GSEW vs. GMUN
Compare and contrast key facts about Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) and Goldman Sachs Community Municipal Bond ETF (GMUN).
GSEW and GMUN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. 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. Both GSEW and GMUN 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
GSEW vs. GMUN - Performance Comparison
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GSEW vs. GMUN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF | 0.15% | 11.97% | 16.89% | 15.35% |
GMUN Goldman Sachs Community Municipal Bond ETF | -0.23% | 5.92% | 0.31% | 3.68% |
Returns By Period
In the year-to-date period, GSEW achieves a 0.15% return, which is significantly higher than GMUN's -0.23% return.
GSEW
- 1D
- 0.38%
- 1M
- -5.12%
- YTD
- 0.15%
- 6M
- 0.69%
- 1Y
- 13.18%
- 3Y*
- 14.03%
- 5Y*
- 7.88%
- 10Y*
- —
GMUN
- 1D
- 0.24%
- 1M
- -1.90%
- YTD
- -0.23%
- 6M
- 1.15%
- 1Y
- 5.05%
- 3Y*
- 2.59%
- 5Y*
- —
- 10Y*
- —
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GSEW vs. GMUN - Expense Ratio Comparison
GSEW has a 0.09% expense ratio, which is lower than GMUN's 0.15% expense ratio. Despite the difference, 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
GSEW vs. GMUN — Risk / Return Rank
GSEW
GMUN
GSEW vs. GMUN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) and Goldman Sachs Community Municipal Bond ETF (GMUN). 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.
| GSEW | GMUN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.75 | 1.65 | -0.90 |
Sortino ratioReturn per unit of downside risk | 1.16 | 2.08 | -0.92 |
Omega ratioGain probability vs. loss probability | 1.17 | 1.41 | -0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.06 | 1.91 | -0.85 |
Martin ratioReturn relative to average drawdown | 4.86 | 6.60 | -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. | |||
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Sharpe Ratios by Period
| GSEW | GMUN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 1.65 | -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 | 0.56 | 1.07 | -0.51 |
Correlation
The correlation between GSEW and GMUN 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
GSEW vs. GMUN - Dividend Comparison
GSEW's dividend yield for the trailing twelve months is around 1.55%, less than GMUN's 3.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Drawdowns
GSEW vs. GMUN - Drawdown Comparison
The maximum GSEW drawdown since its inception was -38.65%, which is greater than GMUN's maximum drawdown of -4.35%. Use the drawdown chart below to compare losses from any high point for GSEW and GMUN.
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Drawdown Indicators
| GSEW | GMUN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.65% | -4.35% | -34.30% |
Max Drawdown (1Y)Largest decline over 1 year | -12.71% | -2.83% | -9.88% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | — | — |
Current DrawdownCurrent decline from peak | -5.14% | -2.19% | -2.95% |
Average DrawdownAverage peak-to-trough decline | -5.99% | -0.98% | -5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.78% | 0.82% | +1.96% |
Volatility
GSEW vs. GMUN - Volatility Comparison
Goldman Sachs Equal Weight U.S. Large Cap Equity ETF (GSEW) has a higher volatility of 4.87% compared to Goldman Sachs Community Municipal Bond ETF (GMUN) at 1.22%. This indicates that GSEW's price experiences larger fluctuations and is considered to be riskier than GMUN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GSEW | GMUN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.87% | 1.22% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.59% | 1.62% | +7.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 3.09% | +14.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 2.95% | +13.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.32% | 2.95% | +16.37% |