KTF vs TLTE

Comparison between DWS Municipal Income Trust (KTF, ETF) and FLEXSHARES MORNINGSTAR EMERGING MARKETS FACTOR TILT INDEX FUND (TLTE, ETF).

5-Year PerformanceTLTE has outperformed KTF, delivering a return of +8.7% compared to +0.1%

KTF vs TLTE - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	KTF(ETF)	TLTE(ETF)
Net Assets	$361M	$362M
Expense Ratio	N/A	0.57%
Max Drawdown	55.06%	47.60%
Sharpe Ratio	1.13	1.81
5Y Beta	0.08	0.75
5Y Dividends CAGR	7.85%	12.10%

Net Assets

KTF

$361M

Winner

TLTE

$362M

Expense Ratio

KTF

N/A

TLTE

0.57%

Max Drawdown

KTF

55.06%

Winner

TLTE

47.60%

Sharpe Ratio

KTF

1.13

Winner

TLTE

1.81

5Y Beta

Winner

KTF

0.08

TLTE

0.75

5Y Dividends CAGR

KTF

7.85%

Winner

TLTE

12.10%

KTF vs TLTE - Historical Returns

Returns include dividend reinvestment.

Period	KTF	TLTE
1 month	+3.39%	+7.32%
3 months	+1.72%	+18.09%
6 months	+5.20%	+29.21%
1 year	+13.08%	+47.02%
5 years(CAGR)	+0.12%	+8.66%
10 years(CAGR)	+1.22%	+10.00%
Max(CAGR)	+5.88%	+6.26%

KTF

+3.39%

Winner

TLTE

+7.32%

KTF

+1.72%

Winner

TLTE

+18.09%

KTF

+5.20%

Winner

TLTE

+29.21%

KTF

+13.08%

Winner

TLTE

+47.02%

5Y(CAGR)

KTF

+0.12%

Winner

TLTE

+8.66%

10Y(CAGR)

KTF

+1.22%

Winner

TLTE

+10.00%

Max(CAGR)

KTF

+5.88%

Winner

TLTE

+6.26%

KTF vs TLTE - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	KTF	TLTE
2026	+4.68%	+24.03%
2025	+3.99%	+30.52%
2024	+12.91%	+4.53%
2023	+5.86%	+12.92%
2022	-23.87%	-17.88%
2021	+6.09%	+3.78%
2020	+7.62%	+10.36%
2019	+12.58%	+14.45%
2018	-8.39%	-19.05%
2017	-5.18%	+31.58%
2016	+2.51%	+15.54%
2015	+6.87%	-12.45%
2014	+18.50%	-2.23%
2013	-13.85%	-4.39%
2012	+12.64%	+6.36%
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 TLTE Drawdown Comparison

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

The maximum drawdown for TLTE was -44.20%, occurring on Mar 23, 2020. Recovery took 743 trading sessions.

The current KTF drawdown is -3.03%.

Rank	KTF	TLTE
#1	-46.96% Feb 1, 2006 - Aug 7, 2009	-44.20% Jan 26, 2018 - Jan 8, 2021
#2	-35.40% Jul 28, 2021 - Oct 25, 2023	-33.82% Sep 5, 2014 - Jun 2, 2017
#3	-26.62% Sep 6, 2016 - Jan 28, 2021	-33.49% Jun 4, 2021 - Jun 9, 2025
#4	-22.47% Jan 23, 2013 - Jan 12, 2015	-16.76% Jan 3, 2013 - Jul 3, 2014
#5	-20.35% Sep 30, 2010 - Sep 8, 2011	-13.04% Feb 25, 2026 - May 1, 2026
#6	-16.13% Feb 27, 2004 - Aug 26, 2004	-8.01% Jun 2, 2026 - Jun 18, 2026
#7	-14.80% Aug 28, 2000 - Jan 23, 2001	-6.42% Feb 17, 2021 - Apr 26, 2021
#8	-12.45% Nov 4, 1999 - Mar 30, 2000	-5.46% May 8, 2026 - May 26, 2026
#9	-10.17% Jul 2, 2003 - Dec 22, 2003	-5.41% Jan 21, 2021 - Feb 8, 2021
#10	-9.65% Feb 3, 2015 - Nov 3, 2015	-4.44% Oct 29, 2025 - Dec 26, 2025
#11	-9.44% Nov 13, 2001 - Jun 13, 2002	-4.43% May 7, 2021 - May 28, 2021
#12	-8.93% Aug 23, 2001 - Nov 9, 2001	-4.40% Nov 22, 2017 - Dec 27, 2017
#13	-8.58% Aug 1, 2012 - Nov 20, 2012	-4.15% Oct 17, 2012 - Dec 5, 2012
#14	-8.47% Feb 1, 2012 - May 11, 2012	-3.94% Oct 6, 2025 - Oct 20, 2025
#15	-8.02% Oct 3, 2002 - Feb 11, 2003	-3.60% Jul 23, 2014 - Aug 19, 2014

Correlation

Correlation between KTF and TLTE 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 TLTE dividend yield comparison.

Year	KTF	TLTE
2026	3.32%	0.34%
2025	8.42%	3.76%
2024	6.94%	3.73%
2023	3.51%	4.03%
2022	4.76%	4.42%
2021	4.25%	3.21%
2020	4.36%	1.95%
2019	4.67%	3.23%
2018	6.17%	3.02%
2017	6.44%	2.12%
2016	6.48%	2.30%
2015	6.23%	2.00%
2014	6.40%	2.06%
2013	7.07%	0.83%
2012	5.90%	0.10%
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%