AMUN vs. GMUB
AMUN (abrdn Ultra Short Municipal Income Active ETF) and GMUB (Goldman Sachs Municipal Income ETF) are both Municipal Bonds funds. Both are actively managed. At a 0.11 correlation, their price movements are largely independent. AMUN charges 0.25%/yr vs 0.18%/yr for GMUB.
Performance
AMUN vs. GMUB - Performance Comparison
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Returns By Period
In the year-to-date period, AMUN achieves a 1.11% return, which is significantly lower than GMUB's 1.56% return.
AMUN
- 1D
- -0.02%
- 1M
- 0.32%
- YTD
- 1.11%
- 6M
- 1.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GMUB
- 1D
- -0.02%
- 1M
- 0.54%
- YTD
- 1.56%
- 6M
- 2.15%
- 1Y
- 7.57%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
AMUN vs. GMUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AMUN abrdn Ultra Short Municipal Income Active ETF | 1.11% | 0.14% |
GMUB Goldman Sachs Municipal Income ETF | 1.56% | 1.05% |
Correlation
The correlation between AMUN and GMUB is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 21, 2025 | 0.11 |
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Return for Risk
AMUN vs. GMUB — Risk / Return Rank
AMUN
GMUB
AMUN vs. GMUB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for abrdn Ultra Short Municipal Income Active ETF (AMUN) and Goldman Sachs Municipal Income ETF (GMUB). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| AMUN | GMUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 2.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.05 | 1.42 | +0.63 |
Drawdowns
AMUN vs. GMUB - Drawdown Comparison
The maximum AMUN drawdown since its inception was -0.61%, smaller than the maximum GMUB drawdown of -3.28%. Use the drawdown chart below to compare losses from any high point for AMUN and GMUB.
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Drawdown Indicators
| AMUN | GMUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.61% | -3.28% | +2.67% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.29% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.46% | +0.44% |
Average DrawdownAverage peak-to-trough decline | -0.09% | -0.63% | +0.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.63% | — |
Volatility
AMUN vs. GMUB - Volatility Comparison
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Volatility by Period
| AMUN | GMUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.78% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 1.89% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.01% | 2.74% | -1.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.01% | 3.30% | -2.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.01% | 3.30% | -2.29% |
AMUN vs. GMUB - Expense Ratio Comparison
AMUN has a 0.25% expense ratio, which is higher than GMUB's 0.18% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AMUN vs. GMUB - Dividend Comparison
AMUN's dividend yield for the trailing twelve months is around 1.89%, less than GMUB's 3.26% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
AMUN abrdn Ultra Short Municipal Income Active ETF | 1.89% | 0.66% | 0.00% |
GMUB Goldman Sachs Municipal Income ETF | 3.26% | 3.14% | 1.46% |
Frequently Asked Questions
AMUN and GMUB have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GMUB is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GMUB is cheaper with a 0.18% expense ratio, compared with 0.25% for AMUN.
GMUB has the higher dividend yield at 3.26%, compared with 1.89% for AMUN.
They also come from different issuers: abrdn and Goldman Sachs. Their fees differ too: 0.25% for AMUN and 0.18% for GMUB.
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