GMUB vs. ASTX

Last updated Aug 4, 2026

GMUB (Goldman Sachs Municipal Income ETF) and ASTX (Tradr 2X Long ASTS Daily ETF) are both exchange-traded funds - GMUB is a Municipal Bonds fund actively managed by Goldman Sachs, while ASTX is a Leveraged Equities fund actively managed by Tradr. Both are actively managed. Over the past year, GMUB returned 5.07% vs -63.71% for ASTX. Their 0.00 correlation means their historical movements had little consistent relationship. GMUB charges 0.18%/yr vs 1.30%/yr for ASTX.

Performance

GMUB vs. ASTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goldman Sachs Municipal Income ETF (GMUB) and Tradr 2X Long ASTS Daily ETF (ASTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GMUB achieves a 0.92% return, which is significantly higher than ASTX's -69.53% return.

GMUB

• 1D: 0.08%
• 1M: -1.17%
• 6M: 0.11%
• YTD: 0.92%
• 1Y: 5.07%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 3.95%

ASTX

• 1D: 14.93%
• 1M: -50.83%
• 6M: -83.03%
• YTD: -69.53%
• 1Y: -63.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -48.04%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ASTX Tradr 2X Long ASTS Daily ETF	$49.80M	$66.60M	$197.13M
GMUB Goldman Sachs Municipal Income ETF	$3.85M	$2.59M	$2.10M

GMUB vs. ASTX - Yearly Performance Comparison

	2026 (YTD)	2025
GMUB Goldman Sachs Municipal Income ETF	0.92%	4.49%
ASTX Tradr 2X Long ASTS Daily ETF	-69.53%	63.68%

Correlation

The correlation between GMUB and ASTX is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.03
Correlation (All Time) Calculated using the full available price history since Jul 11, 2025	0.00

Return for Risk

GMUB vs. ASTX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GMUB

GMUB Risk / Return Rank: 70
GMUB Sharpe Ratio Rank: 76
GMUB Sortino Ratio Rank: 79
GMUB Omega Ratio Rank: 81
GMUB Calmar Ratio Rank: 58
GMUB Martin Ratio Rank: 58

ASTX

ASTX Risk / Return Rank: 12
ASTX Sharpe Ratio Rank: 7
ASTX Sortino Ratio Rank: 25
ASTX Omega Ratio Rank: 23
ASTX Calmar Ratio Rank: 4
ASTX Martin Ratio Rank: 3

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GMUB vs. ASTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Municipal Income ETF (GMUB) and Tradr 2X Long ASTS Daily ETF (ASTX). 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.

	GMUB	ASTX	Difference
Sharpe ratio: Return per unit of total volatility	1.91	-0.29	+2.20
Sortino ratio: Return per unit of downside risk	2.77	0.95	+1.82
Omega ratio: Gain probability vs. loss probability	1.37	1.11	+0.26
Calmar ratio: Return relative to maximum drawdown	2.22	-0.70	+2.92
Martin ratio: Return relative to average drawdown	7.48	-1.16	+8.64

GMUB vs. ASTX - Sharpe Ratio Comparison

The current GMUB Sharpe Ratio is 1.91, which is higher than the ASTX Sharpe Ratio of -0.29. The chart below compares the historical Sharpe Ratios of GMUB and ASTX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GMUB vs. ASTX - Drawdown Comparison

The maximum GMUB drawdown since its inception was -3.28%, smaller than the maximum ASTX drawdown of -91.24%. Use the drawdown chart below to compare losses from any high point for GMUB and ASTX.

Drawdown Indicators

	GMUB	ASTX	Difference
Max Drawdown Largest peak-to-trough decline	-3.28%	-91.24%	+87.96%
Max Drawdown (1Y) Largest decline over 1 year	-2.29%	-91.24%	+88.95%
Current Drawdown Current decline from peak	-1.19%	-87.67%	+86.48%
Average Drawdown Average peak-to-trough decline	-0.62%	-49.65%	+49.03%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.68%	54.86%	-54.18%

Volatility

GMUB vs. ASTX - Volatility Comparison

The current volatility for Goldman Sachs Municipal Income ETF (GMUB) is 0.89%, while Tradr 2X Long ASTS Daily ETF (ASTX) has a volatility of 62.80%. This indicates that GMUB experiences smaller price fluctuations and is considered to be less risky than ASTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GMUB	ASTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.89%	62.80%	-61.91%
Volatility (6M) Calculated over the trailing 6-month period	1.93%	163.28%	-161.35%
Volatility (1Y) Calculated over the trailing 1-year period	2.67%	219.82%	-217.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.25%	215.76%	-212.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.25%	215.76%	-212.51%

GMUB vs. ASTX - Expense Ratio Comparison

GMUB has a 0.18% expense ratio, which is lower than ASTX's 1.30% expense ratio.

Dividends

GMUB vs. ASTX - Dividend Comparison

GMUB's dividend yield for the trailing twelve months is around 3.48%, while ASTX has not paid dividends to shareholders.

Position	TTM	2025	2024
ASTX Tradr 2X Long ASTS Daily ETF	0.00%	0.00%	0.00%
GMUB Goldman Sachs Municipal Income ETF	3.48%	3.14%	1.46%

Frequently Asked Questions

Can I hold both GMUB and ASTX in my portfolio?

GMUB and ASTX have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GMUB or ASTX?

ASTX has higher volatility (62.80%) compared to GMUB (0.89%). In terms of maximum drawdown, GMUB dropped -3.28% vs ASTX's -91.24%.

Which ETF is better, GMUB or ASTX?

On 1-year performance, GMUB leads with 5.07% vs -63.71% for ASTX. On fees, GMUB is cheaper at 0.18% per year. On volatility, GMUB has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GMUB or ASTX?

Over the 1-year period, GMUB has performed better with a 5.07% return vs -63.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GMUB or ASTX?

GMUB is cheaper with a 0.18% expense ratio, compared with 1.30% for ASTX.

Which ETF pays a higher dividend yield, GMUB or ASTX?

GMUB has the higher dividend yield at 3.48%, compared with 0.00% for ASTX.

What is the main difference between GMUB and ASTX?

GMUB is categorized as Municipal Bonds, while ASTX is Leveraged Equities. They also come from different issuers: Goldman Sachs and Tradr. Their fees differ too: 0.18% for GMUB and 1.30% for ASTX.

Which has better risk-adjusted returns?

GMUB currently has the higher Sharpe Ratio (1.91 vs -0.29), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.