GUMI vs FMNY
Comparison between GOLDMAN SACHS ULTRA SHORT MUNICIPAL INCOME ETF (GUMI, ETF) and FIRST TRUST NEW YORK MUNICIPAL HIGH INCOME ETF (FMNY, ETF).
GUMI vs FMNY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
Winner
GUMI
$39M
FMNY
$39M
Expense Ratio
Winner
GUMI
0.16%
FMNY
0.49%
Max Drawdown
Winner
GUMI
0.63%
FMNY
18.26%
Sharpe Ratio
GUMI
-0.61
Winner
FMNY
1.08
5Y Beta
Winner
GUMI
-0.00
FMNY
0.03
5Y Dividends CAGR
GUMI
N/A
FMNY
78.03%
GUMI vs FMNY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
GUMI
+0.34%
FMNY
-0.38%
3M
Winner
GUMI
+0.82%
FMNY
+0.24%
6M
Winner
GUMI
+1.31%
FMNY
+1.26%
1Y
GUMI
+2.95%
Winner
FMNY
+7.38%
5Y(CAGR)
GUMI
N/A
FMNY
+0.34%
Max(CAGR)
Winner
GUMI
+3.29%
FMNY
+0.69%
GUMI vs FMNY - Annual Returns (2021 - 2026)
Returns include dividend reinvestment.
| Year | GUMI | FMNY |
|---|---|---|
| 2026 | +1.59% | +1.69% |
| 2025 | +3.37% | +3.79% |
| 2024 | +1.52% | +1.79% |
| 2023 | N/A | +6.08% |
| 2022 | N/A | -10.52% |
| 2021 | N/A | +1.60% |
GUMI vs FMNY Drawdown Comparison
The maximum drawdown for GUMI was -0.48%, occurring on Apr 11, 2025. Recovery took 23 trading sessions.
The maximum drawdown for FMNY was -15.90%, occurring on Oct 26, 2022. Recovery took 1090 trading sessions.
The current FMNY drawdown is -0.95%.
| Rank | GUMI | FMNY |
|---|---|---|
| #1 | -0.48% Apr 7, 2025 - May 9, 2025 | -15.90% Jul 19, 2021 - Nov 18, 2025 |
| #2 | -0.36% Nov 18, 2025 - Dec 1, 2025 | -2.83% Feb 27, 2026 - Jun 30, 2026 |
| #3 | -0.27% Sep 29, 2025 - Oct 7, 2025 | -0.95% Jun 30, 2026 - Jul 21, 2026 |
| #4 | -0.25% Oct 7, 2025 - Nov 10, 2025 | -0.66% Jun 15, 2021 - Jul 8, 2021 |
| #5 | -0.22% Sep 12, 2025 - Sep 29, 2025 | -0.57% Nov 18, 2025 - Jan 5, 2026 |
| #6 | -0.18% Jul 21, 2025 - Aug 1, 2025 | -0.55% Jan 14, 2026 - Feb 3, 2026 |
| #7 | -0.16% Oct 11, 2024 - Nov 4, 2024 | -0.17% Feb 10, 2026 - Feb 17, 2026 |
| #8 | -0.16% Jun 12, 2025 - Jun 26, 2025 | -0.15% May 14, 2021 - May 20, 2021 |
| #9 | -0.15% Aug 14, 2025 - Aug 19, 2025 | -0.15% Jan 7, 2026 - Jan 14, 2026 |
| #10 | -0.13% Nov 12, 2024 - Nov 21, 2024 | -0.13% Jul 12, 2021 - Jul 19, 2021 |
| #11 | -0.12% Dec 11, 2025 - Dec 17, 2025 | -0.12% May 20, 2021 - May 24, 2021 |
| #12 | -0.12% Mar 20, 2025 - Apr 1, 2025 | -0.10% May 24, 2021 - May 27, 2021 |
| #13 | -0.12% Jul 16, 2025 - Jul 21, 2025 | -0.04% Feb 18, 2026 - Feb 23, 2026 |
| #14 | -0.12% Aug 22, 2025 - Aug 27, 2025 | -0.04% Jan 5, 2026 - Jan 7, 2026 |
| #15 | -0.12% Jul 6, 2026 - Jul 16, 2026 | -0.04% Feb 4, 2026 - Feb 6, 2026 |
Correlation
Correlation between GUMI and FMNY is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
0.79
-101
Dividend Comparison (2021 - 2026)
GUMI vs FMNY dividend yield comparison.
| Year | GUMI | FMNY |
|---|---|---|
| 2026 | 1.33% | 2.21% |
| 2025 | 2.95% | 3.64% |
| 2024 | 1.37% | 3.56% |
| 2023 | 0.00% | 3.25% |
| 2022 | 0.00% | 2.34% |
| 2021 | 0.00% | 0.72% |
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