M vs. PPT
M (Macy's, Inc.) is a stock, while PPT (Putnam Premier Income Trust) is Multisector Bonds fund actively managed by Putnam Investments. Over the past 10 years, M returned 1.41%/yr vs 4.57%/yr for PPT. At a 0.10 correlation, their price movements are largely independent.
Performance
M vs. PPT - Performance Comparison
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Returns By Period
In the year-to-date period, M achieves a 14.05% return, which is significantly higher than PPT's 0.81% return. Over the past 10 years, M has underperformed PPT with an annualized return of 1.41%, while PPT has yielded a comparatively higher 4.57% annualized return.
M
- 1D
- -1.98%
- 1M
- 35.08%
- YTD
- 14.05%
- 6M
- 5.49%
- 1Y
- 127.89%
- 3Y*
- 21.01%
- 5Y*
- 9.92%
- 10Y*
- 1.41%
PPT
- 1D
- 0.29%
- 1M
- 0.47%
- YTD
- 0.81%
- 6M
- 1.85%
- 1Y
- 2.23%
- 3Y*
- 7.60%
- 5Y*
- 2.15%
- 10Y*
- 4.57%
M vs. PPT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
M Macy's, Inc. | 14.05% | 36.55% | -12.41% | 1.64% | -18.66% | 135.80% | -31.08% | -38.20% | 23.64% | -25.29% |
PPT Putnam Premier Income Trust | 0.81% | 8.39% | 8.80% | 7.43% | -7.75% | -1.72% | -6.54% | 25.53% | -6.36% | 13.78% |
Correlation
The correlation between M and PPT is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 1992 | 0.10 |
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Return for Risk
M vs. PPT — Risk / Return Rank
M
PPT
M vs. PPT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Macy's, Inc. (M) and Putnam Premier Income Trust (PPT). 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.
| M | PPT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.61 | ||
| Sortino ratioReturn per unit of downside risk | +3.46 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.04 | +0.40 |
| Calmar ratioReturn relative to maximum drawdown | 4.50 | 0.33 | +4.16 |
| Martin ratioReturn relative to average drawdown | 10.89 | 0.77 | +10.12 |
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Drawdowns
M vs. PPT - Drawdown Comparison
The maximum M drawdown since its inception was -91.95%, which is greater than PPT's maximum drawdown of -49.76%. Use the drawdown chart below to compare losses from any high point for M and PPT.
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Drawdown Indicators
| M | PPT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.95% | -49.76% | -42.19% |
Max Drawdown (1Y)Largest decline over 1 year | -28.61% | -5.05% | -23.56% |
Max Drawdown (3Y)Largest decline over 3 years | -51.33% | -9.10% | -42.23% |
Max Drawdown (5Y)Largest decline over 5 years | -69.65% | -18.92% | -50.73% |
Max Drawdown (10Y)Largest decline over 10 years | -87.79% | -31.79% | -56.00% |
Current DrawdownCurrent decline from peak | -45.61% | -3.62% | -41.99% |
Average DrawdownAverage peak-to-trough decline | -34.61% | -11.23% | -23.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.79% | 2.18% | +9.61% |
Volatility
M vs. PPT - Volatility Comparison
Macy's, Inc. (M) has a higher volatility of 14.88% compared to Putnam Premier Income Trust (PPT) at 2.25%. This indicates that M's price experiences larger fluctuations and is considered to be riskier than PPT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| M | PPT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.88% | 2.25% | +12.63% |
Volatility (6M)Calculated over the trailing 6-month period | 29.42% | 6.99% | +22.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.25% | 9.36% | +36.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 54.14% | 11.96% | +42.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 56.19% | 14.45% | +41.74% |
Dividends
M vs. PPT - Dividend Comparison
M's dividend yield for the trailing twelve months is around 3.03%, less than PPT's 9.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
M Macy's, Inc. | 3.03% | 3.31% | 4.10% | 3.29% | 3.05% | 1.15% | 3.36% | 8.88% | 5.07% | 5.99% | 4.17% | 3.98% |
PPT Putnam Premier Income Trust | 9.07% | 8.81% | 8.76% | 8.74% | 8.60% | 7.31% | 8.84% | 7.73% | 6.84% | 5.85% | 6.28% | 6.30% |
Frequently Asked Questions
M and PPT have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
M has higher volatility (14.88%) compared to PPT (2.25%). In terms of maximum drawdown, M dropped -91.95% vs PPT's -49.76%.
M currently has the higher Sharpe Ratio (2.79 vs 0.18), 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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