OPPJ vs PMM

Comparison between WISDOMTREE JAPAN OPPORTUNITIES FUND (OPPJ, ETF) and Putnam Managed Municipal Income Trust. (PMM, ETF).

5-Year PerformanceOPPJ has outperformed PMM, delivering a return of +26.7% compared to -1.2%

OPPJ vs PMM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	OPPJ(ETF)	PMM(ETF)
Net Assets	$280M	$281M
Expense Ratio	0.58%	N/A
Max Drawdown	41.67%	55.45%
Sharpe Ratio	1.73	0.81
5Y Beta	0.67	0.25
5Y Dividends CAGR	19.10%	-2.55%

Net Assets

OPPJ

$280M

Winner

PMM

$281M

Expense Ratio

OPPJ

0.58%

PMM

N/A

Max Drawdown

Winner

OPPJ

41.67%

PMM

55.45%

Sharpe Ratio

Winner

OPPJ

1.73

PMM

0.81

5Y Beta

OPPJ

0.67

Winner

PMM

0.25

5Y Dividends CAGR

Winner

OPPJ

19.10%

PMM

-2.55%

OPPJ vs PMM - Historical Returns

Returns include dividend reinvestment.

Period	OPPJ	PMM
1 month	+0.89%	-1.98%
3 months	-1.48%	+2.39%
6 months	+0.91%	+0.64%
1 year	+46.49%	+12.80%
5 years(CAGR)	+26.67%	-1.21%
10 years(CAGR)	+19.53%	+2.76%
Max(CAGR)	+17.71%	+4.15%

Winner

OPPJ

+0.89%

PMM

-1.98%

OPPJ

-1.48%

Winner

PMM

+2.39%

Winner

OPPJ

+0.91%

PMM

+0.64%

Winner

OPPJ

+46.49%

PMM

+12.80%

5Y(CAGR)

Winner

OPPJ

+26.67%

PMM

-1.21%

10Y(CAGR)

Winner

OPPJ

+19.53%

PMM

+2.76%

Max(CAGR)

Winner

OPPJ

+17.71%

PMM

+4.15%

OPPJ vs PMM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	OPPJ	PMM
2026	+23.38%	+4.61%
2025	+37.19%	+9.59%
2024	+20.96%	+3.02%
2023	+40.41%	+2.56%
2022	+7.75%	-24.71%
2021	+17.18%	+14.43%
2020	-1.32%	+5.39%
2019	+21.04%	+20.89%
2018	-17.55%	-4.36%
2017	+29.81%	+8.41%
2016	+12.95%	+1.50%
2015	+19.76%	+8.42%
2014	+20.29%	+16.71%
2013	+14.57%	-14.18%
2012	N/A	+13.90%
2011	N/A	+16.72%
2010	N/A	+11.36%
2009	N/A	+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%

OPPJ vs PMM Drawdown Comparison

The maximum drawdown for OPPJ was -36.81%, occurring on Mar 16, 2020. Recovery took 774 trading sessions.

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

The current OPPJ drawdown is -4.98%. The current PMM drawdown is -10.32%.

Rank	OPPJ	PMM
#1	-36.81% Jan 8, 2018 - Feb 4, 2021	-38.66% May 15, 2007 - Oct 6, 2009
#2	-21.35% Aug 10, 2015 - Nov 21, 2016	-37.70% Dec 23, 2021 - Oct 25, 2023
#3	-16.49% Jul 16, 2024 - Dec 27, 2024	-29.07% Feb 25, 2020 - Dec 31, 2020
#4	-14.50% Mar 27, 2025 - May 12, 2025	-23.55% Aug 23, 2000 - May 23, 2005
#5	-12.95% Sep 16, 2021 - Aug 12, 2022	-22.09% Jan 25, 2013 - Oct 22, 2015
#6	-11.84% Jan 21, 2014 - Jul 1, 2014	-19.37% Nov 1, 1999 - Aug 17, 2000
#7	-11.35% Sep 26, 2014 - Oct 31, 2014	-15.50% Oct 19, 2010 - Jul 22, 2011
#8	-9.82% Feb 12, 2026 - Apr 8, 2026	-12.72% Sep 28, 2016 - Sep 13, 2017
#9	-9.09% May 14, 2026 - Jul 29, 2026	-10.42% Aug 25, 2005 - Aug 15, 2006
#10	-8.77% Jul 18, 2013 - Sep 20, 2013	-9.63% Sep 15, 2017 - Feb 8, 2019
#11	-8.35% Mar 22, 2021 - Sep 3, 2021	-8.11% Mar 8, 2012 - May 9, 2012
#12	-8.13% Mar 13, 2017 - May 3, 2017	-8.09% Jul 22, 2011 - Aug 22, 2011
#13	-8.11% Jun 23, 2015 - Aug 5, 2015	-7.15% Oct 3, 2012 - Jan 8, 2013
#14	-7.52% Sep 19, 2023 - Nov 30, 2023	-6.40% Jun 25, 2021 - Nov 18, 2021
#15	-7.13% Mar 8, 2023 - Apr 3, 2023	-6.36% Oct 6, 2009 - Jan 15, 2010

Correlation

Correlation between OPPJ and PMM is 0.62 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.62

-101

Dividend Comparison (2000 - 2026)

OPPJ vs PMM dividend yield comparison.

Year	OPPJ	PMM
2026	0.68%	3.70%
2025	1.78%	4.90%
2024	4.02%	4.78%
2023	4.27%	5.10%
2022	5.27%	6.11%
2021	5.92%	4.38%
2020	6.07%	4.76%
2019	4.33%	4.81%
2018	4.12%	5.42%
2017	3.07%	5.38%
2016	3.32%	6.09%
2015	7.22%	5.92%
2014	17.30%	6.22%
2013	0.42%	7.03%
2012	0.00%	5.79%
2011	0.00%	7.00%
2010	0.00%	7.59%
2009	0.00%	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%