Allspring Ultra Short Municipal ETF (AUSM) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with AUSM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to AUSM
AUSM charges 0.18% annually. There are 22 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | AUSM vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.92B | Oct 2022 | AUSM vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 180.62M | Jul 2019 | AUSM vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 153.73M | Aug 2025 | AUSM vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 116.60M | Aug 2025 | AUSM vs TAXS |
Best Risk-Adjusted Alternatives to AUSM
Among 107 ETFs in the Municipal Bonds category with risk / return rank data, the top risk-adjusted alternatives shown here go as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2027 Municipal Bond ETF | 97 | 9.88M | Sep 2024 | AUSM vs MYMG | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | AUSM vs MYMF | |
| First Trust Ultra Short Duration Municipal ETF | 96 | 246.08M | Nov 2018 | AUSM vs FUMB | |
| iShares Short Maturity Municipal Bond ETF | 95 | 1.39B | Mar 2015 | AUSM vs MEAR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 95 | 38.99M | Jul 2024 | AUSM vs GUMI |
Top Performing AUSM Alternatives (YTD)
AUSM is at 1.18% YTD. There are 101 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.08% | 142.76M | Jun 2013 | AUSM vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.93% | 19.03M | Sep 2016 | AUSM vs MFLX | |
| Rareview Tax Advantaged Income ETF | 3.90% | 18.13M | Oct 2020 | AUSM vs RTAI | |
| T. Rowe Price High Income Municipal ETF | 3.61% | 25.43M | Nov 2025 | AUSM vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.51% | 30.60M | Sep 2019 | AUSM vs OVM |
Lowest Volatility Alternatives to AUSM
AUSM has 0.75% 1-year volatility. There are 2 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 30.59M | Sep 2025 | AUSM vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.73% | 8.74M | Sep 2024 | AUSM vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.75% | 398.45M | Oct 2007 | AUSM vs CALI | |
| First Trust Ultra Short Duration Municipal ETF | 0.78% | 246.08M | Nov 2018 | AUSM vs FUMB | |
| State Street My2027 Municipal Bond ETF | 0.80% | 9.88M | Sep 2024 | AUSM vs MYMG |
Lowest Drawdown Alternatives to AUSM
Among 107 ETFs in the Municipal Bonds category with 1-year drawdown data, the lowest-drawdown alternatives shown here go as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 246.08M | Nov 2018 | AUSM vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 290.51M | Sep 2019 | AUSM vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | AUSM vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | AUSM vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 587.10M | Apr 2019 | AUSM vs IBMO |
Other ETFs from Allspring
The 7 most viewed Allspring ETFs shown here include AINP, AFIX, ASCE and span 7 categories. AUM among these funds goes as high as $423M.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Allspring Income Plus ETF | Multisector Bonds | 59 | 1.57% | — | Dec 2024 | AUSM vs AINP | |
| Allspring Broad Market Core Bond ETF | Intermediate Core Bond | 36 | 0.59% | — | Dec 2024 | AUSM vs AFIX | |
| Allspring SMID Core ETF | Small Cap Blend Equities | — | 28.36% | 78.82M | Jul 2025 | AUSM vs ASCE | |
| Allspring LT Large Core ETF | Large Cap Blend Equities | — | 5.94% | 7.06M | Jul 2025 | AUSM vs ALRG | |
| Allspring LT Large Growth ETF | Large Cap Growth Equities | 25 | 2.53% | 111.80M | Mar 2025 | AUSM vs AGRW | |
| Allspring Special Large Value ETF | Large Cap Value Equities | 39 | 5.50% | 227.20M | Mar 2025 | AUSM vs ASLV | |
| Allspring Core Plus ETF | Intermediate Core-Plus Bond | 35 | 0.51% | 422.85M | Dec 2024 | AUSM vs APLU |
Often Compared With AUSM
Investors most often compare AUSM with MYMI, RJMI, FTOH. These 20 comparison targets span 1 categories, based on PortfoliosLab usage data.
Compare AUSM with Any Fund or Stock
Compare AUSM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair AUSM with funds that move differently
Allspring Ultra Short Municipal ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to AUSM.
Explore AUSM Diversifiers