ASCI vs. AMUN

Last updated Apr 1, 2026

Compare and contrast key facts about abrdn International Small Cap Active ETF (ASCI) and abrdn Ultra Short Municipal Income Active ETF (AMUN).

ASCI and AMUN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ASCI is an actively managed fund by abrdn. It was launched on Oct 17, 2025. AMUN is an actively managed fund by abrdn. It was launched on Oct 20, 2025.

Performance

ASCI vs. AMUN - Performance Comparison

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

ASCI vs. AMUN - Yearly Performance Comparison

	2026 (YTD)	2025
ASCI abrdn International Small Cap Active ETF	-3.73%	1.11%
AMUN abrdn Ultra Short Municipal Income Active ETF	0.54%	0.14%

Returns By Period

In the year-to-date period, ASCI achieves a -3.73% return, which is significantly lower than AMUN's 0.54% return.

ASCI

• 1D: 3.16%
• 1M: -7.77%
• YTD: -3.73%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AMUN

• 1D: 0.02%
• 1M: -0.04%
• YTD: 0.54%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASCI vs. AMUN - Expense Ratio Comparison

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

ASCI

abrdn International Small Cap Active ETF

AMUN

abrdn Ultra Short Municipal Income Active ETF

Return for Risk

ASCI vs. AMUN - Risk-Adjusted Trends Comparison

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

	ASCI	AMUN	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	-0.34	1.39	-1.72

Correlation

The correlation between ASCI and AMUN is 0.04, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ASCI vs. AMUN - Dividend Comparison

ASCI's dividend yield for the trailing twelve months is around 0.83%, less than AMUN's 1.14% yield.

	TTM	2025
ASCI abrdn International Small Cap Active ETF	0.83%	0.80%
AMUN abrdn Ultra Short Municipal Income Active ETF	1.14%	0.66%

Drawdowns

ASCI vs. AMUN - Drawdown Comparison

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

Drawdown Indicators

	ASCI	AMUN	Difference
Max Drawdown Largest peak-to-trough decline	-11.22%	-0.61%	-10.61%
Current Drawdown Current decline from peak	-8.41%	-0.05%	-8.36%
Average Drawdown Average peak-to-trough decline	-2.49%	-0.11%	-2.38%

Volatility

Volatility by Period

	ASCI	AMUN	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.79%	1.12%	+16.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.79%	1.12%	+16.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.79%	1.12%	+16.67%