GMUB vs VYM
Goldman Sachs Municipal Income ETF vs Vanguard High Dividend Yield ETF
Which is better, GMUB or VYM?
High Yield Municipal Bond against Large Cap Value.
VYM has a lower expense ratio. VYM led over 1Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | GMUB | VYM |
|---|---|---|
| Expense Ratio | 0.18% | 0.04%Best |
| AUM | $456M | $83.1B |
| Dividend Yield | 3.49% | 2.22% |
| Holdings | 1,420 | 608 |
| YTD Return | -2.30% | +10.00%Best |
| 1Y Return | -0.47% | +13.75%Best |
| 3Y Return (annualized) | - | +18.81% |
| 5Y Return (annualized) | - | +11.63% |
| Volatility (annualized) | 3.9%Best | 10.5% |
| Max Drawdown | -5.3%Best | -14.5% |
| $10,000 over 2.2 years | $10,441 | $13,605Best |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) |
| Category | Fixed Income | Equity |
| Style | High Yield Municipal Bond | Large Cap Value |
| Inception | Jul 23, 2024 | Nov 10, 2006 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.2 years row, are measured over the window both funds cover: Jul 25, 2024 to Oct 2, 2026 (2.2 years).
GMUB vs VYM growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.2 years both funds cover.
GMUB vs VYM Performance
Goldman Sachs Municipal Income ETF (GMUB) is an ETF from Goldman Sachs Asset Management and Vanguard High Dividend Yield ETF (VYM) is an ETF from Vanguard (US). Over the past year GMUB returned -0.47% while VYM returned +13.75%. Year to date, GMUB is down 2.30% versus a gain of 10.00% for VYM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VYM has been the more volatile fund, with annualized monthly volatility of 10.5% compared with 3.9% for GMUB. 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 -5.3% for GMUB and -14.5% for VYM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
GMUB charges 0.18% per year while VYM charges 0.04%. On a $10,000 position that is $18 vs $4 annually, a gap of $14 per year that compounds over a long holding period. On income, GMUB currently yields 3.49% against 2.22% for VYM.
Holdings Overlap
We hold position weights for 179 holdings in GMUB and 557 in VYM, totalling 19.4% and 99.2% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
The two holdings books were reported 46 days apart, GMUB as of Sep 15, 2026 and VYM as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
0 positions in common, counted across the 179 positions we hold weights for in GMUB and 557 in VYM, against full books of 1,420 and 608.
You are not choosing between two funds in isolation.
Whichever of GMUB and VYM you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, GMUB or VYM?
GMUB has an expense ratio of 0.18% while VYM charges 0.04%. VYM is the cheaper option, by $14 a year on a $10,000 investment.
Which performed better, GMUB or VYM?
Over the past year GMUB returned -0.47% vs +13.75% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (2 years), GMUB annualized +1.98% vs +15.02% for VYM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GMUB or VYM?
VYM has been the more volatile fund at 10.5% annualized versus 3.9% for GMUB. Worst drawdown: GMUB -5.3% vs VYM -14.5%.
Should I hold both GMUB and VYM?
GMUB and VYM have a monthly-return correlation of 0.75, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, GMUB or VYM?
GMUB yields 3.49% while VYM yields 2.22%, so GMUB currently pays the higher dividend yield.
Is VYM better than GMUB?
VYM has a lower expense ratio. VYM led over 1Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.