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 0.23, 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
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Key characteristics
PMM:
0.35
MLPR:
0.47
PMM:
0.56
MLPR:
0.74
PMM:
1.07
MLPR:
1.10
PMM:
0.18
MLPR:
0.54
PMM:
1.08
MLPR:
1.88
PMM:
3.89%
MLPR:
7.08%
PMM:
12.12%
MLPR:
31.48%
PMM:
-38.66%
MLPR:
-48.98%
PMM:
-20.21%
MLPR:
-13.54%
Returns By Period
In the year-to-date period, PMM achieves a 1.74% return, which is significantly lower than MLPR's 4.20% return.
PMM
1.74%
2.64%
-2.52%
4.20%
2.28%
3.27%
MLPR
4.20%
8.93%
7.10%
14.52%
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.
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Dividends
PMM vs. MLPR - Dividend Comparison
PMM's dividend yield for the trailing twelve months is around 4.78%, less than MLPR's 10.44% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMM Putnam Managed Municipal Income Trust | 4.78% | 4.78% | 5.10% | 6.11% | 4.38% | 4.76% | 4.81% | 5.42% | 5.38% | 6.09% | 5.92% | 6.22% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 10.44% | 9.57% | 10.08% | 10.07% | 10.69% | 0.00% | 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 -38.66%, 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.
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Volatility
PMM vs. MLPR - Volatility Comparison
The current volatility for Putnam Managed Municipal Income Trust (PMM) is 3.95%, while ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a volatility of 10.69%. 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.
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