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INTM vs PZA

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

INTM

Invesco Intermediate Municipal ETF

Invesco

Annual cost

0.35%

Fund size

$101M

PZA

Invesco National AMT-Free Municipal Bond ETF

Invesco

Annual cost

0.28%

Fund size

$4.0B

Key differences

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

Side-by-side comparison

INTMPZA
Annual cost (TER)0.35%0.28%
Fund size (AUM)$101M$4.0B
Since20252007
Dividend yield3.63%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyactive selectionindex tracking
CAGR 1YN/A+6.6%
CAGR 3YN/A+2.7%
CAGR 5YN/A-0.2%
Sharpe 3YN/A-0.12
Volatility 1Y4.20%
Max drawdown-2.65%-21.69%

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

Similar to INTM and PZA