QFITX vs. PMOTX
QFITX (Quantified Tactical Fixed Income Fund) and PMOTX (Putnam Mortgage Opportunities Fund) are both Nontraditional Bonds funds. Over the past 5 years, QFITX returned -1.30%/yr vs 5.06%/yr for PMOTX. At a correlation of -0.05, they often move in opposite directions. QFITX charges 1.56%/yr vs 0.47%/yr for PMOTX.
Performance
QFITX vs. PMOTX - Performance Comparison
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Returns By Period
In the year-to-date period, QFITX achieves a -4.59% return, which is significantly lower than PMOTX's 5.26% return.
QFITX
- 1D
- 0.00%
- 1M
- -0.51%
- YTD
- -4.59%
- 6M
- -4.52%
- 1Y
- -6.65%
- 3Y*
- -6.12%
- 5Y*
- -1.30%
- 10Y*
- —
PMOTX
- 1D
- 0.22%
- 1M
- 1.47%
- YTD
- 5.26%
- 6M
- 3.85%
- 1Y
- 6.64%
- 3Y*
- 8.31%
- 5Y*
- 5.06%
- 10Y*
- 4.46%
QFITX vs. PMOTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
QFITX Quantified Tactical Fixed Income Fund | -4.59% | -7.64% | -1.03% | -6.54% | -22.87% | 36.77% | 10.36% | 2.31% |
PMOTX Putnam Mortgage Opportunities Fund | 5.26% | 3.83% | 10.08% | 6.71% | 4.33% | -3.63% | -6.27% | 3.28% |
Correlation
The correlation between QFITX and PMOTX is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.06 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2019 | -0.05 |
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Return for Risk
QFITX vs. PMOTX — Risk / Return Rank
QFITX
PMOTX
QFITX vs. PMOTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Quantified Tactical Fixed Income Fund (QFITX) and Putnam Mortgage Opportunities Fund (PMOTX). 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.
| QFITX | PMOTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.24 | ||
| Sortino ratioReturn per unit of downside risk | -4.48 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 1.53 | -0.71 |
| Calmar ratioReturn relative to maximum drawdown | -0.71 | 4.21 | -4.92 |
| Martin ratioReturn relative to average drawdown | -1.46 | 13.88 | -15.34 |
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Drawdowns
QFITX vs. PMOTX - Drawdown Comparison
The maximum QFITX drawdown since its inception was -38.03%, which is greater than PMOTX's maximum drawdown of -17.57%. Use the drawdown chart below to compare losses from any high point for QFITX and PMOTX.
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Drawdown Indicators
| QFITX | PMOTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.03% | -17.57% | -20.46% |
Max Drawdown (1Y)Largest decline over 1 year | -8.67% | -1.56% | -7.11% |
Max Drawdown (3Y)Largest decline over 3 years | -20.64% | -1.77% | -18.87% |
Max Drawdown (5Y)Largest decline over 5 years | -38.03% | -4.24% | -33.79% |
Max Drawdown (10Y)Largest decline over 10 years | — | -17.57% | — |
Current DrawdownCurrent decline from peak | -37.67% | 0.00% | -37.67% |
Average DrawdownAverage peak-to-trough decline | -19.36% | -2.98% | -16.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.18% | 0.47% | +3.71% |
Volatility
QFITX vs. PMOTX - Volatility Comparison
The current volatility for Quantified Tactical Fixed Income Fund (QFITX) is 1.10%, while Putnam Mortgage Opportunities Fund (PMOTX) has a volatility of 1.18%. This indicates that QFITX experiences smaller price fluctuations and is considered to be less risky than PMOTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QFITX | PMOTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.10% | 1.18% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 4.18% | 2.54% | +1.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.45% | 3.11% | +2.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 3.48% | +17.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.20% | 4.73% | +15.47% |
QFITX vs. PMOTX - Expense Ratio Comparison
QFITX has a 1.56% expense ratio, which is higher than PMOTX's 0.47% expense ratio.
Dividends
QFITX vs. PMOTX - Dividend Comparison
QFITX's dividend yield for the trailing twelve months is around 16.08%, more than PMOTX's 3.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
PMOTX Putnam Mortgage Opportunities Fund | 3.69% | 4.26% | 6.11% | 7.73% | 5.17% | 4.72% | 3.64% | 6.83% | 5.94% | 0.77% |
QFITX Quantified Tactical Fixed Income Fund | 16.08% | 12.72% | 3.70% | 0.08% | 0.15% | 29.15% | 2.12% | 4.28% | 0.00% | 0.00% |
Frequently Asked Questions
QFITX and PMOTX have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PMOTX has higher volatility (1.18%) compared to QFITX (1.10%). In terms of maximum drawdown, QFITX dropped -38.03% vs PMOTX's -17.57%.
PMOTX currently has the higher Sharpe Ratio (2.12 vs -1.13), 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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