Screener
CVY vs PWZ
Invesco Zacks Multi-Asset Income ETF vs Invesco California AMT-Free Municipal Bond ETF
Key differences
- PWZ costs 0.93% less per year.
- PWZ is significantly larger than CVY — larger funds tend to be more liquid and less likely to close.
- CVY is classified as mixed asset, while PWZ is fixed income — different risk/return profiles.
- CVY covers global markets; PWZ covers north america.
- CVY follows a active selection strategy; PWZ uses index tracking.
- Over the last 3 years, CVY has delivered higher annualized returns.
Side-by-side comparison
| CVY | PWZ | |
|---|---|---|
| Annual cost (TER) | 1.21% | 0.28% |
| Fund size (AUM) | $119M | $1.1B |
| Since | 2006 | 2007 |
| Dividend yield | 3.74% | 3.57% |
| Asset class | mixed asset | fixed income |
| Region | global | north america |
| Strategy | active selection | index tracking |
| CAGR 1Y | +20.4% | +6.7% |
| CAGR 3Y | +16.2% | +2.5% |
| CAGR 5Y | +7.2% | -0.2% |
| Sharpe 3Y | 0.88 | -0.13 |
| Volatility 1Y | 11.04% | 4.39% |
| Max drawdown | -50.47% | -17.73% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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