KTF vs MINO
DWS Municipal Income Trust vs PIMCO Municipal Income Opportunities Active Exchange-Traded Fund
Which is better, KTF or MINO?
Each has led over a different period.
KTF led over 3Y, MINO over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90.
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 | KTF | MINO |
|---|---|---|
| Expense Ratio | - | 0.39% |
| AUM | $321M | $850M |
| Dividend Yield | 9.36% | 4.17% |
| Holdings | 232 | 1,083 |
| YTD Return | -6.11% | -2.95%Best |
| 1Y Return | -5.53% | -2.10%Best |
| 3Y Return (annualized) | +9.12%Best | +3.99% |
| 5Y Return (annualized) | -1.77% | +0.59%Best |
| Volatility (annualized) | 14.4% | 6.8%Best |
| Max Drawdown | -34.3% | -15.2%Best |
| $10,000 over 5 years | $9,146 | $10,299Best |
| Fund Family | DWS | PIMCO (US) |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Oct 20, 1988 | Sep 8, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Sep 9, 2021 to Oct 14, 2026 (5.1 years).
KTF vs MINO 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 5.1 years both funds cover.
KTF vs MINO Performance
DWS Municipal Income Trust (KTF) is an ETF from DWS and PIMCO Municipal Income Opportunities Active Exchange-Traded Fund (MINO) is an ETF from PIMCO (US). Over the past year KTF returned -5.53% while MINO returned -2.10%. Year to date, KTF is down 6.11% versus a loss of 2.95% for MINO.
Over three years, KTF compounded at +9.12% per year against +3.99% for MINO; over five years the annualized figures are -1.77% and +0.59% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KTF has been the more volatile fund, with annualized monthly volatility of 14.4% compared with 6.8% for MINO. 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 -34.3% for KTF and -15.2% for MINO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.90. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Holdings Overlap
We hold position weights for 105 holdings in KTF and 226 in MINO, totalling 40.7% and 33.7% 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, 12 positions appear in both.
12 positions in common, counted across the 105 positions we hold weights for in KTF and 226 in MINO, against full books of 232 and 1,083.
Top Shared Holdings
| Stock | Weight in KTF | Weight in MINO | Difference |
|---|---|---|---|
| GA MELPWR 5 01/01/20Georgia (State Of) Municipal Electric Authority (Plant Vogtle Units 3 & 4), Series 2019, Ref. Rb 5 2049-01-01 | 0.19% | 1.18% | 0.99% |
| OH BUCGEN 5 06/01/20Buckeye Tobacco Settlement Financing Auth Oh Ref-Senior-Class 2-Ser B-2 5.000 Jun 01 55 | 0.62% | 0.64% | 0.02% |
| PR PRCGEN 0 07/01/20Prcgen 0.000 07/01/46 | 1.01% | 0.18% | 0.83% |
| TX NRTTRN 5 01/01/20North Texas Tollway Authority 0.05 01/01/2048 | 0.88% | 0.13% | 0.75% |
| SC SCSUTL 5.25 12/01South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Series 2015E | 0.74% | 0.18% | 0.56% |
| MI MISFIN 4 02/15/20Michigan Fin Au(Mc) 4% 2/15/47 | 0.66% | 0.17% | 0.49% |
| NJ NJSTRN 5 12/15/20New Jersey St Transprtn Trust Fund Auth | 0.20% | 0.14% | 0.06% |
| NY NYTTRN 5.62 04/01New York Transportation Development Corporation, Special Facility Revenue Bonds, Delta Air Lines, Inc. - Laguardia Airport Terminals C&D Redevelopment 5.625 05-12-2027 | 0.25% | 0.07% | 0.18% |
| GA CLHMED 5.75 04/01Columbia County Hospital Authority/Ga 5.75 04-01-2053 | 0.08% | 0.07% | 0.01% |
| NY NYC 5.25 10/01/20New York 5.25 10/47 | 0.10% | 0.03% | 0.07% |
You are not choosing between two funds in isolation.
Whichever of KTF and MINO 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, KTF or MINO?
Over the past year KTF returned -5.53% vs -2.10% for MINO, so MINO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KTF or MINO?
KTF has been the more volatile fund at 14.4% annualized versus 6.8% for MINO. Worst drawdown: KTF -34.3% vs MINO -15.2%.
Should I hold both KTF and MINO?
KTF and MINO have a monthly-return correlation of 0.90, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, KTF or MINO?
KTF yields 9.36% while MINO yields 4.17%, so KTF currently pays the higher dividend yield.
Is MINO better than KTF?
KTF led over 3Y, MINO over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.90. Which one suits a particular account depends on what it is for. This is information, not a recommendation.