GMUN vs. CA
Compare and contrast key facts about Goldman Sachs Community Municipal Bond ETF (GMUN) and Xtrackers California Municipal Bond ETF (CA).
GMUN and CA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GMUN is a passively managed fund by Goldman Sachs that tracks the performance of the Bloomberg Goldman Sachs Community Municipal Index. It was launched on Mar 7, 2023. CA is a passively managed fund by Xtrackers that tracks the performance of the ICE AMT-Free Broad Liquid California Municipal Index - Benchmark TR Gross. It was launched on Dec 13, 2023. Both GMUN and CA are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
GMUN vs. CA - Performance Comparison
Loading graphics...
GMUN vs. CA - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GMUN Goldman Sachs Community Municipal Bond ETF | -0.23% | 5.92% | 0.31% | 0.40% |
CA Xtrackers California Municipal Bond ETF | 0.04% | 3.05% | 1.51% | 0.79% |
Returns By Period
In the year-to-date period, GMUN achieves a -0.23% return, which is significantly lower than CA's 0.04% return.
GMUN
- 1D
- 0.24%
- 1M
- -1.90%
- YTD
- -0.23%
- 6M
- 1.15%
- 1Y
- 5.05%
- 3Y*
- 2.59%
- 5Y*
- —
- 10Y*
- —
CA
- 1D
- 0.11%
- 1M
- -1.69%
- YTD
- 0.04%
- 6M
- 1.33%
- 1Y
- 3.67%
- 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.
GMUN vs. CA - Expense Ratio Comparison
GMUN has a 0.15% expense ratio, which is higher than CA's 0.07% 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
GMUN vs. CA — Risk / Return Rank
GMUN
CA
GMUN vs. CA - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Community Municipal Bond ETF (GMUN) and Xtrackers California Municipal Bond ETF (CA). 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.
| GMUN | CA | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 0.84 | +0.81 |
Sortino ratioReturn per unit of downside risk | 2.08 | 1.11 | +0.97 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.20 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.09 | +0.83 |
Martin ratioReturn relative to average drawdown | 6.60 | 3.10 | +3.50 |
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
| GMUN | CA | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.84 | +0.81 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.58 | +0.49 |
Correlation
The correlation between GMUN and CA is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
GMUN vs. CA - Dividend Comparison
GMUN's dividend yield for the trailing twelve months is around 3.08%, less than CA's 3.23% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GMUN Goldman Sachs Community Municipal Bond ETF | 3.08% | 2.94% | 3.22% | 2.20% |
CA Xtrackers California Municipal Bond ETF | 3.23% | 3.14% | 3.03% | 0.00% |
Drawdowns
GMUN vs. CA - Drawdown Comparison
The maximum GMUN drawdown since its inception was -4.35%, smaller than the maximum CA drawdown of -5.24%. Use the drawdown chart below to compare losses from any high point for GMUN and CA.
Loading graphics...
Drawdown Indicators
| GMUN | CA | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -5.24% | +0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -3.67% | +0.84% |
Current DrawdownCurrent decline from peak | -2.19% | -1.88% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -1.30% | +0.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 1.29% | -0.47% |
Volatility
GMUN vs. CA - Volatility Comparison
Goldman Sachs Community Municipal Bond ETF (GMUN) and Xtrackers California Municipal Bond ETF (CA) have volatilities of 1.22% and 1.27%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GMUN | CA | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 1.27% | -0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 1.77% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 4.38% | -1.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 4.09% | -1.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.95% | 4.09% | -1.14% |