PMOTX vs. SGOV
Compare and contrast key facts about Putnam Mortgage Opportunities Fund (PMOTX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
PMOTX is managed by Putnam. It was launched on Apr 6, 2015. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Securities Index. It was launched on May 26, 2020.
Performance
PMOTX vs. SGOV - Performance Comparison
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PMOTX vs. SGOV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PMOTX Putnam Mortgage Opportunities Fund | 2.63% | 3.83% | 10.08% | 6.71% | 4.33% | -3.63% | 7.85% |
SGOV iShares 0-3 Month Treasury Bond ETF | 0.88% | 4.24% | 5.27% | 5.12% | 1.58% | 0.04% | 0.05% |
Returns By Period
In the year-to-date period, PMOTX achieves a 2.63% return, which is significantly higher than SGOV's 0.88% 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%
SGOV
- 1D
- 0.02%
- 1M
- 0.30%
- YTD
- 0.88%
- 6M
- 1.89%
- 1Y
- 4.07%
- 3Y*
- 4.80%
- 5Y*
- 3.41%
- 10Y*
- —
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PMOTX vs. SGOV - Expense Ratio Comparison
PMOTX has a 0.47% expense ratio, which is higher than SGOV's 0.09% expense ratio.
Return for Risk
PMOTX vs. SGOV — Risk / Return Rank
PMOTX
SGOV
PMOTX vs. SGOV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Mortgage Opportunities Fund (PMOTX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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 | SGOV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.62 | 20.61 | -18.99 |
Sortino ratioReturn per unit of downside risk | 2.18 | 283.87 | -281.69 |
Omega ratioGain probability vs. loss probability | 1.37 | 201.33 | -199.96 |
Calmar ratioReturn relative to maximum drawdown | 3.47 | 411.31 | -407.84 |
Martin ratioReturn relative to average drawdown | 10.80 | 4,618.08 | -4,607.29 |
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 | SGOV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.62 | 20.61 | -18.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.18 | 14.12 | -12.94 |
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 | 12.34 | -11.52 |
Correlation
The correlation between PMOTX and SGOV is 0.08, 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. SGOV - Dividend Comparison
PMOTX's dividend yield for the trailing twelve months is around 4.23%, more than SGOV's 3.95% 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% |
SGOV iShares 0-3 Month Treasury Bond ETF | 3.95% | 4.10% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% |
Drawdowns
PMOTX vs. SGOV - Drawdown Comparison
The maximum PMOTX drawdown since its inception was -17.57%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for PMOTX and SGOV.
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Drawdown Indicators
| PMOTX | SGOV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.57% | -0.03% | -17.54% |
Max Drawdown (1Y)Largest decline over 1 year | -1.56% | -0.01% | -1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -6.67% | -0.03% | -6.64% |
Max Drawdown (10Y)Largest decline over 10 years | -17.57% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -3.04% | 0.00% | -3.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.50% | 0.00% | +0.50% |
Volatility
PMOTX vs. SGOV - Volatility Comparison
Putnam Mortgage Opportunities Fund (PMOTX) has a higher volatility of 1.13% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that PMOTX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PMOTX | SGOV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.13% | 0.06% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.46% | 0.13% | +2.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.22% | 0.20% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.52% | 0.24% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.72% | 0.24% | +4.48% |