BSMS vs. GUMI
Compare and contrast key facts about Invesco BulletShares 2028 Municipal Bond ETF (BSMS) and Goldman Sachs Ultra Short Municipal Income ETF (GUMI).
BSMS and GUMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BSMS is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares Municipal Bond 2028 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
BSMS vs. GUMI - Performance Comparison
Loading graphics...
BSMS vs. GUMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
BSMS Invesco BulletShares 2028 Municipal Bond ETF | 0.40% | 3.61% | 1.11% |
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 0.67% | 3.39% | 1.52% |
Returns By Period
In the year-to-date period, BSMS achieves a 0.40% return, which is significantly lower than GUMI's 0.67% return.
BSMS
- 1D
- 0.17%
- 1M
- -0.71%
- YTD
- 0.40%
- 6M
- 1.43%
- 1Y
- 3.75%
- 3Y*
- 2.47%
- 5Y*
- 0.35%
- 10Y*
- —
GUMI
- 1D
- -0.04%
- 1M
- 0.08%
- YTD
- 0.67%
- 6M
- 1.49%
- 1Y
- 3.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
BSMS vs. GUMI - Expense Ratio Comparison
BSMS 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
BSMS vs. GUMI — Risk / Return Rank
BSMS
GUMI
BSMS vs. GUMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BulletShares 2028 Municipal Bond ETF (BSMS) 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.
| BSMS | GUMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 2.82 | -1.55 |
Sortino ratioReturn per unit of downside risk | 1.57 | 4.39 | -2.82 |
Omega ratioGain probability vs. loss probability | 1.36 | 1.62 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.35 | 6.88 | -5.53 |
Martin ratioReturn relative to average drawdown | 5.90 | 29.42 | -23.53 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| BSMS | GUMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.82 | -1.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.10 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 3.32 | -3.13 |
Correlation
The correlation between BSMS and GUMI is 0.32, 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
BSMS vs. GUMI - Dividend Comparison
BSMS's dividend yield for the trailing twelve months is around 2.79%, which matches GUMI's 2.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BSMS Invesco BulletShares 2028 Municipal Bond ETF | 2.79% | 2.79% | 2.81% | 2.58% | 1.56% | 1.49% | 1.61% | 0.46% |
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
BSMS vs. GUMI - Drawdown Comparison
The maximum BSMS drawdown since its inception was -14.95%, which is greater than GUMI's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for BSMS and GUMI.
Loading graphics...
Drawdown Indicators
| BSMS | GUMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.95% | -0.48% | -14.47% |
Max Drawdown (1Y)Largest decline over 1 year | -2.96% | -0.48% | -2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -14.95% | — | — |
Current DrawdownCurrent decline from peak | -1.50% | -0.04% | -1.46% |
Average DrawdownAverage peak-to-trough decline | -5.07% | -0.05% | -5.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.68% | 0.11% | +0.57% |
Volatility
BSMS vs. GUMI - Volatility Comparison
Invesco BulletShares 2028 Municipal Bond ETF (BSMS) has a higher volatility of 0.47% compared to Goldman Sachs Ultra Short Municipal Income ETF (GUMI) at 0.18%. This indicates that BSMS'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.
Loading graphics...
Volatility by Period
| BSMS | GUMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.47% | 0.18% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 0.93% | 0.75% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.96% | 1.15% | +1.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.61% | 1.01% | +2.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.28% | 1.01% | +5.27% |