GMUB vs TSPX
Comparison between GOLDMAN SACHS MUNICIPAL INCOME ETF (GMUB, ETF) and TWIN OAK ACTIVE OPPORTUNITIES ETF (TSPX, ETF).
GMUB vs TSPX - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
GMUB
$263M
TSPX
$263M
Expense Ratio
Winner
GMUB
0.18%
TSPX
1.01%
Max Drawdown
Winner
GMUB
4.43%
TSPX
8.14%
Sharpe Ratio
GMUB
1.25
Winner
TSPX
1.55
5Y Beta
Winner
GMUB
0.01
TSPX
0.55
GMUB vs TSPX - Historical Returns
Returns include dividend reinvestment.
1M
GMUB
+0.47%
Winner
TSPX
+1.63%
3M
GMUB
+0.23%
Winner
TSPX
+6.68%
6M
GMUB
+2.10%
Winner
TSPX
+6.60%
1Y
GMUB
+7.07%
Winner
TSPX
+19.75%
Max(CAGR)
GMUB
+4.61%
Winner
TSPX
+17.36%
GMUB vs TSPX - Annual Returns (2024 - 2026)
Returns include dividend reinvestment.
| Year | GMUB | TSPX |
|---|---|---|
| 2026 | +1.48% | +6.63% |
| 2025 | +5.81% | +15.44% |
| 2024 | +1.08% | N/A |
GMUB vs TSPX Drawdown Comparison
The maximum drawdown for GMUB was -3.28%, occurring on Apr 11, 2025. Recovery took 105 trading sessions.
The maximum drawdown for TSPX was -7.80%, occurring on Apr 8, 2025. Recovery took 55 trading sessions.
The current GMUB drawdown is -0.50%. The current TSPX drawdown is -2.18%.
| Rank | GMUB | TSPX |
|---|---|---|
| #1 | -3.28% Mar 3, 2025 - Aug 1, 2025 | -7.80% Feb 21, 2025 - May 12, 2025 |
| #2 | -2.29% Feb 27, 2026 - Mar 27, 2026 | -6.81% Jan 28, 2026 - Apr 14, 2026 |
| #3 | -1.92% Dec 4, 2024 - Feb 25, 2025 | -3.72% Oct 28, 2025 - Dec 10, 2025 |
| #4 | -1.66% Oct 3, 2024 - Nov 29, 2024 | -2.19% Oct 8, 2025 - Oct 24, 2025 |
| #5 | -0.67% Aug 5, 2024 - Sep 6, 2024 | -2.18% Jun 2, 2026 - Jun 5, 2026 |
| #6 | -0.45% Nov 24, 2025 - Dec 22, 2025 | -1.98% Jan 12, 2026 - Jan 27, 2026 |
| #7 | -0.44% Aug 13, 2025 - Aug 29, 2025 | -1.89% May 19, 2025 - Jun 3, 2025 |
| #8 | -0.41% Jan 14, 2026 - Jan 30, 2026 | -1.86% Dec 11, 2025 - Dec 23, 2025 |
| #9 | -0.36% Sep 19, 2025 - Oct 8, 2025 | -1.75% Jul 28, 2025 - Aug 8, 2025 |
| #10 | -0.35% Aug 29, 2025 - Sep 4, 2025 | -1.56% May 14, 2026 - May 26, 2026 |
| #11 | -0.34% Oct 27, 2025 - Nov 10, 2025 | -1.44% Dec 24, 2025 - Jan 6, 2026 |
| #12 | -0.24% Nov 11, 2025 - Nov 24, 2025 | -1.13% Aug 14, 2025 - Aug 26, 2025 |
| #13 | -0.23% Jan 9, 2026 - Jan 14, 2026 | -1.02% Sep 22, 2025 - Oct 1, 2025 |
| #14 | -0.20% Feb 26, 2025 - Feb 28, 2025 | -0.99% Aug 28, 2025 - Sep 4, 2025 |
| #15 | -0.18% Jan 2, 2026 - Jan 7, 2026 | -0.85% Jun 12, 2025 - Jun 24, 2025 |
Correlation
Correlation between GMUB and TSPX is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.
0.92
-101
Dividend Comparison (2024 - 2026)
GMUB vs TSPX dividend yield comparison.
| Year | GMUB | TSPX |
|---|---|---|
| 2026 | 1.40% | 0.00% |
| 2025 | 3.14% | 2.15% |
| 2024 | 1.46% | 0.00% |
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