PMM vs. MLPR
Compare and contrast key facts about Putnam Managed Municipal Income Trust (PMM) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR).
MLPR is a passively managed fund by UBS that tracks the performance of the Alerian MLP Index (150%). It was launched on Jun 2, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMM or MLPR.
Correlation
The correlation between PMM and MLPR is 0.14, 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
PMM vs. MLPR - Performance Comparison
Key characteristics
PMM:
0.40
MLPR:
2.10
PMM:
0.64
MLPR:
2.78
PMM:
1.08
MLPR:
1.35
PMM:
0.17
MLPR:
3.63
PMM:
1.32
MLPR:
10.34
PMM:
3.24%
MLPR:
4.74%
PMM:
10.63%
MLPR:
23.35%
PMM:
-38.70%
MLPR:
-48.98%
PMM:
-19.42%
MLPR:
0.00%
Returns By Period
In the year-to-date period, PMM achieves a 2.68% return, which is significantly lower than MLPR's 13.07% return.
PMM
2.68%
1.73%
1.17%
5.29%
-0.73%
3.50%
MLPR
13.07%
15.49%
14.64%
49.93%
N/A
N/A
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Risk-Adjusted Performance
PMM vs. MLPR — Risk-Adjusted Performance Rank
PMM
MLPR
PMM vs. MLPR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Managed Municipal Income Trust (PMM) and ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR). 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
PMM vs. MLPR - Dividend Comparison
PMM's dividend yield for the trailing twelve months is around 4.70%, less than MLPR's 8.91% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMM Putnam Managed Municipal Income Trust | 4.70% | 4.82% | 5.13% | 6.11% | 4.38% | 4.76% | 4.81% | 5.88% | 5.43% | 6.05% | 5.87% | 6.21% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 8.91% | 9.57% | 10.08% | 10.07% | 10.69% | 4.21% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PMM vs. MLPR - Drawdown Comparison
The maximum PMM drawdown since its inception was -38.70%, smaller than the maximum MLPR drawdown of -48.98%. Use the drawdown chart below to compare losses from any high point for PMM and MLPR. For additional features, visit the drawdowns tool.
Volatility
PMM vs. MLPR - Volatility Comparison
The current volatility for Putnam Managed Municipal Income Trust (PMM) is 3.60%, while ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a volatility of 9.29%. This indicates that PMM experiences smaller price fluctuations and is considered to be less risky than MLPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.