- CUSIP
- 38149W572
- Issuer
- Goldman Sachs
- Inception Date
- Jul 23, 2024
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $39M
Share Price Chart
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Performance
GUMI Performance Chart
Goldman Sachs Ultra Short Municipal Income ETF (GUMI) is up 1.2% since the beginning of the year. GUMI is currently trading at $50 per share.
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Returns By Period
Goldman Sachs Ultra Short Municipal Income ETF (GUMI) has returned 1.23% so far this year and 3.23% over the past 12 months.
Goldman Sachs Ultra Short Municipal Income ETF
- 1D
- 0.02%
- 1M
- 0.34%
- YTD
- 1.23%
- 6M
- 1.49%
- 1Y
- 3.23%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.50%
- 1M
- 0.31%
- YTD
- 8.56%
- 6M
- 8.85%
- 1Y
- 24.33%
- 3Y*
- 19.37%
- 5Y*
- 11.84%
- 10Y*
- 13.61%
GUMI Monthly Returns History
Based on dividend-adjusted daily data since Jul 25, 2024, GUMI's average daily return is +0.01%, while the average monthly return is +0.25%. At this rate, an investment would double in approximately 23.1 years.
Historically, 96% of months were positive and 4% were negative. The best month was Nov 2025 with a return of +0.4%, while the worst month was Oct 2025 at -0.0%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 1 months.
On a daily basis, GUMI closed higher 59% of trading days. The best single day was Nov 25, 2024 with a return of +0.3%, while the worst single day was Oct 8, 2025 at -0.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.31% | 0.24% | 0.17% | 0.08% | 0.19% | 0.24% | 1.23% | ||||||
| 2025 | 0.28% | 0.29% | 0.19% | 0.15% | 0.34% | 0.38% | 0.30% | 0.32% | 0.40% | -0.01% | 0.41% | 0.27% | 3.39% |
| 2024 | 0.17% | 0.39% | 0.22% | 0.18% | 0.39% | 0.21% | 1.57% |
Benchmark Metrics
Goldman Sachs Ultra Short Municipal Income ETF has an annualized alpha of 3.36%, beta of -0.00, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since July 25, 2024.
- This ETF captured 6.70% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -11.29%) - a profile typical of hedging or uncorrelated assets.
- Beta of -0.00 may look defensive, but with R2 of 0.00 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.00 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.36%
- Beta
- -0.00
- R²
- 0.00
- Upside Capture
- 6.70%
- Downside Capture
- -11.29%
Expense Ratio
GUMI has an expense ratio of 0.16%, which is considered low.
Return for Risk
Risk / Return Rank
GUMI ranks 95 for risk / return — in the top 95% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goldman Sachs Ultra Short Municipal Income ETF (GUMI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GUMI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.34 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 8.61 | 2.53 | +6.08 |
| Martin ratioReturn relative to average drawdown | 37.30 | 11.37 | +25.93 |
Dividends
Dividend History
Goldman Sachs Ultra Short Municipal Income ETF provided a 2.77% dividend yield over the last twelve months, with an annual payout of $1.39 per share.
| Period | TTM | 2025 | 2024 |
|---|---|---|---|
| Dividend | $1.39 | $1.48 | $0.68 |
Dividend yield | 2.77% | 2.95% | 1.37% |
Monthly Dividends
The table displays the monthly dividend distributions for Goldman Sachs Ultra Short Municipal Income ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.10 | $0.11 | $0.10 | $0.12 | $0.11 | $0.55 | ||||||
| 2025 | $0.00 | $0.14 | $0.12 | $0.12 | $0.13 | $0.13 | $0.14 | $0.12 | $0.12 | $0.13 | $0.11 | $0.22 | $1.48 |
| 2024 | $0.16 | $0.13 | $0.14 | $0.25 | $0.68 |
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 Ultra Short Municipal Income 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 Ultra Short Municipal Income ETF was 0.48%, occurring on Apr 11, 2025. Recovery took 19 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -0.48%Apr 2025 | 3d | 28d | 1mo 1dApr 2025 - May 2025 |
2025 pullback2025 | -0.36%Nov 2025 | 2d | 10d | 12dNov 2025 - Dec 2025 |
2025 pullback2025 | -0.27%Oct 2025 | 2d | 5d | 7dSep 2025 - Oct 2025 |
2025 pullback2025 | -0.25%Oct 2025 | 0s | 1mo 3d | 1mo 3dOct 2025 - Nov 2025 |
2025 pullback2025 | -0.22%Sep 2025 | 8d | 6d | 14dSep 2025 - Sep 2025 |
Drawdown Indicators
| GUMI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.48% | -56.78% | +56.30% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | -9.10% | +8.74% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.34% | +2.34% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -10.72% | +10.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | 2.02% | -1.94% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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