AMUN vs. ASCI

Last updated Jul 14, 2026

AMUN (abrdn Ultra Short Municipal Income Active ETF) and ASCI (abrdn International Small Cap Active ETF) are both exchange-traded funds - AMUN is a Municipal Bonds fund actively managed by abrdn, while ASCI is a Foreign Small & Mid Cap Equities fund actively managed by abrdn. Both are actively managed. At a correlation of -0.02, they often move in opposite directions. AMUN charges 0.25%/yr vs 0.70%/yr for ASCI.

Performance

AMUN vs. ASCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in abrdn Ultra Short Municipal Income Active ETF (AMUN) and abrdn International Small Cap Active ETF (ASCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AMUN achieves a 1.38% return, which is significantly lower than ASCI's 3.88% return.

AMUN

• 1D: -0.02%
• 1M: 0.21%
• 6M: 1.29%
• YTD: 1.38%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASCI

• 1D: -1.03%
• 1M: -3.20%
• 6M: 0.53%
• YTD: 3.88%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AMUN vs. ASCI - Yearly Performance Comparison

	2026 (YTD)	2025
AMUN abrdn Ultra Short Municipal Income Active ETF	1.38%	0.14%
ASCI abrdn International Small Cap Active ETF	3.88%	1.37%

Correlation

The correlation between AMUN and ASCI is -0.02, 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 Oct 20, 2025	-0.02

Return for Risk

AMUN vs. ASCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for abrdn Ultra Short Municipal Income Active ETF (AMUN) and abrdn International Small Cap Active ETF (ASCI). 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.

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.

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

Drawdowns

AMUN vs. ASCI - Drawdown Comparison

The maximum AMUN drawdown since its inception was -0.61%, smaller than the maximum ASCI drawdown of -11.22%. Use the drawdown chart below to compare losses from any high point for AMUN and ASCI.

Drawdown Indicators

	AMUN	ASCI	Difference
Max Drawdown Largest peak-to-trough decline	-0.61%	-11.22%	+10.61%
Current Drawdown Current decline from peak	-0.02%	-6.03%	+6.01%
Average Drawdown Average peak-to-trough decline	-0.08%	-2.63%	+2.55%

Volatility

Volatility by Period

	AMUN	ASCI	Difference
Volatility (1Y) Calculated over the trailing 1-year period	0.95%	19.16%	-18.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.95%	19.16%	-18.21%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.95%	19.16%	-18.21%

AMUN vs. ASCI - Expense Ratio Comparison

AMUN has a 0.25% expense ratio, which is lower than ASCI's 0.70% expense ratio.

Dividends

AMUN vs. ASCI - Dividend Comparison

AMUN's dividend yield for the trailing twelve months is around 2.13%, more than ASCI's 0.77% yield.

Position	TTM	2025
AMUN abrdn Ultra Short Municipal Income Active ETF	2.13%	0.66%
ASCI abrdn International Small Cap Active ETF	0.77%	0.80%

Frequently Asked Questions

Can I hold both AMUN and ASCI in my portfolio?

AMUN and ASCI have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AMUN or ASCI?

On fees, AMUN is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AMUN or ASCI?

AMUN is cheaper with a 0.25% expense ratio, compared with 0.70% for ASCI.

Which ETF pays a higher dividend yield, AMUN or ASCI?

AMUN has the higher dividend yield at 2.13%, compared with 0.77% for ASCI.

What is the main difference between AMUN and ASCI?

AMUN is categorized as Municipal Bonds, while ASCI is Foreign Small & Mid Cap Equities. Their fees differ too: 0.25% for AMUN and 0.70% for ASCI.