FMNY vs GUMI
Comparison between FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF (FMNY, ETF) and GOLDMAN SACHS ULTRA SHORT MUNICIPAL INCOME ETF (GUMI, ETF).
FMNY vs GUMI - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
FMNY
$39M
Winner
GUMI
$39M
Expense Ratio
FMNY
0.49%
Winner
GUMI
0.16%
Max Drawdown
FMNY
18.26%
Winner
GUMI
0.63%
Sharpe Ratio
Winner
FMNY
1.08
GUMI
-0.61
5Y Beta
FMNY
0.03
Winner
GUMI
-0.00
5Y Dividends CAGR
FMNY
78.03%
GUMI
N/A
FMNY vs GUMI - Historical Returns
Returns include dividend reinvestment.
1M
FMNY
-0.38%
Winner
GUMI
+0.34%
3M
FMNY
+0.24%
Winner
GUMI
+0.82%
6M
FMNY
+1.26%
Winner
GUMI
+1.31%
1Y
Winner
FMNY
+7.38%
GUMI
+2.95%
5Y(CAGR)
FMNY
+0.34%
GUMI
N/A
Max(CAGR)
FMNY
+0.69%
Winner
GUMI
+3.29%
FMNY vs GUMI - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | FMNY | GUMI |
|---|---|---|
| 2026 | +1.69% | +1.59% |
| 2025 | +3.79% | +3.37% |
| 2024 | +1.79% | +1.52% |
| 2023 | +6.08% | N/A |
| 2022 | -10.52% | N/A |
| 2021 | +1.60% | N/A |
FMNY vs GUMI Drawdown Comparison
The maximum drawdown for FMNY was -15.90%, occurring on Oct 26, 2022. Recovery took 1090 trading sessions.
The maximum drawdown for GUMI was -0.48%, occurring on Apr 11, 2025. Recovery took 23 trading sessions.
The current FMNY drawdown is -0.95%.
| Rank | FMNY | GUMI |
|---|---|---|
| #1 | -15.90% Jul 19, 2021 - Nov 18, 2025 | -0.48% Apr 7, 2025 - May 9, 2025 |
| #2 | -2.83% Feb 27, 2026 - Jun 30, 2026 | -0.36% Nov 18, 2025 - Dec 1, 2025 |
| #3 | -0.95% Jun 30, 2026 - Jul 21, 2026 | -0.27% Sep 29, 2025 - Oct 7, 2025 |
| #4 | -0.66% Jun 15, 2021 - Jul 8, 2021 | -0.25% Oct 7, 2025 - Nov 10, 2025 |
| #5 | -0.57% Nov 18, 2025 - Jan 5, 2026 | -0.22% Sep 12, 2025 - Sep 29, 2025 |
| #6 | -0.55% Jan 14, 2026 - Feb 3, 2026 | -0.18% Jul 21, 2025 - Aug 1, 2025 |
| #7 | -0.17% Feb 10, 2026 - Feb 17, 2026 | -0.16% Oct 11, 2024 - Nov 4, 2024 |
| #8 | -0.15% May 14, 2021 - May 20, 2021 | -0.16% Jun 12, 2025 - Jun 26, 2025 |
| #9 | -0.15% Jan 7, 2026 - Jan 14, 2026 | -0.15% Aug 14, 2025 - Aug 19, 2025 |
| #10 | -0.13% Jul 12, 2021 - Jul 19, 2021 | -0.13% Nov 12, 2024 - Nov 21, 2024 |
| #11 | -0.12% May 20, 2021 - May 24, 2021 | -0.12% Dec 11, 2025 - Dec 17, 2025 |
| #12 | -0.10% May 24, 2021 - May 27, 2021 | -0.12% Mar 20, 2025 - Apr 1, 2025 |
| #13 | -0.04% Feb 18, 2026 - Feb 23, 2026 | -0.12% Jul 16, 2025 - Jul 21, 2025 |
| #14 | -0.04% Jan 5, 2026 - Jan 7, 2026 | -0.12% Aug 22, 2025 - Aug 27, 2025 |
| #15 | -0.04% Feb 4, 2026 - Feb 6, 2026 | -0.12% Jul 6, 2026 - Jul 16, 2026 |
Correlation
Correlation between FMNY and GUMI is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
0.79
-101
Dividend Comparison (2021 - 2026)
FMNY vs GUMI dividend yield comparison.
| Year | FMNY | GUMI |
|---|---|---|
| 2026 | 2.21% | 1.33% |
| 2025 | 3.64% | 2.95% |
| 2024 | 3.56% | 1.37% |
| 2023 | 3.25% | 0.00% |
| 2022 | 2.34% | 0.00% |
| 2021 | 0.72% | 0.00% |
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