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USNZ vs PMM

Comparison between XTRACKERS NET ZERO PATHWAY PARIS ALIGNED US EQUITY ETF (USNZ, ETF) and Putnam Managed Municipal Income Trust. (PMM, ETF).

USNZ vs PMM - Performance Comparison

Key Characteristics

Financial metrics and valuation ratios

Net Assets
Winner
USNZ
$288M
PMM
$287M
Expense Ratio
USNZ
0.10%
PMM
N/A
Max Drawdown
Winner
USNZ
19.34%
PMM
55.45%
Sharpe Ratio
Winner
USNZ
1.50
PMM
0.75
5Y Beta
USNZ
0.98
Winner
PMM
0.25
P/E Ratio
USNZ
31.52
PMM
N/A
Forward P/E
USNZ
23.07
PMM
N/A
PEG Ratio
USNZ
0.34
PMM
N/A
5Y Dividends CAGR
USNZ
N/A
PMM
-5.23%
5Y EPS CAGR
USNZ
30.81%
PMM
N/A
Debt to Equity
USNZ
34.84%
PMM
N/A
P/S Ratio
USNZ
4.28
PMM
N/A
P/B Ratio
USNZ
6.96
PMM
N/A

USNZ vs PMM - Historical Returns

Returns include dividend reinvestment.

1M
Winner
USNZ
+2.82%
PMM
+1.08%
3M
Winner
USNZ
+10.29%
PMM
-1.47%
6M
Winner
USNZ
+7.70%
PMM
+1.95%
1Y
Winner
USNZ
+25.78%
PMM
+11.94%
5Y(CAGR)
USNZ
N/A
PMM
-1.23%
10Y(CAGR)
USNZ
N/A
PMM
+2.68%
Max(CAGR)
Winner
USNZ
+19.25%
PMM
+4.11%

USNZ vs PMM - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

YearUSNZPMM
2026+8.33%+2.49%
2025+17.91%+9.59%
2024+22.88%+3.02%
2023+27.98%+2.56%
2022+0.75%-24.71%
2021N/A+14.43%
2020N/A+5.39%
2019N/A+20.89%
2018N/A-4.36%
2017N/A+8.41%
2016N/A+1.50%
2015N/A+8.42%
2014N/A+16.71%
2013N/A-14.18%
2012N/A+13.90%
2011N/A+16.72%
2010N/A+11.36%
2009N/A+39.05%
2008N/A-23.78%
2007N/A-4.68%
2006N/A+13.52%
2005N/A+5.00%
2004N/A+4.05%
2003N/A+7.27%
2002N/A-1.93%
2001N/A+2.95%
2000N/A-2.73%
1999N/A-18.75%

USNZ vs PMM Drawdown Comparison

The maximum drawdown for USNZ was -19.16%, occurring on Apr 8, 2025. Recovery took 88 trading sessions.

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

The current USNZ drawdown is -3.14%. The current PMM drawdown is -12.13%.

RankUSNZPMM
#1-19.16%
Feb 19, 2025 - Jun 26, 2025
-38.66%
May 15, 2007 - Oct 6, 2009
#2-17.79%
Aug 16, 2022 - Jun 1, 2023
-37.70%
Dec 23, 2021 - Oct 25, 2023
#3-11.26%
Jul 31, 2023 - Dec 1, 2023
-29.07%
Feb 25, 2020 - Dec 31, 2020
#4-11.07%
Jan 28, 2026 - Apr 15, 2026
-23.55%
Aug 23, 2000 - May 23, 2005
#5-8.65%
Jul 16, 2024 - Sep 19, 2024
-22.09%
Jan 25, 2013 - Oct 22, 2015
#6-6.41%
Mar 28, 2024 - May 15, 2024
-19.37%
Nov 1, 1999 - Aug 17, 2000
#7-5.56%
Oct 28, 2025 - Dec 24, 2025
-15.50%
Oct 19, 2010 - Jul 22, 2011
#8-4.70%
Dec 4, 2024 - Feb 18, 2025
-12.72%
Sep 28, 2016 - Sep 13, 2017
#9-3.14%
Oct 14, 2024 - Nov 7, 2024
-10.42%
Aug 25, 2005 - Aug 15, 2006
#10-3.14%
Jun 2, 2026 - Jun 5, 2026
-9.63%
Sep 15, 2017 - Feb 8, 2019
#11-3.06%
Jan 12, 2026 - Jan 28, 2026
-8.11%
Mar 8, 2012 - May 9, 2012
#12-3.00%
Jul 7, 2022 - Jul 19, 2022
-8.09%
Jul 22, 2011 - Aug 22, 2011
#13-2.94%
Oct 8, 2025 - Oct 20, 2025
-7.15%
Oct 3, 2012 - Jan 8, 2013
#14-2.53%
Nov 8, 2024 - Nov 26, 2024
-6.40%
Jun 25, 2021 - Nov 18, 2021
#15-2.37%
Jul 21, 2022 - Jul 27, 2022
-6.36%
Oct 6, 2009 - Jan 15, 2010

Correlation

Correlation between USNZ 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)

USNZ vs PMM dividend yield comparison.

YearUSNZPMM
20260.18%2.13%
20251.02%4.90%
20241.14%4.78%
20231.19%5.10%
20220.80%6.11%
20210.00%4.38%
20200.00%4.76%
20190.00%4.81%
20180.00%5.42%
20170.00%5.38%
20160.00%6.09%
20150.00%5.92%
20140.00%6.22%
20130.00%7.03%
20120.00%5.79%
20110.00%7.00%
20100.00%7.59%
20090.00%7.05%
20080.00%8.29%
20070.00%5.86%
20060.00%5.33%
20050.00%6.04%
20040.00%7.08%
20030.00%7.60%
20020.00%7.71%
20010.00%7.17%
20000.00%2.97%

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