AVMU vs. AUSM
AVMU (Avantis Core Municipal Fixed Income ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both Municipal Bonds funds. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. AVMU charges 0.15%/yr vs 0.18%/yr for AUSM.
Performance
AVMU vs. AUSM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, AVMU achieves a 1.91% return, which is significantly higher than AUSM's 1.18% return.
AVMU
- 1D
- -0.08%
- 1M
- 1.43%
- YTD
- 1.91%
- 6M
- 2.15%
- 1Y
- 7.95%
- 3Y*
- 3.50%
- 5Y*
- 1.00%
- 10Y*
- —
AUSM
- 1D
- -0.02%
- 1M
- 0.23%
- YTD
- 1.18%
- 6M
- 1.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AVMU vs. AUSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AVMU Avantis Core Municipal Fixed Income ETF | 1.91% | 5.75% |
AUSM Allspring Ultra Short Municipal ETF | 1.18% | 1.58% |
Correlation
The correlation between AVMU and AUSM 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 8, 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
AVMU vs. AUSM — Risk / Return Rank
AVMU
AUSM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
AVMU vs. AUSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis Core Municipal Fixed Income ETF (AVMU) and Allspring Ultra Short Municipal ETF (AUSM). 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.
| AVMU | AUSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.52 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.40 | — | — |
| Martin ratioReturn relative to average drawdown | 9.01 | — | — |
Loading charts...
Drawdowns
AVMU vs. AUSM - Drawdown Comparison
The maximum AVMU drawdown since its inception was -12.41%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for AVMU and AUSM.
Loading charts...
Drawdown Indicators
| AVMU | AUSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.41% | -0.42% | -11.99% |
Max Drawdown (1Y)Largest decline over 1 year | -3.32% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -6.38% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.41% | — | — |
Current DrawdownCurrent decline from peak | -0.33% | -0.03% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -3.74% | -0.09% | -3.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.88% | — | — |
Volatility
AVMU vs. AUSM - Volatility Comparison
Loading charts...
Volatility by Period
| AVMU | AUSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.32% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.24% | 0.75% | +2.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.13% | 0.75% | +3.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.97% | 0.75% | +3.22% |
AVMU vs. AUSM - Expense Ratio Comparison
AVMU has a 0.15% expense ratio, which is lower than AUSM's 0.18% 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
AVMU vs. AUSM - Dividend Comparison
AVMU's dividend yield for the trailing twelve months is around 3.48%, more than AUSM's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% | 0.00% | 0.00% | 0.00% | 0.00% |
AVMU Avantis Core Municipal Fixed Income ETF | 3.48% | 3.50% | 3.32% | 2.50% | 1.29% | 0.77% |
Frequently Asked Questions
AVMU and AUSM 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.
On fees, AVMU is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVMU is cheaper with a 0.15% expense ratio, compared with 0.18% for AUSM.
AVMU has the higher dividend yield at 3.48%, compared with 2.39% for AUSM.
They also come from different issuers: Avantis and Allspring. Their fees differ too: 0.15% for AVMU and 0.18% for AUSM.
Find the right allocation for AVMU and AUSM
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