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 0.13, 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:
0.25
MLPR:
1.26
PMM:
0.44
MLPR:
1.81
PMM:
1.05
MLPR:
1.22
PMM:
0.11
MLPR:
2.11
PMM:
1.05
MLPR:
6.66
PMM:
2.76%
MLPR:
4.28%
PMM:
11.36%
MLPR:
22.69%
PMM:
-38.70%
MLPR:
-48.98%
PMM:
-20.79%
MLPR:
-12.17%
Returns By Period
In the year-to-date period, PMM achieves a 3.84% return, which is significantly lower than MLPR's 28.81% return.
PMM
3.84%
-1.56%
-0.97%
4.70%
-0.63%
3.51%
MLPR
28.81%
-3.75%
7.44%
27.86%
N/A
N/A
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Risk-Adjusted Performance
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 4.36%, less than MLPR's 9.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMM Putnam Managed Municipal Income Trust | 4.36% | 5.13% | 6.11% | 4.38% | 4.76% | 4.81% | 5.45% | 5.43% | 6.05% | 5.87% | 6.21% | 7.05% |
MLPR ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN | 9.78% | 10.08% | 10.07% | 10.69% | 4.21% | 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 -38.70%, 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 4.30%, while ETRACS Quarterly Pay 1.5x Leveraged Alerian MLP Index ETN (MLPR) has a volatility of 10.24%. 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.