Screener
PBUS vs PWZ
Invesco MSCI USA ETF vs Invesco California AMT-Free Municipal Bond ETF
Key differences
- PBUS costs 0.24% less per year.
- PBUS is significantly larger than PWZ — larger funds tend to be more liquid and less likely to close.
- PBUS is classified as equity, while PWZ is fixed income — different risk/return profiles.
- Over the last 3 years, PBUS has delivered higher annualized returns.
- PWZ has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| PBUS | PWZ | |
|---|---|---|
| Annual cost (TER) | 0.04% | 0.28% |
| Fund size (AUM) | $11.4B | $1.1B |
| Since | 2017 | 2007 |
| Dividend yield | 0.98% | 3.59% |
| Asset class | equity | fixed income |
| Region | north america | north america |
| Strategy | index tracking | index tracking |
| CAGR 1Y | +24.6% | +8.7% |
| CAGR 3Y | +22.6% | +3.3% |
| CAGR 5Y | +13.1% | +0.1% |
| Sharpe 3Y | 1.19 | -0.01 |
| Volatility 1Y | 12.39% | 4.33% |
| Max drawdown | -33.15% | -17.73% |
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