ATCSX vs. PMOTX
ATCSX (Anchor Risk Managed Credit Strategies Fund) and PMOTX (Putnam Mortgage Opportunities Fund) are both Nontraditional Bonds funds. Over the past 10 years, ATCSX returned 1.56%/yr vs 4.39%/yr for PMOTX. At a 0.07 correlation, their price movements are largely independent. ATCSX charges 4.58%/yr vs 0.47%/yr for PMOTX.
Performance
ATCSX vs. PMOTX - Performance Comparison
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Returns By Period
In the year-to-date period, ATCSX achieves a 3.21% return, which is significantly lower than PMOTX's 5.03% return. Over the past 10 years, ATCSX has underperformed PMOTX with an annualized return of 1.56%, while PMOTX has yielded a comparatively higher 4.39% annualized return.
ATCSX
- 1D
- 1.15%
- 1M
- 0.88%
- YTD
- 3.21%
- 6M
- 2.96%
- 1Y
- 10.43%
- 3Y*
- 3.97%
- 5Y*
- 0.37%
- 10Y*
- 1.56%
PMOTX
- 1D
- -0.11%
- 1M
- 1.25%
- YTD
- 5.03%
- 6M
- 3.74%
- 1Y
- 6.29%
- 3Y*
- 8.14%
- 5Y*
- 4.97%
- 10Y*
- 4.39%
ATCSX vs. PMOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ATCSX Anchor Risk Managed Credit Strategies Fund | 3.21% | 3.71% | 4.25% | -2.23% | -6.60% | -0.21% | 11.02% | 5.14% | -4.18% | 2.14% |
PMOTX Putnam Mortgage Opportunities Fund | 5.03% | 3.83% | 10.08% | 6.71% | 4.33% | -3.63% | -6.27% | 12.02% | 3.12% | 6.13% |
Correlation
The correlation between ATCSX and PMOTX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.07 |
The correlation between ATCSX and PMOTX shifts across timeframes, from -0.03 (1 year) to 0.08 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
ATCSX vs. PMOTX — Risk / Return Rank
ATCSX
PMOTX
ATCSX vs. PMOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Anchor Risk Managed Credit Strategies Fund (ATCSX) and Putnam Mortgage Opportunities Fund (PMOTX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ATCSX | PMOTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.90 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.52 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 3.11 | 4.14 | -1.03 |
| Martin ratioReturn relative to average drawdown | 9.02 | 13.64 | -4.62 |
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Drawdowns
ATCSX vs. PMOTX - Drawdown Comparison
The maximum ATCSX drawdown since its inception was -53.70%, which is greater than PMOTX's maximum drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for ATCSX and PMOTX.
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Drawdown Indicators
| ATCSX | PMOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.70% | -17.57% | -36.13% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -1.56% | -1.81% |
Max Drawdown (3Y)Largest decline over 3 years | -53.70% | -1.77% | -51.93% |
Max Drawdown (5Y)Largest decline over 5 years | -53.70% | -4.34% | -49.36% |
Max Drawdown (10Y)Largest decline over 10 years | -53.70% | -17.57% | -36.13% |
Current DrawdownCurrent decline from peak | -46.83% | -0.11% | -46.72% |
Average DrawdownAverage peak-to-trough decline | -10.28% | -2.98% | -7.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.16% | 0.47% | +0.69% |
Volatility
ATCSX vs. PMOTX - Volatility Comparison
Anchor Risk Managed Credit Strategies Fund (ATCSX) has a higher volatility of 3.63% compared to Putnam Mortgage Opportunities Fund (PMOTX) at 1.17%. This indicates that ATCSX's price experiences larger fluctuations and is considered to be riskier than PMOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ATCSX | PMOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.63% | 1.17% | +2.46% |
Volatility (6M)Calculated over the trailing 6-month period | 5.46% | 2.54% | +2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.88% | 3.10% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 50.62% | 3.49% | +47.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.94% | 4.73% | +31.21% |
ATCSX vs. PMOTX - Expense Ratio Comparison
ATCSX has a 4.58% expense ratio, which is higher than PMOTX's 0.47% expense ratio.
Dividends
ATCSX vs. PMOTX - Dividend Comparison
ATCSX's dividend yield for the trailing twelve months is around 9.50%, more than PMOTX's 3.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ATCSX Anchor Risk Managed Credit Strategies Fund | 9.50% | 9.26% | 12.69% | 3.16% | 0.00% | 2.48% | 1.46% | 3.04% | 0.27% | 2.76% | 2.91% |
PMOTX Putnam Mortgage Opportunities Fund | 3.70% | 4.26% | 6.11% | 7.73% | 5.17% | 4.72% | 3.64% | 6.83% | 5.94% | 0.77% | 0.00% |
Frequently Asked Questions
ATCSX and PMOTX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ATCSX has higher volatility (3.63%) compared to PMOTX (1.17%). In terms of maximum drawdown, ATCSX dropped -53.70% vs PMOTX's -17.57%.
PMOTX currently has the higher Sharpe Ratio (2.08 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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