PMO vs. MUNI
Compare and contrast key facts about Putnam Municipal Opportunities Trust (PMO) and PIMCO Intermediate Municipal Bond Active ETF (MUNI).
MUNI is an actively managed fund by PIMCO. It was launched on Nov 30, 2009.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMO or MUNI.
Key characteristics
| PMO | MUNI | |
|---|---|---|
| YTD Return | 5.88% | 1.36% |
| 1Y Return | 10.72% | 6.38% |
| 3Y Return (Ann) | -4.93% | 0.38% |
| 5Y Return (Ann) | 0.62% | 1.41% |
| 10Y Return (Ann) | 4.04% | 2.21% |
| Sharpe Ratio | 1.04 | 1.95 |
| Sortino Ratio | 1.49 | 2.92 |
| Omega Ratio | 1.19 | 1.41 |
| Calmar Ratio | 0.39 | 1.10 |
| Martin Ratio | 3.66 | 9.25 |
| Ulcer Index | 2.90% | 0.70% |
| Daily Std Dev | 10.15% | 3.30% |
| Max Drawdown | -36.46% | -11.15% |
| Current Drawdown | -19.43% | -1.49% |
Correlation
The correlation between PMO and MUNI is 0.27, 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
PMO vs. MUNI - Performance Comparison
In the year-to-date period, PMO achieves a 5.88% return, which is significantly higher than MUNI's 1.36% return. Over the past 10 years, PMO has outperformed MUNI with an annualized return of 4.04%, while MUNI has yielded a comparatively lower 2.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PMO vs. MUNI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Municipal Opportunities Trust (PMO) and PIMCO Intermediate Municipal Bond Active ETF (MUNI). 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
PMO vs. MUNI - Dividend Comparison
PMO's dividend yield for the trailing twelve months is around 4.01%, which matches MUNI's 4.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMO Putnam Municipal Opportunities Trust | 4.01% | 4.63% | 5.86% | 4.42% | 5.62% | 4.84% | 5.53% | 5.25% | 5.92% | 5.86% | 6.01% | 6.35% |
MUNI PIMCO Intermediate Municipal Bond Active ETF | 4.03% | 3.63% | 2.13% | 1.62% | 1.92% | 2.44% | 2.57% | 2.37% | 2.37% | 2.20% | 1.91% | 2.30% |
Drawdowns
PMO vs. MUNI - Drawdown Comparison
The maximum PMO drawdown since its inception was -36.46%, which is greater than MUNI's maximum drawdown of -11.15%. Use the drawdown chart below to compare losses from any high point for PMO and MUNI. For additional features, visit the drawdowns tool.
Volatility
PMO vs. MUNI - Volatility Comparison
Putnam Municipal Opportunities Trust (PMO) has a higher volatility of 4.10% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.60%. This indicates that PMO's price experiences larger fluctuations and is considered to be riskier than MUNI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.