PMM vs. PMO
Compare and contrast key facts about Putnam Managed Municipal Income Trust (PMM) and Putnam Municipal Opportunities Trust (PMO).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMM or PMO.
Correlation
The correlation between PMM and PMO is 0.38, 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. PMO - Performance Comparison
Key characteristics
PMM:
0.25
PMO:
0.26
PMM:
0.44
PMO:
0.41
PMM:
1.05
PMO:
1.05
PMM:
0.11
PMO:
0.09
PMM:
1.05
PMO:
0.81
PMM:
2.76%
PMO:
3.01%
PMM:
11.36%
PMO:
9.58%
PMM:
-38.70%
PMO:
-36.47%
PMM:
-20.79%
PMO:
-21.10%
Fundamentals
PMM:
$284.04M
PMO:
$322.09M
PMM:
$0.58
PMO:
$0.59
PMM:
10.71
PMO:
17.58
PMM:
0.00
PMO:
0.00
PMM:
$7.72M
PMO:
$9.27M
PMM:
$6.67M
PMO:
$8.09M
PMM:
$48.73M
PMO:
$52.57M
Returns By Period
The year-to-date returns for both stocks are quite close, with PMM having a 3.84% return and PMO slightly lower at 3.71%. Both investments have delivered pretty close results over the past 10 years, with PMM having a 3.51% annualized return and PMO not far ahead at 3.63%.
PMM
3.84%
-1.56%
-0.97%
4.70%
-0.63%
3.51%
PMO
3.71%
-1.30%
2.43%
3.30%
-0.22%
3.63%
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Risk-Adjusted Performance
PMM vs. PMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Managed Municipal Income Trust (PMM) and Putnam Municipal Opportunities Trust (PMO). 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. PMO - Dividend Comparison
PMM's dividend yield for the trailing twelve months is around 4.36%, more than PMO's 3.77% 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% |
PMO Putnam Municipal Opportunities Trust | 3.77% | 4.63% | 5.86% | 4.42% | 5.62% | 4.84% | 5.53% | 5.25% | 5.92% | 5.86% | 6.01% | 6.35% |
Drawdowns
PMM vs. PMO - Drawdown Comparison
The maximum PMM drawdown since its inception was -38.70%, which is greater than PMO's maximum drawdown of -36.47%. Use the drawdown chart below to compare losses from any high point for PMM and PMO. For additional features, visit the drawdowns tool.
Volatility
PMM vs. PMO - Volatility Comparison
Putnam Managed Municipal Income Trust (PMM) and Putnam Municipal Opportunities Trust (PMO) have volatilities of 4.30% and 4.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Financials
PMM vs. PMO - Financials Comparison
This section allows you to compare key financial metrics between Putnam Managed Municipal Income Trust and Putnam Municipal Opportunities Trust. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities