TFI vs. GUMI
Compare and contrast key facts about SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) and Goldman Sachs Ultra Short Municipal Income ETF (GUMI).
TFI and GUMI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TFI is a passively managed fund by State Street that tracks the performance of the Bloomberg US Municipal Managed Money (1-25 Y). It was launched on Sep 11, 2007. GUMI is an actively managed fund by Goldman Sachs. It was launched on Jul 23, 2024.
Performance
TFI vs. GUMI - Performance Comparison
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TFI vs. GUMI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF | -0.03% | 3.62% | 0.62% |
GUMI Goldman Sachs Ultra Short Municipal Income ETF | 0.67% | 3.39% | 1.52% |
Returns By Period
In the year-to-date period, TFI achieves a -0.03% return, which is significantly lower than GUMI's 0.67% return.
TFI
- 1D
- 0.21%
- 1M
- -1.62%
- YTD
- -0.03%
- 6M
- 1.37%
- 1Y
- 3.90%
- 3Y*
- 2.02%
- 5Y*
- -0.07%
- 10Y*
- 1.53%
GUMI
- 1D
- -0.04%
- 1M
- 0.08%
- YTD
- 0.67%
- 6M
- 1.49%
- 1Y
- 3.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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TFI vs. GUMI - Expense Ratio Comparison
TFI has a 0.23% 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
TFI vs. GUMI — Risk / Return Rank
TFI
GUMI
TFI vs. GUMI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) 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.
| TFI | GUMI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 2.82 | -1.87 |
Sortino ratioReturn per unit of downside risk | 1.19 | 4.39 | -3.20 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.62 | -0.40 |
Calmar ratioReturn relative to maximum drawdown | 1.11 | 6.88 | -5.78 |
Martin ratioReturn relative to average drawdown | 3.52 | 29.42 | -25.91 |
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
| TFI | GUMI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.82 | -1.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.02 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 3.32 | -2.81 |
Correlation
The correlation between TFI and GUMI is 0.36, 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
TFI vs. GUMI - Dividend Comparison
TFI's dividend yield for the trailing twelve months is around 3.45%, more than GUMI's 2.81% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TFI SPDR Nuveen Bloomberg Barclays Municipal Bond ETF | 3.45% | 3.32% | 3.01% | 2.41% | 1.87% | 1.71% | 1.91% | 2.14% | 2.26% | 2.16% | 2.39% | 2.40% |
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
TFI vs. GUMI - Drawdown Comparison
The maximum TFI drawdown since its inception was -15.49%, which is greater than GUMI's maximum drawdown of -0.48%. Use the drawdown chart below to compare losses from any high point for TFI and GUMI.
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Drawdown Indicators
| TFI | GUMI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.49% | -0.48% | -15.01% |
Max Drawdown (1Y)Largest decline over 1 year | -3.90% | -0.48% | -3.42% |
Max Drawdown (5Y)Largest decline over 5 years | -15.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.49% | — | — |
Current DrawdownCurrent decline from peak | -2.40% | -0.04% | -2.36% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -0.05% | -2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | 0.11% | +1.12% |
Volatility
TFI vs. GUMI - Volatility Comparison
SPDR Nuveen Bloomberg Barclays Municipal Bond ETF (TFI) has a higher volatility of 1.45% compared to Goldman Sachs Ultra Short Municipal Income ETF (GUMI) at 0.18%. This indicates that TFI'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
| TFI | GUMI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.45% | 0.18% | +1.27% |
Volatility (6M)Calculated over the trailing 6-month period | 2.00% | 0.75% | +1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.12% | 1.15% | +2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.29% | 1.01% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.99% | 1.01% | +3.98% |