PMM vs AVDS

Comparison between Putnam Managed Municipal Income Trust. (PMM, ETF) and AVANTIS INTERNATIONAL SMALL CAP EQUITY ETF (AVDS, ETF).

PMM vs AVDS - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PMM(ETF)	AVDS(ETF)
Net Assets	$287M	$286M
Expense Ratio	N/A	0.30%
Max Drawdown	55.45%	14.17%
Sharpe Ratio	0.75	1.49
5Y Beta	0.25	0.70
5Y Dividends CAGR	-5.23%	N/A

Net Assets

Winner

PMM

$287M

AVDS

$286M

Expense Ratio

PMM

N/A

AVDS

0.30%

Max Drawdown

PMM

55.45%

Winner

AVDS

14.17%

Sharpe Ratio

PMM

0.75

Winner

AVDS

1.49

5Y Beta

Winner

PMM

0.25

AVDS

0.70

5Y Dividends CAGR

PMM

-5.23%

AVDS

N/A

PMM vs AVDS - Historical Returns

Returns include dividend reinvestment.

Period	PMM	AVDS
1 month	+1.08%	-0.86%
3 months	-1.47%	+1.38%
6 months	+1.95%	+12.12%
1 year	+11.94%	+28.42%
5 years(CAGR)	-1.23%	N/A
10 years(CAGR)	+2.68%	N/A
Max(CAGR)	+4.11%	+18.21%

Winner

PMM

+1.08%

AVDS

-0.86%

PMM

-1.47%

Winner

AVDS

+1.38%

PMM

+1.95%

Winner

AVDS

+12.12%

PMM

+11.94%

Winner

AVDS

+28.42%

5Y(CAGR)

PMM

-1.23%

AVDS

N/A

10Y(CAGR)

PMM

+2.68%

AVDS

N/A

Max(CAGR)

PMM

+4.11%

Winner

AVDS

+18.21%

PMM vs AVDS - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PMM	AVDS
2026	+2.49%	+8.50%
2025	+9.59%	+38.25%
2024	+3.02%	+4.54%
2023	+2.56%	+3.78%
2022	-24.71%	N/A
2021	+14.43%	N/A
2020	+5.39%	N/A
2019	+20.89%	N/A
2018	-4.36%	N/A
2017	+8.41%	N/A
2016	+1.50%	N/A
2015	+8.42%	N/A
2014	+16.71%	N/A
2013	-14.18%	N/A
2012	+13.90%	N/A
2011	+16.72%	N/A
2010	+11.36%	N/A
2009	+39.05%	N/A
2008	-23.78%	N/A
2007	-4.68%	N/A
2006	+13.52%	N/A
2005	+5.00%	N/A
2004	+4.05%	N/A
2003	+7.27%	N/A
2002	-1.93%	N/A
2001	+2.95%	N/A
2000	-2.73%	N/A
1999	-18.75%	N/A

PMM vs AVDS Drawdown Comparison

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

The maximum drawdown for AVDS was -13.51%, occurring on Apr 7, 2025. Recovery took 27 trading sessions.

The current PMM drawdown is -12.13%. The current AVDS drawdown is -4.09%.

Rank	PMM	AVDS
#1	-38.66% May 15, 2007 - Oct 6, 2009	-13.51% Mar 19, 2025 - Apr 28, 2025
#2	-37.70% Dec 23, 2021 - Oct 25, 2023	-13.09% Jul 31, 2023 - Dec 14, 2023
#3	-29.07% Feb 25, 2020 - Dec 31, 2020	-12.44% Feb 27, 2026 - May 26, 2026
#4	-23.55% Aug 23, 2000 - May 23, 2005	-9.51% Sep 26, 2024 - Mar 17, 2025
#5	-22.09% Jan 25, 2013 - Oct 22, 2015	-7.37% Jul 16, 2024 - Aug 21, 2024
#6	-19.37% Nov 1, 1999 - Aug 17, 2000	-5.30% Oct 27, 2025 - Nov 28, 2025
#7	-15.50% Oct 19, 2010 - Jul 22, 2011	-4.46% Dec 27, 2023 - Mar 6, 2024
#8	-12.72% Sep 28, 2016 - Sep 13, 2017	-4.39% Apr 9, 2024 - May 9, 2024
#9	-10.42% Aug 25, 2005 - Aug 15, 2006	-4.13% Aug 27, 2024 - Sep 19, 2024
#10	-9.63% Sep 15, 2017 - Feb 8, 2019	-4.09% May 29, 2026 - Jun 5, 2026
#11	-8.11% Mar 8, 2012 - May 9, 2012	-3.71% Jun 3, 2024 - Jul 12, 2024
#12	-8.09% Jul 22, 2011 - Aug 22, 2011	-3.58% Jul 23, 2025 - Aug 12, 2025
#13	-7.15% Oct 3, 2012 - Jan 8, 2013	-3.33% Jan 27, 2026 - Feb 9, 2026
#14	-6.40% Jun 25, 2021 - Nov 18, 2021	-3.25% Oct 6, 2025 - Oct 27, 2025
#15	-6.36% Oct 6, 2009 - Jan 15, 2010	-2.30% May 20, 2024 - May 31, 2024

Correlation

Correlation between PMM and AVDS is 0.81 which considered as a strong positive correlation - the stocks tend to move together.

0.81

-101

Dividend Comparison (2000 - 2026)

PMM vs AVDS dividend yield comparison.

Year	PMM	AVDS
2026	2.13%	0.04%
2025	4.90%	2.37%
2024	4.78%	3.07%
2023	5.10%	0.72%
2022	6.11%	0.00%
2021	4.38%	0.00%
2020	4.76%	0.00%
2019	4.81%	0.00%
2018	5.42%	0.00%
2017	5.38%	0.00%
2016	6.09%	0.00%
2015	5.92%	0.00%
2014	6.22%	0.00%
2013	7.03%	0.00%
2012	5.79%	0.00%
2011	7.00%	0.00%
2010	7.59%	0.00%
2009	7.05%	0.00%
2008	8.29%	0.00%
2007	5.86%	0.00%
2006	5.33%	0.00%
2005	6.04%	0.00%
2004	7.08%	0.00%
2003	7.60%	0.00%
2002	7.71%	0.00%
2001	7.17%	0.00%
2000	2.97%	0.00%