PPT vs. JMM
PPT (Putnam Premier Income Trust) and JMM (Nuveen Multi-Market Income Fund) are both Multisector Bonds funds. Over the past 10 years, PPT returned 4.97%/yr vs 3.45%/yr for JMM. At 0.12, their price movements are largely independent.
Performance
PPT vs. JMM - Performance Comparison
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Returns By Period
In the year-to-date period, PPT achieves a 1.92% return, which is significantly higher than JMM's -0.32% return. Over the past 10 years, PPT has outperformed JMM with an annualized return of 4.97%, while JMM has yielded a comparatively lower 3.45% annualized return.
PPT
- 1D
- 0.00%
- 1M
- 1.03%
- YTD
- 1.92%
- 6M
- 0.46%
- 1Y
- 10.26%
- 3Y*
- 9.03%
- 5Y*
- 2.47%
- 10Y*
- 4.97%
JMM
- 1D
- -1.25%
- 1M
- 1.26%
- YTD
- -0.32%
- 6M
- -2.45%
- 1Y
- 8.09%
- 3Y*
- 6.60%
- 5Y*
- 1.40%
- 10Y*
- 3.45%
PPT vs. JMM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPT Putnam Premier Income Trust | 1.92% | 8.39% | 8.80% | 7.43% | -7.75% | -1.72% | -6.54% | 25.53% | -6.36% | 13.78% |
JMM Nuveen Multi-Market Income Fund | -0.32% | 5.61% | 8.15% | 6.57% | -17.95% | 10.53% | 1.77% | 13.56% | -5.37% | 10.58% |
Correlation
The correlation between PPT and JMM is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 1989 | 0.12 |
The correlation between PPT and JMM shifts across timeframes, from 0.12 (all time) to 0.27 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PPT vs. JMM — Risk / Return Rank
PPT
JMM
PPT vs. JMM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Premier Income Trust (PPT) and Nuveen Multi-Market Income Fund (JMM). 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.
| PPT | JMM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.44 | +0.59 |
Sortino ratioReturn per unit of downside risk | 1.61 | 0.74 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.09 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.58 | +1.32 |
Martin ratioReturn relative to average drawdown | 5.37 | 1.62 | +3.75 |
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
| PPT | JMM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.44 | +0.59 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.11 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.25 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.18 | -0.01 |
Drawdowns
PPT vs. JMM - Drawdown Comparison
The maximum PPT drawdown since its inception was -49.76%, roughly equal to the maximum JMM drawdown of -48.15%. Use the drawdown chart below to compare losses from any high point for PPT and JMM.
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Drawdown Indicators
| PPT | JMM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.76% | -48.15% | -1.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.05% | -8.28% | +3.23% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -24.19% | +5.27% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | -26.48% | -5.31% |
Current DrawdownCurrent decline from peak | -2.57% | -5.33% | +2.76% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -14.13% | +2.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.99% | -1.20% |
Volatility
PPT vs. JMM - Volatility Comparison
The current volatility for Putnam Premier Income Trust (PPT) is 4.40%, while Nuveen Multi-Market Income Fund (JMM) has a volatility of 5.45%. This indicates that PPT experiences smaller price fluctuations and is considered to be less risky than JMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPT | JMM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 5.45% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 8.21% | -0.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.35% | 13.77% | -3.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 13.33% | -1.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 13.90% | +0.57% |
Dividends
PPT vs. JMM - Dividend Comparison
PPT's dividend yield for the trailing twelve months is around 8.84%, more than JMM's 5.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PPT Putnam Premier Income Trust | 8.84% | 8.81% | 8.76% | 8.74% | 8.60% | 7.31% | 8.84% | 7.73% | 6.84% | 5.85% | 6.28% | 6.30% |
JMM Nuveen Multi-Market Income Fund | 5.86% | 5.76% | 5.48% | 5.58% | 6.13% | 4.60% | 4.49% | 4.86% | 5.34% | 5.63% | 6.19% | 6.76% |