ASCE vs VYM
Allspring SMID Core ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. ASCE delivered stronger 1-year returns. VYM offers more diversification with 568 holdings.
Side-by-Side Comparison
| Metric | ASCE | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.38% | 0.04% | |
| AUM | - | $79.0B | |
| Dividend Yield | - | 2.86% | |
| Holdings | 52 | 568 | |
| YTD Return | +29.09% | +16.78% | |
| 1Y Return | +34.41% | +24.43% | |
| 3Y Return (annualized) | - | +18.60% | |
| 5Y Return (annualized) | - | +12.30% | |
| Volatility (annualized) | 14.4% | 14.6% | |
| Max Drawdown | -9.2% | -58.8% | |
| Fund Family | Allspring Global Investments | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jul 8, 2025 | Nov 10, 2006 |
ASCE vs VYM Performance
Allspring SMID Core ETF (ASCE) is a ETF from Allspring Global Investments and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year ASCE returned +34.41% while VYM returned +24.43%. Year to date, ASCE is up 29.09% versus a gain of 16.78% for VYM.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 14.6% 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 -58.8% for VYM. 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 0.53. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
ASCE charges 0.38% per year while VYM charges 0.04%. On a $10,000 position that is $38 vs $4 annually, a gap of $34 per year that compounds over a long holding period.
Holdings Overlap
ASCE and VYM share 6 holdings out of 603 unique holdings combined, representing a 0.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, ASCE or VYM?
ASCE has an expense ratio of 0.38% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $34 per year of difference.
Which performed better, ASCE or VYM?
Over the past year ASCE returned +34.41% vs +24.43% for VYM, so ASCE leads on 1-year performance. Over the longest common window we track (1 years), ASCE annualized +37.65% vs +7.11% for VYM. Past performance does not guarantee future results.
Which is riskier, ASCE or VYM?
VYM has been the more volatile fund at 14.6% annualized versus 14.4% for ASCE. Worst drawdown: ASCE -9.2% vs VYM -58.8%.
Should I hold both ASCE and VYM?
ASCE and VYM have a monthly-return correlation of 0.53, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between ASCE and VYM?
ASCE and VYM share 6 common holdings with a 0.1% weight overlap. Combined, they hold 603 unique securities.
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