GUMI vs. BSMP
GUMI (Goldman Sachs Ultra Short Municipal Income ETF) and BSMP (Invesco BulletShares 2025 Municipal Bond ETF) are both Municipal Bonds funds. GUMI is actively managed, while BSMP is passively managed. At a 0.03 correlation, their price movements are largely independent. GUMI charges 0.16%/yr vs 0.18%/yr for BSMP.
Performance
GUMI vs. BSMP - Performance Comparison
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Returns By Period
GUMI
- 1D
- -0.04%
- 1M
- 0.23%
- YTD
- 1.06%
- 6M
- 1.20%
- 1Y
- 3.18%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMP
- 1D
- —
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUMI vs. BSMP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 1.06% | 3.39% | 1.52% |
BSMP Invesco BulletShares 2025 Municipal Bond ETF | 0.00% | 2.27% | 1.13% |
Correlation
The correlation between GUMI and BSMP is -0.05, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 26, 2024 | 0.03 |
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Return for Risk
GUMI vs. BSMP — Risk / Return Rank
GUMI
BSMP
GUMI vs. BSMP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Ultra Short Municipal Income ETF (GUMI) and Invesco BulletShares 2025 Municipal Bond ETF (BSMP). 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.
| GUMI | BSMP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.64 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 8.93 | — | — |
| Martin ratioReturn relative to average drawdown | 37.83 | — | — |
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
| GUMI | BSMP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.29 | — | — |
Drawdowns
GUMI vs. BSMP - Drawdown Comparison
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Drawdown Indicators
| GUMI | BSMP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.48% | — | — |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | — | — |
Current DrawdownCurrent decline from peak | -0.04% | — | — |
Average DrawdownAverage peak-to-trough decline | -0.05% | — | — |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | — | — |
Volatility
GUMI vs. BSMP - Volatility Comparison
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Volatility by Period
| GUMI | BSMP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.25% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.55% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.09% | — | — |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.99% | — | — |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.99% | — | — |
GUMI vs. BSMP - Expense Ratio Comparison
GUMI has a 0.16% expense ratio, which is lower than BSMP's 0.18% 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%.
Dividends
GUMI vs. BSMP - Dividend Comparison
GUMI's dividend yield for the trailing twelve months is around 2.77%, more than BSMP's 1.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSMP Invesco BulletShares 2025 Municipal Bond ETF | 1.27% | 2.35% | 2.53% | 2.20% | 1.23% | 0.72% | 1.32% | 0.35% |
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 2.77% | 2.95% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GUMI and BSMP have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GUMI is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GUMI is cheaper with a 0.16% expense ratio, compared with 0.18% for BSMP.
GUMI has the higher dividend yield at 2.77%, compared with 1.27% for BSMP.
They also come from different issuers: Goldman Sachs and Invesco. Their fees differ too: 0.16% for GUMI and 0.18% for BSMP.
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