ASCE vs SCHD
Allspring SMID Core ETF vs Schwab US Dividend Equity ETF
Which is better, ASCE or SCHD?
Small Cap Blend against Large Cap Value.
SCHD has a lower expense ratio. ASCE led over the full window, SCHD over 1Y. ASCE is less concentrated, with 27.3% of the fund in its ten largest positions against 41.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | ASCE | SCHD |
|---|---|---|
| Expense Ratio | 0.38% | 0.06%Best |
| AUM | $193M | $108.9B |
| Dividend Yield | 0.17% | 3.00% |
| Holdings | 52 | 206 |
| YTD Return | +21.45% | +22.89%Best |
| 1Y Return | +29.13% | +29.27%Best |
| 3Y Return (annualized) | - | +16.56% |
| 5Y Return (annualized) | - | +9.63% |
| Volatility (annualized) | 15.3% | 14.1%Best |
| Max Drawdown | -9.2% | -6.9%Best |
| $10,000 over 1.3 years | $13,480Best | $12,813 |
| Top 10 Weight | 27.3%Best | 41.8% |
| Fund Family | Allspring Global Investments | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Large Cap Value |
| Inception | Jul 8, 2025 | Oct 20, 2011 |
Volatility and max drawdown, and the $10,000 over 1.3 years row, are measured over the window both funds cover: Jul 8, 2025 to Oct 12, 2026 (1.3 years).
ASCE vs SCHD growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 1.3 years both funds cover.
ASCE vs SCHD Performance
Allspring SMID Core ETF (ASCE) is an ETF from Allspring Global Investments and Schwab US Dividend Equity ETF (SCHD) is an ETF from Charles Schwab Asset Management. Over the past year ASCE returned +29.13% while SCHD returned +29.27%. Year to date, ASCE is up 21.45% versus a gain of 22.89% for SCHD.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
ASCE has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 14.1% 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 -6.9% for SCHD. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.44. They move together some of the time, and apart the rest.
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. On income, ASCE currently yields 0.17% against 3.00% for SCHD.
Holdings Overlap
1.5% of ASCE's money is in holdings SCHD also owns. 0.1% of SCHD's money is in holdings ASCE also owns.
ASCE and SCHD share little of their money.
1 positions in common, counted across the 50 positions we hold weights for in ASCE and 99 in SCHD, against full books of 52 and 206.
What only one of them owns
Our book lists 97 positions for SCHD that do not appear in our book for ASCE (99.8% of the fund), and 47 for ASCE that do not appear in SCHD (93.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in ASCE | Weight in SCHD | Difference |
|---|---|---|---|
| OZKBank Ozk | 1.47% | 0.13% | 1.34% |
You are not choosing between two funds in isolation.
Whichever of ASCE and SCHD you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $32 a year on a $10,000 investment.
Which performed better, ASCE or SCHD?
Over the past year ASCE returned +29.13% vs +29.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (1 years), ASCE annualized +25.82% vs +21.01% for SCHD. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, ASCE or SCHD?
ASCE has been the more volatile fund at 15.3% annualized versus 14.1% for SCHD. Worst drawdown: ASCE -9.2% vs SCHD -6.9%.
Should I hold both ASCE and SCHD?
ASCE and SCHD have a monthly-return correlation of 0.44, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between ASCE and SCHD?
1.5% of ASCE's money is in holdings SCHD also owns. 0.1% of SCHD's is in holdings ASCE also owns. They hold 1 positions in common, counted across the 50 positions we hold weights for in ASCE and 99 in SCHD.
Which pays a higher dividend, ASCE or SCHD?
ASCE yields 0.17% while SCHD yields 3.00%, so SCHD currently pays the higher dividend yield.
Is SCHD better than ASCE?
SCHD has a lower expense ratio. ASCE led over the full window, SCHD over 1Y. ASCE is less concentrated, with 27.3% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.