AUSM vs. AFIX
AUSM (Allspring Ultra Short Municipal ETF) and AFIX (Allspring Broad Market Core Bond ETF) are both exchange-traded funds - AUSM is a Municipal Bonds fund actively managed by Allspring, while AFIX is a Intermediate Core Bond fund actively managed by Allspring. Both are actively managed. At a correlation of -0.06, they often move in opposite directions. AUSM charges 0.18%/yr vs 0.20%/yr for AFIX.
Performance
AUSM vs. AFIX - Performance Comparison
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Returns By Period
In the year-to-date period, AUSM achieves a 0.98% return, which is significantly higher than AFIX's 0.71% return.
AUSM
- 1D
- -0.20%
- 1M
- 0.03%
- YTD
- 0.98%
- 6M
- 1.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AFIX
- 1D
- 0.12%
- 1M
- 0.88%
- YTD
- 0.71%
- 6M
- 0.59%
- 1Y
- 4.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUSM vs. AFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 0.98% | 1.58% |
AFIX Allspring Broad Market Core Bond ETF | 0.71% | 4.07% |
Correlation
The correlation between AUSM and AFIX is -0.06, 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 8, 2025 | -0.06 |
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Return for Risk
AUSM vs. AFIX — Risk / Return Rank
AUSM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AFIX
AUSM vs. AFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Ultra Short Municipal ETF (AUSM) and Allspring Broad Market Core Bond ETF (AFIX). 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.
| AUSM | AFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.21 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.49 | — |
| Martin ratioReturn relative to average drawdown | — | 4.27 | — |
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Drawdowns
AUSM vs. AFIX - Drawdown Comparison
The maximum AUSM drawdown since its inception was -0.42%, smaller than the maximum AFIX drawdown of -3.33%. Use the drawdown chart below to compare losses from any high point for AUSM and AFIX.
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Drawdown Indicators
| AUSM | AFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.42% | -3.33% | +2.91% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.10% | — |
Current DrawdownCurrent decline from peak | -0.23% | -1.48% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -0.99% | +0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.08% | — |
Volatility
AUSM vs. AFIX - Volatility Comparison
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Volatility by Period
| AUSM | AFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.18% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.97% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.78% | 3.94% | -3.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.78% | 4.53% | -3.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.78% | 4.53% | -3.75% |
AUSM vs. AFIX - Expense Ratio Comparison
AUSM has a 0.18% expense ratio, which is lower than AFIX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AUSM vs. AFIX - Dividend Comparison
AUSM's dividend yield for the trailing twelve months is around 2.39%, less than AFIX's 4.63% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AFIX Allspring Broad Market Core Bond ETF | 4.63% | 4.94% | 0.38% |
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% | 0.00% |
Frequently Asked Questions
AUSM and AFIX have a correlation of -0.06, 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 0.20% for AFIX.
AFIX has the higher dividend yield at 4.63%, compared with 2.39% for AUSM.
AUSM is categorized as Municipal Bonds, while AFIX is Intermediate Core Bond. Their fees differ too: 0.18% for AUSM and 0.20% for AFIX.
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