JOF vs KTF

Comparison between Japan Smaller Capitalization Fund Inc (JOF, ETF) and DWS Municipal Income Trust (KTF, ETF).

5-Year PerformanceJOF has outperformed KTF, delivering a return of +10.6% compared to +0.1%

JOF vs KTF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	JOF(ETF)	KTF(ETF)
Net Assets	$364M	$365M
Max Drawdown	69.98%	55.06%
Sharpe Ratio	1.18	1.38
5Y Beta	0.63	0.08
5Y Dividends CAGR	27.51%	7.77%

Net Assets

JOF

$364M

Winner

KTF

$365M

Max Drawdown

JOF

69.98%

Winner

KTF

55.06%

Sharpe Ratio

JOF

1.18

Winner

KTF

1.38

5Y Beta

JOF

0.63

Winner

KTF

0.08

5Y Dividends CAGR

Winner

JOF

27.51%

KTF

7.77%

JOF vs KTF - Historical Returns

Returns include dividend reinvestment.

Period	JOF	KTF
1 month	-4.18%	-0.54%
3 months	+4.78%	+0.92%
6 months	+5.07%	+4.56%
1 year	+27.13%	+14.78%
5 years(CAGR)	+10.60%	+0.05%
10 years(CAGR)	+9.74%	+0.83%
Max(CAGR)	+4.10%	+5.83%

JOF

-4.18%

Winner

KTF

-0.54%

Winner

JOF

+4.78%

KTF

+0.92%

Winner

JOF

+5.07%

KTF

+4.56%

Winner

JOF

+27.13%

KTF

+14.78%

5Y(CAGR)

Winner

JOF

+10.60%

KTF

+0.05%

10Y(CAGR)

Winner

JOF

+9.74%

KTF

+0.83%

Max(CAGR)

JOF

+4.10%

Winner

KTF

+5.83%

JOF vs KTF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	JOF	KTF
2026	+7.62%	+4.12%
2025	+50.68%	+3.99%
2024	+5.64%	+12.91%
2023	+20.84%	+5.86%
2022	-17.17%	-23.87%
2021	-5.68%	+6.09%
2020	+4.08%	+7.62%
2019	+15.72%	+12.58%
2018	-16.43%	-8.39%
2017	+40.89%	-5.18%
2016	+5.37%	+2.51%
2015	+24.58%	+6.87%
2014	+0.35%	+18.50%
2013	+27.75%	-13.85%
2012	+0.20%	+12.64%
2011	-20.53%	+31.44%
2010	+20.38%	+5.11%
2009	-2.21%	+50.64%
2008	-21.92%	-18.13%
2007	-29.27%	+0.56%
2006	-10.36%	-9.11%
2005	+25.43%	+18.25%
2004	+13.19%	+0.51%
2003	+76.38%	+17.49%
2002	+6.09%	+7.70%
2001	+0.04%	+9.36%
2000	-46.26%	+15.39%
1999	-10.46%	-5.12%

JOF vs KTF Drawdown Comparison

The maximum drawdown for JOF was -65.75%, occurring on Nov 20, 2008. Recovery took 2983 trading sessions.

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

The current JOF drawdown is -7.72%. The current KTF drawdown is -3.56%.

Rank	JOF	KTF
#1	-65.75% Sep 29, 2005 - Aug 7, 2017	-46.96% Feb 1, 2006 - Aug 7, 2009
#2	-58.12% Nov 5, 1999 - Mar 17, 2004	-35.40% Jul 28, 2021 - Oct 25, 2023
#3	-42.14% Jan 17, 2018 - Mar 12, 2025	-26.62% Sep 6, 2016 - Jan 28, 2021
#4	-30.52% Apr 12, 2004 - Sep 12, 2005	-22.47% Jan 23, 2013 - Jan 12, 2015
#5	-17.23% Feb 23, 2026 - Mar 20, 2026	-20.35% Sep 30, 2010 - Sep 8, 2011
#6	-9.79% Mar 27, 2025 - Apr 22, 2025	-16.13% Feb 27, 2004 - Aug 26, 2004
#7	-8.29% Sep 17, 2025 - Nov 28, 2025	-14.80% Aug 28, 2000 - Jan 23, 2001
#8	-6.41% Apr 5, 2004 - Apr 12, 2004	-12.45% Nov 4, 1999 - Mar 30, 2000
#9	-5.05% Nov 8, 2017 - Nov 27, 2017	-10.17% Jul 2, 2003 - Dec 22, 2003
#10	-4.09% Dec 20, 2017 - Jan 4, 2018	-9.65% Feb 3, 2015 - Nov 3, 2015
#11	-4.04% Sep 20, 2005 - Sep 27, 2005	-9.44% Nov 13, 2001 - Jun 13, 2002
#12	-3.91% Nov 28, 2017 - Dec 18, 2017	-8.93% Aug 23, 2001 - Nov 9, 2001
#13	-3.47% Aug 7, 2017 - Sep 8, 2017	-8.58% Aug 1, 2012 - Nov 20, 2012
#14	-3.05% Sep 16, 2005 - Sep 20, 2005	-8.47% Feb 1, 2012 - May 11, 2012
#15	-3.01% Jul 23, 2025 - Aug 6, 2025	-8.02% Oct 3, 2002 - Feb 11, 2003

Correlation

Correlation between JOF and KTF is 0.73 which considered as a strong positive correlation - the stocks tend to move together.

0.73

-101

Dividend Comparison (1999 - 2026)

JOF vs KTF dividend yield comparison.

Year	JOF	KTF
2026	5.56%	4.03%
2025	4.80%	8.42%
2024	4.07%	6.94%
2023	3.50%	3.51%
2022	0.71%	4.76%
2021	7.70%	4.25%
2020	3.81%	4.36%
2019	8.30%	4.67%
2018	20.55%	6.17%
2017	15.89%	6.44%
2016	9.63%	6.48%
2015	8.58%	6.23%
2014	1.48%	6.40%
2013	2.17%	7.07%
2012	1.13%	5.90%
2011	0.49%	7.17%
2010	0.89%	8.58%
2009	0.73%	7.22%
2008	1.57%	7.45%
2007	0.04%	5.44%
2006	12.90%	5.46%
2005	0.00%	6.28%
2004	0.00%	7.01%
2003	0.00%	6.37%
2002	0.00%	6.50%
2001	1.43%	6.49%
2000	14.26%	7.65%
1999	0.00%	1.41%