PPT vs. PMYYX
PPT (Putnam Premier Income Trust) and PMYYX (Putnam Multi-Cap Core Fund) are both mutual funds - PPT is a Multisector Bonds fund actively managed by Putnam, while PMYYX is a Large Cap Blend Equities fund managed by Putnam. Over the past 10 years, PPT returned 4.42%/yr vs 16.09%/yr for PMYYX. Their 0.24 correlation means their historical movements had little consistent relationship.
Performance
PPT vs. PMYYX - Performance Comparison
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Returns By Period
In the year-to-date period, PPT achieves a 1.76% return, which is significantly lower than PMYYX's 8.35% return. Over the past 10 years, PPT has underperformed PMYYX with an annualized return of 4.42%, while PMYYX has yielded a comparatively higher 16.09% annualized return.
PPT
- 1D
- 0.88%
- 1M
- -0.40%
- 6M
- -1.47%
- YTD
- 1.76%
- 1Y
- 1.45%
- 3Y*
- 7.41%
- 5Y*
- 2.51%
- 10Y*
- 4.42%
- ALL TIME*
- 2.75%
PMYYX
- 1D
- 0.60%
- 1M
- 0.93%
- 6M
- 6.54%
- YTD
- 8.35%
- 1Y
- 20.89%
- 3Y*
- 19.27%
- 5Y*
- 13.05%
- 10Y*
- 16.09%
- ALL TIME*
- 15.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $415.04K | $332.20K | $356.46K |
PPT vs. PMYYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PPT Putnam Premier Income Trust | 1.76% | 8.39% | 8.80% | 7.43% | -7.75% | -1.72% | -6.54% | 25.53% | -6.36% | 13.78% |
PMYYX Putnam Multi-Cap Core Fund | 8.35% | 17.33% | 26.46% | 27.98% | -15.94% | 30.93% | 17.69% | 32.52% | -7.91% | 24.00% |
Correlation
The correlation between PPT and PMYYX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.25 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.31 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.24 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2012 | 0.24 |
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Return for Risk
PPT vs. PMYYX — Risk / Return Rank
PPT
PMYYX
PPT vs. PMYYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Premier Income Trust (PPT) and Putnam Multi-Cap Core Fund (PMYYX). 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 | PMYYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.26 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 0.29 | 1.90 | -1.61 |
| Martin ratioReturn relative to average drawdown | 0.60 | 8.00 | -7.40 |
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Drawdowns
PPT vs. PMYYX - Drawdown Comparison
The maximum PPT drawdown since its inception was -49.76%, which is greater than PMYYX's maximum drawdown of -35.25%. Use the drawdown chart below to compare losses from any high point for PPT and PMYYX.
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Drawdown Indicators
| PPT | PMYYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.76% | -35.25% | -14.51% |
Max Drawdown (1Y)Largest decline over 1 year | -5.05% | -10.02% | +4.97% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -18.92% | +9.82% |
Max Drawdown (5Y)Largest decline over 5 years | -17.46% | -23.52% | +6.06% |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | -35.25% | +3.46% |
Current DrawdownCurrent decline from peak | -2.71% | -0.63% | -2.08% |
Average DrawdownAverage peak-to-trough decline | -11.20% | -4.09% | -7.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.37% | +0.07% |
Volatility
PPT vs. PMYYX - Volatility Comparison
The current volatility for Putnam Premier Income Trust (PPT) is 1.42%, while Putnam Multi-Cap Core Fund (PMYYX) has a volatility of 3.76%. This indicates that PPT experiences smaller price fluctuations and is considered to be less risky than PMYYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPT | PMYYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 3.76% | -2.34% |
Volatility (6M)Calculated over the trailing 6-month period | 6.59% | 10.09% | -3.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.18% | 12.88% | -3.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.88% | 16.88% | -5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.42% | 18.37% | -3.95% |
Dividends
PPT vs. PMYYX - Dividend Comparison
PPT's dividend yield for the trailing twelve months is around 9.12%, more than PMYYX's 2.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PMYYX Putnam Multi-Cap Core Fund | 2.55% | 2.76% | 4.47% | 2.62% | 5.26% | 9.25% | 2.41% | 4.76% | 2.36% | 2.71% | 1.21% | 1.26% |
PPT Putnam Premier Income Trust | 9.12% | 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 PMYYX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMYYX has higher volatility (3.76%) compared to PPT (1.42%). In terms of maximum drawdown, PPT dropped -49.76% vs PMYYX's -35.25%.
PMYYX currently has the higher Sharpe Ratio (1.47 vs 0.16), 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.
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