KTF vs PICB

Comparison between DWS Municipal Income Trust (KTF, ETF) and INVESCO INTERNATIONAL CORPORATE BOND ETF (PICB, ETF).

5-Year PerformanceKTF has outperformed PICB, delivering a return of -0.0% compared to -2.4%

KTF vs PICB - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KTF(ETF)	PICB(ETF)
Net Assets	$360M	$360M
Expense Ratio	N/A	0.50%
Max Drawdown	55.06%	39.48%
Sharpe Ratio	0.99	-0.20
5Y Beta	0.09	0.09
5Y Dividends CAGR	7.85%	19.03%

Net Assets

KTF

$360M

PICB

$360M

Expense Ratio

KTF

N/A

PICB

0.50%

Max Drawdown

KTF

55.06%

Winner

PICB

39.48%

Sharpe Ratio

Winner

KTF

0.99

PICB

-0.20

5Y Beta

Winner

KTF

0.09

PICB

0.09

5Y Dividends CAGR

KTF

7.85%

Winner

PICB

19.03%

KTF vs PICB - Historical Returns

Returns include dividend reinvestment.

Period	KTF	PICB
1 month	+0.91%	-0.49%
3 months	+0.83%	-0.94%
6 months	+2.93%	-0.19%
1 year	+11.35%	+1.86%
5 years(CAGR)	-0.02%	-2.39%
10 years(CAGR)	+1.12%	+0.62%
Max(CAGR)	+5.84%	+1.91%

Winner

KTF

+0.91%

PICB

-0.49%

Winner

KTF

+0.83%

PICB

-0.94%

Winner

KTF

+2.93%

PICB

-0.19%

Winner

KTF

+11.35%

PICB

+1.86%

5Y(CAGR)

Winner

KTF

-0.02%

PICB

-2.39%

10Y(CAGR)

Winner

KTF

+1.12%

PICB

+0.62%

Max(CAGR)

Winner

KTF

+5.84%

PICB

+1.91%

KTF vs PICB - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	KTF	PICB
2026	+3.54%	-0.77%
2025	+3.99%	+14.99%
2024	+12.91%	-1.75%
2023	+5.86%	+12.57%
2022	-23.87%	-21.87%
2021	+6.09%	-6.81%
2020	+7.62%	+12.70%
2019	+12.58%	+10.21%
2018	-8.39%	-7.30%
2017	-5.18%	+15.90%
2016	+2.51%	-0.48%
2015	+6.87%	-8.41%
2014	+18.50%	-0.35%
2013	-13.85%	+3.11%
2012	+12.64%	+14.81%
2011	+31.44%	+1.03%
2010	+5.11%	+10.61%
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 PICB Drawdown Comparison

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

The maximum drawdown for PICB was -37.10%, occurring on Sep 27, 2022. This drawdown has not yet recovered.

The current KTF drawdown is -4.08%. The current PICB drawdown is -12.36%.

Rank	KTF	PICB
#1	-46.96% Feb 1, 2006 - Aug 7, 2009	-37.10% Dec 31, 2020 - Sep 27, 2022
#2	-35.40% Jul 28, 2021 - Oct 25, 2023	-23.37% Feb 1, 2018 - Jul 21, 2020
#3	-26.62% Sep 6, 2016 - Jan 28, 2021	-17.26% Jun 30, 2014 - Feb 1, 2018
#4	-22.47% Jan 23, 2013 - Jan 12, 2015	-11.36% Aug 5, 2011 - Aug 28, 2012
#5	-20.35% Sep 30, 2010 - Sep 8, 2011	-9.99% Nov 4, 2010 - Apr 21, 2011
#6	-16.13% Feb 27, 2004 - Aug 26, 2004	-8.39% May 1, 2013 - Oct 18, 2013
#7	-14.80% Aug 28, 2000 - Jan 23, 2001	-4.44% Jan 14, 2013 - Apr 29, 2013
#8	-12.45% Nov 4, 1999 - Mar 30, 2000	-3.31% Oct 14, 2010 - Nov 4, 2010
#9	-10.17% Jul 2, 2003 - Dec 22, 2003	-3.19% May 2, 2011 - Jul 26, 2011
#10	-9.65% Feb 3, 2015 - Nov 3, 2015	-3.17% Sep 1, 2020 - Nov 6, 2020
#11	-9.44% Nov 13, 2001 - Jun 13, 2002	-2.75% Aug 6, 2010 - Sep 22, 2010
#12	-8.93% Aug 23, 2001 - Nov 9, 2001	-2.18% Oct 24, 2013 - Feb 13, 2014
#13	-8.58% Aug 1, 2012 - Nov 20, 2012	-1.76% Jun 3, 2010 - Jun 14, 2010
#14	-8.47% Feb 1, 2012 - May 11, 2012	-1.52% May 6, 2014 - Jun 26, 2014
#15	-8.02% Oct 3, 2002 - Feb 11, 2003	-1.33% Mar 14, 2014 - Apr 8, 2014

Correlation

Correlation between KTF and PICB is 0.62 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.62

-101

Dividend Comparison (1999 - 2026)

KTF vs PICB dividend yield comparison.

Year	KTF	PICB
2026	3.36%	1.35%
2025	8.42%	3.17%
2024	6.94%	3.19%
2023	3.51%	2.24%
2022	4.76%	1.64%
2021	4.25%	1.34%
2020	4.36%	1.22%
2019	4.67%	1.42%
2018	6.17%	1.70%
2017	6.44%	1.47%
2016	6.48%	2.20%
2015	6.23%	2.39%
2014	6.40%	2.64%
2013	7.07%	2.73%
2012	5.90%	3.09%
2011	7.17%	3.96%
2010	8.58%	1.94%
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%