ASLV vs. APLU

Last updated Jun 3, 2026

ASLV (Allspring Special Large Value ETF) and APLU (Allspring Core Plus ETF) are both exchange-traded funds - ASLV is a Large Cap Value Equities fund actively managed by Allspring, while APLU is a Intermediate Core-Plus Bond fund actively managed by Allspring. Both are actively managed. Over the past year, ASLV returned 17.88% vs 6.05% for APLU. At a 0.31 correlation, their price movements are largely independent. ASLV charges 0.35%/yr vs 0.31%/yr for APLU.

Performance

ASLV vs. APLU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Special Large Value ETF (ASLV) and Allspring Core Plus ETF (APLU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ASLV achieves a 5.24% return, which is significantly higher than APLU's 0.63% return.

ASLV

• 1D: 0.35%
• 1M: -0.42%
• YTD: 5.24%
• 6M: 6.19%
• 1Y: 17.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

APLU

• 1D: 0.10%
• 1M: 0.36%
• YTD: 0.63%
• 6M: 0.89%
• 1Y: 6.05%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ASLV vs. APLU - Yearly Performance Comparison

	2026 (YTD)	2025
ASLV Allspring Special Large Value ETF	5.24%	14.10%
APLU Allspring Core Plus ETF	0.63%	5.51%

Correlation

The correlation between ASLV and APLU is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (All Time) Calculated using the full available price history since Mar 28, 2025	0.31

Return for Risk

ASLV vs. APLU — Risk / Return Rank

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

ASLV

ASLV Risk / Return Rank: 42
ASLV Sharpe Ratio Rank: 42
ASLV Sortino Ratio Rank: 43
ASLV Omega Ratio Rank: 40
ASLV Calmar Ratio Rank: 40
ASLV Martin Ratio Rank: 44

APLU

APLU Risk / Return Rank: 41
APLU Sharpe Ratio Rank: 42
APLU Sortino Ratio Rank: 42
APLU Omega Ratio Rank: 41
APLU Calmar Ratio Rank: 40
APLU Martin Ratio Rank: 39

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.

ASLV vs. APLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Special Large Value ETF (ASLV) and Allspring Core Plus ETF (APLU). 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.

	ASLV	APLU	Difference
Sharpe ratio Return per unit of total volatility	1.52	1.50	+0.02
Sortino ratio Return per unit of downside risk	2.20	2.17	+0.04
Omega ratio Gain probability vs. loss probability	1.27	1.27	-0.01
Calmar ratio Return relative to maximum drawdown	2.05	2.02	+0.03
Martin ratio Return relative to average drawdown	7.24	6.31	+0.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ASLV vs. APLU - Sharpe Ratio Comparison

The current ASLV Sharpe Ratio is 1.52, which is comparable to the APLU Sharpe Ratio of 1.50. The chart below compares the historical Sharpe Ratios of ASLV and APLU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ASLV	APLU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.52	1.50	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	1.11	0.79	+0.31

Drawdowns

ASLV vs. APLU - Drawdown Comparison

The maximum ASLV drawdown since its inception was -10.98%, which is greater than APLU's maximum drawdown of -3.24%. Use the drawdown chart below to compare losses from any high point for ASLV and APLU.

Drawdown Indicators

	ASLV	APLU	Difference
Max Drawdown Largest peak-to-trough decline	-10.98%	-3.24%	-7.74%
Max Drawdown (1Y) Largest decline over 1 year	-8.69%	-2.84%	-5.85%
Current Drawdown Current decline from peak	-1.33%	-1.14%	-0.19%
Average Drawdown Average peak-to-trough decline	-1.75%	-0.89%	-0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	0.91%	+1.55%

Volatility

ASLV vs. APLU - Volatility Comparison

Allspring Special Large Value ETF (ASLV) has a higher volatility of 3.32% compared to Allspring Core Plus ETF (APLU) at 1.45%. This indicates that ASLV's price experiences larger fluctuations and is considered to be riskier than APLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ASLV	APLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.32%	1.45%	+1.87%
Volatility (6M) Calculated over the trailing 6-month period	9.26%	2.82%	+6.44%
Volatility (1Y) Calculated over the trailing 1-year period	11.82%	4.05%	+7.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.28%	5.06%	+10.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.28%	5.06%	+10.22%

ASLV vs. APLU - Expense Ratio Comparison

ASLV has a 0.35% expense ratio, which is higher than APLU's 0.31% expense ratio.

Dividends

ASLV vs. APLU - Dividend Comparison

ASLV's dividend yield for the trailing twelve months is around 0.83%, less than APLU's 5.41% yield.

Position	TTM	2025	2024
APLU Allspring Core Plus ETF	5.41%	5.13%	0.44%
ASLV Allspring Special Large Value ETF	0.83%	0.87%	0.00%

Frequently Asked Questions

Can I hold both ASLV and APLU in my portfolio?

ASLV and APLU have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ASLV or APLU?

ASLV has higher volatility (3.32%) compared to APLU (1.45%). In terms of maximum drawdown, ASLV dropped -10.98% vs APLU's -3.24%.

Which ETF is better, ASLV or APLU?

On 1-year performance, ASLV leads with 17.88% vs 6.05% for APLU. On fees, APLU is cheaper at 0.31% per year. On volatility, APLU has been the lower-risk option at 1.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ASLV or APLU?

Over the 1-year period, ASLV has performed better with a 17.88% return vs 6.05%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ASLV or APLU?

APLU is cheaper with a 0.31% expense ratio, compared with 0.35% for ASLV.

Which ETF pays a higher dividend yield, ASLV or APLU?

APLU has the higher dividend yield at 5.41%, compared with 0.83% for ASLV.

What is the main difference between ASLV and APLU?

ASLV is categorized as Large Cap Value Equities, while APLU is Intermediate Core-Plus Bond. Their fees differ too: 0.35% for ASLV and 0.31% for APLU.

Which has better risk-adjusted returns?

ASLV currently has the higher Sharpe Ratio (1.52 vs 1.50), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.