GMUN vs EUM

Comparison between GOLDMAN SACHS COMMUNITY MUNICIPAL BOND ETF (GMUN, ETF) and ProShares Short MSCI Emerging Markets -1x Shares (EUM, ETF).

GMUN vs EUM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	GMUN(ETF)	EUM(ETF)
Net Assets	$10M	$10M
Expense Ratio	0.08%	0.95%
Max Drawdown	5.82%	94.55%
Sharpe Ratio	0.53	-1.70
5Y Beta	0.01	-0.84
5Y Dividends CAGR	N/A	86.18%

Net Assets

GMUN

$10M

Winner

EUM

$10M

Expense Ratio

Winner

GMUN

0.08%

EUM

0.95%

Max Drawdown

Winner

GMUN

5.82%

EUM

94.55%

Sharpe Ratio

Winner

GMUN

0.53

EUM

-1.70

5Y Beta

GMUN

0.01

Winner

EUM

-0.84

5Y Dividends CAGR

GMUN

N/A

EUM

86.18%

GMUN vs EUM - Historical Returns

Returns include dividend reinvestment.

Period	GMUN	EUM
1 month	-0.75%	-3.63%
3 months	-1.54%	-17.08%
6 months	+0.04%	-21.96%
1 year	+4.92%	-30.20%
5 years(CAGR)	N/A	-5.01%
10 years(CAGR)	N/A	-10.41%
Max(CAGR)	+2.92%	-9.91%

Winner

GMUN

-0.75%

EUM

-3.63%

Winner

GMUN

-1.54%

EUM

-17.08%

Winner

GMUN

+0.04%

EUM

-21.96%

Winner

GMUN

+4.92%

EUM

-30.20%

5Y(CAGR)

GMUN

N/A

EUM

-5.01%

10Y(CAGR)

GMUN

N/A

EUM

-10.41%

Max(CAGR)

Winner

GMUN

+2.92%

EUM

-9.91%

GMUN vs EUM - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	GMUN	EUM
2026	-0.47%	-18.22%
2025	+5.82%	-22.74%
2024	+0.30%	-2.27%
2023	+3.68%	-3.09%
2022	N/A	+21.77%
2021	N/A	-0.55%
2020	N/A	-22.79%
2019	N/A	-15.10%
2018	N/A	+16.96%
2017	N/A	-27.18%
2016	N/A	-17.49%
2015	N/A	+10.67%
2014	N/A	-3.48%
2013	N/A	+0.65%
2012	N/A	-17.65%
2011	N/A	+9.98%
2010	N/A	-18.52%
2009	N/A	-48.04%
2008	N/A	+17.33%
2007	N/A	+1.93%

GMUN vs EUM Drawdown Comparison

The maximum drawdown for GMUN was -4.35%, occurring on Oct 6, 2023. Recovery took 165 trading sessions.

The maximum drawdown for EUM was -93.08%, occurring on Jun 2, 2026. This drawdown has not yet recovered.

The current GMUN drawdown is -2.29%. The current EUM drawdown is -92.82%.

Rank	GMUN	EUM
#1	-4.35% Apr 12, 2023 - Dec 6, 2023	-93.08% Oct 27, 2008 - Jun 2, 2026
#2	-3.05% Feb 28, 2025 - Jul 2, 2025	-23.60% Oct 9, 2008 - Oct 24, 2008
#3	-2.83% Feb 27, 2026 - Mar 26, 2026	-19.42% Sep 17, 2008 - Oct 6, 2008
#4	-2.54% Dec 27, 2023 - Aug 1, 2024	-18.94% Mar 19, 2008 - Aug 11, 2008
#5	-1.92% Oct 1, 2024 - Dec 4, 2024	-12.64% Nov 26, 2007 - Jan 16, 2008
#6	-1.86% Dec 6, 2024 - Feb 25, 2025	-11.47% Feb 6, 2008 - Mar 17, 2008
#7	-0.73% Aug 5, 2024 - Sep 4, 2024	-7.07% Nov 12, 2007 - Nov 21, 2007
#8	-0.53% Sep 17, 2025 - Oct 10, 2025	-6.92% Jan 22, 2008 - Feb 6, 2008
#9	-0.51% Mar 17, 2023 - Mar 22, 2023	-5.50% Mar 17, 2008 - Mar 19, 2008
#10	-0.50% Jul 10, 2025 - Aug 1, 2025	-3.49% Sep 9, 2008 - Sep 15, 2008
#11	-0.25% Jan 15, 2026 - Jan 28, 2026	-3.23% Aug 19, 2008 - Sep 2, 2008
#12	-0.25% Oct 27, 2025 - Nov 11, 2025	-3.02% Nov 5, 2007 - Nov 7, 2007
#13	-0.20% Nov 11, 2025 - Nov 26, 2025	-2.56% Sep 4, 2008 - Sep 9, 2008
#14	-0.18% Sep 19, 2024 - Sep 27, 2024	-2.32% Jan 17, 2008 - Jan 22, 2008
#15	-0.18% Dec 20, 2023 - Dec 27, 2023	-2.10% Nov 21, 2007 - Nov 26, 2007

Correlation

Correlation between GMUN and EUM is -0.93 which considered as a very strong negative correlation - the stocks move almost identically in opposite directions.

-0.93

-101