PMM vs EOT

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

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

PMM vs EOT - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

PMM

$281M

EOT

$280M

Max Drawdown

PMM

55.45%

Winner

EOT

40.61%

Sharpe Ratio

Winner

PMM

0.81

EOT

0.77

5Y Beta

PMM

0.25

Winner

EOT

0.17

5Y Dividends CAGR

PMM

-2.55%

Winner

EOT

2.97%

PMM vs EOT - Historical Returns

Returns include dividend reinvestment.

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

PMM

-1.98%

Winner

EOT

+1.51%

PMM

+2.39%

Winner

EOT

+3.95%

PMM

+0.64%

Winner

EOT

+1.86%

Winner

PMM

+12.80%

EOT

+11.41%

5Y(CAGR)

Winner

PMM

-1.21%

EOT

-1.38%

10Y(CAGR)

Winner

PMM

+2.76%

EOT

+1.76%

Max(CAGR)

PMM

+4.15%

Winner

EOT

+4.25%

PMM vs EOT - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PMM	EOT
2026	+4.61%	+5.08%
2025	+9.59%	+6.79%
2024	+3.02%	+1.12%
2023	+2.56%	+7.34%
2022	-24.71%	-22.68%
2021	+14.43%	+12.12%
2020	+5.39%	-2.72%
2019	+20.89%	+19.35%
2018	-4.36%	-12.34%
2017	+8.41%	+14.03%
2016	+1.50%	+2.25%
2015	+8.42%	+7.26%
2014	+16.71%	+19.53%
2013	-14.18%	-14.49%
2012	+13.90%	+11.58%
2011	+16.72%	+16.47%
2010	+11.36%	+5.94%
2009	+39.05%	-0.62%
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 EOT Drawdown Comparison

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

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

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

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

Correlation

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

0.98

-101

Dividend Comparison (2000 - 2026)

PMM vs EOT dividend yield comparison.

Year	PMM	EOT
2026	3.70%	3.17%
2025	4.90%	4.85%
2024	4.78%	4.77%
2023	5.10%	4.43%
2022	6.11%	4.56%
2021	4.38%	3.44%
2020	4.76%	3.80%
2019	4.81%	4.73%
2018	5.42%	6.13%
2017	5.38%	5.12%
2016	6.09%	5.96%
2015	5.92%	4.83%
2014	6.22%	4.90%
2013	7.03%	5.63%
2012	5.79%	4.91%
2011	7.00%	5.71%
2010	7.59%	7.15%
2009	7.05%	3.64%
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%