KTF vs JOF

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

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

KTF vs JOF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

KTF

$365M

JOF

$364M

Max Drawdown

Winner

KTF

55.06%

JOF

69.98%

Sharpe Ratio

Winner

KTF

1.38

JOF

1.18

5Y Beta

Winner

KTF

0.08

JOF

0.63

5Y Dividends CAGR

KTF

7.77%

Winner

JOF

27.51%

KTF vs JOF - Historical Returns

Returns include dividend reinvestment.

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

Winner

KTF

-0.54%

JOF

-4.18%

KTF

+0.92%

Winner

JOF

+4.78%

KTF

+4.56%

Winner

JOF

+5.07%

KTF

+14.78%

Winner

JOF

+27.13%

5Y(CAGR)

KTF

+0.05%

Winner

JOF

+10.60%

10Y(CAGR)

KTF

+0.83%

Winner

JOF

+9.74%

Max(CAGR)

Winner

KTF

+5.83%

JOF

+4.10%

KTF vs JOF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

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

KTF vs JOF Drawdown Comparison

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

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

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

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

Correlation

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

0.73

-101

Dividend Comparison (1999 - 2026)

KTF vs JOF dividend yield comparison.

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