BSMP vs. AUSM

Last updated Jun 5, 2026

BSMP (Invesco BulletShares 2025 Municipal Bond ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both Municipal Bonds funds. BSMP is passively managed, while AUSM is actively managed. At a correlation of -0.08, they often move in opposite directions. Both charge a 0.18% expense ratio.

Performance

BSMP vs. AUSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BulletShares 2025 Municipal Bond ETF (BSMP) and Allspring Ultra Short Municipal ETF (AUSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

BSMP

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AUSM

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

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

BSMP vs. AUSM - Yearly Performance Comparison

	2026 (YTD)	2025
BSMP Invesco BulletShares 2025 Municipal Bond ETF	0.00%	0.99%
AUSM Allspring Ultra Short Municipal ETF	1.02%	1.63%

Correlation

The correlation between BSMP and AUSM is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 9, 2025	-0.08

Return for Risk

BSMP vs. AUSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2025 Municipal Bond ETF (BSMP) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BSMP	AUSM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	—	4.03	—

Drawdowns

Drawdown Indicators

	BSMP	AUSM	Difference
Max Drawdown Largest peak-to-trough decline	—	-0.42%	—
Current Drawdown Current decline from peak	—	0.00%	—
Average Drawdown Average peak-to-trough decline	—	-0.09%	—

Volatility

Volatility by Period

	BSMP	AUSM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	—	0.73%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	0.73%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	0.73%	—

BSMP vs. AUSM - Expense Ratio Comparison

Both BSMP and AUSM 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

BSMP vs. AUSM - Dividend Comparison

BSMP's dividend yield for the trailing twelve months is around 1.27%, less than AUSM's 2.39% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AUSM Allspring Ultra Short Municipal ETF	2.39%	1.26%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BSMP Invesco BulletShares 2025 Municipal Bond ETF	1.27%	2.35%	2.53%	2.20%	1.23%	0.72%	1.32%	0.35%

Frequently Asked Questions

Can I hold both BSMP and AUSM in my portfolio?

BSMP and AUSM have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BSMP or AUSM?

Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BSMP or AUSM?

BSMP and AUSM have the same expense ratio: 0.18% per year.

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

AUSM has the higher dividend yield at 2.39%, compared with 1.27% for BSMP.

What is the main difference between BSMP and AUSM?

They also come from different issuers: Invesco and Allspring.