GMNY vs VTI
Goldman Sachs Dynamic New York Municipal Income ETF vs Vanguard Morningstar Total Stock Market ETF
Quick Verdict
VTI has a lower expense ratio. VTI delivered stronger 1-year returns. VTI offers more diversification with 3,543 holdings.
Side-by-Side Comparison
| Metric | GMNY | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.30% | 0.03% | |
| AUM | $40M | $666.9B | |
| Dividend Yield | 3.33% | 1.07% | |
| Holdings | 200 | 3,543 | |
| YTD Return | +1.19% | +13.14% | |
| 1Y Return | +5.37% | +22.35% | |
| 3Y Return (annualized) | - | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 3.3% | 15.3% | |
| Max Drawdown | -4.3% | -56.6% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 23, 2024 | May 24, 2001 |
GMNY vs VTI Performance
Goldman Sachs Dynamic New York Municipal Income ETF (GMNY) is a ETF from Goldman Sachs Asset Management and Vanguard Morningstar Total Stock Market ETF (VTI) is a ETF from Vanguard (US). Over the past year GMNY returned +5.37% while VTI returned +22.35%. Year to date, GMNY is up 1.19% versus a gain of 13.14% for VTI.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.3% for GMNY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -4.3% for GMNY and -56.6% for VTI. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GMNY charges 0.30% per year while VTI charges 0.03%. On a $10,000 position that is $30 vs $3 annually, a gap of $27 per year that compounds over a long holding period. On income, GMNY currently yields 3.33% against 1.07% for VTI.
Holdings Overlap
GMNY and VTI share 0 holdings out of 2850 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, GMNY or VTI?
GMNY has an expense ratio of 0.30% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $27 per year of difference.
Which performed better, GMNY or VTI?
Over the past year GMNY returned +5.37% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (2 years), GMNY annualized +2.72% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, GMNY or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 3.3% for GMNY. Worst drawdown: GMNY -4.3% vs VTI -56.6%.
Should I hold both GMNY and VTI?
GMNY and VTI have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GMNY and VTI?
GMNY and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2850 unique securities.
Which pays a higher dividend, GMNY or VTI?
GMNY yields 3.33% while VTI yields 1.07%, so GMNY currently pays the higher dividend yield.
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