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PZT vs LMUB

Invesco New York AMT-Free Municipal Bond ETF vs iShares Long-Term National Muni Bd ETF

PZT

Invesco New York AMT-Free Municipal Bond ETF

Invesco

Annual cost

0.28%

Fund size

$130M

LMUB

iShares Long-Term National Muni Bd ETF

iShares

Annual cost

0.09%

Fund size

$1.5B

Key differences

  • LMUB costs 0.19% less per year.
  • LMUB is significantly larger than PZT — larger funds tend to be more liquid and less likely to close.
  • PZT has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

PZTLMUB
Annual cost (TER)0.28%0.09%
Fund size (AUM)$130M$1.5B
Since20072025
Dividend yield3.57%3.96%
Asset classfixed incomefixed income
Regionnorth americanorth america
Strategyindex trackingindex tracking
CAGR 1Y+7.1%+6.8%
CAGR 3Y+2.7%N/A
CAGR 5Y-0.3%N/A
Sharpe 3Y-0.09N/A
Volatility 1Y4.64%4.20%
Max drawdown-19.28%-5.51%

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

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