TAXX vs PMM

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

TAXX vs PMM - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	TAXX(ETF)	PMM(ETF)
Net Assets	$288M	$289M
Expense Ratio	0.35%	N/A
Max Drawdown	1.50%	55.45%
Sharpe Ratio	0.09	0.83
5Y Beta	0.01	0.24
5Y Dividends CAGR	N/A	-5.23%

Net Assets

TAXX

$288M

Winner

PMM

$289M

Expense Ratio

TAXX

0.35%

PMM

N/A

Max Drawdown

Winner

TAXX

1.50%

PMM

55.45%

Sharpe Ratio

TAXX

0.09

Winner

PMM

0.83

5Y Beta

Winner

TAXX

0.01

PMM

0.24

5Y Dividends CAGR

TAXX

N/A

PMM

-5.23%

TAXX vs PMM - Historical Returns

Returns include dividend reinvestment.

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

TAXX

+0.41%

Winner

PMM

+0.75%

TAXX

+0.58%

Winner

PMM

+1.63%

TAXX

+1.60%

Winner

PMM

+4.86%

TAXX

+3.81%

Winner

PMM

+11.96%

5Y(CAGR)

TAXX

N/A

PMM

-0.79%

10Y(CAGR)

TAXX

N/A

PMM

+2.74%

Max(CAGR)

TAXX

+4.10%

Winner

PMM

+4.14%

TAXX vs PMM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TAXX	PMM
2026	+1.12%	+3.48%
2025	+4.38%	+9.59%
2024	+3.51%	+3.02%
2023	N/A	+2.56%
2022	N/A	-24.71%
2021	N/A	+14.43%
2020	N/A	+5.39%
2019	N/A	+20.89%
2018	N/A	-4.36%
2017	N/A	+8.41%
2016	N/A	+1.50%
2015	N/A	+8.42%
2014	N/A	+16.71%
2013	N/A	-14.18%
2012	N/A	+13.90%
2011	N/A	+16.72%
2010	N/A	+11.36%
2009	N/A	+39.05%
2008	N/A	-23.78%
2007	N/A	-4.68%
2006	N/A	+13.52%
2005	N/A	+5.00%
2004	N/A	+4.05%
2003	N/A	+7.27%
2002	N/A	-1.93%
2001	N/A	+2.95%
2000	N/A	-2.73%
1999	N/A	-18.75%

TAXX vs PMM Drawdown Comparison

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

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

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

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

Correlation

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

0.79

-101

Dividend Comparison (2000 - 2026)

TAXX vs PMM dividend yield comparison.

Year	TAXX	PMM
2026	1.29%	2.11%
2025	3.72%	4.90%
2024	2.70%	4.78%
2023	0.00%	5.10%
2022	0.00%	6.11%
2021	0.00%	4.38%
2020	0.00%	4.76%
2019	0.00%	4.81%
2018	0.00%	5.42%
2017	0.00%	5.38%
2016	0.00%	6.09%
2015	0.00%	5.92%
2014	0.00%	6.22%
2013	0.00%	7.03%
2012	0.00%	5.79%
2011	0.00%	7.00%
2010	0.00%	7.59%
2009	0.00%	7.05%
2008	0.00%	8.29%
2007	0.00%	5.86%
2006	0.00%	5.33%
2005	0.00%	6.04%
2004	0.00%	7.08%
2003	0.00%	7.60%
2002	0.00%	7.71%
2001	0.00%	7.17%
2000	0.00%	2.97%