RMCA vs. AUSM
RMCA (Rockefeller California Municipal Bond ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both Municipal Bonds funds. Both are actively managed. At a 0.09 correlation, their price movements are largely independent. RMCA charges 0.55%/yr vs 0.18%/yr for AUSM.
Performance
RMCA vs. AUSM - Performance Comparison
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Returns By Period
In the year-to-date period, RMCA achieves a 2.75% return, which is significantly higher than AUSM's 1.18% return.
RMCA
- 1D
- -0.12%
- 1M
- 1.62%
- YTD
- 2.75%
- 6M
- 2.99%
- 1Y
- 7.24%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUSM
- 1D
- -0.02%
- 1M
- 0.23%
- YTD
- 1.18%
- 6M
- 1.32%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RMCA vs. AUSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RMCA Rockefeller California Municipal Bond ETF | 2.75% | 4.55% |
AUSM Allspring Ultra Short Municipal ETF | 1.18% | 1.58% |
Correlation
The correlation between RMCA 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 8, 2025 | 0.09 |
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Return for Risk
RMCA vs. AUSM — Risk / Return Rank
RMCA
AUSM
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
RMCA vs. AUSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rockefeller California Municipal Bond ETF (RMCA) 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.
| RMCA | AUSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.43 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | — | — |
| Martin ratioReturn relative to average drawdown | 10.31 | — | — |
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Drawdowns
RMCA vs. AUSM - Drawdown Comparison
The maximum RMCA drawdown since its inception was -5.95%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for RMCA and AUSM.
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Drawdown Indicators
| RMCA | AUSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.95% | -0.42% | -5.53% |
Max Drawdown (1Y)Largest decline over 1 year | -2.35% | — | — |
Current DrawdownCurrent decline from peak | -0.12% | -0.03% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -1.59% | -0.09% | -1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | — | — |
Volatility
RMCA vs. AUSM - Volatility Comparison
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Volatility by Period
| RMCA | AUSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.62% | 0.75% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.32% | 0.75% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.32% | 0.75% | +4.57% |
RMCA vs. AUSM - Expense Ratio Comparison
RMCA has a 0.55% expense ratio, which is higher than AUSM's 0.18% expense ratio.
Dividends
RMCA vs. AUSM - Dividend Comparison
RMCA's dividend yield for the trailing twelve months is around 4.34%, more than AUSM's 2.39% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% | 0.00% |
RMCA Rockefeller California Municipal Bond ETF | 4.34% | 4.51% | 1.20% |
Frequently Asked Questions
RMCA 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.
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 0.55% for RMCA.
RMCA has the higher dividend yield at 4.34%, compared with 2.39% for AUSM.
They also come from different issuers: Rockefeller and Allspring. Their fees differ too: 0.55% for RMCA and 0.18% for AUSM.
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