KTF vs CALI

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

KTF vs CALI - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

KTF

$361M

CALI

$361M

Expense Ratio

KTF

N/A

CALI

0.20%

Max Drawdown

KTF

55.06%

Winner

CALI

1.08%

Sharpe Ratio

Winner

KTF

1.17

CALI

-1.11

5Y Beta

KTF

0.08

Winner

CALI

0.01

5Y Dividends CAGR

KTF

7.85%

CALI

N/A

KTF vs CALI - Historical Returns

Returns include dividend reinvestment.

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

Winner

KTF

+3.04%

CALI

+0.45%

Winner

KTF

+2.16%

CALI

+0.41%

Winner

KTF

+5.66%

CALI

+1.20%

Winner

KTF

+13.07%

CALI

+2.91%

5Y(CAGR)

KTF

+0.17%

CALI

N/A

10Y(CAGR)

KTF

+1.26%

CALI

N/A

Max(CAGR)

Winner

KTF

+5.88%

CALI

+3.12%

KTF vs CALI - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

KTF vs CALI Drawdown Comparison

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

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

The current KTF drawdown is -2.92%.

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

Correlation

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

0.89

-101

Dividend Comparison (1999 - 2026)

KTF vs CALI dividend yield comparison.

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