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PMM correlations (Franklin Managed Municipal Income Trust Shares of)

Which assets move with PMM and which ones diversify it, computed from weekly returns across 4756 stocks and ETFs.

Data as of 2026-08-27 · refreshed every trading day · US Listed

Volatility (ann.)
12.6%
3y weekly
Beta vs S&P 500
0.35
3y weekly
1-year return
+13.8%
price, adjusted
5-year return
-5.6%
price, adjusted
Market cap
$0.3B
latest
P/E ratio
11.4
trailing
Dividend yield
4.84%
trailing
Max drawdown
-12.7%
3y, daily closes
0%+15%2025-09-052026-08-27
PMM over the last 12 months, weekly closes indexed to 100 at the start.

Stocks and ETFs most correlated with PMM

AssetCorrelation (3Y)
MQYBlackrock MuniYield Quality Fund, Inc.0.75
NEANuveen AMT-Free Quality Municipal Income Fund0.75
LEOBNY Mellon Strategic Municipals, Inc.0.74
VGMInvesco Trust for Investment Grade Municipals0.74
IQIInvesco Quality Municipal Income Trust0.73

Best diversifiers for PMM

The least-correlated liquid assets in our universe, meaning the ones that historically moved most independently from PMM.

AssetCorrelation (3Y)
VXZiPath Series B S&P 500 VIX Mid-Term Futures ETN-0.32
VXXiPath Series B S&P 500 VIX Short-Term Futures ETN-0.29
FNGDMicroSectors FANG Index -3X Inverse Leveraged ETNs due-0.29

PMM vs benchmarks

PMM vs SPY 0.40 PMM vs QQQ 0.33

Get PMM data as JSON

Free API · no key required
$ curl https://www.pairbook.io/api/v1/symbols/pmm.json

Correlations, diversifiers, beta and volatility for PMM, plus one endpoint per pair. API documentation.