PMT vs. QQQX
Compare and contrast key facts about PennyMac Mortgage Investment Trust (PMT) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PMT or QQQX.
Key characteristics
| PMT | QQQX | |
|---|---|---|
| YTD Return | -3.85% | 19.43% |
| 1Y Return | 9.33% | 27.26% |
| 3Y Return (Ann) | 0.56% | 2.57% |
| 5Y Return (Ann) | 0.35% | 9.49% |
| 10Y Return (Ann) | 6.29% | 10.02% |
| Sharpe Ratio | 0.38 | 1.92 |
| Sortino Ratio | 0.62 | 2.61 |
| Omega Ratio | 1.09 | 1.34 |
| Calmar Ratio | 0.61 | 1.55 |
| Martin Ratio | 1.28 | 9.51 |
| Ulcer Index | 6.90% | 2.87% |
| Daily Std Dev | 23.49% | 14.18% |
| Max Drawdown | -75.90% | -57.25% |
| Current Drawdown | -8.79% | -0.15% |
Fundamentals
| PMT | QQQX |
|---|
Correlation
The correlation between PMT and QQQX is 0.37, 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.
Performance
PMT vs. QQQX - Performance Comparison
In the year-to-date period, PMT achieves a -3.85% return, which is significantly lower than QQQX's 19.43% return. Over the past 10 years, PMT has underperformed QQQX with an annualized return of 6.29%, while QQQX has yielded a comparatively higher 10.02% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
PMT vs. QQQX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for PennyMac Mortgage Investment Trust (PMT) and Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX). 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.
Dividends
PMT vs. QQQX - Dividend Comparison
PMT's dividend yield for the trailing twelve months is around 12.12%, more than QQQX's 6.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMT PennyMac Mortgage Investment Trust | 12.12% | 10.70% | 14.61% | 10.85% | 8.64% | 8.43% | 10.10% | 11.70% | 11.48% | 14.15% | 14.18% | 9.93% |
QQQX Nuveen Nasdaq 100 Dynamic Overwrite Fund | 6.40% | 7.26% | 9.65% | 5.86% | 6.00% | 6.49% | 8.40% | 5.95% | 7.54% | 7.23% | 7.07% | 6.79% |
Drawdowns
PMT vs. QQQX - Drawdown Comparison
The maximum PMT drawdown since its inception was -75.90%, which is greater than QQQX's maximum drawdown of -57.25%. Use the drawdown chart below to compare losses from any high point for PMT and QQQX. For additional features, visit the drawdowns tool.
Volatility
PMT vs. QQQX - Volatility Comparison
PennyMac Mortgage Investment Trust (PMT) has a higher volatility of 4.92% compared to Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX) at 3.63%. This indicates that PMT's price experiences larger fluctuations and is considered to be riskier than QQQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Financials
PMT vs. QQQX - Financials Comparison
This section allows you to compare key financial metrics between PennyMac Mortgage Investment Trust and Nuveen Nasdaq 100 Dynamic Overwrite Fund. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities