SCMTX vs. MTFEX
Compare and contrast key facts about DWS Intermediate Tax-Free Fund (SCMTX) and MainStay MacKay Strategic Municipal Allocation Fund (MTFEX).
SCMTX is managed by DWS. It was launched on Apr 11, 1983. MTFEX is managed by MainStay. It was launched on Jun 27, 2019.
Performance
SCMTX vs. MTFEX - Performance Comparison
Loading graphics...
SCMTX vs. MTFEX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SCMTX DWS Intermediate Tax-Free Fund | -0.25% | 4.51% | 1.71% | 5.08% | -8.21% | 1.21% | 5.34% | 3.03% |
MTFEX MainStay MacKay Strategic Municipal Allocation Fund | -0.52% | 4.65% | 2.02% | 5.14% | -7.11% | 2.07% | 4.32% | 2.87% |
Returns By Period
In the year-to-date period, SCMTX achieves a -0.25% return, which is significantly higher than MTFEX's -0.52% return.
SCMTX
- 1D
- 0.18%
- 1M
- -2.49%
- YTD
- -0.25%
- 6M
- 1.24%
- 1Y
- 4.37%
- 3Y*
- 2.82%
- 5Y*
- 0.79%
- 10Y*
- 1.93%
MTFEX
- 1D
- 0.11%
- 1M
- -2.68%
- YTD
- -0.52%
- 6M
- 1.07%
- 1Y
- 4.13%
- 3Y*
- 3.06%
- 5Y*
- 1.09%
- 10Y*
- —
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SCMTX vs. MTFEX - Expense Ratio Comparison
SCMTX has a 0.48% expense ratio, which is lower than MTFEX's 0.97% expense ratio.
Return for Risk
SCMTX vs. MTFEX — Risk / Return Rank
SCMTX
MTFEX
SCMTX vs. MTFEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS Intermediate Tax-Free Fund (SCMTX) and MainStay MacKay Strategic Municipal Allocation Fund (MTFEX). 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.
| SCMTX | MTFEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.28 | 1.22 | +0.06 |
Sortino ratioReturn per unit of downside risk | 1.70 | 1.63 | +0.06 |
Omega ratioGain probability vs. loss probability | 1.34 | 1.35 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.28 | 1.19 | +0.09 |
Martin ratioReturn relative to average drawdown | 4.64 | 4.38 | +0.26 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| SCMTX | MTFEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 1.22 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.26 | 0.35 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.48 | 0.49 | +0.99 |
Correlation
The correlation between SCMTX and MTFEX is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
SCMTX vs. MTFEX - Dividend Comparison
SCMTX's dividend yield for the trailing twelve months is around 3.62%, more than MTFEX's 3.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SCMTX DWS Intermediate Tax-Free Fund | 3.62% | 3.26% | 2.90% | 2.16% | 1.70% | 2.22% | 3.65% | 5.20% | 2.95% | 2.64% | 2.56% | 2.53% |
MTFEX MainStay MacKay Strategic Municipal Allocation Fund | 3.08% | 3.33% | 3.48% | 2.74% | 2.30% | 2.36% | 1.74% | 1.83% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SCMTX vs. MTFEX - Drawdown Comparison
The maximum SCMTX drawdown since its inception was -12.59%, which is greater than MTFEX's maximum drawdown of -11.88%. Use the drawdown chart below to compare losses from any high point for SCMTX and MTFEX.
Loading graphics...
Drawdown Indicators
| SCMTX | MTFEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.59% | -11.88% | -0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -3.56% | -3.81% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -12.59% | -11.88% | -0.71% |
Max Drawdown (10Y)Largest decline over 10 years | -12.59% | — | — |
Current DrawdownCurrent decline from peak | -2.49% | -2.68% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -1.45% | -2.77% | +1.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.98% | 1.04% | -0.06% |
Volatility
SCMTX vs. MTFEX - Volatility Comparison
DWS Intermediate Tax-Free Fund (SCMTX) has a higher volatility of 1.00% compared to MainStay MacKay Strategic Municipal Allocation Fund (MTFEX) at 0.93%. This indicates that SCMTX's price experiences larger fluctuations and is considered to be riskier than MTFEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| SCMTX | MTFEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.00% | 0.93% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 1.54% | 1.52% | +0.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.67% | 3.85% | -0.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.07% | 3.10% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.30% | 3.94% | -0.64% |