GMUN vs. RVNU
Compare and contrast key facts about Goldman Sachs Community Municipal Bond ETF (GMUN) and Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU).
GMUN and RVNU 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. RVNU is a passively managed fund by Deutsche Bank that tracks the performance of the Solactive Municipal Infrastructure Revenue Bond Index. It was launched on Jun 4, 2013. Both GMUN and RVNU 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. RVNU - Performance Comparison
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GMUN vs. RVNU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GMUN Goldman Sachs Community Municipal Bond ETF | -0.23% | 5.92% | 0.31% | 3.68% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 1.36% | 0.58% | 1.46% | 8.46% |
Returns By Period
In the year-to-date period, GMUN achieves a -0.23% return, which is significantly lower than RVNU's 1.36% return.
GMUN
- 1D
- 0.24%
- 1M
- -1.90%
- YTD
- -0.23%
- 6M
- 1.15%
- 1Y
- 5.05%
- 3Y*
- 2.59%
- 5Y*
- —
- 10Y*
- —
RVNU
- 1D
- 0.36%
- 1M
- -0.87%
- YTD
- 1.36%
- 6M
- 2.16%
- 1Y
- 2.94%
- 3Y*
- 2.82%
- 5Y*
- -0.24%
- 10Y*
- 1.93%
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GMUN vs. RVNU - Expense Ratio Comparison
Both GMUN and RVNU have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
GMUN vs. RVNU — Risk / Return Rank
GMUN
RVNU
GMUN vs. RVNU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Community Municipal Bond ETF (GMUN) and Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU). 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 | RVNU | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.65 | 0.37 | +1.28 |
Sortino ratioReturn per unit of downside risk | 2.08 | 0.53 | +1.55 |
Omega ratioGain probability vs. loss probability | 1.41 | 1.08 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.65 | +1.26 |
Martin ratioReturn relative to average drawdown | 6.60 | 1.55 | +5.05 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GMUN | RVNU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.65 | 0.37 | +1.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.03 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.26 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.07 | 0.37 | +0.70 |
Correlation
The correlation between GMUN and RVNU is 0.71, 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. RVNU - Dividend Comparison
GMUN's dividend yield for the trailing twelve months is around 3.08%, less than RVNU's 3.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
RVNU Xtrackers Municipal Infrastructure Revenue Bond ETF | 3.53% | 3.46% | 3.06% | 2.79% | 2.81% | 2.18% | 2.43% | 2.75% | 2.76% | 2.49% | 2.72% | 3.01% |
Drawdowns
GMUN vs. RVNU - Drawdown Comparison
The maximum GMUN drawdown since its inception was -4.35%, smaller than the maximum RVNU drawdown of -23.51%. Use the drawdown chart below to compare losses from any high point for GMUN and RVNU.
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Drawdown Indicators
| GMUN | RVNU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.35% | -23.51% | +19.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.83% | -6.12% | +3.29% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.51% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -23.51% | — |
Current DrawdownCurrent decline from peak | -2.19% | -5.01% | +2.82% |
Average DrawdownAverage peak-to-trough decline | -0.98% | -4.99% | +4.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 2.57% | -1.75% |
Volatility
GMUN vs. RVNU - Volatility Comparison
The current volatility for Goldman Sachs Community Municipal Bond ETF (GMUN) is 1.22%, while Xtrackers Municipal Infrastructure Revenue Bond ETF (RVNU) has a volatility of 2.09%. This indicates that GMUN experiences smaller price fluctuations and is considered to be less risky than RVNU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GMUN | RVNU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.22% | 2.09% | -0.87% |
Volatility (6M)Calculated over the trailing 6-month period | 1.62% | 3.50% | -1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.09% | 7.94% | -4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.95% | 7.16% | -4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.95% | 7.30% | -4.35% |