GUMI vs IVV
Goldman Sachs Ultra Short Municipal Income ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | GUMI | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.16% | 0.03% | |
| AUM | $65M | $907.0B | |
| Dividend Yield | 2.73% | 1.10% | |
| Holdings | 188 | 508 | |
| YTD Return | +1.60% | +12.71% | |
| 1Y Return | +2.84% | +21.89% | |
| 3Y Return (annualized) | - | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 0.4% | 15.1% | |
| Max Drawdown | -0.5% | -56.5% | |
| Fund Family | Goldman Sachs Asset Management | iShares by BlackRock (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 25, 2024 | May 15, 2000 |
GUMI vs IVV Performance
Goldman Sachs Ultra Short Municipal Income ETF (GUMI) is a ETF from Goldman Sachs Asset Management and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year GUMI returned +2.84% while IVV returned +21.89%. Year to date, GUMI is up 1.60% versus a gain of 12.71% for IVV.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 0.4% for GUMI. 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 -0.5% for GUMI and -56.5% for IVV. 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 0.09. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GUMI charges 0.16% per year while IVV charges 0.03%. On a $10,000 position that is $16 vs $3 annually, a gap of $13 per year that compounds over a long holding period. On income, GUMI currently yields 2.73% against 1.10% for IVV.
Holdings Overlap
GUMI and IVV share 0 holdings out of 542 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, GUMI or IVV?
GUMI has an expense ratio of 0.16% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $13 per year of difference.
Which performed better, GUMI or IVV?
Over the past year GUMI returned +2.84% vs +21.89% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (2 years), GUMI annualized +3.16% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, GUMI or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 0.4% for GUMI. Worst drawdown: GUMI -0.5% vs IVV -56.5%.
Should I hold both GUMI and IVV?
GUMI and IVV have a monthly-return correlation of 0.09, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GUMI and IVV?
GUMI and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 542 unique securities.
Which pays a higher dividend, GUMI or IVV?
GUMI yields 2.73% while IVV yields 1.10%, so GUMI currently pays the higher dividend yield.
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