GUMI vs. BSMT
Compare and contrast key facts about Goldman Sachs Ultra Short Municipal Income ETF (GUMI) and Invesco BulletShares 2029 Municipal Bond ETF (BSMT).
GUMI and BSMT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GUMI is an actively managed fund by Goldman Sachs. It was launched on Jul 23, 2024. BSMT is a passively managed fund by Invesco that tracks the performance of the Invesco BulletShares Municipal Bond 2029 Index. It was launched on Sep 25, 2019.
Performance
GUMI vs. BSMT - Performance Comparison
Loading graphics...
GUMI vs. BSMT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 0.67% | 3.39% | 1.52% |
BSMT Invesco BulletShares 2029 Municipal Bond ETF | 0.27% | 3.79% | 0.73% |
Returns By Period
In the year-to-date period, GUMI achieves a 0.67% return, which is significantly higher than BSMT's 0.27% return.
GUMI
- 1D
- -0.04%
- 1M
- 0.08%
- YTD
- 0.67%
- 6M
- 1.49%
- 1Y
- 3.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
BSMT
- 1D
- 0.16%
- 1M
- -0.93%
- YTD
- 0.27%
- 6M
- 1.17%
- 1Y
- 3.76%
- 3Y*
- 2.31%
- 5Y*
- 0.10%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GUMI vs. BSMT - Expense Ratio Comparison
GUMI has a 0.16% expense ratio, which is lower than BSMT'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%.
Return for Risk
GUMI vs. BSMT — Risk / Return Rank
GUMI
BSMT
GUMI vs. BSMT - 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 2029 Municipal Bond ETF (BSMT). 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 | BSMT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.82 | 1.14 | +1.68 |
Sortino ratioReturn per unit of downside risk | 4.39 | 1.44 | +2.94 |
Omega ratioGain probability vs. loss probability | 1.62 | 1.30 | +0.32 |
Calmar ratioReturn relative to maximum drawdown | 6.88 | 1.38 | +5.50 |
Martin ratioReturn relative to average drawdown | 29.42 | 5.70 | +23.72 |
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
| GUMI | BSMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 1.14 | +1.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 3.32 | 0.14 | +3.18 |
Correlation
The correlation between GUMI and BSMT is 0.31, 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
GUMI vs. BSMT - Dividend Comparison
GUMI's dividend yield for the trailing twelve months is around 2.81%, more than BSMT's 2.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 2.81% | 2.95% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
BSMT Invesco BulletShares 2029 Municipal Bond ETF | 2.76% | 2.78% | 2.80% | 2.62% | 1.65% | 1.31% | 1.82% | 0.48% |
Drawdowns
GUMI vs. BSMT - Drawdown Comparison
The maximum GUMI drawdown since its inception was -0.48%, smaller than the maximum BSMT drawdown of -16.20%. Use the drawdown chart below to compare losses from any high point for GUMI and BSMT.
Loading graphics...
Drawdown Indicators
| GUMI | BSMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.48% | -16.20% | +15.72% |
Max Drawdown (1Y)Largest decline over 1 year | -0.48% | -3.08% | +2.60% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.20% | — |
Current DrawdownCurrent decline from peak | -0.04% | -2.73% | +2.69% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -5.73% | +5.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.11% | 0.75% | -0.64% |
Volatility
GUMI vs. BSMT - Volatility Comparison
The current volatility for Goldman Sachs Ultra Short Municipal Income ETF (GUMI) is 0.18%, while Invesco BulletShares 2029 Municipal Bond ETF (BSMT) has a volatility of 0.69%. This indicates that GUMI experiences smaller price fluctuations and is considered to be less risky than BSMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| GUMI | BSMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.18% | 0.69% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 0.75% | 1.20% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.15% | 3.33% | -2.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.01% | 4.25% | -3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.01% | 6.50% | -5.49% |