Screener
PWZ vs TAFL
Invesco California AMT-Free Municipal Bond ETF vs AB Tax-Aware Long Municipal ETF
Key differences
Both PWZ and TAFL are fixed income ETFs. PWZ charges 0.28% a year and TAFL 0.28%. The main difference: PWZ follows a index tracking strategy; TAFL uses active selection.
- PWZ follows a index tracking strategy; TAFL uses active selection.
- PWZ is much larger than TAFL. Larger funds are usually more liquid and less likely to close.
- PWZ has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| PWZ | TAFL | |
|---|---|---|
| Annual cost (TER) | 0.28% | 0.28% |
| Fund size (AUM) | $1.1B | $58M |
| Since | 2007 | 2023 |
| Dividend yield | 3.59% | 4.12% |
| Asset class | fixed income | fixed income |
| Region | north america | north america |
| Strategy | index tracking | active selection |
| CAGR 1Y | +8.6% | +8.3% |
| CAGR 3Y | +3.1% | N/A |
| CAGR 5Y | +0.1% | N/A |
| Sharpe 3Y | -0.04 | N/A |
| Volatility 1Y | 4.33% | 4.26% |
| Max drawdown | -17.73% | -6.01% |
Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.