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Goldman Sachs Community Municipal Bond ETF (GMUN)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

ETF Info

ISIN

US38149W6637

Inception Date

Mar 7, 2023

Region

North America (U.S.)

Leveraged

1x

Index Tracked

Bloomberg Goldman Sachs Community Municipal Index

Asset Class

Bond

Expense Ratio

GMUN has an expense ratio of 0.15%, which is considered low.


Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Performance

Performance Chart


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S&P 500

Returns By Period

Goldman Sachs Community Municipal Bond ETF (GMUN) returned 0.64% year-to-date (YTD) and 3.51% over the past 12 months.


GMUN

YTD

0.64%

1M

0.70%

6M

-0.16%

1Y

3.51%

3Y*

N/A

5Y*

N/A

10Y*

N/A

^GSPC (Benchmark)

YTD

0.52%

1M

6.32%

6M

-1.44%

1Y

12.25%

3Y*

12.45%

5Y*

14.20%

10Y*

10.84%

*Annualized

Monthly Returns

The table below presents the monthly returns of GMUN, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.50%1.10%-1.34%-0.15%0.55%0.64%
2024-0.53%-0.04%-0.31%-0.89%-0.65%1.01%1.09%0.87%0.76%-1.15%1.16%-0.97%0.31%
20231.76%-0.46%-0.93%0.54%0.09%-0.67%-1.80%-0.45%3.82%1.83%3.68%
Go deeper with the Portfolio Analysis tool — backtest performance, assess risk, compare to benchmarks, and more

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

With an overall rank of 75, GMUN is among the top 25% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.


The Risk-Adjusted Performance Rank of GMUN is 7575
Overall Rank
The Sharpe Ratio Rank of GMUN is 7777
Sharpe Ratio Rank
The Sortino Ratio Rank of GMUN is 6969
Sortino Ratio Rank
The Omega Ratio Rank of GMUN is 7575
Omega Ratio Rank
The Calmar Ratio Rank of GMUN is 8181
Calmar Ratio Rank
The Martin Ratio Rank of GMUN is 7272
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Goldman Sachs Community Municipal Bond ETF (GMUN) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Goldman Sachs Community Municipal Bond ETF Sharpe ratios as of May 30, 2025 (values are recalculated daily):

  • 1-Year: 1.02
  • All Time: 0.66

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Goldman Sachs Community Municipal Bond ETF compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.


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Go to the full Sharpe Ratio tool to analyze any stock or portfolio. Customize time frames, set your own risk-free rate, and more

Dividends

Dividend History

Goldman Sachs Community Municipal Bond ETF provided a 2.94% dividend yield over the last twelve months, with an annual payout of $1.45 per share.


2.20%2.40%2.60%2.80%3.00%3.20%$0.00$0.50$1.00$1.5020232024
Dividends
Dividend Yield
PeriodTTM20242023
Dividend$1.45$1.59$1.11

Dividend yield

2.94%3.22%2.20%

Monthly Dividends

The table displays the monthly dividend distributions for Goldman Sachs Community Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.00$0.12$0.11$0.12$0.12$0.47
2024$0.00$0.26$0.11$0.11$0.13$0.12$0.11$0.13$0.12$0.14$0.12$0.24$1.59
2023$0.09$0.11$0.11$0.11$0.12$0.12$0.11$0.13$0.22$1.11

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


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Worst Drawdowns

The table below displays the maximum drawdowns of the Goldman Sachs Community Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Goldman Sachs Community Municipal Bond ETF was 4.35%, occurring on Oct 6, 2023. Recovery took 42 trading sessions.

The current Goldman Sachs Community Municipal Bond ETF drawdown is 0.95%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-4.35%Apr 13, 2023123Oct 6, 202342Dec 6, 2023165
-3.04%Mar 3, 202530Apr 11, 2025
-2.53%Dec 28, 2023105May 29, 202444Aug 1, 2024149
-1.92%Oct 2, 202426Nov 6, 202419Dec 4, 202445
-1.87%Dec 9, 202424Jan 14, 202528Feb 25, 202552
Go to the full Drawdowns tool for more analysis options, including inflation-adjusted drawdowns, and more

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.


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