BSMY vs. AUSM
BSMY (Invesco BulletShares 2034 Municipal Bond ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both Municipal Bonds funds. BSMY is passively managed, while AUSM is actively managed. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
BSMY vs. AUSM - Performance Comparison
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Returns By Period
In the year-to-date period, BSMY achieves a 1.43% return, which is significantly higher than AUSM's 0.98% return.
BSMY
- 1D
- 0.03%
- 1M
- 0.52%
- YTD
- 1.43%
- 6M
- 1.83%
- 1Y
- 8.12%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUSM
- 1D
- -0.02%
- 1M
- 0.21%
- YTD
- 0.98%
- 6M
- 1.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMY vs. AUSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 1.43% | 5.55% |
AUSM Allspring Ultra Short Municipal ETF | 0.98% | 1.63% |
Correlation
The correlation between BSMY and AUSM is 0.09, 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 | 0.09 |
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Return for Risk
BSMY vs. AUSM — Risk / Return Rank
BSMY
AUSM
BSMY vs. AUSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2034 Municipal Bond ETF (BSMY) 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.
| BSMY | AUSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.49 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.46 | — | — |
| Martin ratioReturn relative to average drawdown | 8.53 | — | — |
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
| BSMY | AUSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.36 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 3.98 | -3.61 |
Drawdowns
BSMY vs. AUSM - Drawdown Comparison
The maximum BSMY drawdown since its inception was -6.81%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for BSMY and AUSM.
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Drawdown Indicators
| BSMY | AUSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.81% | -0.42% | -6.39% |
Max Drawdown (1Y)Largest decline over 1 year | -3.31% | — | — |
Current DrawdownCurrent decline from peak | -0.79% | -0.02% | -0.77% |
Average DrawdownAverage peak-to-trough decline | -1.98% | -0.09% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | — | — |
Volatility
BSMY vs. AUSM - Volatility Comparison
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Volatility by Period
| BSMY | AUSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.28% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.55% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.46% | 0.73% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.23% | 0.73% | +4.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.23% | 0.73% | +4.50% |
BSMY vs. AUSM - Expense Ratio Comparison
Both BSMY 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
BSMY vs. AUSM - Dividend Comparison
BSMY's dividend yield for the trailing twelve months is around 3.53%, more than AUSM's 2.39% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% | 0.00% |
BSMY Invesco BulletShares 2034 Municipal Bond ETF | 3.53% | 3.31% | 0.79% |
Frequently Asked Questions
BSMY and AUSM have a correlation of 0.09, 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.
BSMY and AUSM have the same expense ratio: 0.18% per year.
BSMY has the higher dividend yield at 3.53%, compared with 2.39% for AUSM.
They also come from different issuers: Invesco and Allspring.
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