PMO vs UJAN

Comparison between Putnam Municipal Opportunities Trust (PMO, ETF) and Innovator U.S. Equity Ultra Buffer ETF - January (UJAN, ETF).

5-Year PerformanceUJAN has outperformed PMO, delivering a return of +8.0% compared to -1.1%

PMO vs UJAN - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PMO(ETF)	UJAN(ETF)
Net Assets	$315M	$314M
Expense Ratio	N/A	0.79%
Max Drawdown	44.44%	13.69%
Sharpe Ratio	0.99	1.44
5Y Beta	0.18	0.39
5Y Dividends CAGR	-6.84%	N/A

Net Assets

Winner

PMO

$315M

UJAN

$314M

Expense Ratio

PMO

N/A

UJAN

0.79%

Max Drawdown

PMO

44.44%

Winner

UJAN

13.69%

Sharpe Ratio

PMO

0.99

Winner

UJAN

1.44

5Y Beta

Winner

PMO

0.18

UJAN

0.39

5Y Dividends CAGR

PMO

-6.84%

UJAN

N/A

PMO vs UJAN - Historical Returns

Returns include dividend reinvestment.

Period	PMO	UJAN
1 month	-0.55%	+0.73%
3 months	+2.02%	+3.36%
6 months	+2.79%	+5.02%
1 year	+13.25%	+11.67%
5 years(CAGR)	-1.12%	+8.02%
10 years(CAGR)	+2.51%	N/A
Max(CAGR)	+5.19%	+8.15%

PMO

-0.55%

Winner

UJAN

+0.73%

PMO

+2.02%

Winner

UJAN

+3.36%

PMO

+2.79%

Winner

UJAN

+5.02%

Winner

PMO

+13.25%

UJAN

+11.67%

5Y(CAGR)

PMO

-1.12%

Winner

UJAN

+8.02%

10Y(CAGR)

PMO

+2.51%

UJAN

N/A

Max(CAGR)

PMO

+5.19%

Winner

UJAN

+8.15%

PMO vs UJAN - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PMO	UJAN
2026	+1.73%	+5.22%
2025	+9.91%	+11.15%
2024	+2.45%	+13.57%
2023	-3.28%	+16.04%
2022	-19.78%	-6.13%
2021	+9.37%	+6.36%
2020	+9.03%	+6.72%
2019	+21.21%	+10.23%
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 UJAN 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 UJAN was -13.69%, occurring on Mar 20, 2020. Recovery took 117 trading sessions.

The current PMO drawdown is -12.15%. The current UJAN drawdown is -0.06%.

Rank	PMO	UJAN
#1	-36.47% Dec 23, 2021 - Oct 23, 2023	-13.69% Feb 19, 2020 - Aug 5, 2020
#2	-30.16% Apr 3, 2007 - Sep 3, 2009	-9.03% Feb 19, 2025 - Jun 24, 2025
#3	-26.06% Feb 25, 2020 - Jul 17, 2020	-8.85% Jan 3, 2022 - May 18, 2023
#4	-22.27% Nov 30, 2012 - Jan 15, 2015	-4.84% Sep 14, 2023 - Nov 8, 2023
#5	-15.92% Oct 18, 2010 - Aug 17, 2011	-3.98% Feb 2, 2026 - Apr 14, 2026
#6	-14.04% Aug 22, 2016 - Feb 14, 2019	-3.25% Jul 16, 2024 - Aug 16, 2024
#7	-13.12% Apr 1, 2004 - Oct 27, 2006	-2.94% Oct 12, 2020 - Nov 6, 2020
#8	-12.90% Nov 5, 1999 - Jul 11, 2000	-2.51% Sep 2, 2020 - Oct 9, 2020
#9	-10.47% Oct 7, 2002 - May 6, 2003	-2.50% Mar 28, 2024 - May 9, 2024
#10	-10.09% Sep 18, 2001 - Sep 4, 2002	-2.01% Apr 30, 2019 - Jun 17, 2019
#11	-8.71% Aug 18, 2021 - Dec 20, 2021	-1.82% Jul 26, 2019 - Sep 11, 2019
#12	-7.75% Jul 7, 2003 - Dec 18, 2003	-1.43% Aug 30, 2024 - Sep 16, 2024
#13	-7.05% Aug 5, 2020 - Dec 15, 2020	-1.41% Jun 4, 2026 - Jul 6, 2026
#14	-6.52% Feb 2, 2015 - Oct 21, 2015	-1.38% Jul 31, 2023 - Aug 30, 2023
#15	-5.79% Jul 8, 2016 - Aug 17, 2016	-1.34% Nov 11, 2025 - Nov 25, 2025