PMOTX vs. NSBDX
Compare and contrast key facts about Putnam Mortgage Opportunities Fund (PMOTX) and North Star Bond Fund (NSBDX).
PMOTX is managed by Putnam. It was launched on Apr 6, 2015. NSBDX is managed by North Star. It was launched on Dec 18, 2014.
Performance
PMOTX vs. NSBDX - Performance Comparison
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PMOTX vs. NSBDX - 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% |
NSBDX North Star Bond Fund | -0.22% | 3.67% | 5.17% | 6.07% | -7.23% | 2.84% | 0.71% | 9.36% | -3.50% | 3.03% |
Returns By Period
In the year-to-date period, PMOTX achieves a 2.63% return, which is significantly higher than NSBDX's -0.22% return. Over the past 10 years, PMOTX has outperformed NSBDX with an annualized return of 4.33%, while NSBDX has yielded a comparatively lower 2.32% annualized return.
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%
NSBDX
- 1D
- 0.23%
- 1M
- -1.50%
- YTD
- -0.22%
- 6M
- 0.16%
- 1Y
- 2.91%
- 3Y*
- 4.12%
- 5Y*
- 1.53%
- 10Y*
- 2.32%
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PMOTX vs. NSBDX - Expense Ratio Comparison
PMOTX has a 0.47% expense ratio, which is lower than NSBDX's 1.63% expense ratio.
Return for Risk
PMOTX vs. NSBDX — Risk / Return Rank
PMOTX
NSBDX
PMOTX vs. NSBDX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Mortgage Opportunities Fund (PMOTX) and North Star Bond Fund (NSBDX). 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 | NSBDX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 1.34 | +0.28 |
Sortino ratioReturn per unit of downside risk | 2.18 | 1.79 | +0.39 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.08 |
Calmar ratioReturn relative to maximum drawdown | 3.47 | 1.43 | +2.04 |
Martin ratioReturn relative to average drawdown | 10.80 | 5.95 | +4.84 |
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 | NSBDX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 1.34 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 0.57 | +0.60 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | 0.60 | +0.32 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.57 | +0.25 |
Correlation
The correlation between PMOTX and NSBDX is 0.16, 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.
Dividends
PMOTX vs. NSBDX - Dividend Comparison
PMOTX's dividend yield for the trailing twelve months is around 4.23%, more than NSBDX's 4.17% 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% |
NSBDX North Star Bond Fund | 4.17% | 3.72% | 4.48% | 3.45% | 2.49% | 2.72% | 3.23% | 3.34% | 3.50% | 3.61% | 2.98% | 2.86% |
Drawdowns
PMOTX vs. NSBDX - Drawdown Comparison
The maximum PMOTX drawdown since its inception was -17.57%, smaller than the maximum NSBDX drawdown of -18.75%. Use the drawdown chart below to compare losses from any high point for PMOTX and NSBDX.
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Drawdown Indicators
| PMOTX | NSBDX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.57% | -18.75% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.56% | -2.12% | +0.56% |
Max Drawdown (5Y)Largest decline over 5 years | -6.67% | -8.88% | +2.21% |
Max Drawdown (10Y)Largest decline over 10 years | -17.57% | -18.75% | +1.18% |
Current DrawdownCurrent decline from peak | 0.00% | -1.72% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -1.76% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.51% | -0.01% |
Volatility
PMOTX vs. NSBDX - Volatility Comparison
Putnam Mortgage Opportunities Fund (PMOTX) has a higher volatility of 1.13% compared to North Star Bond Fund (NSBDX) at 0.94%. This indicates that PMOTX's price experiences larger fluctuations and is considered to be riskier than NSBDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMOTX | NSBDX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.94% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 1.48% | +0.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 2.26% | +0.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.52% | 2.68% | +0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 3.90% | +0.82% |