GUMI vs QQQ
Goldman Sachs Ultra Short Municipal Income ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
GUMI has a lower expense ratio. QQQ delivered stronger 1-year returns. GUMI offers more diversification with 188 holdings.
Side-by-Side Comparison
| Metric | GUMI | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.16% | 0.18% | |
| AUM | $65M | $496.3B | |
| Dividend Yield | 2.73% | 0.44% | |
| Holdings | 188 | 108 | |
| YTD Return | +1.60% | +16.64% | |
| 1Y Return | +2.84% | +27.27% | |
| 3Y Return (annualized) | - | +25.96% | |
| 5Y Return (annualized) | - | +14.54% | |
| Volatility (annualized) | 0.4% | 30.6% | |
| Max Drawdown | -0.5% | -83.0% | |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) | |
| Category | Fixed Income | Equity | |
| Inception | Jul 25, 2024 | Mar 10, 1999 |
GUMI vs QQQ Performance
Goldman Sachs Ultra Short Municipal Income ETF (GUMI) is a ETF from Goldman Sachs Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year GUMI returned +2.84% while QQQ returned +27.27%. Year to date, GUMI is up 1.60% versus a gain of 16.64% for QQQ.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% 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 -83.0% for QQQ. 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 -0.03. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GUMI charges 0.16% per year while QQQ charges 0.18%. On a $10,000 position that is $16 vs $18 annually, a gap of $2 per year that compounds over a long holding period. On income, GUMI currently yields 2.73% against 0.44% for QQQ.
Holdings Overlap
GUMI and QQQ share 0 holdings out of 139 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 QQQ?
GUMI has an expense ratio of 0.16% while QQQ charges 0.18%. GUMI is the cheaper option. On a $10,000 investment, that is $2 per year of difference.
Which performed better, GUMI or QQQ?
Over the past year GUMI returned +2.84% vs +27.27% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), GUMI annualized +3.16% vs +13.03% for QQQ. Past performance does not guarantee future results.
Which is riskier, GUMI or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 0.4% for GUMI. Worst drawdown: GUMI -0.5% vs QQQ -83.0%.
Should I hold both GUMI and QQQ?
GUMI and QQQ have a monthly-return correlation of -0.03, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GUMI and QQQ?
GUMI and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 139 unique securities.
Which pays a higher dividend, GUMI or QQQ?
GUMI yields 2.73% while QQQ yields 0.44%, so GUMI 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.