ASCE vs IVV
Allspring SMID Core ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. ASCE delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ASCE | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.03% | |
| AUM | - | $865.2B | |
| Dividend Yield | - | 1.09% | |
| Holdings | 52 | 508 | |
| YTD Return | +28.33% | +13.43% | |
| 1Y Return | +38.43% | +22.61% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.26% | |
| Volatility (annualized) | 14.4% | 15.1% | |
| Max Drawdown | -9.2% | -56.5% | |
| Fund Family | Allspring Global Investments | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Jul 8, 2025 | May 15, 2000 |
ASCE vs IVV Performance
Allspring SMID Core ETF (ASCE) is a ETF from Allspring Global Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year ASCE returned +38.43% while IVV returned +22.61%. Year to date, ASCE is up 28.33% versus a gain of 13.43% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.4% for ASCE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -9.2% for ASCE and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.62. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ASCE charges 0.38% per year while IVV charges 0.03%. On a $10,000 position that is $38 vs $3 annually, a gap of $35 per year that compounds over a long holding period.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, ASCE or IVV?
ASCE has an expense ratio of 0.38% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, ASCE or IVV?
Over the past year ASCE returned +38.43% vs +22.61% for IVV, so ASCE leads on 1-year performance. Over the longest common window we track (1 years), ASCE annualized +37.14% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, ASCE or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.4% for ASCE. Worst drawdown: ASCE -9.2% vs IVV -56.5%.
Should I hold both ASCE and IVV?
ASCE and IVV have a monthly-return correlation of 0.62, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASCE and IVV?
ASCE and IVV share 2 common holdings with a 0.1% weight overlap. Combined, they hold 554 unique securities.
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