PPT vs. RNWZ
PPT (Putnam Premier Income Trust) and RNWZ (TrueShares Eagle Global Renewable Energy Income ETF) are both funds - PPT is a Multisector Bonds fund actively managed by Putnam Investments, while RNWZ is a Energy Equities fund actively managed by TrueShares. Both are actively managed. Over the past 3 years, PPT returned 7.60%/yr vs 11.78%/yr for RNWZ. At a 0.21 correlation, their price movements are largely independent.
Performance
PPT vs. RNWZ - Performance Comparison
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Returns By Period
In the year-to-date period, PPT achieves a 0.81% return, which is significantly lower than RNWZ's 15.40% 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%
RNWZ
- 1D
- 0.06%
- 1M
- 0.92%
- YTD
- 15.40%
- 6M
- 17.62%
- 1Y
- 34.43%
- 3Y*
- 11.78%
- 5Y*
- —
- 10Y*
- —
PPT vs. RNWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PPT Putnam Premier Income Trust | 0.81% | 8.39% | 8.80% | 7.43% | 0.17% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 15.40% | 36.33% | -7.36% | -3.89% | -0.74% |
Correlation
The correlation between PPT and RNWZ is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Dec 9, 2022 | 0.21 |
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Return for Risk
PPT vs. RNWZ — Risk / Return Rank
PPT
RNWZ
PPT vs. RNWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Premier Income Trust (PPT) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). 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 | RNWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.05 | ||
| Sortino ratioReturn per unit of downside risk | -2.71 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.39 | -0.36 |
| Calmar ratioReturn relative to maximum drawdown | 0.33 | 4.81 | -4.47 |
| Martin ratioReturn relative to average drawdown | 0.77 | 12.90 | -12.13 |
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Drawdowns
PPT vs. RNWZ - Drawdown Comparison
The maximum PPT drawdown since its inception was -49.76%, which is greater than RNWZ's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for PPT and RNWZ.
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Drawdown Indicators
| PPT | RNWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.76% | -24.90% | -24.86% |
Max Drawdown (1Y)Largest decline over 1 year | -5.05% | -7.07% | +2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -9.10% | -24.74% | +15.64% |
Max Drawdown (5Y)Largest decline over 5 years | -18.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.79% | — | — |
Current DrawdownCurrent decline from peak | -3.62% | -5.19% | +1.57% |
Average DrawdownAverage peak-to-trough decline | -11.23% | -7.17% | -4.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 2.63% | -0.45% |
Volatility
PPT vs. RNWZ - Volatility Comparison
The current volatility for Putnam Premier Income Trust (PPT) is 2.25%, while TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) has a volatility of 5.01%. This indicates that PPT experiences smaller price fluctuations and is considered to be less risky than RNWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PPT | RNWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 5.01% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 6.99% | 12.10% | -5.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.36% | 15.25% | -5.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.96% | 16.98% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.45% | 16.98% | -2.53% |
Dividends
PPT vs. RNWZ - Dividend Comparison
PPT's dividend yield for the trailing twelve months is around 9.07%, more than RNWZ's 1.94% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 1.94% | 2.12% | 2.36% | 3.87% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PPT and RNWZ have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RNWZ has higher volatility (5.01%) compared to PPT (2.25%). In terms of maximum drawdown, PPT dropped -49.76% vs RNWZ's -24.90%.
RNWZ currently has the higher Sharpe Ratio (2.23 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.
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