EOT vs PMM

Comparison between Eaton Vance National Municipal Opportunities Trust (EOT, ETF) and Putnam Managed Municipal Income Trust. (PMM, ETF).

5-Year PerformancePMM has outperformed EOT, delivering a return of -1.2% compared to -1.4%

EOT vs PMM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	EOT(ETF)	PMM(ETF)
Net Assets	$280M	$281M
Max Drawdown	40.61%	55.45%
Sharpe Ratio	0.77	0.81
5Y Beta	0.17	0.25
5Y Dividends CAGR	2.97%	-2.55%

Net Assets

EOT

$280M

Winner

PMM

$281M

Max Drawdown

Winner

EOT

40.61%

PMM

55.45%

Sharpe Ratio

EOT

0.77

Winner

PMM

0.81

5Y Beta

Winner

EOT

0.17

PMM

0.25

5Y Dividends CAGR

Winner

EOT

2.97%

PMM

-2.55%

EOT vs PMM - Historical Returns

Returns include dividend reinvestment.

Period	EOT	PMM
1 month	+1.51%	-1.98%
3 months	+3.95%	+2.39%
6 months	+1.86%	+0.64%
1 year	+11.41%	+12.80%
5 years(CAGR)	-1.38%	-1.21%
10 years(CAGR)	+1.76%	+2.76%
Max(CAGR)	+4.25%	+4.15%

Winner

EOT

+1.51%

PMM

-1.98%

Winner

EOT

+3.95%

PMM

+2.39%

Winner

EOT

+1.86%

PMM

+0.64%

EOT

+11.41%

Winner

PMM

+12.80%

5Y(CAGR)

EOT

-1.38%

Winner

PMM

-1.21%

10Y(CAGR)

EOT

+1.76%

Winner

PMM

+2.76%

Max(CAGR)

Winner

EOT

+4.25%

PMM

+4.15%

EOT vs PMM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	EOT	PMM
2026	+5.08%	+4.61%
2025	+6.79%	+9.59%
2024	+1.12%	+3.02%
2023	+7.34%	+2.56%
2022	-22.68%	-24.71%
2021	+12.12%	+14.43%
2020	-2.72%	+5.39%
2019	+19.35%	+20.89%
2018	-12.34%	-4.36%
2017	+14.03%	+8.41%
2016	+2.25%	+1.50%
2015	+7.26%	+8.42%
2014	+19.53%	+16.71%
2013	-14.49%	-14.18%
2012	+11.58%	+13.90%
2011	+16.47%	+16.72%
2010	+5.94%	+11.36%
2009	-0.62%	+39.05%
2008	N/A	-23.78%
2007	N/A	-4.68%
2006	N/A	+13.52%
2005	N/A	+5.00%
2004	N/A	+4.05%
2003	N/A	+7.27%
2002	N/A	-1.93%
2001	N/A	+2.95%
2000	N/A	-2.73%
1999	N/A	-18.75%

EOT vs PMM Drawdown Comparison

The maximum drawdown for EOT was -33.25%, occurring on Oct 19, 2023. This drawdown has not yet recovered.

The maximum drawdown for PMM was -38.66%, occurring on Dec 12, 2008. Recovery took 604 trading sessions.

The current EOT drawdown is -10.66%. The current PMM drawdown is -10.32%.

Rank	EOT	PMM
#1	-33.25% Dec 13, 2021 - Oct 19, 2023	-38.66% May 15, 2007 - Oct 6, 2009
#2	-30.08% Jul 11, 2019 - May 27, 2021	-37.70% Dec 23, 2021 - Oct 25, 2023
#3	-26.49% Nov 23, 2012 - Nov 23, 2015	-29.07% Feb 25, 2020 - Dec 31, 2020
#4	-18.61% Nov 4, 2010 - Dec 2, 2011	-23.55% Aug 23, 2000 - May 23, 2005
#5	-17.50% Aug 13, 2018 - Apr 9, 2019	-22.09% Jan 25, 2013 - Oct 22, 2015
#6	-12.99% Dec 27, 2017 - Aug 13, 2018	-19.37% Nov 1, 1999 - Aug 17, 2000
#7	-11.00% Jun 19, 2009 - Oct 1, 2009	-15.50% Oct 19, 2010 - Jul 22, 2011
#8	-10.20% Sep 28, 2016 - Jun 16, 2017	-12.72% Sep 28, 2016 - Sep 13, 2017
#9	-7.81% Feb 27, 2012 - Apr 20, 2012	-10.42% Aug 25, 2005 - Aug 15, 2006
#10	-7.47% Jul 28, 2021 - Dec 13, 2021	-9.63% Sep 15, 2017 - Feb 8, 2019
#11	-7.40% Jul 26, 2012 - Sep 24, 2012	-8.11% Mar 8, 2012 - May 9, 2012
#12	-6.43% Oct 16, 2017 - Nov 28, 2017	-8.09% Jul 22, 2011 - Aug 22, 2011
#13	-5.63% May 28, 2021 - Jul 8, 2021	-7.15% Oct 3, 2012 - Jan 8, 2013
#14	-5.19% Oct 8, 2009 - Jan 8, 2010	-6.40% Jun 25, 2021 - Nov 18, 2021
#15	-4.95% Oct 15, 2012 - Nov 16, 2012	-6.36% Oct 6, 2009 - Jan 15, 2010

Correlation

Correlation between EOT and PMM is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.

0.98

-101

Dividend Comparison (2000 - 2026)

EOT vs PMM dividend yield comparison.

Year	EOT	PMM
2026	3.17%	3.70%
2025	4.85%	4.90%
2024	4.77%	4.78%
2023	4.43%	5.10%
2022	4.56%	6.11%
2021	3.44%	4.38%
2020	3.80%	4.76%
2019	4.73%	4.81%
2018	6.13%	5.42%
2017	5.12%	5.38%
2016	5.96%	6.09%
2015	4.83%	5.92%
2014	4.90%	6.22%
2013	5.63%	7.03%
2012	4.91%	5.79%
2011	5.71%	7.00%
2010	7.15%	7.59%
2009	3.64%	7.05%
2008	0.00%	8.29%
2007	0.00%	5.86%
2006	0.00%	5.33%
2005	0.00%	6.04%
2004	0.00%	7.08%
2003	0.00%	7.60%
2002	0.00%	7.71%
2001	0.00%	7.17%
2000	0.00%	2.97%