SYZ vs. ASCE

Last updated Jun 4, 2026

SYZ (Lazard US Systematic Small Cap Equity ETF) and ASCE (Allspring SMID Core ETF) are both Small Cap Blend Equities funds. Both are actively managed. Their correlation of 0.89 suggests significant overlap in exposure. SYZ charges 0.60%/yr vs 0.38%/yr for ASCE.

Performance

SYZ vs. ASCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard US Systematic Small Cap Equity ETF (SYZ) 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, SYZ achieves a 17.30% return, which is significantly lower than ASCE's 22.25% return.

SYZ

• 1D: -1.04%
• 1M: 2.63%
• YTD: 17.30%
• 6M: 17.99%
• 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)

SYZ vs. ASCE - Yearly Performance Comparison

	2026 (YTD)	2025
SYZ Lazard US Systematic Small Cap Equity ETF	17.30%	0.89%
ASCE Allspring SMID Core ETF	22.25%	0.68%

Correlation

The correlation between SYZ 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 Sep 16, 2025	0.89

Return for Risk

SYZ vs. ASCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard US Systematic Small Cap Equity ETF (SYZ) 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

	SYZ	ASCE	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.60	1.92	-0.31

Drawdowns

SYZ vs. ASCE - Drawdown Comparison

The maximum SYZ drawdown since its inception was -8.00%, smaller than the maximum ASCE drawdown of -9.22%. Use the drawdown chart below to compare losses from any high point for SYZ and ASCE.

Drawdown Indicators

	SYZ	ASCE	Difference
Max Drawdown Largest peak-to-trough decline	-8.00%	-9.22%	+1.22%
Current Drawdown Current decline from peak	-1.04%	-0.38%	-0.66%
Average Drawdown Average peak-to-trough decline	-2.09%	-2.10%	+0.01%

Volatility

Volatility by Period

	SYZ	ASCE	Difference
Volatility (1Y) Calculated over the trailing 1-year period	16.65%	19.25%	-2.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.65%	19.25%	-2.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.65%	19.25%	-2.60%

SYZ vs. ASCE - Expense Ratio Comparison

SYZ has a 0.60% expense ratio, which is higher than ASCE's 0.38% expense ratio.

Dividends

SYZ vs. ASCE - Dividend Comparison

SYZ's dividend yield for the trailing twelve months is around 0.14%, less than ASCE's 0.18% yield.

Position	TTM	2025
ASCE Allspring SMID Core ETF	0.18%	0.22%
SYZ Lazard US Systematic Small Cap Equity ETF	0.14%	0.00%

Frequently Asked Questions

Can I hold both SYZ and ASCE in my portfolio?

SYZ 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, SYZ 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, SYZ or ASCE?

ASCE is cheaper with a 0.38% expense ratio, compared with 0.60% for SYZ.

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

ASCE has the higher dividend yield at 0.18%, compared with 0.14% for SYZ.

What is the main difference between SYZ and ASCE?

They also come from different issuers: Lazard and Allspring. Their fees differ too: 0.60% for SYZ and 0.38% for ASCE.