PGSIX vs. ETV
Compare and contrast key facts about Putnam Mortgage Securities Fund (PGSIX) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV).
PGSIX is managed by Putnam. It was launched on Feb 8, 1984.
Performance
PGSIX vs. ETV - Performance Comparison
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PGSIX vs. ETV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PGSIX Putnam Mortgage Securities Fund | 1.26% | 9.36% | 3.52% | 3.66% | -10.79% | -4.31% | -0.73% | 12.39% | -0.79% | 0.82% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | -1.81% | 8.63% | 27.67% | 9.94% | -19.73% | 18.41% | 13.03% | 21.25% | -4.29% | 12.98% |
Returns By Period
In the year-to-date period, PGSIX achieves a 1.26% return, which is significantly higher than ETV's -1.81% return. Over the past 10 years, PGSIX has underperformed ETV with an annualized return of 1.39%, while ETV has yielded a comparatively higher 8.51% annualized return.
PGSIX
- 1D
- 0.38%
- 1M
- -1.24%
- YTD
- 1.26%
- 6M
- 2.71%
- 1Y
- 6.13%
- 3Y*
- 5.95%
- 5Y*
- -0.05%
- 10Y*
- 1.39%
ETV
- 1D
- 1.02%
- 1M
- -5.32%
- YTD
- -1.81%
- 6M
- 1.04%
- 1Y
- 13.72%
- 3Y*
- 12.50%
- 5Y*
- 6.66%
- 10Y*
- 8.51%
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Return for Risk
PGSIX vs. ETV — Risk / Return Rank
PGSIX
ETV
PGSIX vs. ETV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Mortgage Securities Fund (PGSIX) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). 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.
| PGSIX | ETV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 0.71 | +0.46 |
Sortino ratioReturn per unit of downside risk | 1.64 | 1.12 | +0.52 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.17 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.84 | 1.04 | +0.80 |
Martin ratioReturn relative to average drawdown | 5.63 | 5.24 | +0.39 |
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
| PGSIX | ETV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 0.71 | +0.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.40 | -0.40 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.44 | -0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.41 | +0.43 |
Correlation
The correlation between PGSIX and ETV is 0.05, 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
PGSIX vs. ETV - Dividend Comparison
PGSIX's dividend yield for the trailing twelve months is around 5.14%, less than ETV's 8.63% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGSIX Putnam Mortgage Securities Fund | 5.14% | 5.67% | 16.88% | 8.38% | 12.83% | 4.30% | 4.21% | 4.50% | 3.94% | 3.10% | 2.92% | 2.51% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.63% | 8.30% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.69% |
Drawdowns
PGSIX vs. ETV - Drawdown Comparison
The maximum PGSIX drawdown since its inception was -22.28%, smaller than the maximum ETV drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for PGSIX and ETV.
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Drawdown Indicators
| PGSIX | ETV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.28% | -52.11% | +29.83% |
Max Drawdown (1Y)Largest decline over 1 year | -3.85% | -13.37% | +9.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.57% | -22.71% | +1.14% |
Max Drawdown (10Y)Largest decline over 10 years | -22.28% | -42.39% | +20.11% |
Current DrawdownCurrent decline from peak | -1.49% | -5.84% | +4.35% |
Average DrawdownAverage peak-to-trough decline | -2.62% | -5.61% | +2.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.26% | 2.65% | -1.39% |
Volatility
PGSIX vs. ETV - Volatility Comparison
The current volatility for Putnam Mortgage Securities Fund (PGSIX) is 1.96%, while Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has a volatility of 6.71%. This indicates that PGSIX experiences smaller price fluctuations and is considered to be less risky than ETV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PGSIX | ETV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.96% | 6.71% | -4.75% |
Volatility (6M)Calculated over the trailing 6-month period | 3.45% | 10.12% | -6.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.95% | 19.36% | -13.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.96% | 16.85% | -9.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.91% | 19.32% | -13.41% |