PMOTX vs. NTIIX
Compare and contrast key facts about Putnam Mortgage Opportunities Fund (PMOTX) and Navigator Tactical Investment Grade Bond Fund (NTIIX).
PMOTX is managed by Putnam. It was launched on Apr 6, 2015. NTIIX is managed by Navigator Funds. It was launched on Aug 30, 2021.
Performance
PMOTX vs. NTIIX - Performance Comparison
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PMOTX vs. NTIIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PMOTX Putnam Mortgage Opportunities Fund | 2.63% | 3.83% | 10.08% | 6.71% | 4.33% | -2.67% |
NTIIX Navigator Tactical Investment Grade Bond Fund | -1.45% | 2.16% | -0.85% | 9.79% | -6.51% | -2.29% |
Returns By Period
In the year-to-date period, PMOTX achieves a 2.63% return, which is significantly higher than NTIIX's -1.45% 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%
NTIIX
- 1D
- 0.60%
- 1M
- -2.77%
- YTD
- -1.45%
- 6M
- -0.85%
- 1Y
- 0.46%
- 3Y*
- 2.83%
- 5Y*
- —
- 10Y*
- —
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PMOTX vs. NTIIX - Expense Ratio Comparison
PMOTX has a 0.47% expense ratio, which is lower than NTIIX's 1.01% expense ratio.
Return for Risk
PMOTX vs. NTIIX — Risk / Return Rank
PMOTX
NTIIX
PMOTX vs. NTIIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Mortgage Opportunities Fund (PMOTX) and Navigator Tactical Investment Grade Bond Fund (NTIIX). 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 | NTIIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 0.10 | +1.52 |
Sortino ratioReturn per unit of downside risk | 2.18 | 0.16 | +2.02 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.02 | +0.34 |
Calmar ratioReturn relative to maximum drawdown | 3.47 | 0.21 | +3.25 |
Martin ratioReturn relative to average drawdown | 10.80 | 0.53 | +10.26 |
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 | NTIIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 0.10 | +1.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.92 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.01 | +0.82 |
Correlation
The correlation between PMOTX and NTIIX is -0.00. 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. NTIIX - Dividend Comparison
PMOTX's dividend yield for the trailing twelve months is around 4.23%, less than NTIIX's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
NTIIX Navigator Tactical Investment Grade Bond Fund | 4.30% | 4.07% | 4.24% | 3.85% | 1.63% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PMOTX vs. NTIIX - Drawdown Comparison
The maximum PMOTX drawdown since its inception was -17.57%, which is greater than NTIIX's maximum drawdown of -12.35%. Use the drawdown chart below to compare losses from any high point for PMOTX and NTIIX.
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Drawdown Indicators
| PMOTX | NTIIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.57% | -12.35% | -5.22% |
Max Drawdown (1Y)Largest decline over 1 year | -1.56% | -4.77% | +3.21% |
Max Drawdown (5Y)Largest decline over 5 years | -6.67% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -17.57% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.03% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -3.04% | -5.22% | +2.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 1.91% | -1.41% |
Volatility
PMOTX vs. NTIIX - Volatility Comparison
The current volatility for Putnam Mortgage Opportunities Fund (PMOTX) is 1.13%, while Navigator Tactical Investment Grade Bond Fund (NTIIX) has a volatility of 1.95%. This indicates that PMOTX experiences smaller price fluctuations and is considered to be less risky than NTIIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMOTX | NTIIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 1.95% | -0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 2.93% | -0.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 4.77% | -1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.52% | 5.08% | -1.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 5.08% | -0.36% |