JMUB vs. AUSM
JMUB (JPMorgan Municipal ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both Municipal Bonds funds. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. Both charge a 0.18% expense ratio.
Performance
JMUB vs. AUSM - Performance Comparison
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Returns By Period
In the year-to-date period, JMUB achieves a 1.63% return, which is significantly higher than AUSM's 1.18% return.
JMUB
- 1D
- 0.15%
- 1M
- 1.42%
- YTD
- 1.63%
- 6M
- 1.78%
- 1Y
- 5.83%
- 3Y*
- 3.74%
- 5Y*
- 1.30%
- 10Y*
- —
AUSM
- 1D
- -0.02%
- 1M
- 0.23%
- YTD
- 1.18%
- 6M
- 1.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JMUB vs. AUSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
JMUB JPMorgan Municipal ETF | 1.63% | 3.82% |
AUSM Allspring Ultra Short Municipal ETF | 1.18% | 1.58% |
Correlation
The correlation between JMUB and AUSM is 0.12, 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 | 0.12 |
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Return for Risk
JMUB vs. AUSM — Risk / Return Rank
JMUB
AUSM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
JMUB vs. AUSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for JPMorgan Municipal ETF (JMUB) 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.
| JMUB | 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 | 2.29 | — | — |
| Martin ratioReturn relative to average drawdown | 7.87 | — | — |
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Drawdowns
JMUB vs. AUSM - Drawdown Comparison
The maximum JMUB drawdown since its inception was -12.50%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for JMUB and AUSM.
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Drawdown Indicators
| JMUB | AUSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.50% | -0.42% | -12.08% |
Max Drawdown (1Y)Largest decline over 1 year | -2.55% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -4.79% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -12.06% | — | — |
Current DrawdownCurrent decline from peak | -0.24% | -0.03% | -0.21% |
Average DrawdownAverage peak-to-trough decline | -2.49% | -0.09% | -2.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.74% | — | — |
Volatility
JMUB vs. AUSM - Volatility Comparison
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Volatility by Period
| JMUB | AUSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.70% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 1.87% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.39% | 0.75% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.33% | 0.75% | +2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 0.75% | +3.38% |
JMUB vs. AUSM - Expense Ratio Comparison
Both JMUB 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
JMUB vs. AUSM - Dividend Comparison
JMUB's dividend yield for the trailing twelve months is around 3.59%, more than AUSM's 2.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
JMUB JPMorgan Municipal ETF | 3.59% | 3.52% | 3.50% | 3.20% | 2.16% | 1.94% | 2.13% | 3.66% | 0.45% |
Frequently Asked Questions
JMUB and AUSM have a correlation of 0.12, 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.
JMUB and AUSM have the same expense ratio: 0.18% per year.
JMUB has the higher dividend yield at 3.59%, compared with 2.39% for AUSM.
They also come from different issuers: JPMorgan and Allspring.
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