OPER vs ASCE
Comparison between CLEARSHARES ULTRA-SHORT MATURITY ETF (OPER, ETF) and ALLSPRING SMID CORE ETF (ASCE, ETF).
OPER vs ASCE - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
OPER
$118M
Winner
ASCE
$118M
Expense Ratio
Winner
OPER
0.20%
ASCE
0.38%
Max Drawdown
Winner
OPER
3.00%
ASCE
9.22%
Sharpe Ratio
OPER
0.43
Winner
ASCE
1.49
5Y Beta
Winner
OPER
0.00
ASCE
1.24
P/E Ratio
OPER
N/A
ASCE
16.45
Forward P/E
OPER
N/A
ASCE
12.11
5Y Dividends CAGR
OPER
56.95%
ASCE
N/A
5Y EPS CAGR
OPER
N/A
ASCE
44.57%
Debt to Equity
OPER
N/A
ASCE
-129.65%
P/S Ratio
OPER
N/A
ASCE
1.03
P/B Ratio
OPER
N/A
ASCE
2.79
OPER vs ASCE - Historical Returns
Returns include dividend reinvestment.
1M
Winner
OPER
+0.29%
ASCE
-1.80%
3M
OPER
+0.87%
Winner
ASCE
+9.05%
6M
OPER
+1.78%
Winner
ASCE
+18.88%
1Y
OPER
+3.95%
Winner
ASCE
+34.73%
5Y(CAGR)
OPER
+3.74%
ASCE
N/A
10Y(CAGR)
OPER
+2.81%
ASCE
N/A
Max(CAGR)
OPER
+2.81%
Winner
ASCE
+35.24%
OPER vs ASCE - Annual Returns (2018 - 2026)
Returns include dividend reinvestment.
| Year | OPER | ASCE |
|---|---|---|
| 2026 | +2.02% | +24.43% |
| 2025 | +4.36% | +8.61% |
| 2024 | +5.33% | N/A |
| 2023 | +5.06% | N/A |
| 2022 | +1.75% | N/A |
| 2021 | +0.37% | N/A |
| 2020 | +0.64% | N/A |
| 2019 | +2.15% | N/A |
| 2018 | +0.90% | N/A |
OPER vs ASCE Drawdown Comparison
The maximum drawdown for OPER was -2.33%, occurring on Nov 19, 2018. Recovery took 280 trading sessions.
The maximum drawdown for ASCE was -9.22%, occurring on Nov 20, 2025. Recovery took 54 trading sessions.
The current ASCE drawdown is -3.98%.
| Rank | OPER | ASCE |
|---|---|---|
| #1 | -2.33% Nov 15, 2018 - Dec 30, 2019 | -9.22% Sep 18, 2025 - Dec 4, 2025 |
| #2 | -0.13% Feb 24, 2022 - May 12, 2022 | -8.45% Feb 25, 2026 - Apr 8, 2026 |
| #3 | -0.11% Mar 28, 2024 - Apr 2, 2024 | -4.95% May 6, 2026 - May 26, 2026 |
| #4 | -0.11% Mar 17, 2020 - May 26, 2020 | -4.34% Jun 22, 2026 - Jul 17, 2026 |
| #5 | -0.09% Mar 31, 2025 - Apr 8, 2025 | -4.22% Dec 22, 2025 - Jan 9, 2026 |
| #6 | -0.07% Apr 29, 2026 - May 11, 2026 | -3.65% Jul 28, 2025 - Aug 8, 2025 |
| #7 | -0.07% Mar 13, 2023 - Mar 20, 2023 | -3.12% Aug 13, 2025 - Aug 22, 2025 |
| #8 | -0.05% Mar 2, 2021 - Mar 17, 2021 | -3.10% Jan 22, 2026 - Feb 6, 2026 |
| #9 | -0.05% Mar 25, 2024 - Mar 27, 2024 | -2.97% Jun 15, 2026 - Jun 22, 2026 |
| #10 | -0.05% Mar 30, 2023 - Apr 3, 2023 | -2.74% Apr 20, 2026 - May 5, 2026 |
| #11 | -0.04% Nov 23, 2022 - Nov 28, 2022 | -2.69% Dec 11, 2025 - Dec 22, 2025 |
| #12 | -0.04% May 12, 2026 - May 15, 2026 | -2.49% Feb 6, 2026 - Feb 18, 2026 |
| #13 | -0.04% Jan 27, 2022 - Feb 24, 2022 | -2.10% Feb 20, 2026 - Feb 25, 2026 |
| #14 | -0.03% Oct 5, 2023 - Oct 9, 2023 | -2.06% Jul 10, 2025 - Jul 23, 2025 |
| #15 | -0.03% Dec 12, 2023 - Dec 15, 2023 | -1.85% Sep 11, 2025 - Sep 18, 2025 |
Correlation
Correlation between OPER and ASCE is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.
0.91
-101
Dividend Comparison (2018 - 2026)
OPER vs ASCE dividend yield comparison.
| Year | OPER | ASCE |
|---|---|---|
| 2026 | 1.74% | 0.00% |
| 2025 | 4.32% | 0.22% |
| 2024 | 5.21% | 0.00% |
| 2023 | 5.03% | 0.00% |
| 2022 | 1.71% | 0.00% |
| 2021 | 0.36% | 0.00% |
| 2020 | 0.64% | 0.00% |
| 2019 | 2.08% | 0.00% |
| 2018 | 0.89% | 0.00% |
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