Correlation
The correlation between GSMIX and VTEB is 0.05, 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.
GSMIX vs. VTEB
Compare and contrast key facts about Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Vanguard Tax-Exempt Bond ETF (VTEB).
GSMIX is managed by Goldman Sachs. It was launched on Jul 19, 1993. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSMIX or VTEB.
Performance
GSMIX vs. VTEB - Performance Comparison
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Key characteristics
GSMIX:
0.46
VTEB:
0.32
GSMIX:
0.52
VTEB:
0.39
GSMIX:
1.09
VTEB:
1.06
GSMIX:
0.37
VTEB:
0.28
GSMIX:
1.27
VTEB:
0.80
GSMIX:
1.43%
VTEB:
1.66%
GSMIX:
4.84%
VTEB:
4.76%
GSMIX:
-15.43%
VTEB:
-17.00%
GSMIX:
-2.61%
VTEB:
-3.16%
Returns By Period
In the year-to-date period, GSMIX achieves a -1.26% return, which is significantly higher than VTEB's -1.59% return.
GSMIX
-1.26%
-0.33%
-2.26%
2.22%
2.09%
1.71%
2.37%
VTEB
-1.59%
-0.54%
-2.85%
1.53%
1.51%
0.45%
N/A
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GSMIX vs. VTEB - Expense Ratio Comparison
GSMIX has a 0.73% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
GSMIX vs. VTEB — Risk-Adjusted Performance Rank
GSMIX
VTEB
GSMIX vs. VTEB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.
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Dividends
GSMIX vs. VTEB - Dividend Comparison
GSMIX's dividend yield for the trailing twelve months is around 3.41%, more than VTEB's 3.27% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GSMIX Goldman Sachs Dynamic Municipal Income Fund | 3.41% | 3.30% | 3.08% | 2.49% | 1.91% | 2.09% | 1.36% | 2.79% | 3.00% | 3.36% | 3.43% | 3.54% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.27% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% |
Drawdowns
GSMIX vs. VTEB - Drawdown Comparison
The maximum GSMIX drawdown since its inception was -15.43%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for GSMIX and VTEB.
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Volatility
GSMIX vs. VTEB - Volatility Comparison
The current volatility for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) is 0.59%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.05%. This indicates that GSMIX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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