AINP vs. TMB

Last updated Jun 3, 2026

AINP (Allspring Income Plus ETF) and TMB (Thornburg Multi Sector Bond ETF) are both Multisector Bonds funds. Both are actively managed. Their correlation of 0.87 suggests significant overlap in exposure. AINP charges 0.36%/yr vs 0.55%/yr for TMB.

Performance

AINP vs. TMB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Income Plus ETF (AINP) and Thornburg Multi Sector Bond ETF (TMB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

AINP

• 1D: 0.00%
• 1M: 0.70%
• YTD: 1.33%
• 6M: 1.86%
• 1Y: 6.72%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TMB

• 1D: 0.10%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AINP vs. TMB - Yearly Performance Comparison

	2026 (YTD)
AINP Allspring Income Plus ETF	0.32%
TMB Thornburg Multi Sector Bond ETF	0.40%

Correlation

The correlation between AINP and TMB is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 27, 2026	0.87

Return for Risk

AINP vs. TMB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AINP

AINP Risk / Return Rank: 61
AINP Sharpe Ratio Rank: 60
AINP Sortino Ratio Rank: 67
AINP Omega Ratio Rank: 67
AINP Calmar Ratio Rank: 52
AINP Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AINP vs. TMB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Income Plus ETF (AINP) and Thornburg Multi Sector Bond ETF (TMB). 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.

	AINP	TMB	Difference
Sharpe ratio Return per unit of total volatility	2.07	—	—
Sortino ratio Return per unit of downside risk	3.15	—	—
Omega ratio Gain probability vs. loss probability	1.41	—	—
Calmar ratio Return relative to maximum drawdown	2.64	—	—
Martin ratio Return relative to average drawdown	10.86	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	AINP	TMB	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.41	15.15	-13.74

Drawdowns

AINP vs. TMB - Drawdown Comparison

The maximum AINP drawdown since its inception was -2.61%, which is greater than TMB's maximum drawdown of -0.10%. Use the drawdown chart below to compare losses from any high point for AINP and TMB.

Drawdown Indicators

	AINP	TMB	Difference
Max Drawdown Largest peak-to-trough decline	-2.61%	-0.10%	-2.51%
Max Drawdown (1Y) Largest decline over 1 year	-2.51%	—	—
Current Drawdown Current decline from peak	0.00%	-0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.47%	-0.02%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.61%	—	—

Volatility

Volatility by Period

	AINP	TMB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.15%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.26%	1.66%	+1.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.63%	1.66%	+1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.63%	1.66%	+1.97%

AINP vs. TMB - Expense Ratio Comparison

AINP has a 0.36% expense ratio, which is lower than TMB's 0.55% expense ratio.

Dividends

AINP vs. TMB - Dividend Comparison

AINP's dividend yield for the trailing twelve months is around 5.77%, more than TMB's 0.36% yield.

Position	TTM	2025	2024
AINP Allspring Income Plus ETF	5.77%	5.03%	0.47%
TMB Thornburg Multi Sector Bond ETF	0.36%	0.00%	0.00%

Frequently Asked Questions

Can I hold both AINP and TMB in my portfolio?

AINP and TMB have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AINP or TMB?

On fees, AINP is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AINP or TMB?

AINP is cheaper with a 0.36% expense ratio, compared with 0.55% for TMB.

Which ETF pays a higher dividend yield, AINP or TMB?

AINP has the higher dividend yield at 5.77%, compared with 0.36% for TMB.

What is the main difference between AINP and TMB?

They also come from different issuers: Allspring and Thornburg. Their fees differ too: 0.36% for AINP and 0.55% for TMB.