BSMQ vs. GUMI
Compare and contrast key facts about Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) and Goldman Sachs Ultra Short Municipal Income ETF (GUMI).
BSMQ and GUMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSMQ is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares Municipal Bond 2026 Index. It was launched on Sep 25, 2019. GUMI is an actively managed fund by Goldman Sachs. It was launched on Jul 23, 2024.
Performance
BSMQ vs. GUMI - Performance Comparison
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BSMQ vs. GUMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BSMQ Invesco BulletShares 2026 Municipal Bond ETF | 0.55% | 3.12% | 1.19% |
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 0.67% | 3.39% | 1.52% |
Returns By Period
In the year-to-date period, BSMQ achieves a 0.55% return, which is significantly lower than GUMI's 0.67% return.
BSMQ
- 1D
- -0.06%
- 1M
- -0.03%
- YTD
- 0.55%
- 6M
- 1.43%
- 1Y
- 2.72%
- 3Y*
- 2.48%
- 5Y*
- 0.49%
- 10Y*
- —
GUMI
- 1D
- -0.04%
- 1M
- 0.08%
- YTD
- 0.67%
- 6M
- 1.49%
- 1Y
- 3.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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BSMQ vs. GUMI - Expense Ratio Comparison
BSMQ has a 0.18% expense ratio, which is higher than GUMI's 0.16% 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%.
Return for Risk
BSMQ vs. GUMI — Risk / Return Rank
BSMQ
GUMI
BSMQ vs. GUMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) 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.
| BSMQ | GUMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.42 | 2.82 | -1.40 |
Sortino ratioReturn per unit of downside risk | 1.93 | 4.39 | -2.46 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.62 | -0.30 |
Calmar ratioReturn relative to maximum drawdown | 1.55 | 6.88 | -5.34 |
Martin ratioReturn relative to average drawdown | 7.71 | 29.42 | -21.71 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BSMQ | GUMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.42 | 2.82 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.18 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 3.32 | -3.08 |
Correlation
The correlation between BSMQ and GUMI is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
BSMQ vs. GUMI - Dividend Comparison
BSMQ's dividend yield for the trailing twelve months is around 2.77%, less than GUMI's 2.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSMQ Invesco BulletShares 2026 Municipal Bond ETF | 2.77% | 2.74% | 2.75% | 2.47% | 1.60% | 1.14% | 1.57% | 0.44% |
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 2.81% | 2.95% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
BSMQ vs. GUMI - Drawdown Comparison
The maximum BSMQ drawdown since its inception was -13.18%, which is greater than GUMI's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for BSMQ and GUMI.
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Drawdown Indicators
| BSMQ | GUMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.18% | -0.48% | -12.70% |
Max Drawdown (1Y)Largest decline over 1 year | -1.57% | -0.48% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -11.50% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.04% | -0.06% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -0.05% | -3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.36% | 0.11% | +0.25% |
Volatility
BSMQ vs. GUMI - Volatility Comparison
Invesco BulletShares 2026 Municipal Bond ETF (BSMQ) has a higher volatility of 0.36% compared to Goldman Sachs Ultra Short Municipal Income ETF (GUMI) at 0.18%. This indicates that BSMQ's price experiences larger fluctuations and is considered to be riskier than GUMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BSMQ | GUMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.36% | 0.18% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 0.95% | 0.75% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.92% | 1.15% | +0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.68% | 1.01% | +1.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.85% | 1.01% | +3.84% |