RMNY vs. AUSM
RMNY (Rockefeller New York Municipal Bond ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both Municipal Bonds funds. Both are actively managed. At a 0.13 correlation, their price movements are largely independent. RMNY charges 0.55%/yr vs 0.18%/yr for AUSM.
Performance
RMNY vs. AUSM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RMNY achieves a 2.39% return, which is significantly higher than AUSM's 0.98% return.
RMNY
- 1D
- -0.19%
- 1M
- 0.78%
- YTD
- 2.39%
- 6M
- 2.78%
- 1Y
- 7.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUSM
- 1D
- -0.02%
- 1M
- 0.21%
- YTD
- 0.98%
- 6M
- 1.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RMNY vs. AUSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RMNY Rockefeller New York Municipal Bond ETF | 2.39% | 4.72% |
AUSM Allspring Ultra Short Municipal ETF | 0.98% | 1.63% |
Correlation
The correlation between RMNY and AUSM is 0.13, 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 9, 2025 | 0.13 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RMNY vs. AUSM — Risk / Return Rank
RMNY
AUSM
RMNY vs. AUSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rockefeller New York Municipal Bond ETF (RMNY) 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.
| RMNY | AUSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | — | — |
| Martin ratioReturn relative to average drawdown | 11.40 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| RMNY | AUSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.01 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 3.98 | -3.37 |
Drawdowns
RMNY vs. AUSM - Drawdown Comparison
The maximum RMNY drawdown since its inception was -5.70%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for RMNY and AUSM.
Loading charts...
Drawdown Indicators
| RMNY | AUSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.70% | -0.42% | -5.28% |
Max Drawdown (1Y)Largest decline over 1 year | -2.28% | — | — |
Current DrawdownCurrent decline from peak | -0.19% | -0.02% | -0.17% |
Average DrawdownAverage peak-to-trough decline | -1.53% | -0.09% | -1.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.69% | — | — |
Volatility
RMNY vs. AUSM - Volatility Comparison
Loading charts...
Volatility by Period
| RMNY | AUSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.30% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.69% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.95% | 0.73% | +3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.19% | 0.73% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.19% | 0.73% | +4.46% |
RMNY vs. AUSM - Expense Ratio Comparison
RMNY has a 0.55% expense ratio, which is higher than AUSM's 0.18% expense ratio.
Dividends
RMNY vs. AUSM - Dividend Comparison
RMNY's dividend yield for the trailing twelve months is around 4.31%, more than AUSM's 2.39% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% | 0.00% |
RMNY Rockefeller New York Municipal Bond ETF | 4.31% | 4.10% | 1.31% |
Frequently Asked Questions
RMNY and AUSM have a correlation of 0.13, 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 RMNY.
RMNY has the higher dividend yield at 4.31%, compared with 2.39% for AUSM.
They also come from different issuers: Rockefeller and Allspring. Their fees differ too: 0.55% for RMNY and 0.18% for AUSM.
Find the right allocation for RMNY and AUSM
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer