GINN vs FMUB

Comparison between GOLDMAN SACHS INNOVATE EQUITY ETF (GINN, ETF) and FIDELITY MUNICIPAL BOND OPPORTUNITIES ETF (FMUB, ETF).

GINN vs FMUB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GINN(ETF)	FMUB(ETF)
Net Assets	$213M	$212M
Expense Ratio	0.50%	0.30%
Max Drawdown	41.60%	2.49%
Sharpe Ratio	1.09	1.22
5Y Beta	1.08	0.05
P/E Ratio	-192.91	N/A
Forward P/E	18.96	N/A
5Y EPS CAGR	20.53%	N/A

Net Assets

Winner

GINN

$213M

FMUB

$212M

Expense Ratio

GINN

0.50%

Winner

FMUB

0.30%

Max Drawdown

GINN

41.60%

Winner

FMUB

2.49%

Sharpe Ratio

GINN

1.09

Winner

FMUB

1.22

5Y Beta

GINN

1.08

Winner

FMUB

0.05

P/E Ratio

GINN

-192.91

FMUB

N/A

Forward P/E

GINN

18.96

FMUB

N/A

5Y EPS CAGR

GINN

20.53%

FMUB

N/A

GINN vs FMUB - Historical Returns

Returns include dividend reinvestment.

Period	GINN	FMUB
1 month	+1.98%	+1.53%
3 months	+11.75%	+1.33%
6 months	+7.25%	+2.37%
1 year	+22.26%	+7.29%
5 years(CAGR)	+6.27%	N/A
Max(CAGR)	+9.00%	+7.45%

Winner

GINN

+1.98%

FMUB

+1.53%

Winner

GINN

+11.75%

FMUB

+1.33%

Winner

GINN

+7.25%

FMUB

+2.37%

Winner

GINN

+22.26%

FMUB

+7.29%

5Y(CAGR)

GINN

+6.27%

FMUB

N/A

Max(CAGR)

Winner

GINN

+9.00%

FMUB

+7.45%

GINN vs FMUB - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	GINN	FMUB
2026	+5.89%	+2.04%
2025	+20.08%	+6.63%
2024	+20.55%	N/A
2023	+29.77%	N/A
2022	-32.92%	N/A
2021	+11.54%	N/A
2020	+9.84%	N/A

GINN vs FMUB Drawdown Comparison

The maximum drawdown for GINN was -41.25%, occurring on Oct 14, 2022. Recovery took 756 trading sessions.

The maximum drawdown for FMUB was -2.49%, occurring on Mar 27, 2026. Recovery took 67 trading sessions.

The current GINN drawdown is -3.47%.

Rank	GINN	FMUB
#1	-41.25% Nov 8, 2021 - Nov 11, 2024	-2.49% Feb 27, 2026 - Jun 4, 2026
#2	-22.25% Feb 18, 2025 - Jun 26, 2025	-1.41% Apr 14, 2025 - Jun 12, 2025
#3	-13.18% Jan 12, 2026 - May 6, 2026	-0.93% Apr 7, 2025 - Apr 11, 2025
#4	-12.07% Feb 12, 2021 - Jun 28, 2021	-0.70% Jul 2, 2025 - Aug 1, 2025
#5	-8.54% Oct 27, 2025 - Jan 12, 2026	-0.47% Jan 9, 2026 - Feb 2, 2026
#6	-8.25% Sep 7, 2021 - Nov 3, 2021	-0.42% Sep 22, 2025 - Oct 10, 2025
#7	-6.03% Jun 1, 2026 - Jun 10, 2026	-0.39% Oct 22, 2025 - Nov 11, 2025
#8	-5.65% Dec 6, 2024 - Jan 24, 2025	-0.38% Nov 11, 2025 - Nov 25, 2025
#9	-4.53% Jun 29, 2021 - Aug 25, 2021	-0.34% Nov 26, 2025 - Dec 29, 2025
#10	-3.91% Jul 23, 2025 - Aug 13, 2025	-0.26% Jun 4, 2026 - Jun 16, 2026
#11	-3.91% Oct 6, 2025 - Oct 27, 2025	-0.25% Aug 29, 2025 - Sep 3, 2025
#12	-3.90% Jan 25, 2021 - Feb 3, 2021	-0.19% Jun 12, 2025 - Jun 17, 2025
#13	-3.69% Nov 11, 2024 - Nov 25, 2024	-0.18% Jun 23, 2025 - Jun 30, 2025
#14	-2.20% Nov 9, 2020 - Nov 16, 2020	-0.18% Aug 5, 2025 - Aug 11, 2025
#15	-2.17% May 14, 2026 - May 21, 2026	-0.17% Aug 13, 2025 - Aug 22, 2025