NTIIX vs. PMOTX
NTIIX (Navigator Tactical Investment Grade Bond Fund) and PMOTX (Putnam Mortgage Opportunities Fund) are both Nontraditional Bonds funds. Over the past 3 years, NTIIX returned 3.45%/yr vs 8.31%/yr for PMOTX. At a correlation of -0.00, they often move in opposite directions. NTIIX charges 1.01%/yr vs 0.47%/yr for PMOTX.
Performance
NTIIX vs. PMOTX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NTIIX achieves a -0.88% return, which is significantly lower than PMOTX's 5.26% return.
NTIIX
- 1D
- 0.00%
- 1M
- 0.12%
- YTD
- -0.88%
- 6M
- -0.66%
- 1Y
- 2.88%
- 3Y*
- 3.45%
- 5Y*
- —
- 10Y*
- —
PMOTX
- 1D
- 0.22%
- 1M
- 1.47%
- YTD
- 5.26%
- 6M
- 3.85%
- 1Y
- 6.64%
- 3Y*
- 8.31%
- 5Y*
- 5.06%
- 10Y*
- 4.46%
NTIIX vs. PMOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NTIIX Navigator Tactical Investment Grade Bond Fund | -0.88% | 2.16% | -0.85% | 9.79% | -6.51% | -2.29% |
PMOTX Putnam Mortgage Opportunities Fund | 5.26% | 3.83% | 10.08% | 6.71% | 4.33% | -2.67% |
Correlation
The correlation between NTIIX and PMOTX is 0.09, 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 | 0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (All Time) Calculated using the full available price history since Aug 31, 2021 | -0.00 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NTIIX vs. PMOTX — Risk / Return Rank
NTIIX
PMOTX
NTIIX vs. PMOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Navigator Tactical Investment Grade Bond Fund (NTIIX) 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.
| NTIIX | PMOTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.26 | ||
| Sortino ratioReturn per unit of downside risk | -1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.53 | -0.35 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 4.21 | -3.24 |
| Martin ratioReturn relative to average drawdown | 2.23 | 13.88 | -11.65 |
Loading charts...
Drawdowns
NTIIX vs. PMOTX - Drawdown Comparison
The maximum NTIIX drawdown since its inception was -12.35%, smaller than the maximum PMOTX drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for NTIIX and PMOTX.
Loading charts...
Drawdown Indicators
| NTIIX | PMOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.35% | -17.57% | +5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -3.35% | -1.56% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -8.52% | -1.77% | -6.75% |
Max Drawdown (5Y)Largest decline over 5 years | — | -4.24% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.57% | — |
Current DrawdownCurrent decline from peak | -3.48% | 0.00% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -5.14% | -2.98% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.45% | 0.47% | +0.98% |
Volatility
NTIIX vs. PMOTX - Volatility Comparison
The current volatility for Navigator Tactical Investment Grade Bond Fund (NTIIX) is 0.16%, while Putnam Mortgage Opportunities Fund (PMOTX) has a volatility of 1.18%. This indicates that NTIIX experiences smaller price fluctuations and is considered to be less risky than PMOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| NTIIX | PMOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.16% | 1.18% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 2.44% | 2.54% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.79% | 3.11% | +0.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.96% | 3.48% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.96% | 4.73% | +0.23% |
NTIIX vs. PMOTX - Expense Ratio Comparison
NTIIX has a 1.01% expense ratio, which is higher than PMOTX's 0.47% expense ratio.
Dividends
NTIIX vs. PMOTX - Dividend Comparison
NTIIX's dividend yield for the trailing twelve months is around 4.27%, more than PMOTX's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
NTIIX Navigator Tactical Investment Grade Bond Fund | 4.27% | 4.07% | 4.24% | 3.85% | 1.63% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
PMOTX Putnam Mortgage Opportunities Fund | 3.69% | 4.26% | 6.11% | 7.73% | 5.17% | 4.72% | 3.64% | 6.83% | 5.94% | 0.77% |
Frequently Asked Questions
NTIIX and PMOTX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMOTX has higher volatility (1.18%) compared to NTIIX (0.16%). In terms of maximum drawdown, NTIIX dropped -12.35% vs PMOTX's -17.57%.
PMOTX currently has the higher Sharpe Ratio (2.12 vs 0.86), 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.
Find the right allocation for NTIIX and PMOTX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer