GUMI vs QQQ
Goldman Sachs Ultra Short Municipal Income ETF vs Invesco QQQ Trust, Series 1
Which is better, GUMI or QQQ?
QQQ has been ahead.
GUMI has a lower expense ratio. QQQ 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 | GUMI | QQQ |
|---|---|---|
| Expense Ratio | 0.16%Best | 0.18% |
| AUM | $63M | $506.1B |
| Dividend Yield | 2.66% | 0.42% |
| Holdings | 203 | 321 |
| YTD Return | +1.84% | +19.30%Best |
| 1Y Return | +2.65% | +22.47%Best |
| 3Y Return (annualized) | - | +26.18% |
| 5Y Return (annualized) | - | +15.42% |
| Volatility (annualized) | 0.4%Best | 17.6% |
| Max Drawdown | -0.5%Best | -22.8% |
| $10,000 over 2.2 years | $10,683 | $16,021Best |
| Fund Family | Goldman Sachs Asset Management | Invesco (US) |
| Category | Fixed Income | Equity |
| Style | - | Large Cap Growth |
| Inception | Jul 25, 2024 | Mar 10, 1999 |
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 14, 2026 (2.2 years).
GUMI vs QQQ 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 is available from the range buttons; it is not the opening view here because over the whole period one of these two funds moves so much further than the other that its line would sit flat on the axis.
GUMI vs QQQ Performance
Goldman Sachs Ultra Short Municipal Income ETF (GUMI) is an ETF from Goldman Sachs Asset Management and Invesco QQQ Trust, Series 1 (QQQ) is an ETF from Invesco (US). Over the past year GUMI returned +2.65% while QQQ returned +22.47%. Year to date, GUMI is up 1.84% versus a gain of 19.30% for QQQ.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 17.6% 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 -22.8% for QQQ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at -0.06. They move largely independently of each other.
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 2.66% against 0.42% for QQQ.
Holdings Overlap
We hold position weights for 29 holdings in GUMI and 101 in QQQ, totalling 14.2% and 99.6% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 29 positions we hold weights for in GUMI and 101 in QQQ, against full books of 203 and 321.
You are not choosing between two funds in isolation.
Whichever of GUMI and QQQ 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, GUMI or QQQ?
GUMI has an expense ratio of 0.16% while QQQ charges 0.18%. GUMI is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, GUMI or QQQ?
Over the past year GUMI returned +2.65% vs +22.47% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (2 years), GUMI annualized +3.05% vs +23.89% for QQQ. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, GUMI or QQQ?
QQQ has been the more volatile fund at 17.6% annualized versus 0.4% for GUMI. Worst drawdown: GUMI -0.5% vs QQQ -22.8%.
Should I hold both GUMI and QQQ?
GUMI and QQQ have a monthly-return correlation of -0.06, 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, GUMI or QQQ?
GUMI yields 2.66% while QQQ yields 0.42%, so GUMI currently pays the higher dividend yield.
Is QQQ better than GUMI?
GUMI has a lower expense ratio. QQQ 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.