ITM vs. GUMI
Compare and contrast key facts about VanEck Intermediate Muni ETF (ITM) and Goldman Sachs Ultra Short Municipal Income ETF (GUMI).
ITM and GUMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ITM is a passively managed fund by VanEck that tracks the performance of the Bloomberg AMT-Free Intermediate Continuous. It was launched on Dec 4, 2007. GUMI is an actively managed fund by Goldman Sachs. It was launched on Jul 23, 2024.
Performance
ITM vs. GUMI - Performance Comparison
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ITM vs. GUMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ITM VanEck Intermediate Muni ETF | -0.78% | 5.34% | 1.32% |
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 0.67% | 3.39% | 1.52% |
Returns By Period
In the year-to-date period, ITM achieves a -0.78% return, which is significantly lower than GUMI's 0.67% return.
ITM
- 1D
- 0.31%
- 1M
- -2.46%
- YTD
- -0.78%
- 6M
- 1.21%
- 1Y
- 5.00%
- 3Y*
- 2.85%
- 5Y*
- 0.46%
- 10Y*
- 1.95%
GUMI
- 1D
- -0.04%
- 1M
- 0.08%
- YTD
- 0.67%
- 6M
- 1.49%
- 1Y
- 3.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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ITM vs. GUMI - Expense Ratio Comparison
ITM has a 0.24% expense ratio, which is higher than GUMI's 0.16% expense ratio. However, 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
ITM vs. GUMI — Risk / Return Rank
ITM
GUMI
ITM vs. GUMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Intermediate Muni ETF (ITM) and Goldman Sachs Ultra Short Municipal Income ETF (GUMI). 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.
| ITM | GUMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.20 | 2.82 | -1.63 |
Sortino ratioReturn per unit of downside risk | 1.49 | 4.39 | -2.90 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.62 | -0.34 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 6.88 | -5.31 |
Martin ratioReturn relative to average drawdown | 5.30 | 29.42 | -24.12 |
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
| ITM | GUMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.20 | 2.82 | -1.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.28 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 3.32 | -2.89 |
Correlation
The correlation between ITM and GUMI is 0.34, 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
ITM vs. GUMI - Dividend Comparison
ITM's dividend yield for the trailing twelve months is around 2.95%, more than GUMI's 2.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITM VanEck Intermediate Muni ETF | 2.95% | 2.86% | 2.73% | 2.40% | 1.92% | 1.70% | 2.13% | 2.44% | 2.33% | 2.21% | 2.29% | 2.28% |
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 2.81% | 2.95% | 1.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
ITM vs. GUMI - Drawdown Comparison
The maximum ITM drawdown since its inception was -24.75%, which is greater than GUMI's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for ITM and GUMI.
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Drawdown Indicators
| ITM | GUMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.75% | -0.48% | -24.27% |
Max Drawdown (1Y)Largest decline over 1 year | -3.43% | -0.48% | -2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -15.11% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -24.75% | — | — |
Current DrawdownCurrent decline from peak | -2.69% | -0.04% | -2.65% |
Average DrawdownAverage peak-to-trough decline | -2.99% | -0.05% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 0.11% | +0.91% |
Volatility
ITM vs. GUMI - Volatility Comparison
VanEck Intermediate Muni ETF (ITM) has a higher volatility of 1.34% compared to Goldman Sachs Ultra Short Municipal Income ETF (GUMI) at 0.18%. This indicates that ITM's price experiences larger fluctuations and is considered to be riskier than GUMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ITM | GUMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.34% | 0.18% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 2.01% | 0.75% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.21% | 1.15% | +3.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.28% | 1.01% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.09% | 1.01% | +6.08% |