IBMO vs. AUSM
IBMO (iShares iBonds Dec 2026 Term Muni Bond ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both Municipal Bonds funds. IBMO is passively managed, while AUSM is actively managed. At a correlation of -0.09, they often move in opposite directions. Both charge a 0.18% expense ratio.
Performance
IBMO vs. AUSM - Performance Comparison
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Returns By Period
In the year-to-date period, IBMO achieves a 0.95% return, which is significantly lower than AUSM's 1.02% return.
IBMO
- 1D
- 0.01%
- 1M
- 0.17%
- YTD
- 0.95%
- 6M
- 1.30%
- 1Y
- 2.78%
- 3Y*
- 2.93%
- 5Y*
- 0.67%
- 10Y*
- —
AUSM
- 1D
- 0.04%
- 1M
- 0.25%
- YTD
- 1.02%
- 6M
- 1.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IBMO vs. AUSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 0.95% | 1.32% |
AUSM Allspring Ultra Short Municipal ETF | 1.02% | 1.63% |
Correlation
The correlation between IBMO 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
IBMO vs. AUSM — Risk / Return Rank
IBMO
AUSM
IBMO vs. AUSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO) 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.
| IBMO | AUSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.53 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 7.38 | — | — |
| Martin ratioReturn relative to average drawdown | 21.93 | — | — |
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
| IBMO | AUSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 4.03 | -3.62 |
Drawdowns
IBMO vs. AUSM - Drawdown Comparison
The maximum IBMO drawdown since its inception was -14.77%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for IBMO and AUSM.
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Drawdown Indicators
| IBMO | AUSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.77% | -0.42% | -14.35% |
Max Drawdown (1Y)Largest decline over 1 year | -0.38% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -1.76% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -8.86% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -2.32% | -0.09% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.13% | — | — |
Volatility
IBMO vs. AUSM - Volatility Comparison
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Volatility by Period
| IBMO | AUSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.19% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.83% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.10% | 0.73% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.15% | 0.73% | +1.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.52% | 0.73% | +3.79% |
IBMO vs. AUSM - Expense Ratio Comparison
Both IBMO 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
IBMO vs. AUSM - Dividend Comparison
IBMO's dividend yield for the trailing twelve months is around 2.39%, which matches 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% |
IBMO iShares iBonds Dec 2026 Term Muni Bond ETF | 2.39% | 2.37% | 2.15% | 1.65% | 0.89% | 0.62% | 1.03% | 1.01% |
Frequently Asked Questions
IBMO 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.
IBMO and AUSM have the same expense ratio: 0.18% per year.
IBMO and AUSM have nearly identical dividend yields, around 2.39%.
They also come from different issuers: iShares and Allspring.
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