PMM vs XDTE

Comparison between Putnam Managed Municipal Income Trust. (PMM, ETF) and ROUNDHILL S&P 500 0DTE COVERED CALL STRATEGY ETF (XDTE, ETF).

PMM vs XDTE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PMM(ETF)	XDTE(ETF)
Net Assets	$287M	$288M
Expense Ratio	N/A	0.97%
Max Drawdown	55.45%	32.94%
Sharpe Ratio	0.75	1.55
5Y Beta	0.25	0.80
5Y Dividends CAGR	-5.23%	N/A

Net Assets

PMM

$287M

Winner

XDTE

$288M

Expense Ratio

PMM

N/A

XDTE

0.97%

Max Drawdown

PMM

55.45%

Winner

XDTE

32.94%

Sharpe Ratio

PMM

0.75

Winner

XDTE

1.55

5Y Beta

Winner

PMM

0.25

XDTE

0.80

5Y Dividends CAGR

PMM

-5.23%

XDTE

N/A

PMM vs XDTE - Historical Returns

Returns include dividend reinvestment.

Period	PMM	XDTE
1 month	+1.08%	+0.90%
3 months	-1.47%	+5.00%
6 months	+1.95%	+6.13%
1 year	+11.94%	+23.35%
5 years(CAGR)	-1.23%	N/A
10 years(CAGR)	+2.68%	N/A
Max(CAGR)	+4.11%	+15.98%

Winner

PMM

+1.08%

XDTE

+0.90%

PMM

-1.47%

Winner

XDTE

+5.00%

PMM

+1.95%

Winner

XDTE

+6.13%

PMM

+11.94%

Winner

XDTE

+23.35%

5Y(CAGR)

PMM

-1.23%

XDTE

N/A

10Y(CAGR)

PMM

+2.68%

XDTE

N/A

Max(CAGR)

PMM

+4.11%

Winner

XDTE

+15.98%

PMM vs XDTE - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PMM	XDTE
2026	+2.49%	+6.11%
2025	+9.59%	+12.98%
2024	+3.02%	+16.37%
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 XDTE Drawdown Comparison

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

The maximum drawdown for XDTE was -19.02%, occurring on Apr 21, 2025. Recovery took 108 trading sessions.

The current PMM drawdown is -12.13%. The current XDTE drawdown is -2.91%.

Rank	PMM	XDTE
#1	-38.66% May 15, 2007 - Oct 6, 2009	-19.02% Feb 19, 2025 - Jul 25, 2025
#2	-37.70% Dec 23, 2021 - Oct 25, 2023	-7.66% Feb 2, 2026 - Apr 17, 2026
#3	-29.07% Feb 25, 2020 - Dec 31, 2020	-6.89% Jul 16, 2024 - Aug 15, 2024
#4	-23.55% Aug 23, 2000 - May 23, 2005	-5.04% Mar 28, 2024 - May 10, 2024
#5	-22.09% Jan 25, 2013 - Oct 22, 2015	-4.54% Dec 6, 2024 - Jan 23, 2025
#6	-19.37% Nov 1, 1999 - Aug 17, 2000	-4.17% Aug 30, 2024 - Sep 19, 2024
#7	-15.50% Oct 19, 2010 - Jul 22, 2011	-4.15% Oct 29, 2025 - Nov 28, 2025
#8	-12.72% Sep 28, 2016 - Sep 13, 2017	-2.91% Jun 2, 2026 - Jun 5, 2026
#9	-10.42% Aug 25, 2005 - Aug 15, 2006	-2.85% Oct 8, 2025 - Oct 24, 2025
#10	-9.63% Sep 15, 2017 - Feb 8, 2019	-2.61% Dec 11, 2025 - Dec 23, 2025
#11	-8.11% Mar 8, 2012 - May 9, 2012	-2.28% Jan 12, 2026 - Jan 26, 2026
#12	-8.09% Jul 22, 2011 - Aug 22, 2011	-2.13% Jul 28, 2025 - Aug 12, 2025
#13	-7.15% Oct 3, 2012 - Jan 8, 2013	-2.01% Oct 18, 2024 - Nov 6, 2024
#14	-6.40% Jun 25, 2021 - Nov 18, 2021	-1.88% Jan 23, 2025 - Feb 18, 2025
#15	-6.36% Oct 6, 2009 - Jan 15, 2010	-1.75% May 14, 2026 - May 26, 2026

Correlation

Correlation between PMM and XDTE is 0.86 which considered as a strong positive correlation - the stocks tend to move together.

0.86

-101

Dividend Comparison (2000 - 2026)

PMM vs XDTE dividend yield comparison.

Year	PMM	XDTE
2026	2.13%	8.41%
2025	4.90%	39.16%
2024	4.78%	20.35%
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%