DWS Municipal Income (KTF) vs Virtus Convertible & Income Fund II (NCZ)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Virtus Convertible & Income Fund II (NCZ) has outperformed DWS Municipal Income (KTF) over the past year, gaining 1.0% versus a loss of 12.7%. Over five years, KTF leads with a -32.1% price change compared with -34.1% for NCZ. DWS Municipal Income is the larger company by market cap ($313.9 million vs $266.8 million), about 1.2 times the size.
On valuation, Virtus Convertible & Income Fund II trades at a lower trailing P/E (3.9x vs 9.2x for DWS Municipal Income). Virtus Convertible & Income Fund II offers the higher dividend yield (10.27% vs 9.55%).
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 | KTF | NCZ |
|---|---|---|
| Share price | $8.01 | $14.02 |
| Market cap | $313.86M | $266.79M |
| 1-day change | -0.99% | -0.14% |
| YTD return | -11.88% | +1.74% |
| 1-year return | -12.75% | +1.01% |
| 5-year return | -32.12% | -34.12% |
| P/E ratio (TTM) | 9.21 | 3.94 |
| EPS (TTM) | $0.87 | $3.56 |
| Dividend yield | 9.55% | 10.27% |
| Annual dividend | $0.765 | $1.44 |
| 52-week high | $9.37 | $16.17 |
| 52-week low | $7.95 | $12.95 |
| Distance from 52-week high | -14.51% | -13.30% |
| Average volume | 254.31K | 63.82K |
| Shares outstanding | 39.18M | 19.03M |
| Sector | Finance | Finance |
| Industry | Finance Companies | 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
- NCZ has outperformed KTF by 13.8 percentage points over the past year.
- DWS Municipal Income trades at a higher earnings multiple (9.2x vs 3.9x trailing P/E).
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
About Virtus Convertible & Income Fund II
NCZ stock →Virtus Convertible & Income Fund II is a closed ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.S.
Finance · Finance Companies
KTF vs NCZ FAQ
Which is bigger, DWS Municipal Income or Virtus Convertible & Income Fund II?
DWS Municipal Income (KTF) is larger, with a market capitalization of $313.86M compared with $266.79M for Virtus Convertible & Income Fund II (NCZ).
Which stock has performed better over the past year, KTF or NCZ?
NCZ returned +1.01% over the past 12 months, compared with -12.75% for KTF (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, KTF or NCZ?
NCZ has the lower trailing P/E at 3.9, versus 9.2 for KTF. 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, DWS Municipal Income or Virtus Convertible & Income Fund II?
Virtus Convertible & Income Fund II has the higher yield at 10.27%, compared with 9.55% for DWS Municipal Income.
Are DWS Municipal Income and Virtus Convertible & Income Fund II in the same industry?
Yes. Both are classified in the Finance Companies industry within the Finance sector.