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PZA vs TAXF
Invesco National AMT-Free Municipal Bond ETF vs American Century Diversified Municipal Bond ETF
Key differences
- PZA is significantly larger than TAXF — larger funds tend to be more liquid and less likely to close.
- PZA follows a index tracking strategy; TAXF uses active selection.
- PZA has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| PZA | TAXF | |
|---|---|---|
| Annual cost (TER) | 0.28% | 0.27% |
| Fund size (AUM) | $4.0B | $627M |
| Since | 2007 | 2018 |
| Dividend yield | 3.63% | 3.82% |
| Asset class | fixed income | fixed income |
| Region | north america | north america |
| Strategy | index tracking | active selection |
| CAGR 1Y | +6.6% | +7.0% |
| CAGR 3Y | +2.7% | +3.6% |
| CAGR 5Y | -0.2% | +0.9% |
| Sharpe 3Y | -0.12 | 0.03 |
| Volatility 1Y | 4.20% | 3.09% |
| Max drawdown | -21.69% | -13.94% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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