GUMI vs SCHD
Goldman Sachs Ultra Short Municipal Income ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. GUMI offers more diversification with 188 holdings.
Side-by-Side Comparison
| Metric | GUMI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.16% | 0.06% | |
| AUM | $65M | $108.7B | |
| Dividend Yield | 2.73% | 3.13% | |
| Holdings | 188 | 104 | |
| YTD Return | +1.57% | +27.67% | |
| 1Y Return | +2.76% | +31.26% | |
| 3Y Return (annualized) | - | +16.66% | |
| 5Y Return (annualized) | - | +10.18% | |
| Volatility (annualized) | 0.4% | 13.6% | |
| Max Drawdown | -0.5% | -33.4% | |
| Fund Family | Goldman Sachs Asset Management | Charles Schwab Asset Management | |
| Category | Fixed Income | Equity | |
| Inception | Jul 25, 2024 | Oct 20, 2011 |
GUMI vs SCHD Performance
Goldman Sachs Ultra Short Municipal Income ETF (GUMI) is a ETF from Goldman Sachs Asset Management and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year GUMI returned +2.76% while SCHD returned +31.26%. Year to date, GUMI is up 1.57% versus a gain of 27.67% for SCHD.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% 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 -33.4% for SCHD. 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 0.19. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
GUMI charges 0.16% per year while SCHD charges 0.06%. On a $10,000 position that is $16 vs $6 annually, a gap of $10 per year that compounds over a long holding period. On income, GUMI currently yields 2.73% against 3.13% for SCHD.
Holdings Overlap
GUMI and SCHD share 0 holdings out of 137 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 SCHD?
GUMI has an expense ratio of 0.16% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $10 per year of difference.
Which performed better, GUMI or SCHD?
Over the past year GUMI returned +2.76% vs +31.26% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (2 years), GUMI annualized +3.14% vs +11.57% for SCHD. Past performance does not guarantee future results.
Which is riskier, GUMI or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 0.4% for GUMI. Worst drawdown: GUMI -0.5% vs SCHD -33.4%.
Should I hold both GUMI and SCHD?
GUMI and SCHD have a monthly-return correlation of 0.19, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between GUMI and SCHD?
GUMI and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 137 unique securities.
Which pays a higher dividend, GUMI or SCHD?
GUMI yields 2.73% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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