KTF vs TAFL
DWS Municipal Income Trust vs AB Tax-Aware Long Municipal ETF
Which is better, KTF or TAFL?
Each has led over a different period.
KTF led over the full window, TAFL over 1Y.
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 | TAFL |
|---|---|---|
| Expense Ratio | - | 0.28% |
| AUM | $321M | $60M |
| Dividend Yield | 9.36% | 4.37% |
| Holdings | 232 | 326 |
| YTD Return | -6.11% | -4.38%Best |
| 1Y Return | -5.53% | -3.64%Best |
| 3Y Return (annualized) | +9.12% | - |
| 5Y Return (annualized) | -1.77% | - |
| Volatility (annualized) | 8.8% | 5.5%Best |
| Max Drawdown | -12.3% | -8.1%Best |
| $10,000 over 2.8 years | $11,415Best | $10,291 |
| Fund Family | DWS | AllianceBernstein L.P. |
| Category | Tax Preferred | Tax Preferred |
| Style | Municipal Bond | Municipal Bond |
| Inception | Oct 20, 1988 | Dec 13, 2023 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown, and the $10,000 over 2.8 years row, are measured over the window both funds cover: Dec 13, 2023 to Oct 14, 2026 (2.8 years).
KTF vs TAFL 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 2.8 years both funds cover.
KTF vs TAFL Performance
DWS Municipal Income Trust (KTF) is an ETF from DWS and AB Tax-Aware Long Municipal ETF (TAFL) is an ETF from AllianceBernstein L.P.. Over the past year KTF returned -5.53% while TAFL returned -3.64%. Year to date, KTF is down 6.11% versus a loss of 4.38% for TAFL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
KTF has been the more volatile fund, with annualized monthly volatility of 8.8% compared with 5.5% for TAFL. 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 -12.3% for KTF and -8.1% for TAFL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.78. They usually move together, but the gap leaves some room for diversification.
Holdings Overlap
We hold position weights for 105 holdings in KTF and 68 in TAFL, totalling 40.7% and 50.6% 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, 8 positions appear in both.
8 positions in common, counted across the 105 positions we hold weights for in KTF and 68 in TAFL, against full books of 232 and 326.
Top Shared Holdings
| Stock | Weight in KTF | Weight in TAFL | Difference |
|---|---|---|---|
| SC SCSUTL 5.25 12/01South Carolina Public Service Authority, Santee Cooper Revenue Obligations, Refunding Series 2024B 5.25 12/01/2054 | 0.74% | 1.79% | 1.05% |
| AZ SALAGR 5 01/01/20Salt River Project Agricultural Improvement & Power District 5 01/01/2044 | 0.96% | 1.55% | 0.59% |
| NY NYTTRN 5.38 06/30New York Transn Dev Corp Spl F 5.38% Jun 30, 2060 | 0.39% | 1.47% | 1.08% |
| AZ SLTPWR 5 12/01/20Salt Verde Az Financial Corp Senior Gas Revenue 5% 12/01/2037 | 0.20% | 1.53% | 1.33% |
| 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% | 0.57% | 0.05% |
| PR PRCGEN 0 07/01/20Puerto Rico Sales Tax Fing Corp Sales Tax Revenue | 1.01% | 0.04% | 0.97% |
| NY MTATRN 5.25 11/15Metropolitan Transportation Authority, New York, Transportation Revenue Bonds, Green Refunding Series 2024A 5.25 2049-11-15 | 0.10% | 0.78% | 0.68% |
| AL JEFUTL 5.5 10/01/Jefferson Cnty Al Swr Revenue 5.5 10-01-2053 | 0.32% | 0.50% | 0.18% |
You are not choosing between two funds in isolation.
Whichever of KTF and TAFL 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 TAFL?
Over the past year KTF returned -5.53% vs -3.64% for TAFL, so TAFL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KTF or TAFL?
KTF has been the more volatile fund at 8.8% annualized versus 5.5% for TAFL. Worst drawdown: KTF -12.3% vs TAFL -8.1%.
Should I hold both KTF and TAFL?
KTF and TAFL have a monthly-return correlation of 0.78, 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, KTF or TAFL?
KTF yields 9.36% while TAFL yields 4.37%, so KTF currently pays the higher dividend yield.
Is TAFL better than KTF?
KTF led over the full window, TAFL over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.