AUSM vs. FTOH
AUSM (Allspring Ultra Short Municipal ETF) and FTOH (Franklin Ohio Municipal Income ETF) are both Municipal Bonds funds. AUSM is actively managed, while FTOH is passively managed. Their 0.04 correlation means their historical movements had little consistent relationship. AUSM charges 0.18%/yr vs 0.35%/yr for FTOH.
Performance
AUSM vs. FTOH - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with AUSM having a 1.33% return and FTOH slightly lower at 1.32%.
AUSM
- 1D
- 0.04%
- 1M
- 0.03%
- 6M
- 0.98%
- YTD
- 1.33%
- 1Y
- 2.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 2.74%
FTOH
- 1D
- 0.04%
- 1M
- -1.50%
- 6M
- 0.64%
- YTD
- 1.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $83.64K | $57.55K | $107.96K | |
| $250.40K | $304.91K | $311.60K |
AUSM vs. FTOH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 1.33% | 0.55% |
FTOH Franklin Ohio Municipal Income ETF | 1.32% | 0.08% |
Correlation
The correlation between AUSM and FTOH is 0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025 | 0.04 |
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Return for Risk
AUSM vs. FTOH — Risk / Return Rank
AUSM
FTOH
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AUSM vs. FTOH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Ultra Short Municipal ETF (AUSM) and Franklin Ohio Municipal Income ETF (FTOH). 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 | FTOH | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 2.06 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.43 | — | — |
| Martin ratioReturn relative to average drawdown | 18.34 | — | — |
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Drawdowns
AUSM vs. FTOH - Drawdown Comparison
The maximum AUSM drawdown since its inception was -0.42%, smaller than the maximum FTOH drawdown of -2.59%. Use the drawdown chart below to compare losses from any high point for AUSM and FTOH.
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Drawdown Indicators
| AUSM | FTOH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.42% | -2.59% | +2.17% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | — | — |
Current DrawdownCurrent decline from peak | -0.13% | -1.67% | +1.54% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -0.55% | +0.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.15% | — | — |
Volatility
AUSM vs. FTOH - Volatility Comparison
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Volatility by Period
| AUSM | FTOH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.23% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.50% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.76% | 3.47% | -2.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.74% | 3.47% | -2.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.74% | 3.47% | -2.73% |
AUSM vs. FTOH - Expense Ratio Comparison
AUSM has a 0.18% expense ratio, which is lower than FTOH's 0.35% expense ratio.
Dividends
AUSM vs. FTOH - Dividend Comparison
AUSM's dividend yield for the trailing twelve months is around 2.77%, less than FTOH's 2.92% yield.
| Position | TTM | 2025 |
|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 2.77% | 1.26% |
FTOH Franklin Ohio Municipal Income ETF | 2.92% | 0.56% |
Frequently Asked Questions
AUSM and FTOH have a correlation of 0.04, 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 0.35% for FTOH.
FTOH has the higher dividend yield at 2.92%, compared with 2.77% for AUSM.
They also come from different issuers: Allspring and Franklin Templeton. Their fees differ too: 0.18% for AUSM and 0.35% for FTOH.
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