EMPD vs KTF: Correlation
How closely do Empery Digital Inc. (EMPD) and DWS Municipal Income Trust (KTF) trade together? Their weekly returns over three years give a correlation of -0.25, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are EMPD and KTF?
Over the past 3 years, EMPD and KTF moved with a correlation of -0.25, which is negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.13) than the 3-year average (-0.25). Over 5 years the correlation is -0.05, and the annualized covariance of weekly returns is -392.9 %².
KTF is close to the least connected end of EMPD's tracked universe, ranking #10 of 10. Their recent paths diverged sharply: over the last 12 months KTF outperformed by 65.2 percentage points (-55.4% for EMPD against +9.8% for KTF). Risk is not evenly split, since EMPD carries 11.5 times the volatility of the other side.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
EMPD vs KTF: side by side
| EMPD (Empery Digital Inc.) | KTF (DWS Municipal Income Trust) | |
|---|---|---|
| 1-year return | -55.4% | +9.8% |
| 5-year return | -100.0% | -3.3% |
| Volatility (ann.) | 135.0% | 11.7% |
| Beta vs S&P 500 | 1.57 | 0.19 |
| Max drawdown (3Y) | -100.0% | -11.3% |
| Market cap | $0.1B | $0.3B |
| P/E (trailing) | 3.8 | 10.1 |
| Dividend yield | 0.00% | 8.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | EMPD | KTF |
|---|---|---|
| 2022 | -90.6% | -23.7% |
| 2023 | -98.0% | +7.1% |
| 2024 | -99.9% | +13.8% |
| 2025 | -86.9% | +4.6% |
| 2026 | -31.4% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are EMPD and KTF good diversifiers for each other?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between EMPD and KTF?
As of 2026-08-27, the correlation of weekly returns between EMPD and KTF is -0.25 over 3 years, 0.13 over 1 year and -0.05 over 5 years.
Is KTF a good diversifier for EMPD?
Yes: at -0.25, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.25 mean?
On the −1 to +1 scale, -0.25 describes how much the two returns move together: +1 is lockstep, 0 is independence, negative values mean opposite directions. It says nothing about which performed better.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/empd-vs-ktf.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/empd-vs-ktf/)
No key needed, free to use. Full endpoint list in the API documentation.
Related comparisons
Hubs: EMPD correlations · KTF correlations
