Goldman Sachs Ultra Short Municipal Income ETF (GUMI) Performance
GUMI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +2.2% since Dec 31, 2025
- 1 year
- +3.0% total return
- Since first price
- +7.3% since 2024
GUMI trailing returns vs AGG, TLT, SPY
| Period | GUMI total return | Price only | U.S. bonds (AGG) | 20+ yr Treasuries (TLT) | S&P 500 (SPY) |
|---|---|---|---|---|---|
| 1 month | +0.7% | +0.5% | +0.9% | +1.5% | −1.0% |
| 3 months | +0.6% | 0.0% | −0.4% | −1.0% | +3.2% |
| 6 months | +1.4% | +0.0% | −1.5% | −3.8% | +7.8% |
| YTD | +2.2% | +0.2% | −1.0% | −3.4% | +12.3% |
| 1 year | +3.0% | +0.3% | −1.1% | −6.9% | +14.4% |
| Since inceptionJul 25, 2024 | +7.3% | +0.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: GUMI vs AGG
From Jul 25, 2024: GUMI grew to $10,728, AGG to $10,698.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
GUMI returns by calendar year
1 of 1 full years positive. Best 2025 (+3.4%), worst 2025 (+3.4%). 2026 is year to date.
GUMI annual returns table
| Year | GUMI | Largest drop | AGG | TLT | SPY |
|---|---|---|---|---|---|
| 2026YTD | +2.2% | −0.4% | −1.0% | −3.4% | +12.3% |
| 2025 | +3.4% | −0.5% | +7.2% | +4.3% | +17.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
GUMI risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +2.9% |
| Volatility (annualized) | 0.4% |
| Sharpe ratio | -2.56 |
| Sortino ratio | -2.14 |
| Best month | +0.4% |
| Worst month | −0.1% |
| Best 12 months | +3.5% |
| Worst 12 months | +2.3% |
| Positive months | 92% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
GUMI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 16 | +2.3% | +3.3% | +3.5% | 100% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
GUMI performance overview
Goldman Sachs Ultra Short Municipal Income ETF (GUMI) returned +3.0% over the past year, with distributions reinvested. Since its first recorded price on Jul 25, 2024 it has returned +7.3%. Over the same year U.S. bonds (AGG) returned −1.1%.
Related: GUMI chart, GUMI dividends, GUMI bond profile. See the GUMI overview for the latest quote and fund facts.
GUMI performance FAQ
What is the GUMI return over the past year?
GUMI returned +3.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 0.3%.
How much would $10,000 invested in GUMI be worth?
$10,000 invested in GUMI at its first recorded close on July 25, 2024 would be worth about $10,728 on October 23, 2026 with distributions reinvested.
How volatile is GUMI?
Over the past history GUMI had an annualized volatility of 0.4% and a Sharpe ratio of -2.56 (excess return over 1–3 month T-bills per unit of risk).