GMUN vs VTI
Goldman Sachs Access Municipal Bond 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 | GMUN | VTI | Winner |
|---|---|---|---|
| Expense Ratio | 0.08% | 0.03% | |
| AUM | $10M | $666.9B | |
| Dividend Yield | 3.12% | 1.07% | |
| Holdings | 277 | 3,543 | |
| YTD Return | -0.72% | +13.14% | |
| 1Y Return | +4.67% | +22.35% | |
| 3Y Return (annualized) | +2.91% | +21.83% | |
| 5Y Return (annualized) | - | +12.01% | |
| Volatility (annualized) | 3.9% | 15.3% | |
| Max Drawdown | -4.3% | -56.6% | |
| Fund Family | Goldman Sachs Asset Management | Vanguard (US) | |
| Category | Fixed Income | Equity | |
| Inception | Mar 7, 2023 | May 24, 2001 |
GMUN vs VTI Performance
Goldman Sachs Access Municipal Bond ETF (GMUN) 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 GMUN returned +4.67% while VTI returned +22.35%. Year to date, GMUN is down 0.72% versus a gain of 13.14% for VTI.
Over three years, GMUN compounded at +2.91% per year against +21.83% for VTI. Across the full 3-year window we track, VTI has the edge at +8.09% annualized vs +2.84%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VTI has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 3.9% for GMUN. 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 GMUN 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GMUN charges 0.08% per year while VTI charges 0.03%. On a $10,000 position that is $8 vs $3 annually, a gap of $5 per year that compounds over a long holding period. On income, GMUN currently yields 3.12% against 1.07% for VTI.
Holdings Overlap
GMUN and VTI share 0 holdings out of 2995 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, GMUN or VTI?
GMUN has an expense ratio of 0.08% while VTI charges 0.03%. VTI is the cheaper option. On a $10,000 investment, that is $5 per year of difference.
Which performed better, GMUN or VTI?
Over the past year GMUN returned +4.67% vs +22.35% for VTI, so VTI leads on 1-year performance. Over the longest common window we track (3 years), GMUN annualized +2.84% vs +8.09% for VTI. Past performance does not guarantee future results.
Which is riskier, GMUN or VTI?
VTI has been the more volatile fund at 15.3% annualized versus 3.9% for GMUN. Worst drawdown: GMUN -4.3% vs VTI -56.6%.
Should I hold both GMUN and VTI?
GMUN and VTI have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GMUN and VTI?
GMUN and VTI share 0 common holdings with a 0.0% weight overlap. Combined, they hold 2995 unique securities.
Which pays a higher dividend, GMUN or VTI?
GMUN yields 3.12% while VTI yields 1.07%, so GMUN currently pays the higher dividend yield.
Popular ETF Comparisons
Get Full ETF Analytics
Access complete holdings data, overlap analysis, screener tools, and more with FundXLS.