- Issuer
- Allspring
- Inception Date
- Jul 7, 2025
- Region
- North America (U.S.)
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $30M
Share Price Chart
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Performance
AUSM Performance Chart
Allspring Ultra Short Municipal ETF (AUSM) is up 1.1% since the beginning of the year. AUSM is currently trading at $25 per share.
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Returns By Period
Allspring Ultra Short Municipal ETF
- 1D
- 0.00%
- 1M
- 0.36%
- YTD
- 1.12%
- 6M
- 1.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- 0.31%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 24.33%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
AUSM Monthly Returns History
Based on dividend-adjusted daily data since Jul 8, 2025, AUSM's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.
Historically, 92% of months were positive and 8% were negative. The best month was Aug 2025 with a return of +0.4%, while the worst month was Mar 2026 at -0.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 1 months.
On a daily basis, AUSM closed higher 47% of trading days. The best single day was Sep 16, 2025 with a return of +0.3%, while the worst single day was Sep 17, 2025 at -0.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.35% | 0.37% | -0.23% | 0.25% | 0.21% | 0.16% | 1.12% | ||||||
| 2025 | 0.17% | 0.41% | 0.30% | 0.07% | 0.22% | 0.40% | 1.58% |
Benchmark Metrics
Allspring Ultra Short Municipal ETF has an annualized alpha of 2.86%, beta of 0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 08, 2025.
- This ETF captured 6.39% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -9.85%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.86%
- Beta
- 0.00
- R²
- 0.00
- Upside Capture
- 6.39%
- Downside Capture
- -9.85%
Expense Ratio
AUSM has an expense ratio of 0.18%, which is considered low.
Return for Risk
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Allspring Ultra Short Municipal ETF (AUSM) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AUSM | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.34 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.53 | — |
| Martin ratioReturn relative to average drawdown | — | 11.37 | — |
Dividends
Dividend History
Allspring Ultra Short Municipal ETF provided a 2.39% dividend yield over the last twelve months, with an annual payout of $0.60 per share.
| Period | TTM | 2025 |
|---|---|---|
| Dividend | $0.60 | $0.32 |
Dividend yield | 2.39% | 1.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Allspring Ultra Short Municipal ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.06 | $0.05 | $0.05 | $0.06 | $0.05 | $0.00 | $0.28 | ||||||
| 2025 | $0.01 | $0.06 | $0.05 | $0.06 | $0.06 | $0.07 | $0.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Allspring Ultra Short Municipal ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Allspring Ultra Short Municipal ETF was 0.42%, occurring on Sep 29, 2025. Recovery took 50 trading sessions.
The current Allspring Ultra Short Municipal ETF drawdown is 0.04%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 pullback2025 | -0.42%Sep 2025 | 12d | 2mo 11d | 2mo 23dSep 2025 - Dec 2025 |
2026 pullback2026 | -0.28%Mar 2026 | 25d | 13d | 1mo 8dMar 2026 - Apr 2026 |
2026 pullback2026 | -0.13%Apr 2026 | 3d | 1mo 9d | 1mo 12dApr 2026 - May 2026 |
2025 pullback2025 | -0.08%Aug 2025 | 0s | 7d | 7dAug 2025 - Aug 2025 |
2026 pullback2026 | -0.07%May 2026 | 0s | 3d | 3dMay 2026 - May 2026 |
Drawdown Indicators
| AUSM | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.42% | -56.78% | +56.36% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.10% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.04% | -2.34% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -10.72% | +10.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.02% | — |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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