PMO vs AVGX

Comparison between Putnam Municipal Opportunities Trust (PMO, ETF) and DEFIANCE DAILY TARGET 2X LONG AVGO ETF (AVGX, ETF).

PMO vs AVGX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PMO(ETF)	AVGX(ETF)
Net Assets	$315M	$317M
Max Drawdown	44.44%	71.20%
Sharpe Ratio	0.99	0.72
5Y Beta	0.18	3.87
5Y Dividends CAGR	-6.84%	N/A

Net Assets

PMO

$315M

Winner

AVGX

$317M

Max Drawdown

Winner

PMO

44.44%

AVGX

71.20%

Sharpe Ratio

Winner

PMO

0.99

AVGX

0.72

5Y Beta

Winner

PMO

0.18

AVGX

3.87

5Y Dividends CAGR

PMO

-6.84%

AVGX

N/A

PMO vs AVGX - Historical Returns

Returns include dividend reinvestment.

Period	PMO	AVGX
1 month	-0.55%	-5.49%
3 months	+2.02%	-17.16%
6 months	+2.79%	+15.36%
1 year	+13.25%	+26.30%
5 years(CAGR)	-1.12%	N/A
10 years(CAGR)	+2.51%	N/A
Max(CAGR)	+5.19%	+63.44%

Winner

PMO

-0.55%

AVGX

-5.49%

Winner

PMO

+2.02%

AVGX

-17.16%

PMO

+2.79%

Winner

AVGX

+15.36%

PMO

+13.25%

Winner

AVGX

+26.30%

5Y(CAGR)

PMO

-1.12%

AVGX

N/A

10Y(CAGR)

PMO

+2.51%

AVGX

N/A

Max(CAGR)

PMO

+5.19%

Winner

AVGX

+63.44%

PMO vs AVGX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PMO	AVGX
2026	+1.73%	+1.74%
2025	+9.91%	+46.84%
2024	+2.45%	+69.96%
2023	-3.28%	N/A
2022	-19.78%	N/A
2021	+9.37%	N/A
2020	+9.03%	N/A
2019	+21.21%	N/A
2018	-4.43%	N/A
2017	+8.53%	N/A
2016	+2.30%	N/A
2015	+8.40%	N/A
2014	+18.82%	N/A
2013	-14.31%	N/A
2012	+12.61%	N/A
2011	+22.64%	N/A
2010	+4.65%	N/A
2009	+34.84%	N/A
2008	-17.87%	N/A
2007	-1.05%	N/A
2006	+10.34%	N/A
2005	-0.56%	N/A
2004	+0.91%	N/A
2003	+15.65%	N/A
2002	+1.00%	N/A
2001	+3.07%	N/A
2000	+18.39%	N/A
1999	-11.15%	N/A

PMO vs AVGX Drawdown Comparison

The maximum drawdown for PMO was -36.47%, occurring on Oct 23, 2023. This drawdown has not yet recovered.

The maximum drawdown for AVGX was -70.97%, occurring on Apr 4, 2025. Recovery took 144 trading sessions.

The current PMO drawdown is -12.15%. The current AVGX drawdown is -40.25%.

Rank	PMO	AVGX
#1	-36.47% Dec 23, 2021 - Oct 23, 2023	-70.97% Dec 16, 2024 - Jul 17, 2025
#2	-30.16% Apr 3, 2007 - Sep 3, 2009	-54.09% Dec 10, 2025 - May 29, 2026
#3	-26.06% Feb 25, 2020 - Jul 17, 2020	-47.47% Jun 2, 2026 - Jul 2, 2026
#4	-22.27% Nov 30, 2012 - Jan 15, 2015	-34.13% Aug 23, 2024 - Sep 20, 2024
#5	-15.92% Oct 18, 2010 - Aug 17, 2011	-28.67% Oct 9, 2024 - Dec 13, 2024
#6	-14.04% Aug 22, 2016 - Feb 14, 2019	-24.52% Sep 10, 2025 - Oct 29, 2025
#7	-13.12% Apr 1, 2004 - Oct 27, 2006	-23.68% Oct 29, 2025 - Nov 26, 2025
#8	-12.90% Nov 5, 1999 - Jul 11, 2000	-14.84% Aug 12, 2025 - Sep 5, 2025
#9	-10.47% Oct 7, 2002 - May 6, 2003	-12.25% Sep 26, 2024 - Oct 8, 2024
#10	-10.09% Sep 18, 2001 - Sep 4, 2002	-10.94% Nov 28, 2025 - Dec 9, 2025
#11	-8.71% Aug 18, 2021 - Dec 20, 2021	-9.52% Jul 30, 2025 - Aug 7, 2025
#12	-7.75% Jul 7, 2003 - Dec 18, 2003	-6.68% Jul 21, 2025 - Jul 24, 2025
#13	-7.05% Aug 5, 2020 - Dec 15, 2020	-5.36% Sep 8, 2025 - Sep 10, 2025
#14	-6.52% Feb 2, 2015 - Oct 21, 2015	-2.45% Jul 17, 2025 - Jul 21, 2025
#15	-5.79% Jul 8, 2016 - Aug 17, 2016	-0.75% Aug 8, 2025 - Aug 12, 2025

Correlation

Correlation between PMO and AVGX is 0.49 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.49

-101

Dividend Comparison (2000 - 2026)

PMO vs AVGX dividend yield comparison.

Year	PMO	AVGX
2026	2.35%	0.00%
2025	4.25%	1.65%
2024	4.15%	0.81%
2023	4.64%	0.00%
2022	5.87%	0.00%
2021	4.42%	0.00%
2020	4.65%	0.00%
2019	4.85%	0.00%
2018	5.55%	0.00%
2017	5.26%	0.00%
2016	5.89%	0.00%
2015	5.81%	0.00%
2014	5.95%	0.00%
2013	6.35%	0.00%
2012	5.82%	0.00%
2011	6.48%	0.00%
2010	7.32%	0.00%
2009	6.70%	0.00%
2008	7.36%	0.00%
2007	5.10%	0.00%
2006	5.04%	0.00%
2005	6.25%	0.00%
2004	7.59%	0.00%
2003	7.25%	0.00%
2002	7.47%	0.00%
2001	7.09%	0.00%
2000	2.91%	0.00%