KTF vs MUA: Correlation
DWS Municipal Income Trust (KTF) and Blackrock MuniAssets Fund, Inc (MUA) show a strong relationship: their 3-year correlation of weekly returns is 0.74.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are KTF and MUA?
Across a 3-year window, the weekly returns of KTF and MUA correlate at 0.74, strong. Recent behaviour matches the longer record: 0.75 over 1 year against 0.74 over 3. Stretching to 5 years gives 0.67, with an annualized covariance of 128.7 %².
By 3-year correlation, MUA places #6 of the 13 assets tracked against KTF. Over the last 12 months KTF came out ahead by 9.5 percentage points (+9.8% against +0.3%).
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.
KTF vs MUA: side by side
| KTF (DWS Municipal Income Trust) | MUA (Blackrock MuniAssets Fund, Inc) | |
|---|---|---|
| 1-year return | +9.8% | +0.3% |
| 5-year return | -3.3% | -17.1% |
| Volatility (ann.) | 11.7% | 14.9% |
| Beta vs S&P 500 | 0.19 | 0.36 |
| Max drawdown (3Y) | -11.3% | -20.0% |
| Market cap | $0.3B | $0.7B |
| P/E (trailing) | 10.1 | 32.2 |
| Dividend yield | 8.35% | 6.67% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | KTF | MUA |
|---|---|---|
| 2022 | -23.7% | -22.4% |
| 2023 | +7.1% | +3.0% |
| 2024 | +13.8% | +10.5% |
| 2025 | +4.6% | +3.3% |
| 2026 | +2.0% | -3.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are KTF and MUA good diversifiers for each other?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between KTF and MUA?
The KTF/MUA correlation stands at 0.74 on a 3-year window (1 year: 0.75, 5 years: 0.67), computed from weekly returns as of 2026-08-27.
Is MUA a good diversifier for KTF?
To a limited degree. At 0.74 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.74 mean?
On the −1 to +1 scale, 0.74 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/ktf-vs-mua.json
Embed this badge (it refreshes with the data), with attribution:
[](https://www.pairbook.io/pair/ktf-vs-mua/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: KTF correlations · MUA correlations
