GSMIX vs. QQQ
Compare and contrast key facts about Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Invesco QQQ ETF (QQQ).
GSMIX is managed by Goldman Sachs. It was launched on Jul 19, 1993. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Performance
GSMIX vs. QQQ - Performance Comparison
Loading graphics...
GSMIX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GSMIX Goldman Sachs Dynamic Municipal Income Fund | -0.49% | 4.12% | 3.03% | 6.41% | -9.77% | 2.80% | 3.57% | 7.49% | 2.83% | 5.55% |
QQQ Invesco QQQ ETF | -5.93% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, GSMIX achieves a -0.49% return, which is significantly higher than QQQ's -5.93% return. Over the past 10 years, GSMIX has underperformed QQQ with an annualized return of 2.42%, while QQQ has yielded a comparatively higher 18.85% annualized return.
GSMIX
- 1D
- 0.07%
- 1M
- -2.39%
- YTD
- -0.49%
- 6M
- 0.78%
- 1Y
- 3.18%
- 3Y*
- 3.53%
- 5Y*
- 0.95%
- 10Y*
- 2.42%
QQQ
- 1D
- 3.39%
- 1M
- -4.84%
- YTD
- -5.93%
- 6M
- -3.62%
- 1Y
- 23.68%
- 3Y*
- 22.32%
- 5Y*
- 12.88%
- 10Y*
- 18.85%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GSMIX vs. QQQ - Expense Ratio Comparison
GSMIX has a 0.73% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
GSMIX vs. QQQ — Risk / Return Rank
GSMIX
QQQ
GSMIX vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Invesco QQQ ETF (QQQ). 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.
| GSMIX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 1.05 | -0.13 |
Sortino ratioReturn per unit of downside risk | 1.26 | 1.63 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.26 | 1.23 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 0.88 | 1.88 | -0.99 |
Martin ratioReturn relative to average drawdown | 3.14 | 6.95 | -3.81 |
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
| GSMIX | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.05 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.58 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.62 | 0.85 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.37 | +0.57 |
Correlation
The correlation between GSMIX and QQQ is -0.05. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
GSMIX vs. QQQ - Dividend Comparison
GSMIX's dividend yield for the trailing twelve months is around 3.52%, more than QQQ's 0.49% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSMIX Goldman Sachs Dynamic Municipal Income Fund | 3.52% | 4.32% | 3.31% | 2.82% | 1.86% | 1.92% | 2.11% | 2.57% | 2.79% | 2.99% | 3.35% | 3.43% |
QQQ Invesco QQQ ETF | 0.49% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
GSMIX vs. QQQ - Drawdown Comparison
The maximum GSMIX drawdown since its inception was -15.43%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for GSMIX and QQQ.
Loading graphics...
Drawdown Indicators
| GSMIX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.43% | -82.97% | +67.54% |
Max Drawdown (1Y)Largest decline over 1 year | -4.44% | -12.62% | +8.18% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | -35.12% | +20.79% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | -35.12% | +20.79% |
Current DrawdownCurrent decline from peak | -2.39% | -8.98% | +6.59% |
Average DrawdownAverage peak-to-trough decline | -2.41% | -32.99% | +30.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.25% | 3.41% | -2.16% |
Volatility
GSMIX vs. QQQ - Volatility Comparison
The current volatility for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) is 0.88%, while Invesco QQQ ETF (QQQ) has a volatility of 6.51%. This indicates that GSMIX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GSMIX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 6.51% | -5.63% |
Volatility (6M)Calculated over the trailing 6-month period | 1.46% | 12.77% | -11.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.48% | 22.67% | -18.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.64% | 22.39% | -18.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.90% | 22.25% | -18.35% |