CA vs. AUSM
CA (Xtrackers California Municipal Bond ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both Municipal Bonds funds. CA is passively managed, while AUSM is actively managed. At a 0.11 correlation, their price movements are largely independent. CA charges 0.07%/yr vs 0.18%/yr for AUSM.
Performance
CA vs. AUSM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CA achieves a 1.20% return, which is significantly higher than AUSM's 0.98% return.
CA
- 1D
- 0.00%
- 1M
- 0.38%
- YTD
- 1.20%
- 6M
- 1.44%
- 1Y
- 6.67%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUSM
- 1D
- -0.02%
- 1M
- 0.21%
- YTD
- 0.98%
- 6M
- 1.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CA vs. AUSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CA Xtrackers California Municipal Bond ETF | 1.20% | 4.56% |
AUSM Allspring Ultra Short Municipal ETF | 0.98% | 1.63% |
Correlation
The correlation between CA and AUSM is 0.11, 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 | 0.11 |
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
CA vs. AUSM — Risk / Return Rank
CA
AUSM
CA vs. AUSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers California Municipal Bond ETF (CA) 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.
| CA | AUSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.58 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | — | — |
| Martin ratioReturn relative to average drawdown | 9.84 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| CA | AUSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 3.98 | -3.30 |
Drawdowns
CA vs. AUSM - Drawdown Comparison
The maximum CA drawdown since its inception was -5.24%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for CA and AUSM.
Loading charts...
Drawdown Indicators
| CA | AUSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.24% | -0.42% | -4.82% |
Max Drawdown (1Y)Largest decline over 1 year | -2.57% | — | — |
Current DrawdownCurrent decline from peak | -0.75% | -0.02% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -1.27% | -0.09% | -1.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | — | — |
Volatility
CA vs. AUSM - Volatility Comparison
Loading charts...
Volatility by Period
| CA | AUSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.31% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.64% | 0.73% | +1.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.99% | 0.73% | +3.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.99% | 0.73% | +3.26% |
CA vs. AUSM - Expense Ratio Comparison
CA has a 0.07% 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
CA vs. AUSM - Dividend Comparison
CA's dividend yield for the trailing twelve months is around 2.96%, more than AUSM's 2.39% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% | 0.00% |
CA Xtrackers California Municipal Bond ETF | 2.96% | 3.14% | 3.03% |
Frequently Asked Questions
CA and AUSM have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CA is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CA is cheaper with a 0.07% expense ratio, compared with 0.18% for AUSM.
CA has the higher dividend yield at 2.96%, compared with 2.39% for AUSM.
They also come from different issuers: Xtrackers and Allspring. Their fees differ too: 0.07% for CA and 0.18% for AUSM.
Find the right allocation for CA 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