PMM vs TAXX

Comparison between Putnam Managed Municipal Income Trust. (PMM, ETF) and BONDBLOXX IR+M TAX-AWARE SHORT DURATION ETF (TAXX, ETF).

PMM vs TAXX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PMM(ETF)	TAXX(ETF)
Net Assets	$289M	$288M
Expense Ratio	N/A	0.35%
Max Drawdown	55.45%	1.50%
Sharpe Ratio	0.83	0.03
5Y Beta	0.24	0.01
5Y Dividends CAGR	-5.23%	N/A

Net Assets

Winner

PMM

$289M

TAXX

$288M

Expense Ratio

PMM

N/A

TAXX

0.35%

Max Drawdown

PMM

55.45%

Winner

TAXX

1.50%

Sharpe Ratio

Winner

PMM

0.83

TAXX

0.03

5Y Beta

PMM

0.24

Winner

TAXX

0.01

5Y Dividends CAGR

PMM

-5.23%

TAXX

N/A

PMM vs TAXX - Historical Returns

Returns include dividend reinvestment.

Period	PMM	TAXX
1 month	+0.75%	+0.41%
3 months	+1.63%	+0.58%
6 months	+4.86%	+1.60%
1 year	+11.96%	+3.81%
5 years(CAGR)	-0.79%	N/A
10 years(CAGR)	+2.74%	N/A
Max(CAGR)	+4.14%	+4.10%

Winner

PMM

+0.75%

TAXX

+0.41%

Winner

PMM

+1.63%

TAXX

+0.58%

Winner

PMM

+4.86%

TAXX

+1.60%

Winner

PMM

+11.96%

TAXX

+3.81%

5Y(CAGR)

PMM

-0.79%

TAXX

N/A

10Y(CAGR)

PMM

+2.74%

TAXX

N/A

Max(CAGR)

Winner

PMM

+4.14%

TAXX

+4.10%

PMM vs TAXX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PMM	TAXX
2026	+3.48%	+1.12%
2025	+9.59%	+4.38%
2024	+3.02%	+3.51%
2023	+2.56%	N/A
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 TAXX Drawdown Comparison

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

The maximum drawdown for TAXX was -0.91%, occurring on Apr 11, 2025. Recovery took 28 trading sessions.

The current PMM drawdown is -11.28%. The current TAXX drawdown is -0.04%.

Rank	PMM	TAXX
#1	-38.66% May 15, 2007 - Oct 6, 2009	-0.91% Apr 4, 2025 - May 15, 2025
#2	-37.70% Dec 23, 2021 - Oct 25, 2023	-0.88% Feb 27, 2026 - Jun 1, 2026
#3	-29.07% Feb 25, 2020 - Dec 31, 2020	-0.63% Jun 30, 2025 - Aug 8, 2025
#4	-23.55% Aug 23, 2000 - May 23, 2005	-0.59% Mar 20, 2024 - May 3, 2024
#5	-22.09% Jan 25, 2013 - Oct 22, 2015	-0.46% Aug 19, 2025 - Sep 5, 2025
#6	-19.37% Nov 1, 1999 - Aug 17, 2000	-0.45% Oct 1, 2024 - Nov 25, 2024
#7	-15.50% Oct 19, 2010 - Jul 22, 2011	-0.41% Jul 23, 2024 - Aug 2, 2024
#8	-12.72% Sep 28, 2016 - Sep 13, 2017	-0.40% Dec 6, 2024 - Jan 17, 2025
#9	-10.42% Aug 25, 2005 - Aug 15, 2006	-0.38% May 15, 2024 - Jun 5, 2024
#10	-9.63% Sep 15, 2017 - Feb 8, 2019	-0.37% Oct 30, 2025 - Dec 4, 2025
#11	-8.11% Mar 8, 2012 - May 9, 2012	-0.25% Mar 3, 2025 - Apr 1, 2025
#12	-8.09% Jul 22, 2011 - Aug 22, 2011	-0.23% Sep 26, 2025 - Oct 17, 2025
#13	-7.15% Oct 3, 2012 - Jan 8, 2013	-0.20% Jan 27, 2025 - Jan 31, 2025
#14	-6.40% Jun 25, 2021 - Nov 18, 2021	-0.20% Aug 5, 2024 - Aug 13, 2024
#15	-6.36% Oct 6, 2009 - Jan 15, 2010	-0.19% Feb 6, 2025 - Feb 20, 2025

Correlation

Correlation between PMM and TAXX is 0.79 which considered as a strong positive correlation - the stocks tend to move together.

0.79

-101

Dividend Comparison (2000 - 2026)

PMM vs TAXX dividend yield comparison.

Year	PMM	TAXX
2026	2.11%	1.29%
2025	4.90%	3.72%
2024	4.78%	2.70%
2023	5.10%	0.00%
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%