Putnam Mortgage Opportunities Fund (PMOTX) belongs to the Nontraditional Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with PMOTX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PMOTX
PMOTX charges 0.47% annually. No mutual funds in the Nontraditional Bonds category have lower expense ratios; the lowest-cost alternatives shown here go as low as 0.47%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| GMO Opportunistic Income Fund | 0.47% | — | Oct 2011 | PMOTX vs GMODX | |
| Carillon Reams Unconstrained Bond Fund | 0.50% | — | Sep 2011 | PMOTX vs SUBFX | |
| PIMCO Strategic Bond Fund | 0.51% | — | Jan 2009 | PMOTX vs PUTIX | |
| FPA Flexible Fixed Income Fund | 0.51% | — | Dec 2018 | PMOTX vs FPFIX | |
| T. Rowe Price Dynamic Credit Fund | 0.56% | — | Jan 2019 | PMOTX vs RPELX |
Best Risk-Adjusted Alternatives to PMOTX
PMOTX has a PortfoliosLab risk / return rank of 88. There are 16 mutual funds in the Nontraditional Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 100 | — | Jul 2021 | PMOTX vs CELFX | |
| Victory Pioneer Cat Bond Fund Class Y | 100 | — | Jan 2023 | PMOTX vs CBYYX | |
| PGIM Securitized Credit Fund | 100 | — | Jun 2019 | PMOTX vs SCFZX | |
| Eaton Vance Global Macro Absolute Return Fund | 99 | — | Jun 2007 | PMOTX vs EIGMX | |
| Artisan Global Unconstrained Fund | 99 | — | Mar 2022 | PMOTX vs APFPX |
Top Performing PMOTX Alternatives (YTD)
PMOTX is at 5.66% YTD. There is 1 mutual fund in the Nontraditional Bonds category with a higher YTD return, going as high as 8.64%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Eaton Vance Global Macro Absolute Return Advantage... | 8.64% | — | Aug 2010 | PMOTX vs EGRIX | |
| Eaton Vance Global Macro Absolute Return Fund | 5.42% | — | Jun 2007 | PMOTX vs EIGMX | |
| Artisan Global Unconstrained Fund | 5.21% | — | Mar 2022 | PMOTX vs APFPX | |
| Cliffwater Enhanced Lending Fund | 4.46% | — | Jul 2021 | PMOTX vs CELFX | |
| Templeton Global Total Return Fund | 4.29% | — | Sep 2008 | PMOTX vs TTRZX |
Lowest Volatility Alternatives to PMOTX
PMOTX has 3.08% 1-year volatility. There are 46 mutual funds in the Nontraditional Bonds category with lower 1-year volatility, going as low as 0.85%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Enhanced Lending Fund | 0.85% | — | Jul 2021 | PMOTX vs CELFX | |
| Dunham Long/Short Credit Fund | 1.00% | — | Dec 2004 | PMOTX vs DCAIX | |
| Victory Pioneer Cat Bond Fund Class Y | 1.20% | — | Jan 2023 | PMOTX vs CBYYX | |
| GMO Opportunistic Income Fund | 1.32% | — | Oct 2011 | PMOTX vs GMODX | |
| BlackRock Global Long/Short Credit Fund | 1.36% | — | Sep 2011 | PMOTX vs BGCIX |
Lowest Drawdown Alternatives to PMOTX
PMOTX has a 1-year max drawdown of -1.56%. There are 20 mutual funds in the Nontraditional Bonds category with shallower 1-year drawdowns, going as shallow as -0.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Pioneer Cat Bond Fund Class Y | -0.09% | — | Jan 2023 | PMOTX vs CBYYX | |
| Cliffwater Enhanced Lending Fund | -0.18% | — | Jul 2021 | PMOTX vs CELFX | |
| PGIM Securitized Credit Fund | -0.31% | — | Jun 2019 | PMOTX vs SCFZX | |
| Dunham Long/Short Credit Fund | -0.37% | — | Dec 2004 | PMOTX vs DCAIX | |
| GMO Opportunistic Income Fund | -0.65% | — | Oct 2011 | PMOTX vs GMODX |
Other Mutual Funds from Putnam
The 10 most viewed Putnam mutual funds shown here include PEYAX, PEQSX, PEIYX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Putnam Large Cap Value Fund | Large Cap Value Equities | 92 | 14.98% | — | Jun 1977 | PMOTX vs PEYAX | |
| Putnam Large Cap Value Fund Class R6 | Large Cap Value Equities | 93 | 15.20% | — | Jul 2012 | PMOTX vs PEQSX | |
| Putnam Large Cap Value Fund | Large Cap Value Equities | 93 | 15.15% | — | Jan 1998 | PMOTX vs PEIYX | |
| Putnam Growth Opportunities Fund | Large Cap Growth Equities | 9 | -0.65% | — | Oct 1995 | PMOTX vs POGAX | |
| Putnam Global Technology Fund | Technology Equities | 51 | 24.87% | — | Dec 2008 | PMOTX vs PGTYX | |
| Putnam Sustainable Leaders Fund | Large Cap Growth Equities | 22 | 3.34% | — | Aug 1990 | PMOTX vs PNOPX | |
| Putnam Multi-Cap Core Fund | Large Cap Blend Equities | 55 | 7.70% | — | Sep 2010 | PMOTX vs PMYYX | |
| Putnam Large Cap Growth Y | Large Cap Growth Equities | 9 | -0.51% | — | Aug 1999 | PMOTX vs PGOYX | |
| Putnam Ultra Short Duration Income Fund | Ultrashort Bond | 99 | 1.68% | — | Oct 2011 | PMOTX vs PSDYX | |
| Putnam Small Cap Growth Fund | Small Cap Growth Equities | 26 | 16.15% | — | Dec 1997 | PMOTX vs PNSAX |
Often Compared With PMOTX
Investors most often compare PMOTX with RBSIX, SPY, SGOV. These 20 comparison targets span 4 categories, based on PortfoliosLab usage data.
Compare PMOTX with Any Fund or Stock
Compare PMOTX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PMOTX with funds that move differently
Putnam Mortgage Opportunities Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PMOTX.
Explore PMOTX Diversifiers