AUSM vs IVV
Allspring Ultra Short Municipal ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | AUSM | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.18% | 0.03% | |
| AUM | $33M | $907.0B | |
| Dividend Yield | 2.77% | 1.10% | |
| Holdings | 95 | 508 | |
| YTD Return | +1.55% | +12.28% | |
| 1Y Return | +2.65% | +20.94% | |
| 3Y Return (annualized) | - | +21.81% | |
| 5Y Return (annualized) | - | +13.05% | |
| Volatility (annualized) | 0.6% | 15.1% | |
| Max Drawdown | -0.4% | -56.5% | |
| Fund Family | Allspring Global Investments | iShares by BlackRock (US) | |
| Category | Tax Preferred | Equity | |
| Inception | Jul 8, 2025 | May 15, 2000 |
AUSM vs IVV Performance
Allspring Ultra Short Municipal ETF (AUSM) is a ETF from Allspring Global Investments and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year AUSM returned +2.65% while IVV returned +20.94%. Year to date, AUSM is up 1.55% versus a gain of 12.28% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 0.6% for AUSM. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -0.4% for AUSM and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.35. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
AUSM charges 0.18% per year while IVV charges 0.03%. On a $10,000 position that is $18 vs $3 annually, a gap of $15 per year that compounds over a long holding period. On income, AUSM currently yields 2.77% against 1.10% for IVV.
Holdings Overlap
AUSM and IVV share 0 holdings out of 518 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, AUSM or IVV?
AUSM has an expense ratio of 0.18% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $15 per year of difference.
Which performed better, AUSM or IVV?
Over the past year AUSM returned +2.65% vs +20.94% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (1 years), AUSM annualized +2.85% vs +6.98% for IVV. Past performance does not guarantee future results.
Which is riskier, AUSM or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 0.6% for AUSM. Worst drawdown: AUSM -0.4% vs IVV -56.5%.
Should I hold both AUSM and IVV?
AUSM and IVV have a monthly-return correlation of 0.35, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between AUSM and IVV?
AUSM and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 518 unique securities.
Which pays a higher dividend, AUSM or IVV?
AUSM yields 2.77% while IVV yields 1.10%, so AUSM currently pays the higher dividend yield.
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