GMUN's Sortino Ratio of 2.79 indicates that for each unit of downside volatility, it generates 2.79 units of excess return. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 26, 2026).
Unlike other measures, Sortino only focuses on downside volatility (losses), making it particularly useful for investors more concerned about protecting against drawdowns than overall price swings.
GMUN Sortino Ratio Market Positioning
The chart shows GMUN's Sortino Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better downside-adjusted returns.
- Red zone (bottom 25%): 1.33 or lower
- Yellow zone (middle 50%): 1.33 to 2.96
- Green zone (top 25%): 2.96 or higher
- Top 1%: 14.59+
- Median: 2.22 — half of all investments score higher
How it compares to other similar ETFs
The table compares Goldman Sachs Community Municipal Bond ETF's Sortino Ratio with other ETFs in the Municipal Bonds category across multiple time periods, showing how GMUN's risk-adjusted performance compares to similar funds.
Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Jun 26, 2026.
| Symbol | Name | 1Y Sortino Ratio | 5Y Sortino Ratio | 10Y Sortino Ratio | All Time Sortino Ratio |
|---|---|---|---|---|---|
| MYMG | State Street My2027 Municipal Bond ETF | 7.68 | |||
| MYMF | State Street My2026 Municipal Bond ETF | 6.86 | |||
| MEAR | iShares Short Maturity Municipal Bond ETF | 5.81 | |||
| STAX | Macquarie Tax-Free USA Short Term ETF | 5.76 | |||
| CALI | iShares Short-Term California Muni Active ETF | 5.56 | |||
| SMMU | PIMCO Short Term Municipal Bond Active ETF | 5.45 | |||
| FUMB | First Trust Ultra Short Duration Municipal ETF | 5.42 | |||
| VSDM | Vanguard Short Duration Tax-Exempt Bond ETF | 4.95 | |||
| CGSM | Capital Group Short Duration Municipal Income ETF | 4.90 | |||
| TAXE | T. Rowe Price Intermediate Municipal Income ETF | 4.84 | |||
| GMUN | Goldman Sachs Community Municipal Bond ETF | — |
Historical Sortino Ratio
The chart shows GMUN's rolling Sortino ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to downside risk, while declining trends may signal deteriorating risk-adjusted performance or increased volatility during market stress. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.
Identify market cycles by observing when GMUN consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.
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