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