KTF vs TAFM
DWS Municipal Income Trust vs AB Tax-Aware Intermediate Municipal ETF
Which is better, KTF or TAFM?
Each has led over a different period.
KTF led over the full window, TAFM 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 | TAFM |
|---|---|---|
| Expense Ratio | - | 0.28% |
| AUM | $321M | $1.0B |
| Dividend Yield | 9.36% | 3.85% |
| Holdings | 232 | 1,404 |
| YTD Return | -6.11% | -3.22%Best |
| 1Y Return | -5.53% | -2.29%Best |
| 3Y Return (annualized) | +9.12% | - |
| 5Y Return (annualized) | -1.77% | - |
| Volatility (annualized) | 8.8% | 4.5%Best |
| Max Drawdown | -12.3% | -6.6%Best |
| $10,000 over 2.8 years | $11,415Best | $10,504 |
| 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 TAFM 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 TAFM Performance
DWS Municipal Income Trust (KTF) is an ETF from DWS and AB Tax-Aware Intermediate Municipal ETF (TAFM) is an ETF from AllianceBernstein L.P.. Over the past year KTF returned -5.53% while TAFM returned -2.29%. Year to date, KTF is down 6.11% versus a loss of 3.22% for TAFM.
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 4.5% for TAFM. 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 -6.6% for TAFM. 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 234 in TAFM, totalling 40.7% and 28.8% 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, 24 positions appear in both.
The two holdings books were reported 66 days apart, KTF as of Jul 31, 2026 and TAFM as of Oct 5, 2026, so some of the difference between them is the time between the two reports rather than the funds.
24 positions in common, counted across the 105 positions we hold weights for in KTF and 234 in TAFM, against full books of 232 and 1,404.
Top Shared Holdings
| Stock | Weight in KTF | Weight in TAFM | Difference |
|---|---|---|---|
| NY NYSDEV 4 03/15/20Ny State Ur D 4% 3/15/2045 | 1.52% | 0.13% | 1.39% |
| PR PRCGEN 0 07/01/20Prcgen 0.000 07/01/46 | 1.01% | 0.11% | 0.90% |
| OH COLAPT 5.5 01/01/Columbus Ohio Regl Arpt 5.5 01Jan50 | 0.86% | 0.24% | 0.62% |
| AZ SALAGR 5 01/01/20Salt River Project Agricultural Improvement And Power District, Arizona, Electric System Revenue Bonds, Series 2024A 5 01/01/2054 | 0.96% | 0.12% | 0.84% |
| NC NCSTRN 5 01/01/20North Carolina Turnpike Authority 5 01/01/2058 | 0.94% | 0.14% | 0.80% |
| IL CHITRN 5 12/01/20Chicago Transit Authority Sales Tax Receipts Fund 5 12/01/2052 | 0.56% | 0.41% | 0.15% |
| 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% | 0.26% | 0.36% |
| TX GPTTRN 4 10/01/20Grand Parkway Transportation Corp 4 10/01/2045 | 0.59% | 0.26% | 0.33% |
| WI PUBTRN 6.5 06/30/Public Fin Auth Wi Toll Revenu Pubtrn 06/60 Fixed 6.5 | 0.21% | 0.59% | 0.38% |
| WV WVSMED 5.5 06/01/West Virginia 5.5% 06/50 | 0.49% | 0.21% | 0.28% |
You are not choosing between two funds in isolation.
Whichever of KTF and TAFM 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 TAFM?
Over the past year KTF returned -5.53% vs -2.29% for TAFM, so TAFM leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, KTF or TAFM?
KTF has been the more volatile fund at 8.8% annualized versus 4.5% for TAFM. Worst drawdown: KTF -12.3% vs TAFM -6.6%.
Should I hold both KTF and TAFM?
KTF and TAFM 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 TAFM?
KTF yields 9.36% while TAFM yields 3.85%, so KTF currently pays the higher dividend yield.
Is TAFM better than KTF?
KTF led over the full window, TAFM over 1Y. Which one suits a particular account depends on what it is for. This is information, not a recommendation.