PMIO vs ALTY
Comparison between PGIM MUNICIPAL INCOME OPPORTUNITIES ETF (PMIO, ETF) and GLOBAL X ALTERNATIVE INCOME ETF (ALTY, ETF).
PMIO vs ALTY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PMIO
$44M
Winner
ALTY
$45M
Expense Ratio
Winner
PMIO
0.25%
ALTY
0.50%
Max Drawdown
Winner
PMIO
4.59%
ALTY
60.08%
Sharpe Ratio
PMIO
1.21
Winner
ALTY
1.95
5Y Beta
Winner
PMIO
0.01
ALTY
0.41
5Y Dividends CAGR
PMIO
N/A
ALTY
-1.10%
PMIO vs ALTY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PMIO
+0.81%
ALTY
-0.06%
3M
PMIO
+0.25%
Winner
ALTY
+1.25%
6M
PMIO
+2.02%
Winner
ALTY
+6.28%
1Y
PMIO
+6.46%
Winner
ALTY
+15.61%
5Y(CAGR)
PMIO
N/A
ALTY
+5.53%
10Y(CAGR)
PMIO
N/A
ALTY
+6.21%
Max(CAGR)
PMIO
+4.82%
Winner
ALTY
+6.16%
PMIO vs ALTY - Annual Returns (2015 - 2026)
Returns include dividend reinvestment.
| Year | PMIO | ALTY |
|---|---|---|
| 2026 | +1.51% | +5.47% |
| 2025 | +5.12% | +10.21% |
| 2024 | +2.41% | +11.18% |
| 2023 | N/A | +10.01% |
| 2022 | N/A | -12.05% |
| 2021 | N/A | +24.58% |
| 2020 | N/A | -12.87% |
| 2019 | N/A | +20.36% |
| 2018 | N/A | -6.00% |
| 2017 | N/A | +10.29% |
| 2016 | N/A | +17.89% |
| 2015 | N/A | -4.66% |
PMIO vs ALTY Drawdown Comparison
The maximum drawdown for PMIO was -3.39%, occurring on Apr 11, 2025. Recovery took 130 trading sessions.
The maximum drawdown for ALTY was -51.47%, occurring on Mar 18, 2020. Recovery took 306 trading sessions.
The current PMIO drawdown is -0.43%. The current ALTY drawdown is -0.49%.
| Rank | PMIO | ALTY |
|---|---|---|
| #1 | -3.39% Feb 26, 2025 - Sep 3, 2025 | -51.47% Feb 20, 2020 - May 7, 2021 |
| #2 | -2.24% Feb 27, 2026 - Mar 27, 2026 | -30.47% Jul 15, 2015 - Apr 25, 2017 |
| #3 | -2.15% Dec 6, 2024 - Feb 21, 2025 | -18.48% Jan 4, 2022 - May 15, 2024 |
| #4 | -1.46% Oct 3, 2024 - Nov 25, 2024 | -14.18% Aug 29, 2018 - Feb 22, 2019 |
| #5 | -0.48% Oct 27, 2025 - Nov 28, 2025 | -10.07% Feb 20, 2025 - Jul 25, 2025 |
| #6 | -0.43% Aug 2, 2024 - Aug 21, 2024 | -7.30% Jan 26, 2018 - Jul 6, 2018 |
| #7 | -0.32% Nov 28, 2025 - Dec 26, 2025 | -4.34% Mar 2, 2026 - Apr 24, 2026 |
| #8 | -0.27% Sep 17, 2025 - Oct 2, 2025 | -4.23% Jun 14, 2021 - Aug 12, 2021 |
| #9 | -0.21% Jan 15, 2026 - Jan 28, 2026 | -4.06% Sep 2, 2021 - Jan 4, 2022 |
| #10 | -0.21% Sep 13, 2024 - Sep 27, 2024 | -3.92% May 10, 2021 - Jun 1, 2021 |
| #11 | -0.18% Jul 23, 2024 - Jul 26, 2024 | -3.91% Aug 1, 2019 - Sep 18, 2019 |
| #12 | -0.18% Sep 27, 2024 - Oct 3, 2024 | -3.58% Jul 17, 2024 - Aug 19, 2024 |
| #13 | -0.14% Aug 23, 2024 - Sep 3, 2024 | -3.54% Nov 29, 2024 - Jan 21, 2025 |
| #14 | -0.14% Feb 5, 2026 - Feb 9, 2026 | -3.53% May 6, 2019 - Jun 20, 2019 |
| #15 | -0.11% Jun 28, 2024 - Jul 2, 2024 | -2.41% Apr 27, 2017 - Jul 14, 2017 |
Correlation
Correlation between PMIO and ALTY is 0.98 which considered as a very strong positive correlation - the stocks move almost identically together.
0.98
-101
Dividend Comparison (2015 - 2026)
PMIO vs ALTY dividend yield comparison.
| Year | PMIO | ALTY |
|---|---|---|
| 2026 | 1.63% | 3.20% |
| 2025 | 4.00% | 7.50% |
| 2024 | 2.11% | 7.88% |
| 2023 | 0.00% | 7.31% |
| 2022 | 0.00% | 7.66% |
| 2021 | 0.00% | 6.88% |
| 2020 | 0.00% | 9.20% |
| 2019 | 0.00% | 8.74% |
| 2018 | 0.00% | 8.49% |
| 2017 | 0.00% | 7.52% |
| 2016 | 0.00% | 8.20% |
| 2015 | 0.00% | 4.21% |
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