ASCE vs VOO
Allspring SMID Core ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. ASCE delivered stronger 1-year returns. VOO offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | ASCE | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.03% | |
| AUM | - | $979.0B | |
| Dividend Yield | - | 1.09% | |
| Holdings | 52 | 509 | |
| YTD Return | +28.33% | +13.44% | |
| 1Y Return | +38.43% | +22.62% | |
| 3Y Return (annualized) | - | +21.47% | |
| 5Y Return (annualized) | - | +13.27% | |
| Volatility (annualized) | 14.4% | 14.1% | |
| Max Drawdown | -9.2% | -34.3% | |
| Fund Family | Allspring Global Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 8, 2025 | Sep 7, 2010 |
ASCE vs VOO Performance
Allspring SMID Core ETF (ASCE) is a ETF from Allspring Global Investments and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year ASCE returned +38.43% while VOO returned +22.62%. Year to date, ASCE is up 28.33% versus a gain of 13.44% for VOO.
Risk: Volatility and Drawdowns
ASCE has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ASCE charges 0.38% per year while VOO 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 VOO?
ASCE has an expense ratio of 0.38% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $35 per year of difference.
Which performed better, ASCE or VOO?
Over the past year ASCE returned +38.43% vs +22.62% for VOO, so ASCE leads on 1-year performance. Over the longest common window we track (1 years), ASCE annualized +37.14% vs +13.55% for VOO. Past performance does not guarantee future results.
Which is riskier, ASCE or VOO?
ASCE has been the more volatile fund at 14.4% annualized versus 14.1% for VOO. Worst drawdown: ASCE -9.2% vs VOO -34.3%.
Should I hold both ASCE and VOO?
ASCE and VOO have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASCE and VOO?
ASCE and VOO share 2 common holdings with a 0.1% weight overlap. Combined, they hold 554 unique securities.
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