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ASCEvsFESMETF Comparison
Allspring SMID Core ETF (ASCE) belongs to the US Multi-Factor segment. Fidelity Enhanced Small Cap ETF (FESM) is part of the US Small Cap segment. ASCE's top 3 sector exposures are Financials, Industrials and Information Technology. In contrast, FESM's top sector exposures are Industrials, Information Technology and Financials. ASCE is more expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.28% for FESM. ASCE is up 2.75% year-to-date (YTD) with +$11M in YTD flows. FESM performs worse with 2.28% YTD performance, and +$592M in YTD flows. Run a side-by-side ETF comparison of ASCE and FESM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
ASCE vs FESM performance and flow charts
Performance
Cumulative Flows
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | ASCE FESM | -4.79%-4.76% | +1.60%-0.09% | +2.75%+2.28% | n/a+33.23% | n/an/a | n/an/a |
| Flows | ASCE FESM | +$5M+$184M | +$13M+$780M | +$11M+$592M | -+$1.41B | -- | -- |
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | ASCE FESM | +18.40%+18.69% | n/a+23.21% | n/an/a | n/an/a |
| Max drawdown | ASCE FESM | -6.66%-6.68% | n/a-16.30% | n/an/a | n/an/a |
| Max drawdown duration | ASCE FESM | 12d47d | n/a52d | n/an/a | n/an/a |
ASCE | FESM | |
Last sale 3/11/2026 at 1:30 PM | $27.48 | $38.48 |
| Previous close 03/10/2026 | $27.48 | $38.64 |
| Consolidated volume 03/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
ASCE | FESM | |
|---|---|---|
| Last price | $27.48 | $38.48 |
| 1D performance | +0.00% | -0.41% |
| AuM | $49.19 M | $4.00 B |
| E/R | 0.38% | 0.28% |
Countries
Sectors
Diversification
Total weight of top 15 holdings out of 15
Total weight of top 15 holdings out of 15
Top 15 holdings
How have the ASCE and FESM ETFs performed in 2026?
As of March 9, 2026, ASCE is up 2.75% year-to-date (YTD), while FESM has returned 2.28%. That puts ASCE better performer ahead so far this year.
Which ETF is attracting more investor money: ASCE or FESM?
Year-to-date, the ASCE ETF saw +$11M in flows, compared to +$592M for FESM.
Which ETF is bigger: ASCE or FESM?
As of March 9, 2026, ASCE holds $49.19 M in assets under management (AUM), while FESM manages $4.00 B.
What sectors do the ASCE and FESM ETFs invest in?
ASCE leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, FESM focuses on Industrials, Information Technology and Financials.
What are the top holdings of the ASCE ETF and FESM ETF?
ASCE top holdings include POWELL INDUSTRIES, CENTURY ALUMINUM and EMCOR GROUP. FESM holds in its top three: BLOOM ENERGY CORP, COEUR MINING INC and CREDO TECHNOLOGY GROUP HOLDING.
Which ETF is more diversified: ASCE or FESM?
ASCE holds 45 securities with 38.89% of its assets in the top 15. FESM has 578 securities and a top 15 weight of 13.61%.
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