JHMU vs PZA
John Hancock Dynamic Municipal Bond ETF against Invesco National AMT-Free Municipal Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
0%
14 shared positions
Fee gap
11 bp
PZA is cheaper
1-year return gap
3.4 pts
JHMU is ahead
Larger fund
PZA
$4.1B
Side by side
| JHMU | PZA | |
|---|---|---|
| Fund | John Hancock Dynamic Municipal Bond ETF | Invesco National AMT-Free Municipal Bond ETF |
| Issuer | John Hancock | Invesco |
| Category | National Muni | National Muni |
| Expense ratio | 0.39% | 0.28% |
| Assets | $44M | $4.1B |
| Average daily dollar volume | $2.1M | $99M |
| Listed | Nov 1, 2023 | Oct 11, 2007 |
| FrenzyCap score | 41 | 80 |
| 1-month return | −0.5% | −1.9% |
| 3-month return | −3.6% | −6.5% |
| Year to date | −4.0% | −6.8% |
| 1-year return | −4.2% | −7.6% |
| 30-day volatility | 6.5% | 8.9% |
| Worst drawdown, 1 year | −8.2% | −10.4% |
| Trailing 12-month yield | 3.96% | 4.42% |
| Holdings | 220 | 6,664 |
| Top 10 weight | 12.2% | 1.0% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$2.0M thru Jun 2026 | +$400M thru May 2026 |
| 30-day implied volatility | — | 9.7% |
| Holdings as of | as of Jun 30, 2026SEC filing | as of May 31, 2026SEC filing |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
5% of JHMU · 0% of PZA| Holding | JHMU | PZA |
|---|---|---|
| New York City Municipal Water Finance Authority 5%, due Jun 15, 2055 | 1.19% | 0.06% |
| Texas Water Development Board 4%, due Oct 15, 2043 | 0.23% | 0.03% |
| Massachusetts Development Finance Agency 5.5%, due Dec 1, 2056 | 0.61% | 0.02% |
| METROPOLITAN GOVERNMENT NASHVI METFAC 07/53 FIXED 5.25, due Jul 1, 2053 | 0.60% | 0.02% |
| Beaver County Industrial Development Authority 3.75%, due Oct 1, 2047 | 0.07% | 0.01% |
| Colorado Health Facilities Authority 4%, due Aug 1, 2044 | 0.24% | 0.01% |
| State of Illinois 5%, due Sep 1, 2044 | 0.48% | 0.01% |
| DISTRICT OF COLUMBIA INCOME TA DISGEN 06/44 FIXED 5, due Jun 1, 2044 | 0.25% | 0.01% |
| State of Illinois 4%, due Oct 1, 2043 | 0.26% | 0.01% |
| ISLE WIGHT COUNTY INDUSTRIAL D ILWDEV 07/43 FIXED 5.25, due Jul 1, 2043 | 0.62% | 0.00% |
| CITY OF LOS ANGELES CA WASTEWA LOSUTL 06/43 FIXED 5, due Jun 1, 2043 | 0.26% | 0.00% |
| DISTRICT OF COLUMBIA INCOME TA DISGEN 06/45 FIXED 5, due Jun 1, 2045 | 0.14% | 0.00% |
| The Port Authority of New York and New Jersey 5%, due Jan 15, 2045 | 0.06% | 0.00% |
| Pennsylvania Higher Educational Facilities Authority 5.25%, due Nov 1, 2043 | 0.15% | 0.00% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · JHMU holdings · PZA holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.