VTEL vs. AUSM
VTEL (Vanguard Long-Term Tax-Exempt Bond ETF) and AUSM (Allspring Ultra Short Municipal ETF) are both Municipal Bonds funds. VTEL is passively managed, while AUSM is actively managed. At a 0.11 correlation, their price movements are largely independent. VTEL charges 0.09%/yr vs 0.18%/yr for AUSM.
Performance
VTEL vs. AUSM - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VTEL achieves a 1.80% return, which is significantly higher than AUSM's 0.98% return.
VTEL
- 1D
- -0.09%
- 1M
- 0.78%
- YTD
- 1.80%
- 6M
- 2.10%
- 1Y
- 8.68%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AUSM
- 1D
- -0.02%
- 1M
- 0.21%
- YTD
- 0.98%
- 6M
- 1.34%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
VTEL vs. AUSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
VTEL Vanguard Long-Term Tax-Exempt Bond ETF | 1.80% | 5.91% |
AUSM Allspring Ultra Short Municipal ETF | 0.98% | 1.63% |
Correlation
The correlation between VTEL and AUSM is 0.11, 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 | 0.11 |
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
VTEL vs. AUSM — Risk / Return Rank
VTEL
AUSM
VTEL vs. AUSM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) 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.
| VTEL | AUSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.49 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | — | — |
| Martin ratioReturn relative to average drawdown | 9.64 | — | — |
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
| VTEL | AUSM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.23 | 3.98 | -1.75 |
Drawdowns
VTEL vs. AUSM - Drawdown Comparison
The maximum VTEL drawdown since its inception was -3.22%, which is greater than AUSM's maximum drawdown of -0.42%. Use the drawdown chart below to compare losses from any high point for VTEL and AUSM.
Loading charts...
Drawdown Indicators
| VTEL | AUSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.22% | -0.42% | -2.80% |
Max Drawdown (1Y)Largest decline over 1 year | -3.22% | — | — |
Current DrawdownCurrent decline from peak | -0.27% | -0.02% | -0.25% |
Average DrawdownAverage peak-to-trough decline | -0.59% | -0.09% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | — | — |
Volatility
VTEL vs. AUSM - Volatility Comparison
Loading charts...
Volatility by Period
| VTEL | AUSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 2.62% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.74% | 0.73% | +3.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.77% | 0.73% | +3.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.77% | 0.73% | +3.04% |
VTEL vs. AUSM - Expense Ratio Comparison
VTEL has a 0.09% expense ratio, which is lower than AUSM's 0.18% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
VTEL vs. AUSM - Dividend Comparison
VTEL's dividend yield for the trailing twelve months is around 3.81%, more than AUSM's 2.39% yield.
| Position | TTM | 2025 |
|---|---|---|
AUSM Allspring Ultra Short Municipal ETF | 2.39% | 1.26% |
VTEL Vanguard Long-Term Tax-Exempt Bond ETF | 3.81% | 2.23% |
Frequently Asked Questions
VTEL and AUSM have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VTEL is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VTEL is cheaper with a 0.09% expense ratio, compared with 0.18% for AUSM.
VTEL has the higher dividend yield at 3.81%, compared with 2.39% for AUSM.
They also come from different issuers: Vanguard and Allspring. Their fees differ too: 0.09% for VTEL and 0.18% for AUSM.
Find the right allocation for VTEL 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