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PWZ vs CMF

Invesco California AMT-Free Municipal Bond ETF vs iShares California Muni Bond ETF

PWZ

Invesco California AMT-Free Municipal Bond ETF

Invesco

Annual cost

0.28%

Fund size

$1.1B

CMF

iShares California Muni Bond ETF

iShares

Annual cost

0.08%

Fund size

$4.3B

Key differences

  • CMF costs 0.20% less per year.
  • CMF is significantly larger than PWZ — larger funds tend to be more liquid and less likely to close.

Side-by-side comparison

PWZCMF
Annual cost (TER)0.28%0.08%
Fund size (AUM)$1.1B$4.3B
Since20072007
Dividend yield3.57%2.96%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+6.7%+5.8%
CAGR 3Y+2.5%+2.8%
CAGR 5Y-0.2%+0.5%
Sharpe 3Y-0.13-0.17
Volatility 1Y4.39%2.81%
Max drawdown-17.73%-14.57%

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

Similar to PWZ and CMF