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PMTGX vs. ETV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

Performance

PMTGX vs. ETV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PIA MBS Bond Fund (PMTGX) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). The values are adjusted to include any dividend payments, if applicable.

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PMTGX vs. ETV - Yearly Performance Comparison


2026 (YTD)202520242023202220212020201920182017
PMTGX
PIA MBS Bond Fund
-0.09%7.83%0.96%4.73%-11.37%-1.18%3.85%6.02%0.76%2.35%
ETV
Eaton Vance Tax-Managed Buy-Write Opportunities Fund
-1.81%8.63%27.67%9.94%-19.73%18.41%13.03%21.25%-4.29%12.98%

Returns By Period

In the year-to-date period, PMTGX achieves a -0.09% return, which is significantly higher than ETV's -1.81% return. Over the past 10 years, PMTGX has underperformed ETV with an annualized return of 1.21%, while ETV has yielded a comparatively higher 8.51% annualized return.


PMTGX

1D
0.24%
1M
-1.77%
YTD
-0.09%
6M
1.29%
1Y
4.36%
3Y*
3.65%
5Y*
0.24%
10Y*
1.21%

ETV

1D
1.02%
1M
-5.32%
YTD
-1.81%
6M
1.04%
1Y
13.72%
3Y*
12.50%
5Y*
6.66%
10Y*
8.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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Return for Risk

PMTGX vs. ETV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PMTGX
PMTGX Risk / Return Rank: 4242
Overall Rank
PMTGX Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
PMTGX Sortino Ratio Rank: 4444
Sortino Ratio Rank
PMTGX Omega Ratio Rank: 3333
Omega Ratio Rank
PMTGX Calmar Ratio Rank: 5757
Calmar Ratio Rank
PMTGX Martin Ratio Rank: 3333
Martin Ratio Rank

ETV
ETV Risk / Return Rank: 6565
Overall Rank
ETV Sharpe Ratio Rank: 6666
Sharpe Ratio Rank
ETV Sortino Ratio Rank: 5858
Sortino Ratio Rank
ETV Omega Ratio Rank: 6262
Omega Ratio Rank
ETV Calmar Ratio Rank: 6363
Calmar Ratio Rank
ETV Martin Ratio Rank: 7777
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PMTGX vs. ETV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PIA MBS Bond Fund (PMTGX) and Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV). 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.


PMTGXETVDifference

Sharpe ratio

Return per unit of total volatility

1.01

0.71

+0.30

Sortino ratio

Return per unit of downside risk

1.47

1.12

+0.35

Omega ratio

Gain probability vs. loss probability

1.18

1.17

+0.01

Calmar ratio

Return relative to maximum drawdown

1.60

1.04

+0.56

Martin ratio

Return relative to average drawdown

4.30

5.24

-0.94

PMTGX vs. ETV - Sharpe Ratio Comparison

The current PMTGX Sharpe Ratio is 1.01, which is higher than the ETV Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of PMTGX and ETV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Sharpe Ratios by Period


PMTGXETVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.01

0.71

+0.30

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.04

0.40

-0.36

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.26

0.44

-0.18

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.41

+0.32

Correlation

The correlation between PMTGX and ETV is -0.05. 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

PMTGX vs. ETV - Dividend Comparison

PMTGX's dividend yield for the trailing twelve months is around 3.78%, less than ETV's 8.63% yield.


TTM20252024202320222021202020192018201720162015
PMTGX
PIA MBS Bond Fund
3.78%4.10%4.16%3.48%2.17%0.79%2.12%2.96%2.76%2.75%2.96%2.79%
ETV
Eaton Vance Tax-Managed Buy-Write Opportunities Fund
8.63%8.30%8.18%9.24%10.57%7.94%8.66%8.89%9.86%8.65%8.96%8.69%

Drawdowns

PMTGX vs. ETV - Drawdown Comparison

The maximum PMTGX drawdown since its inception was -17.09%, smaller than the maximum ETV drawdown of -52.11%. Use the drawdown chart below to compare losses from any high point for PMTGX and ETV.


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Drawdown Indicators


PMTGXETVDifference

Max Drawdown

Largest peak-to-trough decline

-17.09%

-52.11%

+35.02%

Max Drawdown (1Y)

Largest decline over 1 year

-3.13%

-13.37%

+10.24%

Max Drawdown (5Y)

Largest decline over 5 years

-16.86%

-22.71%

+5.85%

Max Drawdown (10Y)

Largest decline over 10 years

-17.09%

-42.39%

+25.30%

Current Drawdown

Current decline from peak

-2.23%

-5.84%

+3.61%

Average Drawdown

Average peak-to-trough decline

-2.13%

-5.61%

+3.48%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.16%

2.65%

-1.49%

Volatility

PMTGX vs. ETV - Volatility Comparison

The current volatility for PIA MBS Bond Fund (PMTGX) is 1.79%, while Eaton Vance Tax-Managed Buy-Write Opportunities Fund (ETV) has a volatility of 6.71%. This indicates that PMTGX experiences smaller price fluctuations and is considered to be less risky than ETV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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Volatility by Period


PMTGXETVDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.79%

6.71%

-4.92%

Volatility (6M)

Calculated over the trailing 6-month period

2.83%

10.12%

-7.29%

Volatility (1Y)

Calculated over the trailing 1-year period

4.94%

19.36%

-14.42%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.22%

16.85%

-10.63%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.72%

19.32%

-14.60%