FEMY vs KTF: Correlation
How closely do Femasys Inc. (FEMY) and DWS Municipal Income Trust (KTF) trade together? Their weekly returns over three years give a correlation of -0.26, which is negative.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are FEMY and KTF?
Across a 3-year window, the weekly returns of FEMY and KTF correlate at -0.26, negative, meaning they tend to move in opposite directions. Lately the two have moved closer together, with the 1-year correlation at -0.15 versus -0.26 over 3 years. Stretching to 5 years gives -0.15, with an annualized covariance of -1561.9 %².
Among the 32 assets we track against FEMY, KTF ranks #21 by 3-year correlation. The last year tells two different stories: KTF led by 71.0 percentage points, -61.2% for FEMY against +9.8% for KTF. Risk is not evenly split, since FEMY carries 43.5 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.
FEMY vs KTF: side by side
| FEMY (Femasys Inc.) | KTF (DWS Municipal Income Trust) | |
|---|---|---|
| 1-year return | -61.2% | +9.8% |
| 5-year return | -98.0% | -3.3% |
| Volatility (ann.) | 509.3% | 11.7% |
| Beta vs S&P 500 | -0.49 | 0.19 |
| Max drawdown (3Y) | -97.2% | -11.3% |
| Market cap | – | $0.3B |
| P/E (trailing) | – | 10.1 |
| Dividend yield | 0.00% | 8.35% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | FEMY | KTF |
|---|---|---|
| 2022 | -76.9% | -23.7% |
| 2023 | +8.3% | +7.1% |
| 2024 | +12.8% | +13.8% |
| 2025 | -47.6% | +4.6% |
| 2026 | -75.8% | +2.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are FEMY and KTF good diversifiers for each other?
Yes. With a correlation of -0.26, FEMY and KTF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
FAQ
What is the correlation between FEMY and KTF?
The FEMY/KTF correlation stands at -0.26 on a 3-year window (1 year: -0.15, 5 years: -0.15), computed from weekly returns as of 2026-08-27.
Is KTF a good diversifier for FEMY?
Yes. With a correlation of -0.26, FEMY and KTF have moved largely independently, which makes them a genuinely diversifying pair by historical standards.
What does a correlation of -0.26 mean?
A reading of -0.26 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/femy-vs-ktf.json
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[](https://www.pairbook.io/pair/femy-vs-ktf/)
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Related comparisons
Hubs: FEMY correlations · KTF correlations
