PMM vs OPPJ

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

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

PMM vs OPPJ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

PMM

$281M

OPPJ

$280M

Expense Ratio

PMM

N/A

OPPJ

0.58%

Max Drawdown

PMM

55.45%

Winner

OPPJ

41.67%

Sharpe Ratio

PMM

0.81

Winner

OPPJ

1.73

5Y Beta

Winner

PMM

0.25

OPPJ

0.67

5Y Dividends CAGR

PMM

-2.55%

Winner

OPPJ

19.10%

PMM vs OPPJ - Historical Returns

Returns include dividend reinvestment.

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

PMM

-1.98%

Winner

OPPJ

+0.89%

Winner

PMM

+2.39%

OPPJ

-1.48%

PMM

+0.64%

Winner

OPPJ

+0.91%

PMM

+12.80%

Winner

OPPJ

+46.49%

5Y(CAGR)

PMM

-1.21%

Winner

OPPJ

+26.67%

10Y(CAGR)

PMM

+2.76%

Winner

OPPJ

+19.53%

Max(CAGR)

PMM

+4.15%

Winner

OPPJ

+17.71%

PMM vs OPPJ - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

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

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

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

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

Correlation

Correlation between PMM and OPPJ 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)

PMM vs OPPJ dividend yield comparison.

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