ITM vs. AUSM
ITM (VanEck Intermediate Muni ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both Municipal Bonds funds. ITM is passively managed, while AUSM is actively managed. At a 0.10 correlation, their price movements are largely independent. ITM charges 0.24%/yr vs 0.18%/yr for AUSM.
Performance
ITM vs. AUSM - Performance Comparison
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Returns By Period
In the year-to-date period, ITM achieves a 0.86% return, which is significantly lower than AUSM's 0.98% return.
ITM
- 1D
- 0.06%
- 1M
- 1.33%
- YTD
- 0.86%
- 6M
- 0.73%
- 1Y
- 6.78%
- 3Y*
- 3.44%
- 5Y*
- 0.53%
- 10Y*
- 1.81%
AUSM
- 1D
- -0.20%
- 1M
- 0.03%
- YTD
- 0.98%
- 6M
- 1.16%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ITM vs. AUSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ITM VanEck Intermediate Muni ETF | 0.86% | 5.32% |
AUSM Allspring Ultra Short Municipal ETF | 0.98% | 1.58% |
Correlation
The correlation between ITM and AUSM is 0.10, 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 8, 2025 | 0.10 |
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Return for Risk
ITM vs. AUSM — Risk / Return Rank
ITM
AUSM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
ITM vs. AUSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Intermediate Muni ETF (ITM) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ITM | AUSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 1.99 | — | — |
| Martin ratioReturn relative to average drawdown | 6.10 | — | — |
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Drawdowns
ITM vs. AUSM - Drawdown Comparison
The maximum ITM drawdown since its inception was -24.75%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for ITM and AUSM.
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Drawdown Indicators
| ITM | AUSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -0.42% | -24.33% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -5.68% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | — | — |
Current DrawdownCurrent decline from peak | -1.07% | -0.23% | -0.84% |
Average DrawdownAverage peak-to-trough decline | -2.97% | -0.09% | -2.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | — | — |
Volatility
ITM vs. AUSM - Volatility Comparison
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Volatility by Period
| ITM | AUSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.22% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.83% | 0.78% | +2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.30% | 0.78% | +3.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 0.78% | +6.31% |
ITM vs. AUSM - Expense Ratio Comparison
ITM has a 0.24% expense ratio, which is higher than AUSM's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ITM vs. AUSM - Dividend Comparison
ITM's dividend yield for the trailing twelve months is around 2.92%, more than AUSM's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITM VanEck Intermediate Muni ETF | 2.92% | 2.86% | 2.73% | 2.40% | 1.92% | 1.70% | 2.13% | 2.44% | 2.33% | 2.21% | 2.29% | 2.28% |
Frequently Asked Questions
ITM and AUSM have a correlation of 0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AUSM is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AUSM is cheaper with a 0.18% expense ratio, compared with 0.24% for ITM.
ITM has the higher dividend yield at 2.92%, compared with 2.39% for AUSM.
They also come from different issuers: VanEck and Allspring. Their fees differ too: 0.24% for ITM and 0.18% for AUSM.
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