ASCE vs SCHD
Allspring SMID Core ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. ASCE delivered stronger 1-year returns. SCHD offers more diversification with 100 holdings.
Side-by-Side Comparison
| Metric | ASCE | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.06% | |
| AUM | - | $103.7B | |
| Dividend Yield | - | 3.31% | |
| Holdings | 52 | 104 | |
| YTD Return | +28.77% | +25.33% | |
| 1Y Return | +38.91% | +32.31% | |
| 3Y Return (annualized) | - | +15.40% | |
| 5Y Return (annualized) | - | +9.70% | |
| Volatility (annualized) | 14.4% | 13.6% | |
| Max Drawdown | -9.2% | -33.4% | |
| Fund Family | Allspring Global Investments | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jul 8, 2025 | Oct 20, 2011 |
ASCE vs SCHD Performance
Allspring SMID Core ETF (ASCE) is a ETF from Allspring Global Investments and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year ASCE returned +38.91% while SCHD returned +32.31%. Year to date, ASCE is up 28.77% versus a gain of 25.33% for SCHD.
Risk: Volatility and Drawdowns
ASCE has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 13.6% for SCHD. 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 -33.4% for SCHD. 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 0.25. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ASCE charges 0.38% per year while SCHD charges 0.06%. On a $10,000 position that is $38 vs $6 annually, a gap of $32 per year that compounds over a long holding period.
Holdings Overlap
ASCE and SCHD share 1 holdings out of 150 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in ASCE | Weight in SCHD | Difference |
|---|---|---|---|
| OZK | 1.52% | 0.13% | 1.39% |
Frequently Asked Questions
Which is cheaper, ASCE or SCHD?
ASCE has an expense ratio of 0.38% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $32 per year of difference.
Which performed better, ASCE or SCHD?
Over the past year ASCE returned +38.91% vs +32.31% for SCHD, so ASCE leads on 1-year performance. Over the longest common window we track (1 years), ASCE annualized +37.68% vs +11.45% for SCHD. Past performance does not guarantee future results.
Which is riskier, ASCE or SCHD?
ASCE has been the more volatile fund at 14.4% annualized versus 13.6% for SCHD. Worst drawdown: ASCE -9.2% vs SCHD -33.4%.
Should I hold both ASCE and SCHD?
ASCE and SCHD have a monthly-return correlation of 0.25, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASCE and SCHD?
ASCE and SCHD share 1 common holdings with a 0.1% weight overlap. Combined, they hold 150 unique securities.
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