BSMT vs. AUSM
BSMT (Invesco BulletShares 2029 Municipal Bond ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both Municipal Bonds funds. BSMT is passively managed, while AUSM is actively managed. At a 0.21 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
BSMT vs. AUSM - Performance Comparison
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Returns By Period
As of year-to-date, both investments have demonstrated similar returns, with BSMT at 0.98% and AUSM at 0.98%.
BSMT
- 1D
- -0.04%
- 1M
- 0.44%
- YTD
- 0.98%
- 6M
- 1.37%
- 1Y
- 5.29%
- 3Y*
- 3.19%
- 5Y*
- -0.12%
- 10Y*
- —
AUSM
- 1D
- -0.02%
- 1M
- 0.21%
- YTD
- 0.98%
- 6M
- 1.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMT vs. AUSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BSMT Invesco BulletShares 2029 Municipal Bond ETF | 0.98% | 3.10% |
AUSM Allspring Ultra Short Municipal ETF | 0.98% | 1.63% |
Correlation
The correlation between BSMT and AUSM is 0.21, 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 | 0.21 |
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Return for Risk
BSMT vs. AUSM — Risk / Return Rank
BSMT
AUSM
BSMT vs. AUSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2029 Municipal Bond ETF (BSMT) 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.
| BSMT | AUSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.65 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | — | — |
| Martin ratioReturn relative to average drawdown | 10.84 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSMT | AUSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.87 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.15 | 3.98 | -3.83 |
Drawdowns
BSMT vs. AUSM - Drawdown Comparison
The maximum BSMT drawdown since its inception was -16.20%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for BSMT and AUSM.
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Drawdown Indicators
| BSMT | AUSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.20% | -0.42% | -15.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.60% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -16.20% | — | — |
Current DrawdownCurrent decline from peak | -2.05% | -0.02% | -2.03% |
Average DrawdownAverage peak-to-trough decline | -5.65% | -0.09% | -5.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.49% | — | — |
Volatility
BSMT vs. AUSM - Volatility Comparison
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Volatility by Period
| BSMT | AUSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.62% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.22% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.85% | 0.73% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.25% | 0.73% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.42% | 0.73% | +5.69% |
BSMT vs. AUSM - Expense Ratio Comparison
Both BSMT 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
BSMT vs. AUSM - Dividend Comparison
BSMT's dividend yield for the trailing twelve months is around 2.74%, more 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% |
BSMT Invesco BulletShares 2029 Municipal Bond ETF | 2.74% | 2.78% | 2.80% | 2.62% | 1.65% | 1.31% | 1.82% | 0.48% |
Frequently Asked Questions
BSMT and AUSM have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.18% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
BSMT and AUSM have the same expense ratio: 0.18% per year.
BSMT has the higher dividend yield at 2.74%, compared with 2.39% for AUSM.
They also come from different issuers: Invesco and Allspring.
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