GMUB vs. ASTX

Last updated Jun 24, 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. At a 0.00 correlation, their price movements are largely independent. 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 1.70% return, which is significantly higher than ASTX's -52.35% return.

GMUB

• 1D: -0.04%
• 1M: 0.96%
• YTD: 1.70%
• 6M: 2.06%
• 1Y: 6.74%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ASTX

• 1D: -0.86%
• 1M: -60.80%
• YTD: -52.35%
• 6M: -66.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

GMUB vs. ASTX - Yearly Performance Comparison

	2026 (YTD)	2025
GMUB Goldman Sachs Municipal Income ETF	1.70%	4.49%
ASTX Tradr 2X Long ASTS Daily ETF	-52.35%	63.68%

Correlation

The correlation between GMUB and ASTX is 0.00, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

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

GMUB

GMUB Risk / Return Rank: 79
GMUB Sharpe Ratio Rank: 85
GMUB Sortino Ratio Rank: 91
GMUB Omega Ratio Rank: 89
GMUB Calmar Ratio Rank: 65
GMUB Martin Ratio Rank: 64

ASTX

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

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.

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	2.51	—	—
Sortino ratio: Return per unit of downside risk	3.85	—	—
Omega ratio: Gain probability vs. loss probability	1.51	—	—
Calmar ratio: Return relative to maximum drawdown	2.96	—	—
Martin ratio: Return relative to average drawdown	10.56	—	—

Drawdowns

GMUB vs. ASTX - Drawdown Comparison

The maximum GMUB drawdown since its inception was -3.28%, smaller than the maximum ASTX drawdown of -80.72%. 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%	-80.72%	+77.44%
Max Drawdown (1Y) Largest decline over 1 year	-2.29%	—	—
Current Drawdown Current decline from peak	-0.32%	-80.72%	+80.40%
Average Drawdown Average peak-to-trough decline	-0.63%	-45.59%	+44.96%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.64%	—	—

Volatility

Volatility by Period

	GMUB	ASTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.56%	—	—
Volatility (6M) Calculated over the trailing 6-month period	1.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	2.70%	214.01%	-211.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.27%	214.01%	-210.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.27%	214.01%	-210.74%

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 3.25%, 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	3.25%	3.14%	1.46%

Frequently Asked Questions

Can I hold both GMUB and ASTX in my portfolio?

GMUB and ASTX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GMUB or ASTX?

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.

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 3.25%, 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.