AFIX vs. AUSM
AFIX (Allspring Broad Market Core Bond ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both exchange-traded funds - AFIX is a Intermediate Core Bond fund actively managed by Allspring, while AUSM is a Municipal Bonds fund actively managed by Allspring. Both are actively managed. At a correlation of -0.03, they often move in opposite directions. AFIX charges 0.20%/yr vs 0.18%/yr for AUSM.
Performance
AFIX vs. AUSM - Performance Comparison
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Returns By Period
In the year-to-date period, AFIX achieves a 0.31% return, which is significantly lower than AUSM's 0.98% return.
AFIX
- 1D
- -0.22%
- 1M
- 0.23%
- YTD
- 0.31%
- 6M
- 0.22%
- 1Y
- 5.65%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUSM
- 1D
- -0.02%
- 1M
- 0.21%
- YTD
- 0.98%
- 6M
- 1.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AFIX vs. AUSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AFIX Allspring Broad Market Core Bond ETF | 0.31% | 4.15% |
AUSM Allspring Ultra Short Municipal ETF | 0.98% | 1.63% |
Correlation
The correlation between AFIX and AUSM is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | -0.03 |
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Return for Risk
AFIX vs. AUSM — Risk / Return Rank
AFIX
AUSM
AFIX vs. AUSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Broad Market Core Bond ETF (AFIX) and Allspring Ultra Short Municipal ETF (AUSM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| AFIX | AUSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.26 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.83 | — | — |
| Martin ratioReturn relative to average drawdown | 5.67 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| AFIX | AUSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.89 | 3.98 | -3.08 |
Drawdowns
AFIX vs. AUSM - Drawdown Comparison
The maximum AFIX drawdown since its inception was -3.33%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for AFIX and AUSM.
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Drawdown Indicators
| AFIX | AUSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.33% | -0.42% | -2.91% |
Max Drawdown (1Y)Largest decline over 1 year | -3.10% | — | — |
Current DrawdownCurrent decline from peak | -1.88% | -0.02% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -0.96% | -0.09% | -0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.00% | — | — |
Volatility
AFIX vs. AUSM - Volatility Comparison
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Volatility by Period
| AFIX | AUSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.87% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.97% | 0.73% | +3.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 0.73% | +3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 0.73% | +3.82% |
AFIX vs. AUSM - Expense Ratio Comparison
AFIX has a 0.20% expense ratio, which is higher than AUSM's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AFIX vs. AUSM - Dividend Comparison
AFIX's dividend yield for the trailing twelve months is around 5.02%, more than AUSM's 2.39% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AFIX Allspring Broad Market Core Bond ETF | 5.02% | 4.94% | 0.38% |
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% | 0.00% |
Frequently Asked Questions
AFIX and AUSM have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AUSM is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AUSM is cheaper with a 0.18% expense ratio, compared with 0.20% for AFIX.
AFIX has the higher dividend yield at 5.02%, compared with 2.39% for AUSM.
AFIX is categorized as Intermediate Core Bond, while AUSM is Municipal Bonds. Their fees differ too: 0.20% for AFIX and 0.18% for AUSM.
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