AUSM vs. ITM
AUSM (Allspring Ultra Short Municipal ETF) and ITM (VanEck Intermediate Muni ETF) are both Municipal Bonds funds. AUSM is actively managed, while ITM is passively managed. At a 0.11 correlation, their price movements are largely independent. AUSM charges 0.18%/yr vs 0.24%/yr for ITM.
Performance
AUSM vs. ITM - Performance Comparison
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Returns By Period
In the year-to-date period, AUSM achieves a 1.18% return, which is significantly higher than ITM's 0.80% return.
AUSM
- 1D
- -0.02%
- 1M
- 0.23%
- YTD
- 1.18%
- 6M
- 1.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITM
- 1D
- -0.04%
- 1M
- 1.26%
- YTD
- 0.80%
- 6M
- 0.83%
- 1Y
- 6.69%
- 3Y*
- 3.42%
- 5Y*
- 0.51%
- 10Y*
- 1.80%
AUSM vs. ITM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 1.18% | 1.58% |
ITM VanEck Intermediate Muni ETF | 0.80% | 5.32% |
Correlation
The correlation between AUSM and ITM is 0.11, 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 8, 2025 | 0.11 |
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Return for Risk
AUSM vs. ITM — Risk / Return Rank
AUSM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ITM
AUSM vs. ITM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Allspring Ultra Short Municipal ETF (AUSM) and VanEck Intermediate Muni ETF (ITM). 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 | ITM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.50 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 1.96 | — |
| Martin ratioReturn relative to average drawdown | — | 6.03 | — |
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Drawdowns
AUSM vs. ITM - Drawdown Comparison
The maximum AUSM drawdown since its inception was -0.42%, smaller than the maximum ITM drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for AUSM and ITM.
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Drawdown Indicators
| AUSM | ITM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.42% | -24.75% | +24.33% |
Max Drawdown (1Y)Largest decline over 1 year | — | -3.43% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -5.68% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.11% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.75% | — |
Current DrawdownCurrent decline from peak | -0.03% | -1.14% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -2.97% | +2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.11% | — |
Volatility
AUSM vs. ITM - Volatility Comparison
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Volatility by Period
| AUSM | ITM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.76% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.22% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 0.75% | 2.83% | -2.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.75% | 4.30% | -3.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.75% | 7.09% | -6.34% |
AUSM vs. ITM - Expense Ratio Comparison
AUSM has a 0.18% expense ratio, which is lower than ITM's 0.24% 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. ITM - Dividend Comparison
AUSM's dividend yield for the trailing twelve months is around 2.39%, less than ITM's 2.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITM VanEck Intermediate Muni ETF | 2.92% | 2.86% | 2.73% | 2.40% | 1.92% | 1.70% | 2.13% | 2.44% | 2.33% | 2.21% | 2.29% | 2.28% |
Frequently Asked Questions
AUSM and ITM have a correlation of 0.11, 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 0.24% for ITM.
ITM has the higher dividend yield at 2.92%, compared with 2.39% for AUSM.
They also come from different issuers: Allspring and VanEck. Their fees differ too: 0.18% for AUSM and 0.24% for ITM.
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