Franklin Managed Municipal Income (PMM) vs XAI Floating Rate & Alternative Income (XFLT)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Franklin Managed Municipal Income (PMM) has outperformed XAI Floating Rate & Alternative Income (XFLT) over the past year, losing 8.2% versus a loss of 27.3%. Over five years, PMM leads with a -33.8% price change compared with -56.3% for XFLT. XAI Floating Rate & Alternative Income is the larger company by market cap ($289.2 million vs $241.2 million), about 1.2 times the size.
Franklin Managed Municipal Income pays a dividend yielding 5.36%, while XAI Floating Rate & Alternative Income does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | PMM | XFLT |
|---|---|---|
| Share price | $5.63 | $18.99 |
| Market cap | $241.15M | $289.23M |
| 1-day change | +0.90% | +0.11% |
| YTD return | -10.21% | -20.96% |
| 1-year return | -8.16% | -27.32% |
| 5-year return | -33.76% | -56.29% |
| P/E ratio (TTM) | 10.43 | — |
| EPS (TTM) | $0.54 | $-3.90 |
| Dividend yield | 5.36% | 14.23% |
| Annual dividend | $0.302 | $0.00 |
| 52-week high | $6.60 | $26.25 |
| 52-week low | $5.39 | $14.93 |
| Distance from 52-week high | -14.70% | -27.66% |
| Analyst consensus | none | — |
| Average volume | 132.62K | 87.44K |
| Shares outstanding | 42.83M | 15.23M |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- PMM has outperformed XFLT by 19.2 percentage points over the past year.
- XAI Floating Rate & Alternative Income offers a meaningfully higher dividend yield (14.23% vs 5.36%).
About Franklin Managed Municipal Income
PMM stock →Putnam Managed Municipal Income Trust is a close-ended fixed income mutual fund launched and managed by Putnam Investment Management LLC. It is co-managed by Putnam Investments Limited.
Finance · Investment Managers
About XAI Floating Rate & Alternative Income
XFLT stock →XAI Floating Rate & Alternative Income Trust is headquartered in Chicago, Illinois.
Finance · Investment Managers
PMM vs XFLT FAQ
Which is bigger, Franklin Managed Municipal Income or XAI Floating Rate & Alternative Income?
XAI Floating Rate & Alternative Income (XFLT) is larger, with a market capitalization of $289.23M compared with $241.15M for Franklin Managed Municipal Income (PMM).
Which stock has performed better over the past year, PMM or XFLT?
PMM returned -8.16% over the past 12 months, compared with -27.32% for XFLT (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Franklin Managed Municipal Income or XAI Floating Rate & Alternative Income?
XAI Floating Rate & Alternative Income has the higher yield at 14.23%, compared with 5.36% for Franklin Managed Municipal Income.
Are Franklin Managed Municipal Income and XAI Floating Rate & Alternative Income in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.