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PWZ vs PZA

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

PWZ

Invesco California AMT-Free Municipal Bond ETF

Invesco

Annual cost

0.28%

Fund size

$1.1B

PZA

Invesco National AMT-Free Municipal Bond ETF

Invesco

Annual cost

0.28%

Fund size

$4.0B

Key differences

  • PZA is significantly larger than PWZ — larger funds tend to be more liquid and less likely to close.

Side-by-side comparison

PWZPZA
Annual cost (TER)0.28%0.28%
Fund size (AUM)$1.1B$4.0B
Since20072007
Dividend yield3.57%3.63%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+6.7%+6.6%
CAGR 3Y+2.5%+2.7%
CAGR 5Y-0.2%-0.2%
Sharpe 3Y-0.13-0.12
Volatility 1Y4.39%4.20%
Max drawdown-17.73%-21.69%

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

Similar to PWZ and PZA