KTF vs SCHD
KTF vs SCHD
DWS Municipal Income Trust vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD delivered stronger 1-year returns. KTF offers more diversification with 123 holdings.
Side-by-Side Comparison
| Metric | KTF | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | - | 0.06% | |
| AUM | $353M | $103.7B | |
| Dividend Yield | 8.22% | 3.31% | |
| Holdings | 244 | 104 | |
| YTD Return | +3.66% | +24.26% | |
| 1Y Return | +12.82% | +31.38% | |
| 3Y Return (annualized) | +9.52% | +15.08% | |
| 5Y Return (annualized) | -0.45% | +9.72% | |
| Volatility (annualized) | 12.5% | 13.6% | |
| Max Drawdown | -60.4% | -33.4% | |
| Fund Family | DWS | Charles Schwab Asset Management | |
| Category | Tax Preferred | Equity | |
| Inception | Oct 20, 1988 | Oct 20, 2011 |
KTF vs SCHD Performance
DWS Municipal Income Trust (KTF) is a ETF from DWS and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year KTF returned +12.82% while SCHD returned +31.38%. Year to date, KTF is up 3.66% versus a gain of 24.26% for SCHD.
Over three years, KTF compounded at +9.52% per year against +15.08% for SCHD; over five years the annualized figures are -0.45% and +9.72% respectively. Across the full 15-year window we track, SCHD has the edge at +11.39% annualized vs -0.11%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SCHD has been the more volatile fund, with annualized monthly volatility of 13.6% compared with 12.5% for KTF. 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 -60.4% for KTF and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.28. They move independently enough that combining them can meaningfully diversify a portfolio.
Holdings Overlap
KTF and SCHD share 0 holdings out of 223 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which performed better, KTF or SCHD?
Over the past year KTF returned +12.82% vs +31.38% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (15 years), KTF annualized -0.11% vs +11.39% for SCHD. Past performance does not guarantee future results.
Which is riskier, KTF or SCHD?
SCHD has been the more volatile fund at 13.6% annualized versus 12.5% for KTF. Worst drawdown: KTF -60.4% vs SCHD -33.4%.
Should I hold both KTF and SCHD?
KTF and SCHD have a monthly-return correlation of 0.28, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between KTF and SCHD?
KTF and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 223 unique securities.
Which pays a higher dividend, KTF or SCHD?
KTF yields 8.22% while SCHD yields 3.31%, so KTF currently pays the higher dividend yield.
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