PMO vs. MUNI

In the year-to-date period, PMO achieves a 0.18% return, which is significantly higher than MUNI's -0.28% return. Over the past 10 years, PMO has outperformed MUNI with an annualized return of 3.40%, while MUNI has yielded a comparatively lower 2.13% annualized return.

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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.

The current PMO Sharpe Ratio is 0.38, which is higher than the MUNI Sharpe Ratio of 0.29. The chart below compares the historical Sharpe Ratios of PMO and MUNI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

PMO's dividend yield for the trailing twelve months is around 4.20%, more than MUNI's 3.45% yield.

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.

Putnam Municipal Opportunities Trust (PMO) has a higher volatility of 3.26% compared to PIMCO Intermediate Municipal Bond Active ETF (MUNI) at 1.30%. 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.