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PWZ vs CATF

Invesco California AMT-Free Municipal Bond ETF vs American Century California Municipal Bond ETF

PWZ

Invesco California AMT-Free Municipal Bond ETF

Invesco

Annual cost

0.28%

Fund size

$1.1B

CATF

American Century California Municipal Bond ETF

American Century Investments

Annual cost

0.27%

Fund size

$75M

Key differences

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

Side-by-side comparison

PWZCATF
Annual cost (TER)0.28%0.27%
Fund size (AUM)$1.1B$75M
Since20072024
Dividend yield3.57%3.55%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingactive selection
CAGR 1Y+6.7%+7.0%
CAGR 3Y+2.5%N/A
CAGR 5Y-0.2%N/A
Sharpe 3Y-0.13N/A
Volatility 1Y4.39%3.14%
Max drawdown-17.73%-4.83%

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

Similar to PWZ and CATF