GMUB vs SMMV

Comparison between GOLDMAN SACHS MUNICIPAL INCOME ETF (GMUB, ETF) and ISHARES MSCI USA SMALL-CAP MIN VOL FACTOR ETF (SMMV, ETF).

GMUB vs SMMV - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GMUB(ETF)	SMMV(ETF)
Net Assets	$280M	$279M
Expense Ratio	0.18%	0.20%
Max Drawdown	4.43%	38.77%
Sharpe Ratio	1.15	0.54
5Y Beta	0.01	0.52
P/E Ratio	N/A	24.02
Forward P/E	N/A	15.95
5Y Dividends CAGR	N/A	15.67%
5Y EPS CAGR	N/A	11.19%
P/S Ratio	N/A	1.41
P/B Ratio	N/A	2.43

Net Assets

Winner

GMUB

$280M

SMMV

$279M

Expense Ratio

Winner

GMUB

0.18%

SMMV

0.20%

Max Drawdown

Winner

GMUB

4.43%

SMMV

38.77%

Sharpe Ratio

Winner

GMUB

1.15

SMMV

0.54

5Y Beta

Winner

GMUB

0.01

SMMV

0.52

P/E Ratio

GMUB

N/A

SMMV

24.02

Forward P/E

GMUB

N/A

SMMV

15.95

5Y Dividends CAGR

GMUB

N/A

SMMV

15.67%

5Y EPS CAGR

GMUB

N/A

SMMV

11.19%

P/S Ratio

GMUB

N/A

SMMV

1.41

P/B Ratio

GMUB

N/A

SMMV

2.43

GMUB vs SMMV - Historical Returns

Returns include dividend reinvestment.

Period	GMUB	SMMV
1 month	+0.52%	+1.39%
3 months	+0.68%	+1.96%
6 months	+2.29%	+3.96%
1 year	+6.70%	+8.54%
5 years(CAGR)	N/A	+5.00%
10 years(CAGR)	N/A	+8.35%
Max(CAGR)	+4.59%	+8.35%

GMUB

+0.52%

Winner

SMMV

+1.39%

GMUB

+0.68%

Winner

SMMV

+1.96%

GMUB

+2.29%

Winner

SMMV

+3.96%

GMUB

+6.70%

Winner

SMMV

+8.54%

5Y(CAGR)

GMUB

N/A

SMMV

+5.00%

10Y(CAGR)

GMUB

N/A

SMMV

+8.35%

Max(CAGR)

GMUB

+4.59%

Winner

SMMV

+8.35%

GMUB vs SMMV - Annual Returns (2016 - 2026)

Returns include dividend reinvestment.

Year	GMUB	SMMV
2026	+1.52%	+4.60%
2025	+5.81%	+6.75%
2024	+1.08%	+18.20%
2023	N/A	+5.48%
2022	N/A	-10.13%
2021	N/A	+17.89%
2020	N/A	-2.49%
2019	N/A	+25.22%
2018	N/A	+1.20%
2017	N/A	+14.31%
2016	N/A	+7.50%

GMUB vs SMMV Drawdown Comparison

The maximum drawdown for GMUB was -3.28%, occurring on Apr 11, 2025. Recovery took 105 trading sessions.

The maximum drawdown for SMMV was -38.77%, occurring on Mar 23, 2020. Recovery took 234 trading sessions.

The current GMUB drawdown is -0.46%. The current SMMV drawdown is -2.22%.

Rank	GMUB	SMMV
#1	-3.28% Mar 3, 2025 - Aug 1, 2025	-38.77% Feb 20, 2020 - Jan 25, 2021
#2	-2.29% Feb 27, 2026 - Mar 27, 2026	-17.99% Nov 16, 2021 - May 16, 2024
#3	-1.92% Dec 4, 2024 - Feb 25, 2025	-15.19% Sep 11, 2018 - Apr 24, 2019
#4	-1.66% Oct 3, 2024 - Nov 29, 2024	-13.67% Nov 29, 2024 - Nov 28, 2025
#5	-0.67% Aug 5, 2024 - Sep 6, 2024	-7.54% Jan 26, 2018 - May 9, 2018
#6	-0.45% Nov 24, 2025 - Dec 22, 2025	-7.02% Mar 2, 2026 - Mar 20, 2026
#7	-0.44% Aug 13, 2025 - Aug 29, 2025	-5.54% Feb 12, 2021 - Mar 11, 2021
#8	-0.41% Jan 14, 2026 - Jan 30, 2026	-5.32% Sep 22, 2016 - Nov 15, 2016
#9	-0.36% Sep 19, 2025 - Oct 8, 2025	-4.85% Jul 31, 2024 - Aug 23, 2024
#10	-0.35% Aug 29, 2025 - Sep 4, 2025	-4.74% Sep 2, 2021 - Nov 3, 2021
#11	-0.34% Oct 27, 2025 - Nov 10, 2025	-4.57% Mar 15, 2021 - Apr 15, 2021
#12	-0.24% Nov 11, 2025 - Nov 24, 2025	-4.28% Jun 11, 2021 - Aug 30, 2021
#13	-0.23% Jan 9, 2026 - Jan 14, 2026	-4.22% Apr 26, 2021 - Jun 8, 2021
#14	-0.20% Feb 26, 2025 - Feb 28, 2025	-3.82% May 6, 2019 - Jun 19, 2019
#15	-0.18% Jan 2, 2026 - Jan 7, 2026	-3.43% Nov 11, 2024 - Nov 25, 2024

Correlation

Correlation between GMUB and SMMV is 0.91 which considered as a very strong positive correlation - the stocks move almost identically together.

0.91

-101

Dividend Comparison (2016 - 2026)

GMUB vs SMMV dividend yield comparison.

Year	GMUB	SMMV
2026	1.39%	0.47%
2025	3.14%	1.77%
2024	1.46%	1.76%
2023	0.00%	2.30%
2022	0.00%	1.67%
2021	0.00%	1.08%
2020	0.00%	1.39%
2019	0.00%	1.64%
2018	0.00%	1.72%
2017	0.00%	1.63%
2016	0.00%	0.79%