ASCE vs OPER

Comparison between ALLSPRING SMID CORE ETF (ASCE, ETF) and CLEARSHARES ULTRA-SHORT MATURITY ETF (OPER, ETF).

ASCE vs OPER - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	ASCE(ETF)	OPER(ETF)
Net Assets	$118M	$118M
Expense Ratio	0.38%	0.20%
Max Drawdown	9.22%	3.00%
Sharpe Ratio	1.49	0.43
5Y Beta	1.24	0.00
P/E Ratio	16.45	N/A
Forward P/E	12.11	N/A
5Y Dividends CAGR	N/A	56.95%
5Y EPS CAGR	44.57%	N/A
Debt to Equity	-129.65%	N/A
P/S Ratio	1.03	N/A
P/B Ratio	2.79	N/A

Net Assets

Winner

ASCE

$118M

OPER

$118M

Expense Ratio

ASCE

0.38%

Winner

OPER

0.20%

Max Drawdown

ASCE

9.22%

Winner

OPER

3.00%

Sharpe Ratio

Winner

ASCE

1.49

OPER

0.43

5Y Beta

ASCE

1.24

Winner

OPER

0.00

P/E Ratio

ASCE

16.45

OPER

N/A

Forward P/E

ASCE

12.11

OPER

N/A

5Y Dividends CAGR

ASCE

N/A

OPER

56.95%

5Y EPS CAGR

ASCE

44.57%

OPER

N/A

Debt to Equity

ASCE

-129.65%

OPER

N/A

P/S Ratio

ASCE

1.03

OPER

N/A

P/B Ratio

ASCE

2.79

OPER

N/A

ASCE vs OPER - Historical Returns

Returns include dividend reinvestment.

Period	ASCE	OPER
1 month	-1.80%	+0.29%
3 months	+9.05%	+0.87%
6 months	+18.88%	+1.78%
1 year	+34.73%	+3.95%
5 years(CAGR)	N/A	+3.74%
10 years(CAGR)	N/A	+2.81%
Max(CAGR)	+35.24%	+2.81%

ASCE

-1.80%

Winner

OPER

+0.29%

Winner

ASCE

+9.05%

OPER

+0.87%

Winner

ASCE

+18.88%

OPER

+1.78%

Winner

ASCE

+34.73%

OPER

+3.95%

5Y(CAGR)

ASCE

N/A

OPER

+3.74%

10Y(CAGR)

ASCE

N/A

OPER

+2.81%

Max(CAGR)

Winner

ASCE

+35.24%

OPER

+2.81%

ASCE vs OPER - Annual Returns (2018 - 2026)

Returns include dividend reinvestment.

Year	ASCE	OPER
2026	+24.43%	+2.02%
2025	+8.61%	+4.36%
2024	N/A	+5.33%
2023	N/A	+5.06%
2022	N/A	+1.75%
2021	N/A	+0.37%
2020	N/A	+0.64%
2019	N/A	+2.15%
2018	N/A	+0.90%

ASCE vs OPER Drawdown Comparison

The maximum drawdown for ASCE was -9.22%, occurring on Nov 20, 2025. Recovery took 54 trading sessions.

The maximum drawdown for OPER was -2.33%, occurring on Nov 19, 2018. Recovery took 280 trading sessions.

The current ASCE drawdown is -3.98%.

Rank	ASCE	OPER
#1	-9.22% Sep 18, 2025 - Dec 4, 2025	-2.33% Nov 15, 2018 - Dec 30, 2019
#2	-8.45% Feb 25, 2026 - Apr 8, 2026	-0.13% Feb 24, 2022 - May 12, 2022
#3	-4.95% May 6, 2026 - May 26, 2026	-0.11% Mar 28, 2024 - Apr 2, 2024
#4	-4.34% Jun 22, 2026 - Jul 17, 2026	-0.11% Mar 17, 2020 - May 26, 2020
#5	-4.22% Dec 22, 2025 - Jan 9, 2026	-0.09% Mar 31, 2025 - Apr 8, 2025
#6	-3.65% Jul 28, 2025 - Aug 8, 2025	-0.07% Apr 29, 2026 - May 11, 2026
#7	-3.12% Aug 13, 2025 - Aug 22, 2025	-0.07% Mar 13, 2023 - Mar 20, 2023
#8	-3.10% Jan 22, 2026 - Feb 6, 2026	-0.05% Mar 2, 2021 - Mar 17, 2021
#9	-2.97% Jun 15, 2026 - Jun 22, 2026	-0.05% Mar 25, 2024 - Mar 27, 2024
#10	-2.74% Apr 20, 2026 - May 5, 2026	-0.05% Mar 30, 2023 - Apr 3, 2023
#11	-2.69% Dec 11, 2025 - Dec 22, 2025	-0.04% Nov 23, 2022 - Nov 28, 2022
#12	-2.49% Feb 6, 2026 - Feb 18, 2026	-0.04% May 12, 2026 - May 15, 2026
#13	-2.10% Feb 20, 2026 - Feb 25, 2026	-0.04% Jan 27, 2022 - Feb 24, 2022
#14	-2.06% Jul 10, 2025 - Jul 23, 2025	-0.03% Oct 5, 2023 - Oct 9, 2023
#15	-1.85% Sep 11, 2025 - Sep 18, 2025	-0.03% Dec 12, 2023 - Dec 15, 2023