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AUSM vs VSDM

Allspring Ultra Short Municipal ETF

AUSMBNYSE Arca

Vanguard Short Duration Tax-Exempt Bond ETF

VSDMACboe

Overlap

No data

Expense ratio

VSDM −0.07pt a year

AUSM0.19%VSDM0.12%

Avg volume · 30D

VSDM 55.4×the volume

AUSM4.66KVSDM258K

AUSM vs VSDM Performance

Oct 31, 2025 – Oct 30, 2026

+2.4%AUSM+2.0%VSDM

Oct 31, 2025 to Oct 30, 2026. AUSM +2.4%. VSDM +2.0%. Use the arrow keys to read each point.−0.5%0%0.5%1%1.5%Oct 2025Apr 2026Oct 2026
Expense ratio
AUSM 0.19%
VSDM 0.12%, better
Fund size
AUSM $33M
VSDM $1.2B
1Y total return
AUSM +2.4%, better
VSDM +2.0%
Yield (12M)
AUSM 2.78%
VSDM 3.12%, better
Holdings
AUSM 107
VSDM 3315
Avg volume (30D)
AUSM 4.66K sh
VSDM 258K sh, better
NAV per share
AUSM $24.96
VSDM $75.79
52W range

ETF.net Grade

AUSM: Cost 61, Risk 57, Mission 100, Tradability 23, Holdings 36, Durability 13. VSDM: Cost 85, Risk 48, Mission 100, Tradability 78, Holdings 75, Durability 62.
Pillar letters and Scores for AUSM, VSDM, with each pillar’s weight
PillarAUSMVSDM
Cost30% weightB61A85Higher
Mission25% weightA100A100
Risk15% weightB57HigherC48
Tradability15% weightF23A78Higher
Holdings10% weightD36A75Higher
Durability5% weightF13B62Higher

Rank among Short-Duration Municipal Bonds funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. AUSM and VSDM are both graded against the same 27 Short-Duration Municipal Bonds funds, so their Grades compare head to head.

Short-Duration Municipal Bonds⁠

Category · 27 funds
See all 27 ›

VSDM ranks 2nd and AUSM 17th of 27 funds in the Short-Duration Municipal Bonds Category.

  1. Rank 1AVTESVanguard Short-Term Tax-Exempt Bond ETFScore 81
  2. Rank 2ASUBiShares Short-Term National Muni Bond ETFScore 80
  3. Rank 2AVSDMVanguard Short Duration Tax-Exempt Bond ETFScore 80
  4. Rank 4ATAXSNorthern Trust Short-Term Tax-Exempt Bond ETFScore 77
  5. Rank 15BTAFIAB Tax-Aware Short Duration Municipal ETFScore 60
  6. Rank 17BAUSMAllspring Ultra Short Municipal ETFScore 59
  7. Rank 18BSMMUPIMCO Short Term Municipal Bond Active Exchange-Traded FundScore 58

Our read on each fund

ETF.net Research

AUSMBAllspring Ultra Short Municipal ETF

VSDMAVanguard Short Duration Tax-Exempt Bond ETF

In short

AUSM An actively run muni cash sleeve in ETF clothing: Allspring aims to keep average effective maturity at one year or less, hunting federally tax-exempt income at the sleepy end of the curve. Fee is 0.19%, with no waiver involved.

VSDM No data

Stated mandate

AUSM The Fund seeks current income exempt from federal income tax while preserving capital. It invests principally in short-term municipal securities and generally expects a dollar-weighted average effective maturity of one year or less.

VSDM No data

Why people hold it

  • AUSM Targets a dollar-weighted average effective maturity of one year or less, parking the portfolio at the money-market end of the muni curve, and pays income monthly.sec.gov
  • Active, not index-shadowing: the desk works security selection, sector rotation, duration and yield-curve positioning, and may use futures to manage duration.allspringglobal.comsec.gov
  • At 0.19% with no waiver involved, the fee lands in line with the typical short-muni fund even though a human team is picking the bonds.
  • At least 80% of net assets stay in munis whose interest is exempt from federal income tax, a policy only shareholders can vote to change.sec.gov

VSDM No data

Worth knowing

  • AUSM Launched in 2025 and thinly traded, so the track record is thin too and spreads can widen when size shows up.
  • Index-tracking neighbors cost less: VTES at 0.05% and SUB at 0.07% run short tax-exempt portfolios for a sliver of the price.
  • Up to 20% of assets can pay AMT-subject interest and up to 10% can sit below investment grade, so tax-exempt is not absolute and credit risk is not zero.sec.gov

VSDM No data

Full AUSM profile⁠

Full VSDM profile⁠

AUSM vs VSDM Holdings

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

AUSM vs VSDM Cost

Overpaying AUSM vs VSDM

$1,432

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AUSM 0.19%

    $3,952

  • VSDM 0.12%

    $2,520

$10,000
30 years

Cost over time

  • AUSM 0.19%
  • VSDM 0.12%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530AUSM $3,952VSDM $2,520

Year by year

YearAUSMVSDMOverpaying
10$347$220$127
20$1,351$859$492
30$3,952$2,520$1,432

Expense ratio

  • 0.19%AUSM
  • 0.12%VSDM, cheaper
  • Middle half of Short-Duration Municipal Bonds funds
  • Median 0.21%

VSDM 5th cheapest of 27 funds

AUSM 10th cheapest of 27 funds

AUSM vs VSDM Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
AUSM 2.78%
VSDM 3.12%, better
Payout (12M)
AUSM $0.69
VSDM $2.37
Last payment
AUSM $0.06
VSDM $0.19
Ex-dividend
AUSM Oct 23, 2026
VSDM Oct 1, 2026
Paid on
AUSM Oct 27, 2026
VSDM Oct 5, 2026
Frequency
AUSM Monthly
VSDM Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

AUSMMonthly · 17 paymentsAll AUSM payments⁠
One bar per payment. 17 payments from 2024 to 2026 YTD. Jul 25, 2025 $0.01; Aug 25, 2025 $0.06; Sep 24, 2025 $0.05; Oct 27, 2025 $0.06; Nov 24, 2025 $0.06; Dec 15, 2025 $0.0093; Dec 22, 2025 $0.06; Jan 27, 2026 $0.06; Feb 24, 2026 $0.05; Mar 25, 2026 $0.05; Apr 24, 2026 $0.06; May 22, 2026 $0.05; Jun 24, 2026 $0.05; Jul 24, 2026 $0.05; Aug 25, 2026 $0.06; Sep 24, 2026 $0.06; Oct 23, 2026 $0.06. Use the arrow keys to read each point.$0$0.252026YTD
VSDMMonthly · 22 paymentsAll VSDM payments⁠
One bar per payment. 22 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.26; Feb 3, 2025 $0.20; Mar 3, 2025 $0.20; Apr 1, 2025 $0.16; May 1, 2025 $0.19; Jun 2, 2025 $0.20; Jul 1, 2025 $0.19; Aug 1, 2025 $0.19; Sep 2, 2025 $0.20; Oct 1, 2025 $0.20; Nov 3, 2025 $0.20; Dec 1, 2025 $0.20; Dec 18, 2025 $0.20; Feb 2, 2026 $0.19; Mar 2, 2026 $0.20; Apr 1, 2026 $0.20; May 1, 2026 $0.20; Jun 1, 2026 $0.20; Jul 1, 2026 $0.20; Aug 3, 2026 $0.20; Sep 1, 2026 $0.20; Oct 1, 2026 $0.19. Use the arrow keys to read each point.$0$0.252026YTD

AUSM vs VSDM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
AUSM 1.3%since Aug 2025VSDM 2.9%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
AUSM −1.00since Aug 2025VSDM −0.26since Dec 2024
Worst fallMax drawdown, 5 years
AUSM −0.9%since Jul 2025VSDM −2.8%since Nov 2024
Market sensitivityBeta, 5 years
AUSM 0.02VSDM 0.09

AUSM and VSDM in the news

All news⁠

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