JHMU vs KTF
John Hancock Dynamic Municipal Bond ETF vs DWS Municipal Income Trust
Which is better, JHMU or KTF?
Each has led over a different period.
JHMU led over 1Y, KTF over 3Y and the full window.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | JHMU | KTF |
|---|---|---|
| Expense Ratio | 0.39% | - |
| AUM | $53M | $321M |
| Dividend Yield | 4.06% | 9.36% |
| Holdings | 424 | 232 |
| YTD Return | -2.25%Best | -6.11% |
| 1Y Return | -0.91%Best | -5.53% |
| 3Y Return (annualized) | +4.83% | +9.12%Best |
| 5Y Return (annualized) | - | -1.77% |
| Volatility (annualized) | 4.5%Best | 9.1% |
| Max Drawdown | -6.2%Best | -12.3% |
| $10,000 over 2.9 years | $11,466 | $12,966Best |
| Fund Family | John Hancock Investment Management | DWS |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Nov 1, 2023 | Oct 20, 1988 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.9 years row, are measured over the window both funds cover: Nov 2, 2023 to Oct 14, 2026 (2.9 years).
JHMU vs KTF growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 2.9 years both funds cover.
JHMU vs KTF Performance
John Hancock Dynamic Municipal Bond ETF (JHMU) is an ETF from John Hancock Investment Management and DWS Municipal Income Trust (KTF) is an ETF from DWS. Over the past year JHMU returned -0.91% while KTF returned -5.53%. Year to date, JHMU is down 2.25% versus a loss of 6.11% for KTF.
Over three years, JHMU compounded at +4.83% per year against +9.12% for KTF.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KTF has been the more volatile fund, with annualized monthly volatility of 9.1% compared with 4.5% for JHMU. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -6.2% for JHMU and -12.3% for KTF. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Holdings Overlap
We hold position weights for 117 holdings in JHMU and 105 in KTF, totalling 39.3% and 40.7% of the two funds. Neither is a share of a fund we can divide by, so no overlap percentage is shown here. Within what we can see, 3 positions appear in both.
The two holdings books were reported 63 days apart, JHMU as of Oct 2, 2026 and KTF as of Jul 31, 2026, so some of the difference between them is the time between the two reports rather than the funds.
3 positions in common, counted across the 117 positions we hold weights for in JHMU and 105 in KTF, against full books of 424 and 232.
Top Shared Holdings
| Stock | Weight in JHMU | Weight in KTF | Difference |
|---|---|---|---|
| CO COSMED 4 08/01/20Colorado Health Facilities Authority 4 08/01/2044 | 0.17% | 1.69% | 1.52% |
| PR PRCGEN 0 07/01/20Prcgen 0.000 07/01/46 | 0.20% | 1.01% | 0.81% |
| NY NYTTRN 6 06/30/20New York St Transprtn Dev Corp Nyttrn 06/54 Fixed 6 | 0.36% | 0.00% | 0.36% |
You are not choosing between two funds in isolation.
Whichever of JHMU and KTF you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which performed better, JHMU or KTF?
Over the past year JHMU returned -0.91% vs -5.53% for KTF, so JHMU leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, JHMU or KTF?
KTF has been the more volatile fund at 9.1% annualized versus 4.5% for JHMU. Worst drawdown: JHMU -6.2% vs KTF -12.3%.
Should I hold both JHMU and KTF?
JHMU and KTF have a monthly-return correlation of 0.80, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, JHMU or KTF?
JHMU yields 4.06% while KTF yields 9.36%, so KTF currently pays the higher dividend yield.
Is KTF better than JHMU?
JHMU led over 1Y, KTF over 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.