PMO vs USDX

Comparison between Putnam Municipal Opportunities Trust (PMO, ETF) and SGI ENHANCED CORE ETF (USDX, ETF).

PMO vs USDX - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PMO(ETF)	USDX(ETF)
Net Assets	$312M	$313M
Expense Ratio	N/A	1.08%
Max Drawdown	44.44%	3.80%
Sharpe Ratio	0.98	1.29
5Y Beta	0.19	0.00
5Y Dividends CAGR	-7.33%	N/A

Net Assets

PMO

$312M

Winner

USDX

$313M

Expense Ratio

PMO

N/A

USDX

1.08%

Max Drawdown

PMO

44.44%

Winner

USDX

3.80%

Sharpe Ratio

PMO

0.98

Winner

USDX

1.29

5Y Beta

PMO

0.19

Winner

USDX

0.00

5Y Dividends CAGR

PMO

-7.33%

USDX

N/A

PMO vs USDX - Historical Returns

Returns include dividend reinvestment.

Period	PMO	USDX
1 month	+2.02%	+0.74%
3 months	+1.54%	+1.62%
6 months	+3.27%	+2.79%
1 year	+12.59%	+6.52%
5 years(CAGR)	-1.06%	N/A
10 years(CAGR)	+2.63%	N/A
Max(CAGR)	+5.18%	+6.80%

Winner

PMO

+2.02%

USDX

+0.74%

PMO

+1.54%

Winner

USDX

+1.62%

Winner

PMO

+3.27%

USDX

+2.79%

Winner

PMO

+12.59%

USDX

+6.52%

5Y(CAGR)

PMO

-1.06%

USDX

N/A

10Y(CAGR)

PMO

+2.63%

USDX

N/A

Max(CAGR)

PMO

+5.18%

Winner

USDX

+6.80%

PMO vs USDX - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PMO	USDX
2026	+1.04%	+2.43%
2025	+9.91%	+6.20%
2024	+2.45%	+6.87%
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 USDX 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 USDX was -0.94%, occurring on Jan 27, 2026. Recovery took 22 trading sessions.

The current PMO drawdown is -12.74%. The current USDX drawdown is -0.02%.

Rank	PMO	USDX
#1	-36.47% Dec 23, 2021 - Oct 23, 2023	-0.94% Jan 21, 2026 - Feb 23, 2026
#2	-30.16% Apr 3, 2007 - Sep 3, 2009	-0.74% Apr 7, 2025 - May 16, 2025
#3	-26.06% Feb 25, 2020 - Jul 17, 2020	-0.64% May 29, 2026 - Jun 4, 2026
#4	-22.27% Nov 30, 2012 - Jan 15, 2015	-0.35% May 7, 2026 - May 14, 2026
#5	-15.92% Oct 18, 2010 - Aug 17, 2011	-0.31% Apr 30, 2026 - May 7, 2026
#6	-14.04% Aug 22, 2016 - Feb 14, 2019	-0.29% May 21, 2026 - May 29, 2026
#7	-13.12% Apr 1, 2004 - Oct 27, 2006	-0.26% May 14, 2026 - May 20, 2026
#8	-12.90% Nov 5, 1999 - Jul 11, 2000	-0.24% Jul 1, 2024 - Jul 3, 2024
#9	-10.47% Oct 7, 2002 - May 6, 2003	-0.23% Oct 25, 2024 - Nov 4, 2024
#10	-10.09% Sep 18, 2001 - Sep 4, 2002	-0.23% Dec 23, 2024 - Jan 2, 2025
#11	-8.71% Aug 18, 2021 - Dec 20, 2021	-0.21% Jan 15, 2026 - Jan 21, 2026
#12	-7.75% Jul 7, 2003 - Dec 18, 2003	-0.21% Nov 11, 2024 - Nov 14, 2024
#13	-7.05% Aug 5, 2020 - Dec 15, 2020	-0.21% Dec 16, 2024 - Dec 23, 2024
#14	-6.52% Feb 2, 2015 - Oct 21, 2015	-0.19% Jul 10, 2025 - Jul 21, 2025
#15	-5.79% Jul 8, 2016 - Aug 17, 2016	-0.19% Mar 26, 2026 - Mar 30, 2026

Correlation

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

0.79

-101

Dividend Comparison (2000 - 2026)

PMO vs USDX dividend yield comparison.

Year	PMO	USDX
2026	1.86%	1.67%
2025	4.25%	5.88%
2024	4.15%	4.60%
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%