Correlation
The correlation between PTAEX and BIAEX is -0.06. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
PTAEX vs. BIAEX
Compare and contrast key facts about Putnam Tax Exempt Income Fund (PTAEX) and Brown Advisory Tax Exempt Bond Fund (BIAEX).
PTAEX is managed by Putnam. It was launched on Dec 30, 1976. BIAEX is managed by Brown Advisory Funds. It was launched on Jun 28, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTAEX or BIAEX.
Performance
PTAEX vs. BIAEX - Performance Comparison
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Key characteristics
PTAEX:
0.19
BIAEX:
0.73
PTAEX:
0.20
BIAEX:
0.91
PTAEX:
1.03
BIAEX:
1.15
PTAEX:
0.11
BIAEX:
0.67
PTAEX:
0.37
BIAEX:
2.20
PTAEX:
2.10%
BIAEX:
1.36%
PTAEX:
6.17%
BIAEX:
4.56%
PTAEX:
-17.84%
BIAEX:
-12.84%
PTAEX:
-4.84%
BIAEX:
-2.13%
Returns By Period
In the year-to-date period, PTAEX achieves a -2.39% return, which is significantly lower than BIAEX's -0.57% return. Over the past 10 years, PTAEX has underperformed BIAEX with an annualized return of 1.98%, while BIAEX has yielded a comparatively higher 2.29% annualized return.
PTAEX
-2.39%
-0.92%
-3.85%
0.74%
1.57%
0.83%
1.98%
BIAEX
-0.57%
-0.11%
-1.62%
2.85%
2.45%
1.63%
2.29%
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PTAEX vs. BIAEX - Expense Ratio Comparison
PTAEX has a 0.80% expense ratio, which is higher than BIAEX's 0.46% expense ratio.
Risk-Adjusted Performance
PTAEX vs. BIAEX — Risk-Adjusted Performance Rank
PTAEX
BIAEX
PTAEX vs. BIAEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Putnam Tax Exempt Income Fund (PTAEX) and Brown Advisory Tax Exempt Bond Fund (BIAEX). 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.
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Dividends
PTAEX vs. BIAEX - Dividend Comparison
PTAEX's dividend yield for the trailing twelve months is around 3.08%, less than BIAEX's 3.65% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTAEX Putnam Tax Exempt Income Fund | 3.08% | 3.21% | 3.09% | 2.69% | 4.00% | 2.27% | 4.95% | 3.52% | 3.38% | 3.78% | 3.79% | 4.06% |
BIAEX Brown Advisory Tax Exempt Bond Fund | 3.65% | 4.00% | 3.81% | 3.01% | 2.98% | 2.54% | 3.01% | 3.27% | 3.08% | 2.81% | 2.00% | 1.95% |
Drawdowns
PTAEX vs. BIAEX - Drawdown Comparison
The maximum PTAEX drawdown since its inception was -17.84%, which is greater than BIAEX's maximum drawdown of -12.84%. Use the drawdown chart below to compare losses from any high point for PTAEX and BIAEX.
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Volatility
PTAEX vs. BIAEX - Volatility Comparison
Putnam Tax Exempt Income Fund (PTAEX) has a higher volatility of 0.97% compared to Brown Advisory Tax Exempt Bond Fund (BIAEX) at 0.56%. This indicates that PTAEX's price experiences larger fluctuations and is considered to be riskier than BIAEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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