ALRG vs. AUSM

Last updated Jun 4, 2026

ALRG (Allspring LT Large Core ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both exchange-traded funds - ALRG is a Large Cap Blend Equities fund actively managed by Allspring, while AUSM is a Municipal Bonds fund actively managed by Allspring. Both are actively managed. At a 0.07 correlation, their price movements are largely independent. ALRG charges 0.28%/yr vs 0.18%/yr for AUSM.

Performance

ALRG vs. AUSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring LT Large Core ETF (ALRG) and Allspring Ultra Short Municipal ETF (AUSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ALRG achieves a 9.39% return, which is significantly higher than AUSM's 0.98% return.

ALRG

• 1D: -0.66%
• 1M: 3.23%
• YTD: 9.39%
• 6M: 9.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AUSM

• 1D: -0.02%
• 1M: 0.21%
• YTD: 0.98%
• 6M: 1.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ALRG vs. AUSM - Yearly Performance Comparison

	2026 (YTD)	2025
ALRG Allspring LT Large Core ETF	9.39%	11.95%
AUSM Allspring Ultra Short Municipal ETF	0.98%	1.63%

Correlation

The correlation between ALRG and AUSM is 0.07, 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	0.07

Return for Risk

ALRG vs. AUSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring LT Large Core ETF (ALRG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ALRG	AUSM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	2.01	3.98	-1.97

Drawdowns

ALRG vs. AUSM - Drawdown Comparison

The maximum ALRG drawdown since its inception was -9.27%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for ALRG and AUSM.

Drawdown Indicators

	ALRG	AUSM	Difference
Max Drawdown Largest peak-to-trough decline	-9.27%	-0.42%	-8.85%
Current Drawdown Current decline from peak	-0.66%	-0.02%	-0.64%
Average Drawdown Average peak-to-trough decline	-1.30%	-0.09%	-1.21%

Volatility

Volatility by Period

	ALRG	AUSM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	12.52%	0.73%	+11.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.52%	0.73%	+11.79%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.52%	0.73%	+11.79%

ALRG vs. AUSM - Expense Ratio Comparison

ALRG has a 0.28% expense ratio, which is higher than AUSM's 0.18% expense ratio.

Dividends

ALRG vs. AUSM - Dividend Comparison

ALRG's dividend yield for the trailing twelve months is around 0.43%, less than AUSM's 2.39% yield.

Position	TTM	2025
ALRG Allspring LT Large Core ETF	0.43%	0.47%
AUSM Allspring Ultra Short Municipal ETF	2.39%	1.26%

Frequently Asked Questions

Can I hold both ALRG and AUSM in my portfolio?

ALRG and AUSM have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ALRG or AUSM?

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.

Which ETF is cheaper, ALRG or AUSM?

AUSM is cheaper with a 0.18% expense ratio, compared with 0.28% for ALRG.

Which ETF pays a higher dividend yield, ALRG or AUSM?

AUSM has the higher dividend yield at 2.39%, compared with 0.43% for ALRG.

What is the main difference between ALRG and AUSM?

ALRG is categorized as Large Cap Blend Equities, while AUSM is Municipal Bonds. Their fees differ too: 0.28% for ALRG and 0.18% for AUSM.