GGM vs MUNX
Comparison between GGM MACRO ALIGNMENT ETF (GGM, ETF) and AMG GW&K MUNI INCOME ETF (MUNX, ETF).
GGM vs MUNX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GGM
$20M
Winner
MUNX
$20M
Expense Ratio
GGM
0.94%
Winner
MUNX
0.29%
Max Drawdown
GGM
52.83%
Winner
MUNX
3.29%
Sharpe Ratio
Winner
GGM
1.28
MUNX
-0.56
5Y Beta
GGM
0.60
Winner
MUNX
0.12
5Y Dividends CAGR
GGM
-18.00%
MUNX
N/A
GGM vs MUNX - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GGM
+3.57%
MUNX
-0.15%
3M
Winner
GGM
+9.53%
MUNX
-0.54%
6M
Winner
GGM
+6.69%
MUNX
-1.27%
1Y
Winner
GGM
+19.86%
MUNX
+1.45%
5Y(CAGR)
GGM
+9.47%
MUNX
N/A
10Y(CAGR)
GGM
+9.81%
MUNX
N/A
Max(CAGR)
Winner
GGM
+8.73%
MUNX
+1.77%
GGM vs MUNX - Annual Returns (2013 - 2026)
Returns include dividend reinvestment.
| Year | GGM | MUNX |
|---|---|---|
| 2026 | +16.92% | +0.75% |
| 2025 | +1.76% | +0.52% |
| 2024 | +3.92% | N/A |
| 2023 | +7.47% | N/A |
| 2021 | +16.67% | N/A |
| 2020 | +12.42% | N/A |
| 2019 | +19.40% | N/A |
| 2018 | -7.01% | N/A |
| 2017 | +8.20% | N/A |
| 2016 | +28.69% | N/A |
| 2015 | -0.12% | N/A |
| 2014 | +3.83% | N/A |
| 2013 | -7.49% | N/A |
GGM vs MUNX Drawdown Comparison
The maximum drawdown for GGM was -40.86%, occurring on Mar 18, 2020. Recovery took 184 trading sessions.
The maximum drawdown for MUNX was -2.95%, occurring on Mar 26, 2026. Recovery took 82 trading sessions.
The current GGM drawdown is -0.68%. The current MUNX drawdown is -1.71%.
| Rank | GGM | MUNX |
|---|---|---|
| #1 | -40.86% Feb 20, 2020 - Nov 10, 2020 | -2.95% Feb 26, 2026 - Jun 25, 2026 |
| #2 | -22.86% Sep 12, 2018 - Apr 30, 2019 | -2.30% Jul 6, 2026 - Jul 23, 2026 |
| #3 | -19.79% Jun 11, 2015 - Jun 9, 2016 | -0.36% Nov 11, 2025 - Nov 28, 2025 |
| #4 | -19.68% Dec 3, 2024 - Feb 26, 2026 | -0.33% Nov 28, 2025 - Jan 2, 2026 |
| #5 | -13.80% Sep 19, 2014 - Jun 11, 2015 | -0.27% Jan 14, 2026 - Jan 28, 2026 |
| #6 | -11.89% Jul 23, 2013 - Apr 10, 2014 | -0.16% Jan 9, 2026 - Jan 14, 2026 |
| #7 | -11.46% Oct 4, 2016 - Jan 4, 2017 | -0.15% Feb 10, 2026 - Feb 12, 2026 |
| #8 | -10.64% Jul 16, 2024 - Sep 16, 2024 | -0.15% Jun 29, 2026 - Jul 2, 2026 |
| #9 | -9.65% Apr 20, 2021 - Jun 15, 2021 | -0.14% Nov 4, 2025 - Nov 6, 2025 |
| #10 | -8.92% Sep 14, 2021 - Sep 26, 2023 | -0.12% Feb 24, 2026 - Feb 26, 2026 |
| #11 | -7.54% Mar 2, 2026 - Jun 15, 2026 | -0.06% Feb 2, 2026 - Feb 4, 2026 |
| #12 | -7.28% Jun 12, 2014 - Sep 5, 2014 | -0.05% Jan 28, 2026 - Jan 30, 2026 |
| #13 | -6.61% Feb 22, 2018 - May 30, 2018 | -0.05% Feb 17, 2026 - Feb 20, 2026 |
| #14 | -5.44% Oct 16, 2017 - Feb 20, 2018 | -0.03% Nov 6, 2025 - Nov 10, 2025 |
| #15 | -5.43% Jun 10, 2016 - Jul 21, 2016 | -0.02% Oct 31, 2025 - Nov 4, 2025 |
Correlation
Correlation between GGM and MUNX is 0.58 which considered as a moderate positive correlation - the stocks show some tendency to move together.
0.58
-101
Dividend Comparison (2013 - 2026)
GGM vs MUNX dividend yield comparison.
| Year | GGM | MUNX |
|---|---|---|
| 2026 | 0.00% | 2.04% |
| 2025 | 1.57% | 0.55% |
| 2024 | 1.39% | 0.00% |
| 2023 | 0.50% | 0.00% |
| 2021 | 8.56% | 0.00% |
| 2020 | 11.00% | 0.00% |
| 2019 | 10.94% | 0.00% |
| 2018 | 11.82% | 0.00% |
| 2017 | 9.92% | 0.00% |
| 2016 | 9.74% | 0.00% |
| 2015 | 11.16% | 0.00% |
| 2014 | 9.59% | 0.00% |
| 2013 | 2.87% | 0.00% |
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