KNTAX vs. KTCAX
KNTAX (DWS New York Tax) and KTCAX (DWS Science and Technology Fund) are both mutual funds - KNTAX is a Municipal Bonds fund managed by DWS, while KTCAX is a Technology Equities fund managed by DWS. Over the past 10 years, KNTAX returned 1.50%/yr vs 23.28%/yr for KTCAX. At a 0.01 correlation, their price movements are largely independent. KNTAX charges 0.79%/yr vs 0.89%/yr for KTCAX.
Performance
KNTAX vs. KTCAX - Performance Comparison
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Returns By Period
In the year-to-date period, KNTAX achieves a 2.17% return, which is significantly lower than KTCAX's 25.69% return. Over the past 10 years, KNTAX has underperformed KTCAX with an annualized return of 1.50%, while KTCAX has yielded a comparatively higher 23.28% annualized return.
KNTAX
- 1D
- 0.10%
- 1M
- 1.97%
- YTD
- 2.17%
- 6M
- 2.58%
- 1Y
- 7.38%
- 3Y*
- 3.07%
- 5Y*
- -0.14%
- 10Y*
- 1.50%
KTCAX
- 1D
- 2.75%
- 1M
- 6.05%
- YTD
- 25.69%
- 6M
- 24.89%
- 1Y
- 50.89%
- 3Y*
- 34.64%
- 5Y*
- 18.56%
- 10Y*
- 23.28%
KNTAX vs. KTCAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
KNTAX DWS New York Tax | 2.17% | 2.21% | 1.49% | 6.35% | -11.96% | 1.94% | 4.93% | 7.85% | 0.20% | 4.76% |
KTCAX DWS Science and Technology Fund | 25.69% | 21.21% | 40.51% | 57.73% | -36.66% | 22.68% | 46.12% | 42.35% | -1.03% | 35.79% |
Correlation
The correlation between KNTAX and KTCAX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.13 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.06 |
Correlation (All Time) Calculated using the full available price history since Dec 31, 1985 | 0.01 |
Over the past year, KNTAX and KTCAX have become more correlated (0.24) than their long-term average of 0.01, meaning their price movements have been converging.
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Return for Risk
KNTAX vs. KTCAX — Risk / Return Rank
KNTAX
KTCAX
KNTAX vs. KTCAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS New York Tax (KNTAX) and DWS Science and Technology Fund (KTCAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| KNTAX | KTCAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.63 | ||
| Omega ratioGain probability vs. loss probability | 1.55 | 1.37 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 3.00 | -0.66 |
| Martin ratioReturn relative to average drawdown | 7.88 | 10.00 | -2.13 |
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Drawdowns
KNTAX vs. KTCAX - Drawdown Comparison
The maximum KNTAX drawdown since its inception was -19.56%, smaller than the maximum KTCAX drawdown of -82.20%. Use the drawdown chart below to compare losses from any high point for KNTAX and KTCAX.
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Drawdown Indicators
| KNTAX | KTCAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.56% | -82.20% | +62.64% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -16.60% | +13.48% |
Max Drawdown (3Y)Largest decline over 3 years | -7.62% | -25.52% | +17.90% |
Max Drawdown (5Y)Largest decline over 5 years | -17.93% | -42.37% | +24.44% |
Max Drawdown (10Y)Largest decline over 10 years | -17.93% | -42.37% | +24.44% |
Current DrawdownCurrent decline from peak | -1.61% | -3.06% | +1.45% |
Average DrawdownAverage peak-to-trough decline | -2.54% | -27.87% | +25.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.93% | 4.96% | -4.03% |
Volatility
KNTAX vs. KTCAX - Volatility Comparison
The current volatility for DWS New York Tax (KNTAX) is 0.84%, while DWS Science and Technology Fund (KTCAX) has a volatility of 11.28%. This indicates that KNTAX experiences smaller price fluctuations and is considered to be less risky than KTCAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| KNTAX | KTCAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.84% | 11.28% | -10.44% |
Volatility (6M)Calculated over the trailing 6-month period | 2.47% | 18.87% | -16.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.21% | 22.86% | -19.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.56% | 25.35% | -20.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.33% | 24.28% | -19.95% |
KNTAX vs. KTCAX - Expense Ratio Comparison
KNTAX has a 0.79% expense ratio, which is lower than KTCAX's 0.89% expense ratio.
Dividends
KNTAX vs. KTCAX - Dividend Comparison
KNTAX's dividend yield for the trailing twelve months is around 3.02%, less than KTCAX's 6.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KNTAX DWS New York Tax | 3.02% | 3.26% | 2.71% | 2.02% | 1.77% | 1.74% | 2.91% | 3.28% | 2.95% | 3.03% | 3.40% | 3.63% |
KTCAX DWS Science and Technology Fund | 6.62% | 8.32% | 10.15% | 11.73% | 6.31% | 10.93% | 7.36% | 8.99% | 14.35% | 4.50% | 2.32% | 11.97% |
Frequently Asked Questions
KNTAX and KTCAX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
KTCAX has higher volatility (11.28%) compared to KNTAX (0.84%). In terms of maximum drawdown, KNTAX dropped -19.56% vs KTCAX's -82.20%.
KNTAX currently has the higher Sharpe Ratio (2.28 vs 2.18), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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