PICB vs KTF

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

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

PICB vs KTF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

PICB

$360M

KTF

$360M

Expense Ratio

PICB

0.50%

KTF

N/A

Max Drawdown

Winner

PICB

39.48%

KTF

55.06%

Sharpe Ratio

PICB

-0.20

Winner

KTF

0.99

5Y Beta

PICB

0.09

Winner

KTF

0.09

5Y Dividends CAGR

Winner

PICB

19.03%

KTF

7.85%

PICB vs KTF - Historical Returns

Returns include dividend reinvestment.

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

PICB

-0.49%

Winner

KTF

+0.91%

PICB

-0.94%

Winner

KTF

+0.83%

PICB

-0.19%

Winner

KTF

+2.93%

PICB

+1.86%

Winner

KTF

+11.35%

5Y(CAGR)

PICB

-2.39%

Winner

KTF

-0.02%

10Y(CAGR)

PICB

+0.62%

Winner

KTF

+1.12%

Max(CAGR)

PICB

+1.91%

Winner

KTF

+5.84%

PICB vs KTF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	PICB	KTF
2026	-0.77%	+3.54%
2025	+14.99%	+3.99%
2024	-1.75%	+12.91%
2023	+12.57%	+5.86%
2022	-21.87%	-23.87%
2021	-6.81%	+6.09%
2020	+12.70%	+7.62%
2019	+10.21%	+12.58%
2018	-7.30%	-8.39%
2017	+15.90%	-5.18%
2016	-0.48%	+2.51%
2015	-8.41%	+6.87%
2014	-0.35%	+18.50%
2013	+3.11%	-13.85%
2012	+14.81%	+12.64%
2011	+1.03%	+31.44%
2010	+10.61%	+5.11%
2009	N/A	+50.64%
2008	N/A	-18.13%
2007	N/A	+0.56%
2006	N/A	-9.11%
2005	N/A	+18.25%
2004	N/A	+0.51%
2003	N/A	+17.49%
2002	N/A	+7.70%
2001	N/A	+9.36%
2000	N/A	+15.39%
1999	N/A	-5.12%

PICB vs KTF Drawdown Comparison

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

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

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

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

Correlation

Correlation between PICB and KTF 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)

PICB vs KTF dividend yield comparison.

Year	PICB	KTF
2026	1.35%	3.36%
2025	3.17%	8.42%
2024	3.19%	6.94%
2023	2.24%	3.51%
2022	1.64%	4.76%
2021	1.34%	4.25%
2020	1.22%	4.36%
2019	1.42%	4.67%
2018	1.70%	6.17%
2017	1.47%	6.44%
2016	2.20%	6.48%
2015	2.39%	6.23%
2014	2.64%	6.40%
2013	2.73%	7.07%
2012	3.09%	5.90%
2011	3.96%	7.17%
2010	1.94%	8.58%
2009	0.00%	7.22%
2008	0.00%	7.45%
2007	0.00%	5.44%
2006	0.00%	5.46%
2005	0.00%	6.28%
2004	0.00%	7.01%
2003	0.00%	6.37%
2002	0.00%	6.50%
2001	0.00%	6.49%
2000	0.00%	7.65%
1999	0.00%	1.41%