BWZ vs PMO
Comparison between SPDR(R) BLOOMBERG SHORT TERM INTERNATIONAL TREASURY BOND ETF (BWZ, ETF) and Putnam Municipal Opportunities Trust (PMO, ETF).
5-Year PerformancePMO has outperformed BWZ, delivering a return of -1.1% compared to -1.8%
BWZ vs PMO - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
BWZ vs PMO - Historical Returns
Returns include dividend reinvestment.
BWZ vs PMO - Annual Returns (1999 - 2026)
Returns include dividend reinvestment.
| Year | BWZ | PMO |
|---|---|---|
| 2026 | -0.03% | +1.04% |
| 2025 | +10.88% | +9.91% |
| 2024 | -4.53% | +2.45% |
| 2023 | +3.85% | -3.28% |
| 2022 | -10.17% | -19.78% |
| 2021 | -6.90% | +9.37% |
| 2020 | +6.74% | +9.03% |
| 2019 | +1.29% | +21.21% |
| 2018 | -3.82% | -4.43% |
| 2017 | +10.82% | +8.53% |
| 2016 | -1.22% | +2.30% |
| 2015 | -6.54% | +8.40% |
| 2014 | -9.36% | +18.82% |
| 2013 | -2.29% | -14.31% |
| 2012 | +2.23% | +12.61% |
| 2011 | -0.77% | +22.64% |
| 2010 | +0.98% | +4.65% |
| 2009 | +12.97% | +34.84% |
| 2008 | N/A | -17.87% |
| 2007 | N/A | -1.05% |
| 2006 | N/A | +10.34% |
| 2005 | N/A | -0.56% |
| 2004 | N/A | +0.91% |
| 2003 | N/A | +15.65% |
| 2002 | N/A | +1.00% |
| 2001 | N/A | +3.07% |
| 2000 | N/A | +18.39% |
| 1999 | N/A | -11.15% |
BWZ vs PMO Drawdown Comparison
The maximum drawdown for BWZ was -34.22%, occurring on Sep 27, 2022. This drawdown has not yet recovered.
The maximum drawdown for PMO was -36.47%, occurring on Oct 23, 2023. This drawdown has not yet recovered.
The current BWZ drawdown is -22.27%. The current PMO drawdown is -12.74%.
| Rank | BWZ | PMO |
|---|---|---|
| #1 | -34.22% Aug 29, 2011 - Sep 27, 2022 | -36.47% Dec 23, 2021 - Oct 23, 2023 |
| #2 | -13.70% Dec 1, 2009 - Nov 4, 2010 | -30.16% Apr 3, 2007 - Sep 3, 2009 |
| #3 | -6.59% Nov 4, 2010 - Jan 26, 2011 | -26.06% Feb 25, 2020 - Jul 17, 2020 |
| #4 | -5.56% Feb 9, 2009 - Mar 18, 2009 | -22.27% Nov 30, 2012 - Jan 15, 2015 |
| #5 | -5.06% Jan 26, 2011 - Apr 26, 2011 | -15.92% Oct 18, 2010 - Aug 17, 2011 |
| #6 | -3.58% May 2, 2011 - Jul 29, 2011 | -14.04% Aug 22, 2016 - Feb 14, 2019 |
| #7 | -3.43% Jun 2, 2009 - Jul 20, 2009 | -13.12% Apr 1, 2004 - Oct 27, 2006 |
| #8 | -2.51% Mar 19, 2009 - May 4, 2009 | -12.90% Nov 5, 1999 - Jul 11, 2000 |
| #9 | -2.22% Oct 14, 2009 - Nov 11, 2009 | -10.47% Oct 7, 2002 - May 6, 2003 |
| #10 | -2.20% Jul 29, 2011 - Aug 29, 2011 | -10.09% Sep 18, 2001 - Sep 4, 2002 |
| #11 | -2.14% Sep 18, 2009 - Oct 14, 2009 | -8.71% Aug 18, 2021 - Dec 20, 2021 |
| #12 | -1.88% Aug 4, 2009 - Aug 25, 2009 | -7.75% Jul 7, 2003 - Dec 18, 2003 |
| #13 | -1.52% Feb 3, 2009 - Feb 9, 2009 | -7.05% Aug 5, 2020 - Dec 15, 2020 |
| #14 | -1.10% May 22, 2009 - Jun 1, 2009 | -6.52% Feb 2, 2015 - Oct 21, 2015 |
| #15 | -1.05% Nov 11, 2009 - Nov 25, 2009 | -5.79% Jul 8, 2016 - Aug 17, 2016 |
Correlation
Correlation between BWZ and PMO is -0.63 which considered as a moderate negative correlation - the stocks show some tendency to move in opposite directions.
Dividend Comparison (2000 - 2026)
BWZ vs PMO dividend yield comparison.
| Year | BWZ | PMO |
|---|---|---|
| 2026 | 0.86% | 1.86% |
| 2025 | 2.05% | 4.25% |
| 2024 | 2.47% | 4.15% |
| 2023 | 1.63% | 4.64% |
| 2022 | 0.44% | 5.87% |
| 2021 | 0.60% | 4.42% |
| 2020 | 0.13% | 4.65% |
| 2019 | 0.43% | 4.85% |
| 2018 | 1.10% | 5.55% |
| 2017 | 0.40% | 5.26% |
| 2016 | 0.13% | 5.89% |
| 2015 | 0.06% | 5.81% |
| 2014 | 0.19% | 5.95% |
| 2013 | 0.09% | 6.35% |
| 2012 | 0.01% | 5.82% |
| 2011 | 3.53% | 6.48% |
| 2010 | 0.19% | 7.32% |
| 2009 | 1.61% | 6.70% |
| 2008 | 0.00% | 7.36% |
| 2007 | 0.00% | 5.10% |
| 2006 | 0.00% | 5.04% |
| 2005 | 0.00% | 6.25% |
| 2004 | 0.00% | 7.59% |
| 2003 | 0.00% | 7.25% |
| 2002 | 0.00% | 7.47% |
| 2001 | 0.00% | 7.09% |
| 2000 | 0.00% | 2.91% |
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