ETX vs. PMM
Compare and contrast key facts about Eaton Vance Municipal Income 2028 Term Trust (ETX) and Putnam Managed Municipal Income Trust (PMM).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ETX or PMM.
Key characteristics
| ETX | PMM | |
|---|---|---|
| YTD Return | 10.82% | 6.50% |
| 1Y Return | 12.28% | 13.70% |
| 3Y Return (Ann) | -1.54% | -5.19% |
| 5Y Return (Ann) | 1.35% | 0.33% |
| 10Y Return (Ann) | 5.11% | 3.99% |
| Sharpe Ratio | 1.61 | 1.25 |
| Sortino Ratio | 2.49 | 1.91 |
| Omega Ratio | 1.31 | 1.23 |
| Calmar Ratio | 0.71 | 0.53 |
| Martin Ratio | 10.97 | 6.10 |
| Ulcer Index | 1.34% | 2.48% |
| Daily Std Dev | 9.10% | 12.06% |
| Max Drawdown | -32.09% | -38.66% |
| Current Drawdown | -10.79% | -18.79% |
Fundamentals
| ETX | PMM | |
|---|---|---|
| Market Cap | $200.87M | $284.50M |
| EPS | $0.77 | $0.58 |
| PE Ratio | 23.96 | 10.72 |
| PEG Ratio | 0.00 | 0.00 |
Correlation
The correlation between ETX and PMM is 0.29, 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.
Performance
ETX vs. PMM - Performance Comparison
In the year-to-date period, ETX achieves a 10.82% return, which is significantly higher than PMM's 6.50% return. Over the past 10 years, ETX has outperformed PMM with an annualized return of 5.11%, while PMM has yielded a comparatively lower 3.99% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
ETX vs. PMM - Risk-Adjusted Performance 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.
Dividends
ETX vs. PMM - Dividend Comparison
ETX's dividend yield for the trailing twelve months is around 4.86%, more than PMM's 4.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ETX Eaton Vance Municipal Income 2028 Term Trust | 4.86% | 4.15% | 4.63% | 3.96% | 3.61% | 3.89% | 4.83% | 4.45% | 4.34% | 4.61% | 4.87% | 3.40% |
PMM Putnam Managed Municipal Income Trust | 4.62% | 5.13% | 6.11% | 4.38% | 4.76% | 4.81% | 5.45% | 5.43% | 6.05% | 5.87% | 6.21% | 7.05% |
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. For additional features, visit the drawdowns tool.
Volatility
ETX vs. PMM - Volatility Comparison
The current volatility for Eaton Vance Municipal Income 2028 Term Trust (ETX) is 2.09%, while Putnam Managed Municipal Income Trust (PMM) has a volatility of 3.15%. 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.
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