AUSM vs. BSMW
AUSM (Allspring Ultra Short Municipal ETF) and BSMW (Invesco BulletShares 2032 Municipal Bond ETF) are both Municipal Bonds funds. AUSM is actively managed, while BSMW is passively managed. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
AUSM vs. BSMW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AUSM achieves a 0.98% return, which is significantly lower than BSMW's 1.30% return.
AUSM
- 1D
- -0.02%
- 1M
- 0.21%
- YTD
- 0.98%
- 6M
- 1.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMW
- 1D
- 0.11%
- 1M
- 0.55%
- YTD
- 1.30%
- 6M
- 1.59%
- 1Y
- 6.93%
- 3Y*
- 3.20%
- 5Y*
- —
- 10Y*
- —
AUSM vs. BSMW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 0.98% | 1.63% |
BSMW Invesco BulletShares 2032 Municipal Bond ETF | 1.30% | 4.31% |
Correlation
The correlation between AUSM and BSMW is 0.12, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025 | 0.12 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
AUSM vs. BSMW — Risk / Return Rank
AUSM
BSMW
AUSM vs. BSMW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Ultra Short Municipal ETF (AUSM) and Invesco BulletShares 2032 Municipal Bond ETF (BSMW). 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.
Loading charts...
Sharpe Ratios by Period
| AUSM | BSMW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.48 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.98 | 0.69 | +3.28 |
Drawdowns
AUSM vs. BSMW - Drawdown Comparison
The maximum AUSM drawdown since its inception was -0.42%, smaller than the maximum BSMW drawdown of -7.57%. Use the drawdown chart below to compare losses from any high point for AUSM and BSMW.
Loading charts...
Drawdown Indicators
| AUSM | BSMW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.42% | -7.57% | +7.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.92% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -7.34% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.98% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -1.72% | +1.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.92% | — |
Volatility
AUSM vs. BSMW - Volatility Comparison
Loading charts...
Volatility by Period
| AUSM | BSMW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.93% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.98% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.73% | 2.82% | -2.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.73% | 5.00% | -4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.73% | 5.00% | -4.27% |
AUSM vs. BSMW - Expense Ratio Comparison
Both AUSM and BSMW have an expense ratio of 0.18%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
AUSM vs. BSMW - Dividend Comparison
AUSM's dividend yield for the trailing twelve months is around 2.39%, less than BSMW's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% | 0.00% | 0.00% |
BSMW Invesco BulletShares 2032 Municipal Bond ETF | 3.20% | 3.24% | 3.48% | 2.36% |
Frequently Asked Questions
AUSM and BSMW have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
AUSM and BSMW have the same expense ratio: 0.18% per year.
BSMW has the higher dividend yield at 3.20%, compared with 2.39% for AUSM.
They also come from different issuers: Allspring and Invesco.
Find the right allocation for AUSM and BSMW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer