ETX vs. PMM
Compare and contrast key facts about Eaton Vance Municipal Income 2028 Term Trust (ETX) and Putnam Managed Municipal Income Trust (PMM).
Performance
ETX vs. PMM - Performance Comparison
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ETX vs. PMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETX Eaton Vance Municipal Income 2028 Term Trust | -0.58% | 11.72% | 6.87% | 1.32% | -13.52% | -4.67% | 11.31% | 19.57% | -3.74% | 10.22% |
PMM Putnam Managed Municipal Income Trust | -0.65% | 10.50% | 2.84% | 1.89% | -24.13% | 13.71% | 6.26% | 25.01% | -4.49% | 10.56% |
Fundamentals
ETX:
$199.91M
PMM:
$263.95M
ETX:
$1.37
PMM:
$1.84
ETX:
13.42
PMM:
3.33
ETX:
0.59
PMM:
0.01
ETX:
10.63
PMM:
8.44
ETX:
0.99
PMM:
0.92
ETX:
$18.81M
PMM:
$31.28M
ETX:
$8.18M
PMM:
$67.33M
ETX:
$16.49M
PMM:
$61.51M
Returns By Period
In the year-to-date period, ETX achieves a -0.58% return, which is significantly higher than PMM's -0.65% return. Over the past 10 years, ETX has outperformed PMM with an annualized return of 3.52%, while PMM has yielded a comparatively lower 2.99% annualized return.
ETX
- 1D
- -0.76%
- 1M
- -2.17%
- YTD
- -0.58%
- 6M
- -2.49%
- 1Y
- 5.68%
- 3Y*
- 6.06%
- 5Y*
- 0.82%
- 10Y*
- 3.52%
PMM
- 1D
- 3.36%
- 1M
- -4.24%
- YTD
- -0.65%
- 6M
- 4.48%
- 1Y
- 5.69%
- 3Y*
- 5.12%
- 5Y*
- -0.46%
- 10Y*
- 2.99%
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Return for Risk
ETX vs. PMM — Risk / Return Rank
ETX
PMM
ETX vs. PMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Eaton Vance Municipal Income 2028 Term Trust (ETX) and Putnam Managed Municipal Income Trust (PMM). 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.
| ETX | PMM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.55 | 0.47 | +0.08 |
Sortino ratioReturn per unit of downside risk | 0.86 | 0.77 | +0.08 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.10 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.19 | 0.63 | +0.56 |
Martin ratioReturn relative to average drawdown | 2.96 | 1.75 | +1.21 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ETX | PMM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.55 | 0.47 | +0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.06 | -0.03 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.19 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.23 | +0.04 |
Correlation
The correlation between ETX and PMM is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
ETX vs. PMM - Dividend Comparison
ETX's dividend yield for the trailing twelve months is around 5.11%, which matches PMM's 5.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETX Eaton Vance Municipal Income 2028 Term Trust | 5.11% | 5.02% | 5.33% | 4.15% | 4.62% | 3.96% | 3.60% | 3.88% | 4.46% | 4.11% | 4.33% | 4.60% |
PMM Putnam Managed Municipal Income Trust | 5.13% | 4.90% | 4.78% | 5.10% | 6.11% | 4.38% | 4.76% | 4.81% | 5.42% | 5.38% | 6.09% | 5.92% |
Drawdowns
ETX vs. PMM - Drawdown Comparison
The maximum ETX drawdown since its inception was -32.09%, smaller than the maximum PMM drawdown of -38.66%. Use the drawdown chart below to compare losses from any high point for ETX and PMM.
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Drawdown Indicators
| ETX | PMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.09% | -38.66% | +6.57% |
Max Drawdown (1Y)Largest decline over 1 year | -4.93% | -8.21% | +3.28% |
Max Drawdown (5Y)Largest decline over 5 years | -24.19% | -37.72% | +13.53% |
Max Drawdown (10Y)Largest decline over 10 years | -25.18% | -37.72% | +12.54% |
Current DrawdownCurrent decline from peak | -4.62% | -13.91% | +9.29% |
Average DrawdownAverage peak-to-trough decline | -8.24% | -11.04% | +2.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.98% | 2.96% | -0.98% |
Volatility
ETX vs. PMM - Volatility Comparison
The current volatility for Eaton Vance Municipal Income 2028 Term Trust (ETX) is 3.57%, while Putnam Managed Municipal Income Trust (PMM) has a volatility of 4.70%. This indicates that ETX experiences smaller price fluctuations and is considered to be less risky than PMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETX | PMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 4.70% | -1.13% |
Volatility (6M)Calculated over the trailing 6-month period | 8.04% | 7.78% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.29% | 12.07% | -1.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.21% | 17.03% | -3.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.41% | 16.10% | -1.69% |
Financials
ETX vs. PMM - Financials Comparison
This section allows you to compare key financial metrics between Eaton Vance Municipal Income 2028 Term Trust and Putnam Managed Municipal Income Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities