NYM vs. AUSM

Last updated Jun 4, 2026

NYM (AB New York Intermediate Municipal ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both Municipal Bonds funds. Both are actively managed. At a 0.06 correlation, their price movements are largely independent. NYM charges 0.27%/yr vs 0.18%/yr for AUSM.

Performance

NYM vs. AUSM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB New York Intermediate Municipal ETF (NYM) and Allspring Ultra Short Municipal ETF (AUSM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, NYM achieves a 1.43% return, which is significantly higher than AUSM's 0.98% return.

NYM

• 1D: 0.04%
• 1M: 0.48%
• YTD: 1.43%
• 6M: 1.92%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

AUSM

• 1D: -0.02%
• 1M: 0.21%
• YTD: 0.98%
• 6M: 1.34%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NYM vs. AUSM - Yearly Performance Comparison

	2026 (YTD)	2025
NYM AB New York Intermediate Municipal ETF	1.43%	0.41%
AUSM Allspring Ultra Short Municipal ETF	0.98%	0.55%

Correlation

The correlation between NYM and AUSM is 0.06, 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 Nov 11, 2025	0.06

Return for Risk

NYM vs. AUSM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB New York Intermediate Municipal ETF (NYM) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	NYM	AUSM	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	3.98	-2.35

Drawdowns

NYM vs. AUSM - Drawdown Comparison

The maximum NYM drawdown since its inception was -1.76%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for NYM and AUSM.

Drawdown Indicators

	NYM	AUSM	Difference
Max Drawdown Largest peak-to-trough decline	-1.76%	-0.42%	-1.34%
Current Drawdown Current decline from peak	-0.23%	-0.02%	-0.21%
Average Drawdown Average peak-to-trough decline	-0.42%	-0.09%	-0.33%

Volatility

Volatility by Period

	NYM	AUSM	Difference
Volatility (1Y) Calculated over the trailing 1-year period	2.06%	0.73%	+1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.06%	0.73%	+1.33%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.06%	0.73%	+1.33%

NYM vs. AUSM - Expense Ratio Comparison

NYM has a 0.27% 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

NYM vs. AUSM - Dividend Comparison

NYM's dividend yield for the trailing twelve months is around 1.73%, less than AUSM's 2.39% yield.

Position	TTM	2025
AUSM Allspring Ultra Short Municipal ETF	2.39%	1.26%
NYM AB New York Intermediate Municipal ETF	1.73%	0.49%

Frequently Asked Questions

Can I hold both NYM and AUSM in my portfolio?

NYM and AUSM have a correlation of 0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, NYM or AUSM?

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.

Which ETF is cheaper, NYM or AUSM?

AUSM is cheaper with a 0.18% expense ratio, compared with 0.27% for NYM.

Which ETF pays a higher dividend yield, NYM or AUSM?

AUSM has the higher dividend yield at 2.39%, compared with 1.73% for NYM.

What is the main difference between NYM and AUSM?

They also come from different issuers: AllianceBernstein and Allspring. Their fees differ too: 0.27% for NYM and 0.18% for AUSM.