Correlation
The correlation between GSMIX and VWIUX is -0.09. 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.
GSMIX vs. VWIUX
Compare and contrast key facts about Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX).
GSMIX is managed by Goldman Sachs. It was launched on Jul 19, 1993. VWIUX is managed by Vanguard. It was launched on Feb 12, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GSMIX or VWIUX.
Performance
GSMIX vs. VWIUX - Performance Comparison
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Key characteristics
GSMIX:
0.46
VWIUX:
0.68
GSMIX:
0.52
VWIUX:
0.79
GSMIX:
1.09
VWIUX:
1.14
GSMIX:
0.37
VWIUX:
0.59
GSMIX:
1.27
VWIUX:
1.97
GSMIX:
1.43%
VWIUX:
1.28%
GSMIX:
4.84%
VWIUX:
4.31%
GSMIX:
-15.43%
VWIUX:
-11.38%
GSMIX:
-2.61%
VWIUX:
-2.02%
Returns By Period
In the year-to-date period, GSMIX achieves a -1.26% return, which is significantly lower than VWIUX's -0.55% return. Over the past 10 years, GSMIX has outperformed VWIUX with an annualized return of 2.37%, while VWIUX has yielded a comparatively lower 2.23% annualized return.
GSMIX
-1.26%
-0.33%
-2.26%
2.22%
2.09%
1.71%
2.37%
VWIUX
-0.55%
-0.15%
-1.52%
2.91%
2.21%
0.96%
2.23%
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GSMIX vs. VWIUX - Expense Ratio Comparison
GSMIX has a 0.73% expense ratio, which is higher than VWIUX's 0.09% expense ratio.
Risk-Adjusted Performance
GSMIX vs. VWIUX — Risk-Adjusted Performance Rank
GSMIX
VWIUX
GSMIX vs. VWIUX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Dynamic Municipal Income Fund (GSMIX) and Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX). 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. VWIUX - Dividend Comparison
GSMIX's dividend yield for the trailing twelve months is around 3.41%, more than VWIUX's 3.22% 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% |
VWIUX Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares | 3.22% | 3.10% | 2.79% | 2.50% | 2.28% | 2.40% | 2.68% | 2.89% | 2.83% | 2.92% | 2.97% | 3.13% |
Drawdowns
GSMIX vs. VWIUX - Drawdown Comparison
The maximum GSMIX drawdown since its inception was -15.43%, which is greater than VWIUX's maximum drawdown of -11.38%. Use the drawdown chart below to compare losses from any high point for GSMIX and VWIUX.
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Volatility
GSMIX vs. VWIUX - Volatility Comparison
Goldman Sachs Dynamic Municipal Income Fund (GSMIX) has a higher volatility of 0.59% compared to Vanguard Intermediate-Term Tax-Exempt Fund Admiral Shares (VWIUX) at 0.51%. This indicates that GSMIX's price experiences larger fluctuations and is considered to be riskier than VWIUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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