Horizon Technology Finance (HRZN) vs DWS Municipal Income (KTF)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
DWS Municipal Income (KTF) has outperformed Horizon Technology Finance (HRZN) over the past year, losing 12.7% versus a loss of 27.0%. Over five years, KTF leads with a -32.1% price change compared with -74.0% for HRZN. DWS Municipal Income is the larger company by market cap ($313.1 million vs $304.0 million), about 1.0 times the size.
On valuation, DWS Municipal Income trades at a lower trailing P/E (9.2x vs 15.6x for Horizon Technology Finance). Horizon Technology Finance offers the higher dividend yield (24.70% vs 9.57%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | HRZN | KTF |
|---|---|---|
| Share price | $4.54 | $7.99 |
| Market cap | $304.00M | $313.08M |
| 1-day change | +1.00% | -0.25% |
| YTD return | -30.39% | -11.88% |
| 1-year return | -26.99% | -12.75% |
| 5-year return | -74.00% | -32.12% |
| P/E ratio (TTM) | 15.64 | 9.18 |
| Forward P/E | 6.15 | — |
| EPS (TTM) | $0.29 | $0.87 |
| Dividend yield | 24.70% | 9.57% |
| Annual dividend | $1.12 | $0.765 |
| 52-week high | $6.85 | $9.37 |
| 52-week low | $3.80 | $7.95 |
| Distance from 52-week high | -33.80% | -14.73% |
| Analyst consensus | none | — |
| Avg. price target upside | +12.02% | — |
| Average volume | 608.06K | 253.73K |
| Shares outstanding | 67.03M | 39.18M |
| Sector | Finance | Finance |
| Industry | Finance: Consumer Services | Finance Companies |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- KTF has outperformed HRZN by 14.2 percentage points over the past year.
- Horizon Technology Finance trades at a higher earnings multiple (15.6x vs 9.2x trailing P/E).
- Horizon Technology Finance offers a meaningfully higher dividend yield (24.70% vs 9.57%).
About Horizon Technology Finance
HRZN stock →Horizon Technology Finance Corporation is a business development company specializing in lending and and investing in development-stage investments. It focuses on making secured debt and venture lending investments to venture capital backed companies in the technology, life science, healthcare information and services, cleantech and sustainability industries.
Finance · Finance: Consumer Services
About DWS Municipal Income
KTF stock →Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc. It invests in the fixed income markets of the United States.
Finance · Finance Companies
HRZN vs KTF FAQ
Which is bigger, Horizon Technology Finance or DWS Municipal Income?
DWS Municipal Income (KTF) is larger, with a market capitalization of $313.08M compared with $304.00M for Horizon Technology Finance (HRZN).
Which stock has performed better over the past year, HRZN or KTF?
KTF returned -12.75% over the past 12 months, compared with -26.99% for HRZN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, HRZN or KTF?
KTF has the lower trailing P/E at 9.2, versus 15.6 for HRZN. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Horizon Technology Finance or DWS Municipal Income?
Horizon Technology Finance has the higher yield at 24.70%, compared with 9.57% for DWS Municipal Income.
Are Horizon Technology Finance and DWS Municipal Income in the same industry?
Both are in the Finance sector, but in different industries: Finance: Consumer Services for Horizon Technology Finance and Finance Companies for DWS Municipal Income.