Goldman Sachs Dynamic Municipal Income Fund (GSMIX) Alternatives

Goldman Sachs Dynamic Municipal Income Fund (GSMIX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with GSMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.

Cheapest Alternatives to GSMIX

GSMIX charges 0.73% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among GSMIX alternatives.

Symbol	Name	Expense Ratio	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	Dec 22, 2015	GSMIX vs LSMSX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	May 30, 2007	GSMIX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	Feb 2, 2021	GSMIX vs FHMIX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	Jun 24, 2021	GSMIX vs FSMUX
FMBIX	Fidelity Municipal Bond Index Fund	0.07%	Jul 11, 2019	GSMIX vs FMBIX

Best Risk-Adjusted Alternatives to GSMIX

Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.

Symbol	Name	Risk / Return Rank	Inception
ATOIX	abrdn Ultra Short Municipal Income Fund	100	Dec 4, 2002	GSMIX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	99	Apr 21, 2016	GSMIX vs TFCYX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	99	Dec 25, 2017	GSMIX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	99	Feb 2, 2021	GSMIX vs FHMIX
USMTX	JPMorgan Ultra-Short Municipal Fund	99	May 30, 2016	GSMIX vs USMTX

Top Performing GSMIX Alternatives (YTD)

GSMIX alternatives from the Municipal Bonds category, sorted by year-to-date return.

Symbol	Name	YTD Return	Inception
NMI	Nuveen Municipal Income Fund, Inc.	6.43%	Apr 20, 1998	GSMIX vs NMI
NPV	Nuveen Virginia Quality Municipal Income Fund	4.12%	Mar 18, 1993	GSMIX vs NPV
NRK	Nuveen New York AMT Free Quality Municipal Income	3.25%	Nov 21, 2002	GSMIX vs NRK
MIY	BlackRock MuniYield Michigan Quality Fund	2.55%	Oct 30, 1992	GSMIX vs MIY
NQP	Nuveen Pennsylvania Quality Municipal Income	2.31%	Feb 21, 1991	GSMIX vs NQP

Lowest Volatility Alternatives to GSMIX

GSMIX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.

Symbol	Name	Volatility 1Y	Inception
DFSMX	DFA Short Term Municipal Bond Portfolio	0.68%	Aug 19, 2002	GSMIX vs DFSMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.69%	May 31, 2016	GSMIX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.70%	May 30, 2016	GSMIX vs USMTX
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.71%	Apr 11, 2022	GSMIX vs DFABX
BATVX	BlackRock Allocation Target Shares	0.76%	May 20, 2021	GSMIX vs BATVX

Lowest Drawdown Alternatives to GSMIX

GSMIX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.

Symbol	Name	Max Drawdown 1Y	Inception
BATVX	BlackRock Allocation Target Shares	0.00%	May 20, 2021	GSMIX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	Dec 4, 2002	GSMIX vs ATOIX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	Apr 21, 2016	GSMIX vs TFCYX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.20%	Dec 25, 2017	GSMIX vs APUSX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.20%	Feb 2, 2021	GSMIX vs FHMIX

Other Mutual Funds from Goldman Sachs

Most popular Goldman Sachs mutual funds on PortfoliosLab, across asset classes.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
GSIMX	Goldman Sachs GQG Partners International Opportuni...	Foreign Large Cap Equities	74	3.78%	Dec 15, 2016	GSMIX vs GSIMX
GSINX	Goldman Sachs GQG Partners International Opportuni...	Foreign Large Cap Equities	73	3.75%	Dec 14, 2016	GSMIX vs GSINX
GCIIX	Goldman Sachs International Equity Insights Fund	Foreign Large Cap Equities	83	-0.88%	Aug 15, 1997	GSMIX vs GCIIX
GSBFX	Goldman Sachs Income Builder Fund	Diversified Portfolio	67	-0.56%	Oct 11, 1994	GSMIX vs GSBFX
GCGIX	Goldman Sachs Large Cap Growth Insights Fund	Large Cap Growth Equities	21	-14.32%	May 1, 1997	GSMIX vs GCGIX
GICIX	Goldman Sachs International Small Cap Insights Fun...	Foreign Small & Mid Cap Equities	89	-0.43%	Sep 27, 2007	GSMIX vs GICIX
GSPKX	Goldman Sachs U.S. Equity Dividend and Premium Fun...	Large Cap Blend Equities	34	-6.00%	Aug 31, 2005	GSMIX vs GSPKX
GSIFX	Goldman Sachs International Equity ESG Fund Class ...	Foreign Large Cap Equities, ESG	26	-5.52%	Dec 1, 1992	GSMIX vs GSIFX
GSRAX	Goldman Sachs Rising Dividend Growth Fund	Large Cap Blend Equities, Dividend	17	-1.37%	Mar 23, 2004	GSMIX vs GSRAX
GSSRX	Goldman Sachs Short Duration Bond Fund	Short-Term Bond	93	-0.81%	Feb 29, 2012	GSMIX vs GSSRX

Often Compared With GSMIX

What investors most often compare with GSMIX, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	Inception
VKMMX	Invesco Municipal Income Fund	Municipal Bonds	19	-0.60%	Jul 31, 1990	GSMIX vs VKMMX
MANLX	BlackRock National Municipal Fund	Municipal Bonds	42	-0.46%	Nov 1, 1979	GSMIX vs MANLX
VWIUX	Vanguard Intermediate-Term Tax-Exempt Fund Admiral...	Municipal Bonds	74	-0.69%	Feb 12, 2001	GSMIX vs VWIUX
VTEB	Vanguard Tax-Exempt Bond ETF	Municipal Bonds	54	-0.23%	Aug 21, 2015	GSMIX vs VTEB
FXNAX	Fidelity U.S. Bond Index Fund	Total Bond Market	56	-0.45%	—	GSMIX vs FXNAX
FUENX	Fidelity Flex Municipal Income Fund	Municipal Bonds	58	-0.50%	Oct 12, 2017	GSMIX vs FUENX
FIGTX	Federated Hermes Short-Intermediate Government Fun...	Government Bonds	69	-0.58%	Feb 17, 1983	GSMIX vs FIGTX
FTABX	Fidelity Tax-Free Bond Fund	Municipal Bonds	56	-0.77%	Apr 10, 2001	GSMIX vs FTABX
QQQ	Invesco QQQ ETF	Large Cap Growth Equities	69	-5.93%	Mar 10, 1999	GSMIX vs QQQ
GSIKX	Goldman Sachs International Equity Income Fund	Foreign Large Cap Equities	76	0.53%	Jun 24, 2007	GSMIX vs GSIKX
SWVXX	Schwab Value Advantage Money Fund	Money Market	—	0.57%	Aug 27, 1993	GSMIX vs SWVXX
GSAKX	Goldman Sachs International Equity Income Fund Cla...	Foreign Large Cap Equities, Dividend	75	0.47%	Jun 25, 2007	GSMIX vs GSAKX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	28	-0.72%	Jun 24, 2012	GSMIX vs FXIEX
GSIHX	Goldman Sachs GQG Partners International Opportuni...	Foreign Large Cap Equities	72	3.72%	Dec 15, 2016	GSMIX vs GSIHX
BMN	Blackrock 2037 Municipal Target Term Trust	Municipal Bonds	27	0.14%	Oct 28, 2022	GSMIX vs BMN
DCARX	DFA California Municipal Real Return Portfolio	Municipal Bonds	94	1.09%	Oct 31, 2017	GSMIX vs DCARX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	94	1.10%	Nov 3, 2014	GSMIX vs DMREX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	48	-0.10%	Dec 27, 2017	GSMIX vs FGNSX
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	99	0.30%	Oct 15, 2013	GSMIX vs FMNDX

Compare GSMIX with Any Fund or Stock

Compare GSMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Goldman Sachs Dynamic Municipal Income Fund

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