AUSM vs NOVZ
Comparison between Allspring Ultra Short Municipal ETF (AUSM, ETF) and TrueShares Structured Outcome (November) ETF (NOVZ, ETF).
AUSM vs NOVZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
AUSM
$31M
Winner
NOVZ
$31M
Expense Ratio
Winner
AUSM
0.18%
NOVZ
0.79%
Max Drawdown
Winner
AUSM
0.89%
NOVZ
16.96%
Sharpe Ratio
AUSM
-1.02
Winner
NOVZ
1.36
5Y Beta
Winner
AUSM
0.00
NOVZ
0.74
AUSM vs NOVZ - Historical Returns
Returns include dividend reinvestment.
1M
AUSM
+0.27%
Winner
NOVZ
+0.34%
3M
AUSM
+0.49%
Winner
NOVZ
+8.56%
6M
AUSM
+1.36%
Winner
NOVZ
+6.76%
1Y
AUSM
+2.77%
Winner
NOVZ
+17.99%
5Y(CAGR)
AUSM
N/A
NOVZ
+10.98%
Max(CAGR)
AUSM
+2.98%
Winner
NOVZ
+13.69%
AUSM vs NOVZ - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | AUSM | NOVZ |
|---|---|---|
| 2026 | +1.14% | +6.68% |
| 2025 | +1.63% | +13.16% |
| 2024 | N/A | +19.69% |
| 2023 | N/A | +18.35% |
| 2022 | N/A | -9.93% |
| 2021 | N/A | +22.93% |
| 2020 | N/A | +10.30% |
AUSM vs NOVZ Drawdown Comparison
The maximum drawdown for AUSM was -0.42%, occurring on Sep 29, 2025. Recovery took 59 trading sessions.
The maximum drawdown for NOVZ was -16.62%, occurring on Oct 12, 2022. Recovery took 367 trading sessions.
The current AUSM drawdown is -0.04%. The current NOVZ drawdown is -1.96%.
| Rank | AUSM | NOVZ |
|---|---|---|
| #1 | -0.42% Sep 16, 2025 - Dec 9, 2025 | -16.62% Dec 29, 2021 - Jun 15, 2023 |
| #2 | -0.28% Feb 27, 2026 - Apr 9, 2026 | -14.63% Feb 19, 2025 - Jun 27, 2025 |
| #3 | -0.13% Apr 9, 2026 - May 22, 2026 | -8.30% Jul 31, 2023 - Dec 8, 2023 |
| #4 | -0.08% Aug 14, 2025 - Aug 25, 2025 | -7.19% Jul 16, 2024 - Sep 19, 2024 |
| #5 | -0.07% May 22, 2026 - May 29, 2026 | -6.72% Jan 12, 2026 - Apr 15, 2026 |
| #6 | -0.06% Jul 11, 2025 - Jul 22, 2025 | -4.53% Sep 3, 2021 - Oct 20, 2021 |
| #7 | -0.06% Jun 4, 2026 - Jun 10, 2026 | -4.50% Mar 28, 2024 - May 15, 2024 |
| #8 | -0.04% Dec 31, 2025 - Jan 6, 2026 | -3.90% Oct 29, 2025 - Dec 23, 2025 |
| #9 | -0.04% Dec 22, 2025 - Dec 26, 2025 | -3.57% Feb 12, 2021 - Mar 11, 2021 |
| #10 | -0.04% Jun 10, 2026 - Jun 11, 2026 | -3.50% Dec 6, 2024 - Jan 23, 2025 |
| #11 | -0.04% Sep 5, 2025 - Sep 10, 2025 | -3.46% May 7, 2021 - Jun 11, 2021 |
| #12 | -0.04% Jan 20, 2026 - Jan 26, 2026 | -3.35% Jun 2, 2026 - Jun 10, 2026 |
| #13 | -0.02% Jun 1, 2026 - Jun 4, 2026 | -3.14% Nov 18, 2021 - Dec 23, 2021 |
| #14 | -0.02% Dec 17, 2025 - Dec 19, 2025 | -2.89% Jan 21, 2021 - Feb 4, 2021 |
| #15 | -0.00% Jul 24, 2025 - Jul 28, 2025 | -2.51% Jul 12, 2021 - Jul 23, 2021 |
Correlation
Correlation between AUSM and NOVZ is 0.81 which considered as a strong positive correlation - the stocks tend to move together.
0.81
-101
Dividend Comparison (2021 - 2026)
AUSM vs NOVZ dividend yield comparison.
| Year | AUSM | NOVZ |
|---|---|---|
| 2026 | 1.13% | 0.00% |
| 2025 | 1.26% | 3.58% |
| 2024 | 0.00% | 2.94% |
| 2023 | 0.00% | 2.27% |
| 2022 | 0.00% | 0.25% |
| 2021 | 0.00% | 0.52% |
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