GSMIX Alternatives & Similar Mutual Funds

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 a closer substitute for your current allocation.

Cheapest Alternatives to GSMIX

GSMIX charges 0.73% annually. There are 325 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	GSMIX vs LSMSX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	GSMIX vs NMTRX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	GSMIX vs FHMIX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	GSMIX vs FSMUX
FMBIX	Fidelity Municipal Bond Index Fund	0.07%	0.00	Jul 2019	GSMIX vs FMBIX

Best Risk-Adjusted Alternatives to GSMIX

GSMIX has a PortfoliosLab risk / return rank of 69. There are 252 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	GSMIX vs DFABX
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	GSMIX vs DNYMX
DFCMX	DFA California Short Term Municipal Bond Portfolio	99	—	Apr 2007	GSMIX vs DFCMX
DFSMX	DFA Short Term Municipal Bond Portfolio	99	—	Aug 2002	GSMIX vs DFSMX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	GSMIX vs ATOIX

Top Performing GSMIX Alternatives (YTD)

GSMIX is at 1.66% YTD. There are 196 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.65%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	11.65%	—	Apr 1998	GSMIX vs NMI
NPV	Nuveen Virginia Quality Municipal Income Fund	6.88%	—	Mar 1993	GSMIX vs NPV
NRK	Nuveen New York AMT Free Quality Municipal Income	6.87%	—	Nov 2002	GSMIX vs NRK
AFB	AllianceBernstein National Municipal Income Fund	6.20%	—	Nov 2001	GSMIX vs AFB
MIY	BlackRock MuniYield Michigan Quality Fund	5.14%	—	Oct 1992	GSMIX vs MIY

Lowest Volatility Alternatives to GSMIX

GSMIX has 2.38% 1-year volatility. There are 174 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	GSMIX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	GSMIX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	GSMIX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	GSMIX vs USMTX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.61%	—	Aug 2002	GSMIX vs DFSMX

Lowest Drawdown Alternatives to GSMIX

GSMIX has a 1-year max drawdown of -2.46%. There are 143 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.

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

Other Mutual Funds from Goldman Sachs

The 10 most viewed Goldman Sachs mutual funds shown here include GSIMX, GSINX, GCIIX and span 8 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
GSIMX	Goldman Sachs GQG Partners International Opportuni...	Foreign Large Cap Equities	19	6.45%	—	Dec 2016	GSMIX vs GSIMX
GSINX	Goldman Sachs GQG Partners International Opportuni...	Foreign Large Cap Equities	19	6.39%	—	Dec 2016	GSMIX vs GSINX
GCIIX	Goldman Sachs International Equity Insights Fund	Foreign Large Cap Equities	43	12.60%	—	Aug 1997	GSMIX vs GCIIX
GSBFX	Goldman Sachs Income Builder Fund	Diversified Portfolio	73	5.23%	—	Oct 1994	GSMIX vs GSBFX
GICIX	Goldman Sachs International Small Cap Insights Fun...	Foreign Small & Mid Cap Equities	50	14.40%	—	Sep 2007	GSMIX vs GICIX
GCGIX	Goldman Sachs Large Cap Growth Insights Fund	Large Cap Growth Equities	24	6.18%	—	May 1997	GSMIX vs GCGIX
GSPKX	Goldman Sachs U.S. Equity Dividend and Premium Fun...	Large Cap Blend Equities	78	10.45%	—	Aug 2005	GSMIX vs GSPKX
GSIFX	Goldman Sachs International Equity ESG Fund Class ...	Foreign Large Cap Equities, ESG	12	6.83%	—	Dec 1992	GSMIX vs GSIFX
GSRAX	Goldman Sachs Rising Dividend Growth Fund	Large Cap Blend Equities, Dividend	42	11.61%	—	Mar 2004	GSMIX vs GSRAX
GGSIX	Goldman Sachs Growth Strategy Portfolio	Global Allocation	66	10.48%	—	Jan 1998	GSMIX vs GGSIX

Often Compared With GSMIX

Investors most often compare GSMIX with VKMMX, MANLX, VWIUX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
VKMMX	Invesco Municipal Income Fund	Municipal Bonds	52	2.29%	—	Jul 1990	GSMIX vs VKMMX
MANLX	BlackRock National Municipal Fund	Municipal Bonds	65	1.72%	—	Nov 1979	GSMIX vs MANLX
VWIUX	Vanguard Intermediate-Term Tax-Exempt Fund Admiral...	Municipal Bonds	70	1.33%	87.70B	Feb 2001	GSMIX vs VWIUX
VTEB	Vanguard Tax-Exempt Bond ETF	Municipal Bonds	72	1.46%	45.70B	Aug 2015	GSMIX vs VTEB
FIGTX	Federated Hermes Short-Intermediate Government Fun...	Government Bonds	15	-0.30%	—	Feb 1983	GSMIX vs FIGTX
FXNAX	Fidelity U.S. Bond Index Fund	Total Bond Market	23	0.40%	—	Mar 1990	GSMIX vs FXNAX
FUENX	Fidelity Flex Municipal Income Fund	Municipal Bonds	76	1.79%	—	Oct 2017	GSMIX vs FUENX
FTABX	Fidelity Tax-Free Bond Fund	Municipal Bonds	70	1.61%	—	Apr 2001	GSMIX vs FTABX
QQQ	Invesco QQQ ETF	Nasdaq-100	73	21.30%	493.99B	Mar 1999	GSMIX vs QQQ
GSIKX	Goldman Sachs International Equity Income Fund	Foreign Large Cap Equities	39	10.69%	—	Jun 2007	GSMIX vs GSIKX
GSAKX	Goldman Sachs International Equity Income Fund Cla...	Foreign Large Cap Equities, Dividend	37	10.59%	—	Jun 2007	GSMIX vs GSAKX
GSIHX	Goldman Sachs GQG Partners International Opportuni...	Foreign Large Cap Equities	18	6.32%	—	Dec 2016	GSMIX vs GSIHX
GSSRX	Goldman Sachs Short Duration Bond Fund	Short-Term Bond	69	0.83%	—	Feb 2012	GSMIX vs GSSRX
SWVXX	Schwab Prime Advantage Money Fund Investor Shares	Money Market	—	1.45%	248.87B	Apr 1992	GSMIX vs SWVXX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	78	1.81%	—	Jun 2012	GSMIX vs FXIEX
DMREX	DFA Municipal Real Return Portfolio	Municipal Bonds	95	2.23%	—	Nov 2014	GSMIX vs DMREX
FMNDX	Fidelity Conservative Income Municipal Bond Fund I...	Municipal Bonds	98	1.01%	—	Oct 2013	GSMIX vs FMNDX
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	96	0.67%	—	Dec 2017	GSMIX vs FGNSX
DCARX	DFA California Municipal Real Return Portfolio	Municipal Bonds	96	2.03%	—	Oct 2017	GSMIX vs DCARX
BMN	Blackrock 2037 Municipal Target Term Trust	Municipal Bonds	14	0.83%	—	Oct 2022	GSMIX vs BMN

Compare GSMIX with Any Fund or Stock

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

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Diversifiers

Pair GSMIX with funds that move differently

Goldman Sachs Dynamic Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to GSMIX.

Explore GSMIX Diversifiers

Goldman Sachs Dynamic Municipal Income Fund (GSMIX) Alternatives