PBE vs PMM

Comparison between INVESCO BIOTECHNOLOGY & GENOME ETF (PBE, ETF) and Putnam Managed Municipal Income Trust. (PMM, ETF).

5-Year PerformancePBE has outperformed PMM, delivering a return of +5.4% compared to -1.2%

PBE vs PMM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PBE(ETF)	PMM(ETF)
Net Assets	$282M	$281M
Expense Ratio	0.58%	N/A
Max Drawdown	45.69%	55.45%
Sharpe Ratio	1.90	0.81
5Y Beta	0.72	0.25
P/E Ratio	35.79	N/A
Forward P/E	21.17	N/A
5Y Dividends CAGR	N/A	-2.55%
5Y EPS CAGR	3.37%	N/A
Debt to Equity	93.58%	N/A
P/S Ratio	4.77	N/A
P/B Ratio	4.58	N/A

Net Assets

Winner

PBE

$282M

PMM

$281M

Expense Ratio

PBE

0.58%

PMM

N/A

Max Drawdown

Winner

PBE

45.69%

PMM

55.45%

Sharpe Ratio

Winner

PBE

1.90

PMM

0.81

5Y Beta

PBE

0.72

Winner

PMM

0.25

P/E Ratio

PBE

35.79

PMM

N/A

Forward P/E

PBE

21.17

PMM

N/A

5Y Dividends CAGR

PBE

N/A

PMM

-2.55%

5Y EPS CAGR

PBE

3.37%

PMM

N/A

Debt to Equity

PBE

93.58%

PMM

N/A

P/S Ratio

PBE

4.77

PMM

N/A

P/B Ratio

PBE

4.58

PMM

N/A

PBE vs PMM - Historical Returns

Returns include dividend reinvestment.

Period	PBE	PMM
1 month	+10.20%	-1.98%
3 months	+21.09%	+2.39%
6 months	+22.29%	+0.64%
1 year	+48.89%	+12.80%
5 years(CAGR)	+5.37%	-1.21%
10 years(CAGR)	+9.63%	+2.76%
Max(CAGR)	+9.68%	+4.15%

Winner

PBE

+10.20%

PMM

-1.98%

Winner

PBE

+21.09%

PMM

+2.39%

Winner

PBE

+22.29%

PMM

+0.64%

Winner

PBE

+48.89%

PMM

+12.80%

5Y(CAGR)

Winner

PBE

+5.37%

PMM

-1.21%

10Y(CAGR)

Winner

PBE

+9.63%

PMM

+2.76%

Max(CAGR)

Winner

PBE

+9.68%

PMM

+4.15%

PBE vs PMM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PBE	PMM
2026	+21.18%	+4.61%
2025	+23.76%	+9.59%
2024	-0.05%	+3.02%
2023	+4.60%	+2.56%
2022	-11.11%	-24.71%
2021	+1.21%	+14.43%
2020	+25.68%	+5.39%
2019	+18.35%	+20.89%
2018	-2.62%	-4.36%
2017	+20.54%	+8.41%
2016	-20.66%	+1.50%
2015	+1.36%	+8.42%
2014	+36.45%	+16.71%
2013	+57.53%	-14.18%
2012	+13.17%	+13.90%
2011	-7.24%	+16.72%
2010	+29.99%	+11.36%
2009	+19.16%	+39.05%
2008	-25.84%	-23.78%
2007	+6.24%	-4.68%
2006	+0.45%	+13.52%
2005	+17.45%	+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%

PBE vs PMM Drawdown Comparison

The maximum drawdown for PBE was -45.69%, occurring on Mar 9, 2009. Recovery took 644 trading sessions.

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

The current PMM drawdown is -10.32%.

Rank	PBE	PMM
#1	-45.69% Oct 15, 2007 - May 6, 2010	-38.66% May 15, 2007 - Oct 6, 2009
#2	-44.56% Jul 17, 2015 - Jul 20, 2020	-37.70% Dec 23, 2021 - Oct 25, 2023
#3	-37.84% Feb 8, 2021 - Nov 26, 2025	-29.07% Feb 25, 2020 - Dec 31, 2020
#4	-35.71% May 6, 2010 - Apr 2, 2013	-23.55% Aug 23, 2000 - May 23, 2005
#5	-21.12% Feb 27, 2006 - Apr 23, 2007	-22.09% Jan 25, 2013 - Oct 22, 2015
#6	-18.86% Feb 24, 2014 - Aug 25, 2014	-19.37% Nov 1, 1999 - Aug 17, 2000
#7	-14.38% Jul 20, 2020 - Nov 27, 2020	-15.50% Oct 19, 2010 - Jul 22, 2011
#8	-11.73% Jan 7, 2026 - Jun 23, 2026	-12.72% Sep 28, 2016 - Sep 13, 2017
#9	-10.65% Mar 19, 2015 - Jun 18, 2015	-10.42% Aug 25, 2005 - Aug 15, 2006
#10	-10.08% Sep 12, 2005 - Nov 17, 2005	-9.63% Sep 15, 2017 - Feb 8, 2019
#11	-9.07% Apr 25, 2007 - Sep 26, 2007	-8.11% Mar 8, 2012 - May 9, 2012
#12	-8.60% Aug 29, 2014 - Oct 23, 2014	-8.09% Jul 22, 2011 - Aug 22, 2011
#13	-7.84% May 28, 2013 - Jul 5, 2013	-7.15% Oct 3, 2012 - Jan 8, 2013
#14	-7.21% Nov 29, 2013 - Jan 7, 2014	-6.40% Jun 25, 2021 - Nov 18, 2021
#15	-6.59% Oct 2, 2013 - Oct 24, 2013	-6.36% Oct 6, 2009 - Jan 15, 2010

Correlation

Correlation between PBE and PMM is 0.93 which considered as a very strong positive correlation - the stocks move almost identically together.

0.93

-101

Dividend Comparison (2000 - 2026)

PBE vs PMM dividend yield comparison.

Year	PBE	PMM
2026	0.90%	3.70%
2025	1.00%	4.90%
2024	0.05%	4.78%
2023	0.02%	5.10%
2022	0.00%	6.11%
2021	0.00%	4.38%
2020	0.04%	4.76%
2019	0.00%	4.81%
2018	0.00%	5.42%
2017	0.57%	5.38%
2016	0.38%	6.09%
2015	1.12%	5.92%
2014	0.55%	6.22%
2013	0.00%	7.03%
2012	0.00%	5.79%
2011	0.00%	7.00%
2010	0.00%	7.59%
2009	0.45%	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%