PPT vs. M
PPT (Putnam Premier Income Trust) is Multisector Bonds fund actively managed by Putnam Investments, while M (Macy's, Inc.) is a stock. Over the past 10 years, PPT returned 4.57%/yr vs 1.41%/yr for M. At a 0.10 correlation, their price movements are largely independent.
Performance
PPT vs. M - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PPT achieves a 0.81% return, which is significantly lower than M's 14.05% return. Over the past 10 years, PPT has outperformed M with an annualized return of 4.57%, while M has yielded a comparatively lower 1.41% annualized return.
PPT
- 1D
- 0.29%
- 1M
- 0.47%
- YTD
- 0.81%
- 6M
- 1.85%
- 1Y
- 2.23%
- 3Y*
- 7.60%
- 5Y*
- 2.15%
- 10Y*
- 4.57%
M
- 1D
- -1.98%
- 1M
- 35.08%
- YTD
- 14.05%
- 6M
- 5.49%
- 1Y
- 127.89%
- 3Y*
- 21.01%
- 5Y*
- 9.92%
- 10Y*
- 1.41%
PPT vs. M - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPT Putnam Premier Income Trust | 0.81% | 8.39% | 8.80% | 7.43% | -7.75% | -1.72% | -6.54% | 25.53% | -6.36% | 13.78% |
M Macy's, Inc. | 14.05% | 36.55% | -12.41% | 1.64% | -18.66% | 135.80% | -31.08% | -38.20% | 23.64% | -25.29% |
Correlation
The correlation between PPT and M is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Feb 5, 1992 | 0.10 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PPT vs. M — Risk / Return Rank
PPT
M
PPT vs. M - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Premier Income Trust (PPT) and Macy's, Inc. (M). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PPT | M | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.61 | ||
| Sortino ratioReturn per unit of downside risk | -3.46 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.44 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 4.50 | -4.16 |
| Martin ratioReturn relative to average drawdown | 0.77 | 10.89 | -10.12 |
Loading charts...
Drawdowns
PPT vs. M - Drawdown Comparison
The maximum PPT drawdown since its inception was -49.76%, smaller than the maximum M drawdown of -91.95%. Use the drawdown chart below to compare losses from any high point for PPT and M.
Loading charts...
Drawdown Indicators
| PPT | M | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.76% | -91.95% | +42.19% |
Max Drawdown (1Y)Largest decline over 1 year | -5.05% | -28.61% | +23.56% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -51.33% | +42.23% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -69.65% | +50.73% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | -87.79% | +56.00% |
Current DrawdownCurrent decline from peak | -3.62% | -45.61% | +41.99% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -34.61% | +23.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 11.79% | -9.61% |
Volatility
PPT vs. M - Volatility Comparison
The current volatility for Putnam Premier Income Trust (PPT) is 2.25%, while Macy's, Inc. (M) has a volatility of 14.88%. This indicates that PPT experiences smaller price fluctuations and is considered to be less risky than M based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PPT | M | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 14.88% | -12.63% |
Volatility (6M)Calculated over the trailing 6-month period | 6.99% | 29.42% | -22.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.36% | 46.25% | -36.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.96% | 54.14% | -42.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 56.19% | -41.74% |
Dividends
PPT vs. M - Dividend Comparison
PPT's dividend yield for the trailing twelve months is around 9.07%, more than M's 3.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
M Macy's, Inc. | 3.03% | 3.31% | 4.10% | 3.29% | 3.05% | 1.15% | 3.36% | 8.88% | 5.07% | 5.99% | 4.17% | 3.98% |
PPT Putnam Premier Income Trust | 9.07% | 8.81% | 8.76% | 8.74% | 8.60% | 7.31% | 8.84% | 7.73% | 6.84% | 5.85% | 6.28% | 6.30% |
Frequently Asked Questions
PPT and M have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
M has higher volatility (14.88%) compared to PPT (2.25%). In terms of maximum drawdown, PPT dropped -49.76% vs M's -91.95%.
M currently has the higher Sharpe Ratio (2.79 vs 0.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for PPT and M
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer