PMOTX vs. GMODX
Compare and contrast key facts about Putnam Mortgage Opportunities Fund (PMOTX) and GMO Opportunistic Income Fund (GMODX).
PMOTX is managed by Putnam. It was launched on Apr 6, 2015. GMODX is managed by GMO. It was launched on Oct 2, 2011.
Performance
PMOTX vs. GMODX - Performance Comparison
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PMOTX vs. GMODX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PMOTX Putnam Mortgage Opportunities Fund | 2.63% | 3.83% | 10.08% | 6.71% | 4.33% | -3.63% | -6.27% | 12.02% | 3.12% | 6.13% |
GMODX GMO Opportunistic Income Fund | 0.74% | 6.47% | 6.11% | 7.07% | -2.09% | 2.83% | 3.34% | 3.83% | 4.01% | 6.41% |
Returns By Period
In the year-to-date period, PMOTX achieves a 2.63% return, which is significantly higher than GMODX's 0.74% return. Both investments have delivered pretty close results over the past 10 years, with PMOTX having a 4.33% annualized return and GMODX not far ahead at 4.36%.
PMOTX
- 1D
- 0.00%
- 1M
- 0.67%
- YTD
- 2.63%
- 6M
- 1.95%
- 1Y
- 4.94%
- 3Y*
- 7.85%
- 5Y*
- 4.12%
- 10Y*
- 4.33%
GMODX
- 1D
- -0.37%
- 1M
- -0.57%
- YTD
- 0.74%
- 6M
- 1.99%
- 1Y
- 4.96%
- 3Y*
- 6.18%
- 5Y*
- 3.87%
- 10Y*
- 4.36%
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PMOTX vs. GMODX - Expense Ratio Comparison
Both PMOTX and GMODX have an expense ratio of 0.47%.
Return for Risk
PMOTX vs. GMODX — Risk / Return Rank
PMOTX
GMODX
PMOTX vs. GMODX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Mortgage Opportunities Fund (PMOTX) and GMO Opportunistic Income Fund (GMODX). 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.
| PMOTX | GMODX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 3.01 | -1.39 |
Sortino ratioReturn per unit of downside risk | 2.18 | 4.91 | -2.73 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.69 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | 3.47 | 5.16 | -1.69 |
Martin ratioReturn relative to average drawdown | 10.80 | 23.65 | -12.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PMOTX | GMODX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 3.01 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 1.02 | +0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 1.44 | -0.52 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 1.38 | -0.56 |
Correlation
The correlation between PMOTX and GMODX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
PMOTX vs. GMODX - Dividend Comparison
PMOTX's dividend yield for the trailing twelve months is around 4.23%, less than GMODX's 5.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMOTX Putnam Mortgage Opportunities Fund | 4.23% | 4.26% | 6.11% | 7.73% | 5.17% | 4.72% | 3.64% | 6.83% | 5.94% | 0.77% | 0.00% | 0.00% |
GMODX GMO Opportunistic Income Fund | 5.03% | 4.99% | 5.28% | 6.17% | 5.44% | 2.10% | 4.15% | 5.69% | 4.35% | 2.66% | 2.55% | 1.71% |
Drawdowns
PMOTX vs. GMODX - Drawdown Comparison
The maximum PMOTX drawdown since its inception was -17.57%, which is greater than GMODX's maximum drawdown of -8.79%. Use the drawdown chart below to compare losses from any high point for PMOTX and GMODX.
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Drawdown Indicators
| PMOTX | GMODX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.57% | -8.79% | -8.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.56% | -0.98% | -0.58% |
Max Drawdown (5Y)Largest decline over 5 years | -6.67% | -5.79% | -0.88% |
Max Drawdown (10Y)Largest decline over 10 years | -17.57% | -8.79% | -8.78% |
Current DrawdownCurrent decline from peak | 0.00% | -0.73% | +0.73% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -0.71% | -2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.21% | +0.29% |
Volatility
PMOTX vs. GMODX - Volatility Comparison
Putnam Mortgage Opportunities Fund (PMOTX) has a higher volatility of 1.13% compared to GMO Opportunistic Income Fund (GMODX) at 0.58%. This indicates that PMOTX's price experiences larger fluctuations and is considered to be riskier than GMODX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMOTX | GMODX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.58% | +0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 1.11% | +1.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 1.68% | +1.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.52% | 3.83% | -0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 3.04% | +1.68% |