volatility

Volatility by Period

	SIXS	ASCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.91%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	19.25%	-5.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.63%	19.25%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.66%	19.25%	+0.41%

SIXS vs. ASCE - Expense Ratio Comparison

SIXS has a 1.00% expense ratio, which is higher than ASCE's 0.38% expense ratio.

Dividends

SIXS vs. ASCE - Dividend Comparison

SIXS's dividend yield for the trailing twelve months is around 1.81%, more than ASCE's 0.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
ASCE Allspring SMID Core ETF	0.18%	0.22%	0.00%	0.00%	0.00%	0.00%	0.00%
SIXS 6 Meridian Small Cap Equity ETF	1.81%	1.62%	1.09%	1.60%	1.37%	0.94%	0.45%

Frequently Asked Questions

Can I hold both SIXS and ASCE in my portfolio?

SIXS and ASCE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SIXS 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, SIXS or ASCE?

ASCE is cheaper with a 0.38% expense ratio, compared with 1.00% for SIXS.

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

SIXS has the higher dividend yield at 1.81%, compared with 0.18% for ASCE.

What is the main difference between SIXS and ASCE?

They also come from different issuers: Exchange Traded Concepts and Allspring. Their fees differ too: 1.00% for SIXS and 0.38% for ASCE.