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INTM vs PWZ

Invesco Intermediate Municipal ETF vs Invesco California AMT-Free Municipal Bond ETF

INTM

Invesco Intermediate Municipal ETF

Invesco

Annual cost

0.35%

Fund size

$101M

PWZ

Invesco California AMT-Free Municipal Bond ETF

Invesco

Annual cost

0.28%

Fund size

$1.1B

Key differences

  • PWZ costs 0.07% less per year.
  • PWZ is significantly larger than INTM — larger funds tend to be more liquid and less likely to close.
  • INTM follows a active selection strategy; PWZ uses index tracking.
  • PWZ has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

INTMPWZ
Annual cost (TER)0.35%0.28%
Fund size (AUM)$101M$1.1B
Since20252007
Dividend yield3.57%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1YN/A+6.7%
CAGR 3YN/A+2.5%
CAGR 5YN/A-0.2%
Sharpe 3YN/A-0.13
Volatility 1Y4.39%
Max drawdown-2.65%-17.73%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to INTM and PWZ