PPT vs. MMT
PPT (Putnam Premier Income Trust) and MMT (MFS Multimarket Income Trust) are both Multisector Bonds funds. Over the past 10 years, PPT returned 4.97%/yr vs 6.71%/yr for MMT. At 0.20, their price movements are largely independent.
Performance
PPT vs. MMT - Performance Comparison
Loading graphics...
Returns By Period
In the year-to-date period, PPT achieves a 1.92% return, which is significantly lower than MMT's 2.62% return. Over the past 10 years, PPT has underperformed MMT with an annualized return of 4.97%, while MMT has yielded a comparatively higher 6.71% 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%
MMT
- 1D
- -0.21%
- 1M
- 2.95%
- YTD
- 2.62%
- 6M
- 2.02%
- 1Y
- 15.44%
- 3Y*
- 9.75%
- 5Y*
- 1.87%
- 10Y*
- 6.71%
PPT vs. MMT - 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% |
MMT MFS Multimarket Income Trust | 2.62% | 8.10% | 12.40% | 10.14% | -22.96% | 13.11% | 8.88% | 30.32% | -7.70% | 9.29% |
Correlation
The correlation between PPT and MMT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 22, 1988 | 0.20 |
The correlation between PPT and MMT shifts across timeframes, from 0.20 (all time) to 0.37 (3 years), reflecting how their relationship changes across market environments.
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. MMT — Risk / Return Rank
PPT
MMT
PPT vs. MMT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Premier Income Trust (PPT) and MFS Multimarket Income Trust (MMT). 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 | MMT | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 2.03 | -1.00 |
Sortino ratioReturn per unit of downside risk | 1.61 | 3.13 | -1.52 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.39 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.91 | 3.31 | -1.41 |
Martin ratioReturn relative to average drawdown | 5.37 | 9.62 | -4.25 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| PPT | MMT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 2.03 | -1.00 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.16 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.47 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.41 | -0.25 |
Drawdowns
PPT vs. MMT - Drawdown Comparison
The maximum PPT drawdown since its inception was -49.76%, which is greater than MMT's maximum drawdown of -35.70%. Use the drawdown chart below to compare losses from any high point for PPT and MMT.
Loading graphics...
Drawdown Indicators
| PPT | MMT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.76% | -35.70% | -14.06% |
Max Drawdown (1Y)Largest decline over 1 year | -5.05% | -4.90% | -0.15% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | -32.29% | +13.37% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | -35.70% | +3.91% |
Current DrawdownCurrent decline from peak | -2.57% | -1.08% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -11.27% | -5.26% | -6.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 1.69% | +0.10% |
Volatility
PPT vs. MMT - Volatility Comparison
Putnam Premier Income Trust (PPT) and MFS Multimarket Income Trust (MMT) have volatilities of 4.40% and 4.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| PPT | MMT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.33% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 6.52% | +1.04% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.35% | 8.58% | +1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.03% | 11.66% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 14.27% | +0.20% |
Dividends
PPT vs. MMT - Dividend Comparison
PPT's dividend yield for the trailing twelve months is around 8.84%, more than MMT's 8.62% 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% |
MMT MFS Multimarket Income Trust | 8.62% | 8.65% | 8.65% | 8.65% | 9.38% | 7.86% | 8.07% | 8.16% | 9.86% | 8.83% | 8.71% | 9.05% |