CALI vs KTF

Comparison between BlackRock Short-Term California Muni Bond ETF (CALI, ETF) and DWS Municipal Income Trust (KTF, ETF).

CALI vs KTF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	CALI(ETF)	KTF(ETF)
Net Assets	$361M	$361M
Expense Ratio	0.20%	N/A
Max Drawdown	1.08%	55.06%
Sharpe Ratio	-1.11	1.17
5Y Beta	0.01	0.08
5Y Dividends CAGR	N/A	7.85%

Net Assets

CALI

$361M

Winner

KTF

$361M

Expense Ratio

CALI

0.20%

KTF

N/A

Max Drawdown

Winner

CALI

1.08%

KTF

55.06%

Sharpe Ratio

CALI

-1.11

Winner

KTF

1.17

5Y Beta

Winner

CALI

0.01

KTF

0.08

5Y Dividends CAGR

CALI

N/A

KTF

7.85%

CALI vs KTF - Historical Returns

Returns include dividend reinvestment.

Period	CALI	KTF
1 month	+0.45%	+3.04%
3 months	+0.41%	+2.16%
6 months	+1.20%	+5.66%
1 year	+2.91%	+13.07%
5 years(CAGR)	N/A	+0.17%
10 years(CAGR)	N/A	+1.26%
Max(CAGR)	+3.12%	+5.88%

CALI

+0.45%

Winner

KTF

+3.04%

CALI

+0.41%

Winner

KTF

+2.16%

CALI

+1.20%

Winner

KTF

+5.66%

CALI

+2.91%

Winner

KTF

+13.07%

5Y(CAGR)

CALI

N/A

KTF

+0.17%

10Y(CAGR)

CALI

N/A

KTF

+1.26%

Max(CAGR)

CALI

+3.12%

Winner

KTF

+5.88%

CALI vs KTF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	CALI	KTF
2026	+0.99%	+4.80%
2025	+3.26%	+3.99%
2024	+2.84%	+12.91%
2023	+1.97%	+5.86%
2022	N/A	-23.87%
2021	N/A	+6.09%
2020	N/A	+7.62%
2019	N/A	+12.58%
2018	N/A	-8.39%
2017	N/A	-5.18%
2016	N/A	+2.51%
2015	N/A	+6.87%
2014	N/A	+18.50%
2013	N/A	-13.85%
2012	N/A	+12.64%
2011	N/A	+31.44%
2010	N/A	+5.11%
2009	N/A	+50.64%
2008	N/A	-18.13%
2007	N/A	+0.56%
2006	N/A	-9.11%
2005	N/A	+18.25%
2004	N/A	+0.51%
2003	N/A	+17.49%
2002	N/A	+7.70%
2001	N/A	+9.36%
2000	N/A	+15.39%
1999	N/A	-5.12%

CALI vs KTF Drawdown Comparison

The maximum drawdown for CALI was -0.78%, occurring on Apr 11, 2025. Recovery took 35 trading sessions.

The maximum drawdown for KTF was -46.96%, occurring on Dec 16, 2008. Recovery took 885 trading sessions.

The current KTF drawdown is -2.92%.

Rank	CALI	KTF
#1	-0.78% Apr 4, 2025 - May 27, 2025	-46.96% Feb 1, 2006 - Aug 7, 2009
#2	-0.67% Feb 27, 2026 - May 28, 2026	-35.40% Jul 28, 2021 - Oct 25, 2023
#3	-0.45% Sep 13, 2023 - Nov 3, 2023	-26.62% Sep 6, 2016 - Jan 28, 2021
#4	-0.32% Dec 2, 2024 - Jan 15, 2025	-22.47% Jan 23, 2013 - Jan 12, 2015
#5	-0.31% Mar 20, 2024 - May 2, 2024	-20.35% Sep 30, 2010 - Sep 8, 2011
#6	-0.24% Jan 9, 2024 - Feb 1, 2024	-16.13% Feb 27, 2004 - Aug 26, 2004
#7	-0.23% Mar 3, 2025 - Apr 1, 2025	-14.80% Aug 28, 2000 - Jan 23, 2001
#8	-0.22% Jan 17, 2025 - Jan 31, 2025	-12.45% Nov 4, 1999 - Mar 30, 2000
#9	-0.22% Oct 3, 2024 - Nov 4, 2024	-10.17% Jul 2, 2003 - Dec 22, 2003
#10	-0.19% Sep 17, 2025 - Oct 10, 2025	-9.65% Feb 3, 2015 - Nov 3, 2015
#11	-0.18% Nov 5, 2024 - Nov 8, 2024	-9.44% Nov 13, 2001 - Jun 13, 2002
#12	-0.17% Jan 15, 2025 - Jan 17, 2025	-8.93% Aug 23, 2001 - Nov 9, 2001
#13	-0.16% Jun 6, 2024 - Jun 12, 2024	-8.58% Aug 1, 2012 - Nov 20, 2012
#14	-0.16% Nov 8, 2024 - Nov 15, 2024	-8.47% Feb 1, 2012 - May 11, 2012
#15	-0.15% Jul 23, 2024 - Jul 30, 2024	-8.02% Oct 3, 2002 - Feb 11, 2003

Correlation

Correlation between CALI and KTF is 0.89 which considered as a strong positive correlation - the stocks tend to move together.

0.89

-101

Dividend Comparison (1999 - 2026)

CALI vs KTF dividend yield comparison.

Year	CALI	KTF
2026	0.99%	3.32%
2025	2.62%	8.42%
2024	3.14%	6.94%
2023	1.37%	3.51%
2022	0.00%	4.76%
2021	0.00%	4.25%
2020	0.00%	4.36%
2019	0.00%	4.67%
2018	0.00%	6.17%
2017	0.00%	6.44%
2016	0.00%	6.48%
2015	0.00%	6.23%
2014	0.00%	6.40%
2013	0.00%	7.07%
2012	0.00%	5.90%
2011	0.00%	7.17%
2010	0.00%	8.58%
2009	0.00%	7.22%
2008	0.00%	7.45%
2007	0.00%	5.44%
2006	0.00%	5.46%
2005	0.00%	6.28%
2004	0.00%	7.01%
2003	0.00%	6.37%
2002	0.00%	6.50%
2001	0.00%	6.49%
2000	0.00%	7.65%
1999	0.00%	1.41%