Goldman Sachs Ultra Short Municipal Income ETF (GUMI) — Stock Correlations & Overview
Over the past year, GUMI has moved most closely with BILZ, GBIL, MINT. Explore the stocks most correlated and inversely correlated with GUMI below, along with its price, financials, and company profile.
Stocks correlated with GUMI
Correlation of daily returns. Higher positive values move with GUMI; negative values move opposite it. Informational only, not investment advice.
Most correlated with GUMI
| Symbol | Company | Correlation |
|---|---|---|
| BILZ | PIMCO Ultra Short Government Active ETF | 0.59 |
| GBIL | Goldman Sachs Access Treasury 0-1 Year ETF | 0.58 |
| MINT | PIMCO Enhanced Short Maturity Active Exchange-Traded Fund | 0.58 |
| YEAR | AB Ultra Short Income ETF | 0.56 |
| JPST | JPMorgan Ultra-Short Income ETF | 0.56 |
Most inversely correlated with GUMI
| Symbol | Company | Correlation |
|---|---|---|
| PST | ProShares Trust UltraShort Lehman 7-10 Year Treasury | -0.22 |
| RINF | ProShares Inflation Expectations ETF | -0.21 |
| ZBAO | Zhibao Technology Inc. Class A Ordinary Shares | -0.21 |
| HPAI | Helport AI Limited Ordinary Shares | -0.19 |
| TBT | ProShares Trust UltraShort Lehman 20+ Year Treasury | -0.19 |
Frequently asked questions about GUMI correlations
- Which stocks are most correlated with GUMI?
- Based on one year of daily returns, the stocks most correlated with Goldman Sachs Ultra Short Municipal Income ETF (GUMI) are BILZ (0.59), GBIL (0.58) and MINT (0.58). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with GUMI?
- Over the past year, the stocks most inversely correlated with Goldman Sachs Ultra Short Municipal Income ETF (GUMI) are PST (-0.22), RINF (-0.21) and ZBAO (-0.21). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these GUMI correlations calculated?
- We compute the correlation of daily returns between GUMI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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