DAX vs GMUB
Comparison between GLOBAL X DAX GERMANY ETF (DAX, ETF) and GOLDMAN SACHS MUNICIPAL INCOME ETF (GMUB, ETF).
DAX vs GMUB - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
DAX
$262M
Winner
GMUB
$263M
Expense Ratio
DAX
0.20%
Winner
GMUB
0.18%
Max Drawdown
DAX
48.57%
Winner
GMUB
4.43%
Sharpe Ratio
DAX
-0.03
Winner
GMUB
1.25
5Y Beta
DAX
0.77
Winner
GMUB
0.01
5Y Dividends CAGR
DAX
1.84%
GMUB
N/A
DAX vs GMUB - Historical Returns
Returns include dividend reinvestment.
1M
DAX
-1.15%
Winner
GMUB
+0.47%
3M
Winner
DAX
+2.02%
GMUB
+0.23%
6M
DAX
+0.72%
Winner
GMUB
+2.10%
1Y
DAX
+1.43%
Winner
GMUB
+7.07%
5Y(CAGR)
DAX
+7.43%
GMUB
N/A
10Y(CAGR)
DAX
+8.73%
GMUB
N/A
Max(CAGR)
Winner
DAX
+7.32%
GMUB
+4.61%
DAX vs GMUB - Annual Returns (2014 - 2026)
Returns include dividend reinvestment.
| Year | DAX | GMUB |
|---|---|---|
| 2026 | -2.31% | +1.48% |
| 2025 | +39.76% | +5.81% |
| 2024 | +11.66% | +1.08% |
| 2023 | +22.59% | N/A |
| 2022 | -18.78% | N/A |
| 2021 | +7.01% | N/A |
| 2020 | +10.69% | N/A |
| 2019 | +22.46% | N/A |
| 2018 | -22.62% | N/A |
| 2017 | +28.23% | N/A |
| 2016 | +6.53% | N/A |
| 2015 | -3.62% | N/A |
| 2014 | +3.62% | N/A |
DAX vs GMUB Drawdown Comparison
The maximum drawdown for DAX was -45.59%, occurring on Mar 18, 2020. Recovery took 737 trading sessions.
The maximum drawdown for GMUB was -3.28%, occurring on Apr 11, 2025. Recovery took 105 trading sessions.
The current DAX drawdown is -5.87%. The current GMUB drawdown is -0.50%.
| Rank | DAX | GMUB |
|---|---|---|
| #1 | -45.59% Jan 24, 2018 - Dec 28, 2020 | -3.28% Mar 3, 2025 - Aug 1, 2025 |
| #2 | -39.93% Jun 7, 2021 - Mar 7, 2024 | -2.29% Feb 27, 2026 - Mar 27, 2026 |
| #3 | -24.76% Apr 6, 2015 - Apr 24, 2017 | -1.92% Dec 4, 2024 - Feb 25, 2025 |
| #4 | -16.03% Mar 18, 2025 - Apr 29, 2025 | -1.66% Oct 3, 2024 - Nov 29, 2024 |
| #5 | -14.82% Jan 27, 2026 - Mar 27, 2026 | -0.67% Aug 5, 2024 - Sep 6, 2024 |
| #6 | -9.10% Dec 1, 2014 - Feb 3, 2015 | -0.45% Nov 24, 2025 - Dec 22, 2025 |
| #7 | -8.58% Jul 9, 2025 - Jan 5, 2026 | -0.44% Aug 13, 2025 - Aug 29, 2025 |
| #8 | -8.10% May 15, 2024 - Aug 23, 2024 | -0.41% Jan 14, 2026 - Jan 30, 2026 |
| #9 | -7.43% Sep 27, 2024 - Jan 21, 2025 | -0.36% Sep 19, 2025 - Oct 8, 2025 |
| #10 | -6.23% Mar 27, 2024 - May 9, 2024 | -0.35% Aug 29, 2025 - Sep 4, 2025 |
| #11 | -5.67% Jan 8, 2021 - Mar 10, 2021 | -0.34% Oct 27, 2025 - Nov 10, 2025 |
| #12 | -4.04% Feb 3, 2015 - Feb 20, 2015 | -0.24% Nov 11, 2025 - Nov 24, 2025 |
| #13 | -3.67% Apr 16, 2021 - May 7, 2021 | -0.23% Jan 9, 2026 - Jan 14, 2026 |
| #14 | -3.63% Mar 2, 2015 - Mar 16, 2015 | -0.20% Feb 26, 2025 - Feb 28, 2025 |
| #15 | -3.62% Jun 5, 2025 - Jun 26, 2025 | -0.18% Jan 2, 2026 - Jan 7, 2026 |
Correlation
Correlation between DAX and GMUB is 0.77 which considered as a strong positive correlation - the stocks tend to move together.
0.77
-101
Dividend Comparison (2015 - 2026)
DAX vs GMUB dividend yield comparison.
| Year | DAX | GMUB |
|---|---|---|
| 2026 | 0.00% | 1.40% |
| 2025 | 1.47% | 3.14% |
| 2024 | 2.24% | 1.46% |
| 2023 | 2.48% | 0.00% |
| 2022 | 2.80% | 0.00% |
| 2021 | 2.65% | 0.00% |
| 2020 | 2.25% | 0.00% |
| 2019 | 2.47% | 0.00% |
| 2018 | 3.33% | 0.00% |
| 2017 | 1.73% | 0.00% |
| 2016 | 1.78% | 0.00% |
| 2015 | 1.41% | 0.00% |
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