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.
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PGSIX or ETV.
Performance
PGSIX vs. ETV - Performance Comparison
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Key characteristics
PGSIX:
1.04
ETV:
0.77
PGSIX:
1.49
ETV:
1.13
PGSIX:
1.19
ETV:
1.17
PGSIX:
0.50
ETV:
0.71
PGSIX:
3.31
ETV:
2.80
PGSIX:
2.11%
ETV:
5.17%
PGSIX:
6.64%
ETV:
20.08%
PGSIX:
-22.28%
ETV:
-52.11%
PGSIX:
-7.51%
ETV:
-4.44%
Returns By Period
In the year-to-date period, PGSIX achieves a 3.17% return, which is significantly higher than ETV's -2.03% return. Over the past 10 years, PGSIX has underperformed ETV with an annualized return of 0.56%, while ETV has yielded a comparatively higher 8.03% annualized return.
PGSIX
3.17%
-1.16%
1.67%
6.72%
1.65%
0.55%
0.56%
ETV
-2.03%
4.66%
-1.55%
13.87%
7.53%
8.92%
8.03%
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Risk-Adjusted Performance
PGSIX vs. ETV — Risk-Adjusted Performance Rank
PGSIX
ETV
PGSIX vs. ETV - Risk-Adjusted Performance 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.
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Dividends
PGSIX vs. ETV - Dividend Comparison
PGSIX's dividend yield for the trailing twelve months is around 16.37%, more than ETV's 8.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGSIX Putnam Mortgage Securities Fund | 16.37% | 17.72% | 8.38% | 12.83% | 4.30% | 4.21% | 4.50% | 3.94% | 3.10% | 2.92% | 2.51% | 1.86% |
ETV Eaton Vance Tax-Managed Buy-Write Opportunities Fund | 8.76% | 8.18% | 9.24% | 10.57% | 7.94% | 8.66% | 8.89% | 9.86% | 8.65% | 8.96% | 8.64% | 9.38% |
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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Volatility
PGSIX vs. ETV - Volatility Comparison
The current volatility for Putnam Mortgage Securities Fund (PGSIX) is 1.85%, while Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has a volatility of 4.26%. 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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