GUMI vs. RJMI
GUMI (Goldman Sachs Ultra Short Municipal Income ETF) and RJMI (RJ Eagle Municipal Income ETF) are both Municipal Bonds funds. Both are actively managed. At a 0.29 correlation, their price movements are largely independent. GUMI charges 0.16%/yr vs 0.41%/yr for RJMI.
Performance
GUMI vs. RJMI - Performance Comparison
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Returns By Period
In the year-to-date period, GUMI achieves a 1.26% return, which is significantly lower than RJMI's 1.76% return.
GUMI
- 1D
- -0.01%
- 1M
- 0.29%
- YTD
- 1.26%
- 6M
- 1.42%
- 1Y
- 3.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
RJMI
- 1D
- -0.13%
- 1M
- 1.45%
- YTD
- 1.76%
- 6M
- 1.91%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUMI vs. RJMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 1.26% | 0.81% |
RJMI RJ Eagle Municipal Income ETF | 1.76% | 2.68% |
Correlation
The correlation between GUMI and RJMI is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 2, 2025 | 0.29 |
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Return for Risk
GUMI vs. RJMI — Risk / Return Rank
GUMI
RJMI
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GUMI vs. RJMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goldman Sachs Ultra Short Municipal Income ETF (GUMI) and RJ Eagle Municipal Income ETF (RJMI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GUMI | RJMI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.65 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 8.85 | — | — |
| Martin ratioReturn relative to average drawdown | 38.29 | — | — |
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Drawdowns
GUMI vs. RJMI - Drawdown Comparison
The maximum GUMI drawdown since its inception was -0.48%, smaller than the maximum RJMI drawdown of -3.04%. Use the drawdown chart below to compare losses from any high point for GUMI and RJMI.
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Drawdown Indicators
| GUMI | RJMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -0.48% | -3.04% | +2.56% |
Max Drawdown (1Y)Largest decline over 1 year | -0.36% | — | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.48% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -0.05% | -0.65% | +0.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.08% | — | — |
Volatility
GUMI vs. RJMI - Volatility Comparison
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Volatility by Period
| GUMI | RJMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.20% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 0.51% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 1.07% | 3.04% | -1.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.98% | 3.04% | -2.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.98% | 3.04% | -2.06% |
GUMI vs. RJMI - Expense Ratio Comparison
GUMI has a 0.16% expense ratio, which is lower than RJMI's 0.41% expense ratio.
Dividends
GUMI vs. RJMI - Dividend Comparison
GUMI's dividend yield for the trailing twelve months is around 2.77%, more than RJMI's 1.95% yield.
| Position | TTM | 2025 | 2024 |
|---|---|---|---|
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 2.77% | 2.95% | 1.37% |
RJMI RJ Eagle Municipal Income ETF | 1.95% | 0.61% | 0.00% |
Frequently Asked Questions
GUMI and RJMI have a correlation of 0.29, 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 0.41% for RJMI.
GUMI has the higher dividend yield at 2.77%, compared with 1.95% for RJMI.
They also come from different issuers: Goldman Sachs and Carillon Tower Advisers. Their fees differ too: 0.16% for GUMI and 0.41% for RJMI.
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