Screener
PZA vs TAFM
Invesco National AMT-Free Municipal Bond ETF vs AB Tax-Aware Intermediate Municipal ETF
Key differences
Both PZA and TAFM are fixed income ETFs. PZA charges 0.28% a year and TAFM 0.28%. The main difference: PZA follows a index tracking strategy; TAFM uses active selection.
- PZA follows a index tracking strategy; TAFM uses active selection.
- PZA is much larger than TAFM. Larger funds are usually more liquid and less likely to close.
- PZA has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| PZA | TAFM | |
|---|---|---|
| Annual cost (TER) | 0.28% | 0.28% |
| Fund size (AUM) | $4.1B | $612M |
| Since | 2007 | 2023 |
| Dividend yield | 3.65% | 3.67% |
| Asset class | fixed income | fixed income |
| Region | north america | north america |
| Strategy | index tracking | active selection |
| CAGR 1Y | +8.7% | +7.0% |
| CAGR 3Y | +3.2% | N/A |
| CAGR 5Y | -0.0% | N/A |
| Sharpe 3Y | -0.03 | N/A |
| Volatility 1Y | 4.23% | 3.21% |
| Max drawdown | -21.69% | -4.74% |
Beyond the comparison: Beacon helps you build, track, and project a portfolio with the ETFs you pick.