JMSI vs. GUMI
Compare and contrast key facts about J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) and Goldman Sachs Ultra Short Municipal Income ETF (GUMI).
JMSI and GUMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. JMSI is an actively managed fund by JPMorgan. It was launched on Feb 9, 1993. GUMI is an actively managed fund by Goldman Sachs. It was launched on Jul 23, 2024.
Performance
JMSI vs. GUMI - Performance Comparison
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JMSI vs. GUMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
JMSI J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund | -0.17% | 4.40% | 0.90% |
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 0.67% | 3.39% | 1.52% |
Returns By Period
In the year-to-date period, JMSI achieves a -0.17% return, which is significantly lower than GUMI's 0.67% return.
JMSI
- 1D
- 0.51%
- 1M
- -1.69%
- YTD
- -0.17%
- 6M
- 1.28%
- 1Y
- 3.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GUMI
- 1D
- -0.04%
- 1M
- 0.08%
- YTD
- 0.67%
- 6M
- 1.49%
- 1Y
- 3.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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JMSI vs. GUMI - Expense Ratio Comparison
JMSI has a 0.18% 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
JMSI vs. GUMI — Risk / Return Rank
JMSI
GUMI
JMSI vs. GUMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) 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.
| JMSI | GUMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.97 | 2.82 | -1.86 |
Sortino ratioReturn per unit of downside risk | 1.27 | 4.39 | -3.12 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.62 | -0.41 |
Calmar ratioReturn relative to maximum drawdown | 1.40 | 6.88 | -5.49 |
Martin ratioReturn relative to average drawdown | 4.45 | 29.42 | -24.97 |
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
| JMSI | GUMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.97 | 2.82 | -1.86 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 3.32 | -2.37 |
Correlation
The correlation between JMSI and GUMI is 0.29, 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
JMSI vs. GUMI - Dividend Comparison
JMSI's dividend yield for the trailing twelve months is around 3.69%, more than GUMI's 2.81% yield.
| TTM | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
JMSI J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund | 3.69% | 3.65% | 3.66% | 1.79% |
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 2.81% | 2.95% | 1.37% | 0.00% |
Drawdowns
JMSI vs. GUMI - Drawdown Comparison
The maximum JMSI drawdown since its inception was -4.57%, which is greater than GUMI's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for JMSI and GUMI.
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Drawdown Indicators
| JMSI | GUMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.57% | -0.48% | -4.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.98% | -0.48% | -2.50% |
Current DrawdownCurrent decline from peak | -2.08% | -0.04% | -2.04% |
Average DrawdownAverage peak-to-trough decline | -0.88% | -0.05% | -0.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.94% | 0.11% | +0.83% |
Volatility
JMSI vs. GUMI - Volatility Comparison
J P Morgan Exchange-Traded Fund Trust - Sustainable Municipal Income Etf Fund (JMSI) has a higher volatility of 1.49% compared to Goldman Sachs Ultra Short Municipal Income ETF (GUMI) at 0.18%. This indicates that JMSI'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
| JMSI | GUMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.49% | 0.18% | +1.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.06% | 0.75% | +1.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.02% | 1.15% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.78% | 1.01% | +2.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.78% | 1.01% | +2.77% |