BEDY vs. GUMI

Last updated Jun 23, 2026

BEDY (BNY Mellon Enhanced Dividend Income ETF) and GUMI (Goldman Sachs Ultra Short Municipal Income ETF) are both exchange-traded funds - BEDY is a Large Cap Value Equities fund actively managed by BNY Mellon, while GUMI is a Municipal Bonds fund actively managed by Goldman Sachs. Both are actively managed. At a 0.12 correlation, their price movements are largely independent. BEDY charges 0.50%/yr vs 0.16%/yr for GUMI.

Performance

BEDY vs. GUMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Enhanced Dividend Income ETF (BEDY) and Goldman Sachs Ultra Short Municipal Income ETF (GUMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BEDY achieves a 12.74% return, which is significantly higher than GUMI's 1.27% return.

BEDY

• 1D: 0.83%
• 1M: 2.54%
• YTD: 12.74%
• 6M: 11.90%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GUMI

• 1D: -0.01%
• 1M: 0.30%
• YTD: 1.27%
• 6M: 1.37%
• 1Y: 3.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEDY vs. GUMI - Yearly Performance Comparison

	2026 (YTD)	2025
BEDY BNY Mellon Enhanced Dividend Income ETF	12.74%	1.45%
GUMI Goldman Sachs Ultra Short Municipal Income ETF	1.27%	0.23%

Correlation

The correlation between BEDY and GUMI is 0.12, 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 Dec 8, 2025	0.12

Return for Risk

BEDY vs. GUMI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BEDY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

GUMI

GUMI Risk / Return Rank: 95
GUMI Sharpe Ratio Rank: 91
GUMI Sortino Ratio Rank: 95
GUMI Omega Ratio Rank: 94
GUMI Calmar Ratio Rank: 96
GUMI Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BEDY vs. GUMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Enhanced Dividend Income ETF (BEDY) and Goldman Sachs Ultra Short Municipal Income ETF (GUMI). 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.

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.

	BEDY	GUMI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.98	—
Sortino ratio: Return per unit of downside risk	—	4.86	—
Omega ratio: Gain probability vs. loss probability	—	1.66	—
Calmar ratio: Return relative to maximum drawdown	—	8.90	—
Martin ratio: Return relative to average drawdown	—	38.52	—

Drawdowns

BEDY vs. GUMI - Drawdown Comparison

The maximum BEDY drawdown since its inception was -6.25%, which is greater than GUMI's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for BEDY and GUMI.

Drawdown Indicators

	BEDY	GUMI	Difference
Max Drawdown Largest peak-to-trough decline	-6.25%	-0.48%	-5.77%
Max Drawdown (1Y) Largest decline over 1 year	—	-0.36%	—
Current Drawdown Current decline from peak	-0.16%	-0.01%	-0.15%
Average Drawdown Average peak-to-trough decline	-1.28%	-0.05%	-1.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.08%	—

Volatility

Volatility by Period

	BEDY	GUMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.21%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.51%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.15%	1.07%	+11.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.15%	0.98%	+11.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.15%	0.98%	+11.17%

BEDY vs. GUMI - Expense Ratio Comparison

BEDY has a 0.50% expense ratio, which is higher than GUMI's 0.16% expense ratio.

Dividends

BEDY vs. GUMI - Dividend Comparison

BEDY's dividend yield for the trailing twelve months is around 3.28%, more than GUMI's 2.77% yield.

Position	TTM	2025	2024
BEDY BNY Mellon Enhanced Dividend Income ETF	3.28%	0.09%	0.00%
GUMI Goldman Sachs Ultra Short Municipal Income ETF	2.77%	2.95%	1.37%

Frequently Asked Questions

Can I hold both BEDY and GUMI in my portfolio?

BEDY and GUMI have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BEDY or GUMI?

On fees, GUMI is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BEDY or GUMI?

GUMI is cheaper with a 0.16% expense ratio, compared with 0.50% for BEDY.

Which ETF pays a higher dividend yield, BEDY or GUMI?

BEDY has the higher dividend yield at 3.28%, compared with 2.77% for GUMI.

What is the main difference between BEDY and GUMI?

BEDY is categorized as Large Cap Value Equities, while GUMI is Municipal Bonds. They also come from different issuers: BNY Mellon and Goldman Sachs. Their fees differ too: 0.50% for BEDY and 0.16% for GUMI.