GMUN vs. GSEW
Compare and contrast key facts about Goldman Sachs Community Municipal Bond ETF (GMUN) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW).
GMUN and GSEW 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. GSEW is a passively managed fund by Goldman Sachs that tracks the performance of the Solactive US Large Cap Equal Weight Index. It was launched on Sep 12, 2017. Both GMUN and GSEW 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. GSEW - Performance Comparison
Loading graphics...
GMUN vs. GSEW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GMUN Goldman Sachs Community Municipal Bond ETF | -0.23% | 5.92% | 0.31% | 3.68% |
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 0.15% | 11.97% | 16.89% | 15.35% |
Returns By Period
In the year-to-date period, GMUN achieves a -0.23% return, which is significantly lower than GSEW's 0.15% return.
GMUN
- 1D
- 0.24%
- 1M
- -1.90%
- YTD
- -0.23%
- 6M
- 1.15%
- 1Y
- 5.05%
- 3Y*
- 2.59%
- 5Y*
- —
- 10Y*
- —
GSEW
- 1D
- 0.38%
- 1M
- -5.12%
- YTD
- 0.15%
- 6M
- 0.69%
- 1Y
- 13.18%
- 3Y*
- 14.03%
- 5Y*
- 7.88%
- 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. GSEW - Expense Ratio Comparison
GMUN has a 0.15% expense ratio, which is higher than GSEW's 0.09% 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. GSEW — Risk / Return Rank
GMUN
GSEW
GMUN vs. GSEW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Community Municipal Bond ETF (GMUN) and Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW). 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 | GSEW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 0.75 | +0.90 |
Sortino ratioReturn per unit of downside risk | 2.08 | 1.16 | +0.92 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.17 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 1.06 | +0.85 |
Martin ratioReturn relative to average drawdown | 6.60 | 4.86 | +1.73 |
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 | GSEW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.75 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.56 | +0.51 |
Correlation
The correlation between GMUN and GSEW is 0.13, 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
GMUN vs. GSEW - Dividend Comparison
GMUN's dividend yield for the trailing twelve months is around 3.08%, more than GSEW's 1.55% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GMUN Goldman Sachs Community Municipal Bond ETF | 3.08% | 2.94% | 3.22% | 2.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 1.55% | 1.52% | 1.46% | 1.64% | 1.74% | 1.34% | 1.53% | 1.66% | 1.56% | 0.54% |
Drawdowns
GMUN vs. GSEW - Drawdown Comparison
The maximum GMUN drawdown since its inception was -4.35%, smaller than the maximum GSEW drawdown of -38.65%. Use the drawdown chart below to compare losses from any high point for GMUN and GSEW.
Loading graphics...
Drawdown Indicators
| GMUN | GSEW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -38.65% | +34.30% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -12.71% | +9.88% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.74% | — |
Current DrawdownCurrent decline from peak | -2.19% | -5.14% | +2.95% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -5.99% | +5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.78% | -1.96% |
Volatility
GMUN vs. GSEW - Volatility Comparison
The current volatility for Goldman Sachs Community Municipal Bond ETF (GMUN) is 1.22%, while Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) has a volatility of 4.87%. This indicates that GMUN experiences smaller price fluctuations and is considered to be less risky than GSEW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GMUN | GSEW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 4.87% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 9.59% | -7.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 17.69% | -14.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 16.91% | -13.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.95% | 19.32% | -16.37% |