Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with GMNY. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to GMNY
GMNY charges 0.30% annually. There are 88 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 4.00B | Oct 2022 | GMNY vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | GMNY vs VTEB | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 126.55M | Aug 2025 | GMNY vs TAXS | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 163.46M | Aug 2025 | GMNY vs TAXI | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.72M | Aug 2025 | GMNY vs TAXT |
Best Risk-Adjusted Alternatives to GMNY
GMNY has a PortfoliosLab risk / return rank of 80. There are 47 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | GMNY vs FUMB | |
| State Street My2027 Municipal Bond ETF | 97 | 8.64M | Sep 2024 | GMNY vs MYMG | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | GMNY vs AUSM | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | GMNY vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.41B | Mar 2015 | GMNY vs MEAR |
Top Performing GMNY Alternatives (YTD)
GMNY is at 2.11% YTD. There are 39 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.58%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.58% | 143.84M | Jun 2013 | GMNY vs RVNU | |
| Overlay Shares Municipal Bond ETF | 4.10% | 30.60M | Sep 2019 | GMNY vs OVM | |
| T. Rowe Price High Income Municipal ETF | 4.04% | 25.42M | Nov 2025 | GMNY vs THYM | |
| First Trust Flexible Municipal High Income ETF | 3.99% | 20.73M | Sep 2016 | GMNY vs MFLX | |
| Rareview Tax Advantaged Income ETF | 3.89% | 18.13M | Oct 2020 | GMNY vs RTAI |
Lowest Volatility Alternatives to GMNY
GMNY has 2.70% 1-year volatility. There are 70 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 33.31M | Sep 2025 | GMNY vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.71% | 8.73M | Sep 2024 | GMNY vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.72% | 408.07M | Oct 2007 | GMNY vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.74% | 30.06M | Jul 2025 | GMNY vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.79% | 245.94M | Nov 2018 | GMNY vs FUMB |
Lowest Drawdown Alternatives to GMNY
GMNY has a 1-year max drawdown of -2.21%. There are 38 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 245.94M | Nov 2018 | GMNY vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | GMNY vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | GMNY vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | GMNY vs GUMI | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 581.67M | Apr 2019 | GMNY vs IBMO |
Other ETFs from Goldman Sachs
The 10 most viewed Goldman Sachs ETFs shown here include GPIQ, GPIX, AAAU and span 13 categories. AUM among these funds goes as high as $15B.
Often Compared With GMNY
Investors most often compare GMNY with XLEI, YCS, UCO. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare GMNY with Any Fund or Stock
Compare GMNY with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair GMNY with funds that move differently
Goldman Sachs Dynamic New York Municipal Income ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GMNY.
Explore GMNY Diversifiers