AUSM vs. TXXI

Last updated Jun 5, 2026

AUSM (Allspring Ultra Short Municipal ETF) and TXXI (BondBloxx IR+M Tax-Aware Intermediate Duration ETF) are both Municipal Bonds funds. Both are actively managed. At a 0.14 correlation, their price movements are largely independent. AUSM charges 0.18%/yr vs 0.35%/yr for TXXI.

Performance

AUSM vs. TXXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Allspring Ultra Short Municipal ETF (AUSM) and BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AUSM achieves a 1.02% return, which is significantly lower than TXXI's 1.45% return.

AUSM

• 1D: 0.04%
• 1M: 0.25%
• YTD: 1.02%
• 6M: 1.36%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TXXI

• 1D: 0.13%
• 1M: 0.59%
• YTD: 1.45%
• 6M: 2.04%
• 1Y: 6.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

AUSM vs. TXXI - Yearly Performance Comparison

	2026 (YTD)	2025
AUSM Allspring Ultra Short Municipal ETF	1.02%	1.63%
TXXI BondBloxx IR+M Tax-Aware Intermediate Duration ETF	1.45%	4.43%

Correlation

The correlation between AUSM and TXXI is 0.14, 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	0.14

Return for Risk

AUSM vs. TXXI — Risk / Return Rank

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

TXXI

TXXI Risk / Return Rank: 65
TXXI Sharpe Ratio Rank: 74
TXXI Sortino Ratio Rank: 74
TXXI Omega Ratio Rank: 87
TXXI Calmar Ratio Rank: 45
TXXI Martin Ratio Rank: 44

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.

AUSM vs. TXXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Allspring Ultra Short Municipal ETF (AUSM) and BondBloxx IR+M Tax-Aware Intermediate Duration ETF (TXXI). 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.

Sharpe Ratios by Period

	AUSM	TXXI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.36	—
Sharpe Ratio (All Time) Calculated using the full available price history	4.03	1.38	+2.65

Drawdowns

AUSM vs. TXXI - Drawdown Comparison

The maximum AUSM drawdown since its inception was -0.42%, smaller than the maximum TXXI drawdown of -3.08%. Use the drawdown chart below to compare losses from any high point for AUSM and TXXI.

Drawdown Indicators

	AUSM	TXXI	Difference
Max Drawdown Largest peak-to-trough decline	-0.42%	-3.08%	+2.66%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.08%	—
Current Drawdown Current decline from peak	0.00%	-0.87%	+0.87%
Average Drawdown Average peak-to-trough decline	-0.09%	-0.71%	+0.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.94%	—

Volatility

Volatility by Period

	AUSM	TXXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.84%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.24%	—
Volatility (1Y) Calculated over the trailing 1-year period	0.73%	2.84%	-2.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	0.73%	3.46%	-2.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	0.73%	3.46%	-2.73%

AUSM vs. TXXI - Expense Ratio Comparison

AUSM has a 0.18% expense ratio, which is lower than TXXI's 0.35% expense ratio.

Dividends

AUSM vs. TXXI - Dividend Comparison

AUSM's dividend yield for the trailing twelve months is around 2.39%, less than TXXI's 3.46% yield.

Position	TTM	2025
AUSM Allspring Ultra Short Municipal ETF	2.39%	1.26%
TXXI BondBloxx IR+M Tax-Aware Intermediate Duration ETF	3.46%	2.85%

Frequently Asked Questions

Can I hold both AUSM and TXXI in my portfolio?

AUSM and TXXI have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AUSM or TXXI?

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.

Which ETF is cheaper, AUSM or TXXI?

AUSM is cheaper with a 0.18% expense ratio, compared with 0.35% for TXXI.

Which ETF pays a higher dividend yield, AUSM or TXXI?

TXXI has the higher dividend yield at 3.46%, compared with 2.39% for AUSM.

What is the main difference between AUSM and TXXI?

They also come from different issuers: Allspring and BondBloxx. Their fees differ too: 0.18% for AUSM and 0.35% for TXXI.