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AUSMvsJAAAETF Comparison

ETF 1

AUSM

Allspring Ultra Short Municipal ETF

This fund is part of

Municipal Bonds

-0%

Full AUSM fund page

VS

ETF 2

JAAA

AAA CLO ETF

This fund is part of

US Corporate IG Bonds

+0.03%

Full JAAA fund page

Allspring Ultra Short Municipal ETF (AUSM) and AAA CLO ETF (JAAA) have similar underlying exposures to countries and sectors. AUSM's top 1 sector exposures are Municipal. In contrast, JAAA's top sector exposures are Industrials and Finance. AUSM is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.2% for JAAA. AUSM is up 1.34% year-to-date (YTD) with +$3M in YTD flows. JAAA performs better with 3.69% YTD performance, and +$8.07B in YTD flows. Run a side-by-side ETF comparison of AUSM and JAAA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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AUSM vs JAAA performance and flow charts

Performance

Cumulative Flows

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Data Services

Historic performance and flows

Data as of 10/15/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	AUSM JAAA	-0.05%+0.30%	-0.01%+1.21%	+1.34%+3.69%	+1.96%+4.85%	n/a+19.76%	n/a+28.00%
Flows	AUSM JAAA	-+$1.47B	+$1M+$3.20B	+$3M+$8.07B	+$3M+$6.46B	-+$28.21B	-+$32.12B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	AUSM JAAA	+0.91%+0.28%	+0.57%+0.42%	n/a+0.66%	n/a+0.98%
Max drawdown	AUSM JAAA	-0.89%-0.08%	-0.89%-0.08%	n/a-0.97%	n/a-2.41%
Max drawdown duration	AUSM JAAA	46d5d	46d5d	n/a27d	n/a310d

Trading data

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	AUSM	JAAA
Last sale 10/16/2026 at 1:30 PM	$24.93	$50.58
Previous close 10/15/2026	$24.90	$50.57
Consolidated volume 10/15/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Main metrics

Last update 10/16/2026 at 1:30 PM

Live

Closed

	AUSM	JAAA
Last price	$24.93	$50.58
1D performance	+0.14%	+0.02%
AuM	$32.88 M	$32.37 B
E/R	0.18%	0.2%

Characteristics

	AUSM	JAAA
Management strategy	Active	Active
Provider	Allspring	Janus Henderson Investors
Benchmark	-	-
N° of holdings	16	54
Asset class	-	-
Trailing 12m distribution yield	Join	Join
Inception date	July 8, 2025	September 16, 2020
ESG	No	No

More AUSM data on Trackinsight

More JAAA data on Trackinsight

Exposure

Countries

AUSM

USA

13.19%

Other

86.81%

JAAA

USA

9.84%

Other

90.16%

Sectors

AUSM

Municipal

13.19%

Other

86.81%

JAAA

Industrials

9.3%

Other

90.7%

Diversification

AUSM

Total weight of top 15 holdings out of 15

24.25%

JAAA

Total weight of top 15 holdings out of 15

9.57%

Top 15 holdings

Data as of August 31, 2026

AUSM

US46640KS620

2.24%

US44244CN944

2.09%

US20775DXK35

1.87%

US09025PFN15

1.55%

US7436006C72

1.52%

Chandler Industrial Development Authority, 4.1% 1dec2037, USD (2007)

1.51%

US67756CGH51

1.50%

US167562SY49

1.50%

US01179R6Z17

1.50%

US56035DDP42

1.49%

US144838AE99

1.49%

US735220AX30

1.49%

US60700HUN78

1.49%

US88035UKD80

1.49%

US95345PAC23

1.49%

JAAA

US48254LAN55

0.83%

US00038KBA88

0.76%

US03330WAU80

0.70%

US69688MAY12

0.67%

US07403CAS08

0.66%

US04019DAY85

0.66%

US143120AN30

0.60%

US97719VAJ89

0.60%

US55819DBN57

0.59%

US75888EAS72

0.58%

US75887XBA46

0.58%

US18914HAQ20

0.58%

US67402CBU99

0.58%

US55953WAL46

0.58%

US14316YAL92

0.58%

Frequently asked questions about AUSM and JAAA

AUSMvsJAAAETF Comparison

Allspring Ultra Short Municipal ETF

AAA CLO ETF

AUSM vs JAAA performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the AUSM and JAAA ETFs performed in 2026?

As of October 15, 2026, AUSM is up 1.34% year-to-date (YTD), while JAAA has returned 3.69%. That puts JAAA better performer ahead so far this year.

Which ETF is attracting more investor money: AUSM or JAAA?

Year-to-date, the AUSM ETF saw +$3M in flows, compared to +$8.07B for JAAA.

Which ETF is more volatile: AUSM or JAAA?

Over the past year, AUSM had a volatility of 0.57%, while JAAA experienced 0.42%.

Which ETF is bigger: AUSM or JAAA?

As of October 15, 2026, AUSM holds $32.88 M in assets under management (AUM), while JAAA manages $32.37 B.

What sectors do the AUSM and JAAA ETFs invest in?

AUSM leans toward sectors like Municipal. Meanwhile, JAAA focuses on Industrials.

What are the top holdings of the AUSM ETF and JAAA ETF?

AUSM top holdings include US46640KS620, US44244CN944 and US20775DXK35. JAAA holds in its top three: US48254LAN55, US00038KBA88 and US03330WAU80.

Which ETF is more diversified: AUSM or JAAA?

AUSM holds 99 securities with 24.25% of its assets in the top 15. JAAA has 602 securities and a top 15 weight of 9.57%.

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