APLU vs. AUSM
APLU (Allspring Core Plus ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both exchange-traded funds - APLU is a Intermediate Core-Plus 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 -0.02, they often move in opposite directions. APLU charges 0.31%/yr vs 0.18%/yr for AUSM.
Performance
APLU vs. AUSM - Performance Comparison
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Returns By Period
In the year-to-date period, APLU achieves a 0.35% return, which is significantly lower than AUSM's 0.98% return.
APLU
- 1D
- -0.28%
- 1M
- 0.40%
- YTD
- 0.35%
- 6M
- 0.45%
- 1Y
- 5.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUSM
- 1D
- -0.02%
- 1M
- 0.21%
- YTD
- 0.98%
- 6M
- 1.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
APLU vs. AUSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
APLU Allspring Core Plus ETF | 0.35% | 4.18% |
AUSM Allspring Ultra Short Municipal ETF | 0.98% | 1.63% |
Correlation
The correlation between APLU and AUSM 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 Jul 9, 2025 | -0.02 |
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Return for Risk
APLU vs. AUSM — Risk / Return Rank
APLU
AUSM
APLU vs. AUSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Core Plus ETF (APLU) 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.
| APLU | AUSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.25 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | — | — |
| Martin ratioReturn relative to average drawdown | 6.22 | — | — |
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
| APLU | AUSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.75 | 3.98 | -3.22 |
Drawdowns
APLU vs. AUSM - Drawdown Comparison
The maximum APLU drawdown since its inception was -3.24%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for APLU and AUSM.
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Drawdown Indicators
| APLU | AUSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.24% | -0.42% | -2.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.84% | — | — |
Current DrawdownCurrent decline from peak | -1.42% | -0.02% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -0.09% | -0.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.91% | — | — |
Volatility
APLU vs. AUSM - Volatility Comparison
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Volatility by Period
| APLU | AUSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.82% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 4.05% | 0.73% | +3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.06% | 0.73% | +4.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.06% | 0.73% | +4.33% |
APLU vs. AUSM - Expense Ratio Comparison
APLU has a 0.31% expense ratio, which is higher than AUSM's 0.18% expense ratio.
Dividends
APLU vs. AUSM - Dividend Comparison
APLU's dividend yield for the trailing twelve months is around 5.43%, more than AUSM's 2.39% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
APLU Allspring Core Plus ETF | 5.43% | 5.13% | 0.44% |
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% | 0.00% |
Frequently Asked Questions
APLU and AUSM 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.
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 0.31% for APLU.
APLU has the higher dividend yield at 5.43%, compared with 2.39% for AUSM.
APLU is categorized as Intermediate Core-Plus Bond, while AUSM is Municipal Bonds. Their fees differ too: 0.31% for APLU and 0.18% for AUSM.
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