TLTE vs KTF

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

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

TLTE vs KTF - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

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

Net Assets

Winner

TLTE

$362M

KTF

$361M

Expense Ratio

TLTE

0.57%

KTF

N/A

Max Drawdown

Winner

TLTE

47.60%

KTF

55.06%

Sharpe Ratio

Winner

TLTE

1.81

KTF

1.13

5Y Beta

TLTE

0.75

Winner

KTF

0.08

5Y Dividends CAGR

Winner

TLTE

12.10%

KTF

7.85%

TLTE vs KTF - Historical Returns

Returns include dividend reinvestment.

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

Winner

TLTE

+7.32%

KTF

+3.39%

Winner

TLTE

+18.09%

KTF

+1.72%

Winner

TLTE

+29.21%

KTF

+5.20%

Winner

TLTE

+47.02%

KTF

+13.08%

5Y(CAGR)

Winner

TLTE

+8.66%

KTF

+0.12%

10Y(CAGR)

Winner

TLTE

+10.00%

KTF

+1.22%

Max(CAGR)

Winner

TLTE

+6.26%

KTF

+5.88%

TLTE vs KTF - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	TLTE	KTF
2026	+24.03%	+4.68%
2025	+30.52%	+3.99%
2024	+4.53%	+12.91%
2023	+12.92%	+5.86%
2022	-17.88%	-23.87%
2021	+3.78%	+6.09%
2020	+10.36%	+7.62%
2019	+14.45%	+12.58%
2018	-19.05%	-8.39%
2017	+31.58%	-5.18%
2016	+15.54%	+2.51%
2015	-12.45%	+6.87%
2014	-2.23%	+18.50%
2013	-4.39%	-13.85%
2012	+6.36%	+12.64%
2011	N/A	+31.44%
2010	N/A	+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%

TLTE vs KTF Drawdown Comparison

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

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

The current KTF drawdown is -3.03%.

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

Correlation

Correlation between TLTE 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)

TLTE vs KTF dividend yield comparison.

Year	TLTE	KTF
2026	0.34%	3.32%
2025	3.76%	8.42%
2024	3.73%	6.94%
2023	4.03%	3.51%
2022	4.42%	4.76%
2021	3.21%	4.25%
2020	1.95%	4.36%
2019	3.23%	4.67%
2018	3.02%	6.17%
2017	2.12%	6.44%
2016	2.30%	6.48%
2015	2.00%	6.23%
2014	2.06%	6.40%
2013	0.83%	7.07%
2012	0.10%	5.90%
2011	0.00%	7.17%
2010	0.00%	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%