AUSM vs PYPY
Comparison between Allspring Ultra Short Municipal ETF (AUSM, ETF) and YIELDMAX(R) PYPL OPTION INCOME STRATEGY ETF (PYPY, ETF).
AUSM vs PYPY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
AUSM
$30M
PYPY
$30M
Expense Ratio
Winner
AUSM
0.18%
PYPY
1.31%
Max Drawdown
Winner
AUSM
0.89%
PYPY
75.70%
Sharpe Ratio
Winner
AUSM
-1.02
PYPY
-1.47
5Y Beta
Winner
AUSM
0.01
PYPY
0.94
AUSM vs PYPY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
AUSM
+0.25%
PYPY
-8.62%
3M
Winner
AUSM
+0.39%
PYPY
-8.51%
6M
Winner
AUSM
+1.36%
PYPY
-28.06%
1Y
Winner
AUSM
+2.66%
PYPY
-40.67%
Max(CAGR)
Winner
AUSM
+2.94%
PYPY
-7.72%
AUSM vs PYPY - Annual Returns (2023 - 2026)
Returns include dividend reinvestment.
| Year | AUSM | PYPY |
|---|---|---|
| 2026 | +1.04% | -24.81% |
| 2025 | +1.63% | -30.32% |
| 2024 | N/A | +43.61% |
| 2023 | N/A | +6.07% |
AUSM vs PYPY Drawdown Comparison
The maximum drawdown for AUSM was -0.42%, occurring on Sep 29, 2025. Recovery took 59 trading sessions.
The maximum drawdown for PYPY was -53.39%, occurring on Feb 12, 2026. This drawdown has not yet recovered.
The current PYPY drawdown is -50.04%.
| Rank | AUSM | PYPY |
|---|---|---|
| #1 | -0.42% Sep 16, 2025 - Dec 9, 2025 | -53.39% Dec 13, 2024 - Feb 12, 2026 |
| #2 | -0.28% Feb 27, 2026 - Apr 9, 2026 | -14.73% Apr 30, 2024 - Aug 14, 2024 |
| #3 | -0.13% Apr 9, 2026 - May 22, 2026 | -12.38% Oct 4, 2023 - Nov 28, 2023 |
| #4 | -0.08% Aug 14, 2025 - Aug 25, 2025 | -11.73% Dec 28, 2023 - Mar 18, 2024 |
| #5 | -0.07% May 22, 2026 - May 29, 2026 | -5.72% Oct 28, 2024 - Nov 11, 2024 |
| #6 | -0.06% Jul 11, 2025 - Jul 22, 2025 | -4.82% Apr 9, 2024 - Apr 26, 2024 |
| #7 | -0.04% Dec 31, 2025 - Jan 6, 2026 | -3.82% Sep 5, 2024 - Sep 18, 2024 |
| #8 | -0.04% Dec 22, 2025 - Dec 26, 2025 | -2.43% Sep 26, 2024 - Oct 8, 2024 |
| #9 | -0.04% Sep 5, 2025 - Sep 10, 2025 | -2.41% Nov 11, 2024 - Nov 22, 2024 |
| #10 | -0.04% Jan 20, 2026 - Jan 26, 2026 | -2.30% Mar 28, 2024 - Apr 8, 2024 |
| #11 | -0.02% Jun 1, 2026 - Jun 4, 2026 | -2.24% Sep 26, 2023 - Oct 4, 2023 |
| #12 | -0.02% Dec 17, 2025 - Dec 19, 2025 | -1.81% Nov 25, 2024 - Dec 4, 2024 |
| #13 | -0.00% Jul 24, 2025 - Jul 28, 2025 | -1.44% Aug 26, 2024 - Aug 29, 2024 |
| #14 | N/A | -1.35% Dec 9, 2024 - Dec 11, 2024 |
| #15 | N/A | -1.10% Oct 14, 2024 - Oct 16, 2024 |
Correlation
Correlation between AUSM and PYPY is -0.96 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.
-0.96
-101
Dividend Comparison (2023 - 2026)
AUSM vs PYPY dividend yield comparison.
| Year | AUSM | PYPY |
|---|---|---|
| 2026 | 1.13% | 25.29% |
| 2025 | 1.26% | 64.68% |
| 2024 | 0.00% | 48.65% |
| 2023 | 0.00% | 5.70% |
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