JMSI vs PZA
JPMorgan Sustainable Municipal Income 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
1%
36 shared positions
Fee gap
10 bp
JMSI is cheaper
1-year return gap
2.4 pts
JMSI is ahead
Larger fund
PZA
$4.1B
Side by side
| JMSI | PZA | |
|---|---|---|
| Fund | JPMorgan Sustainable Municipal Income ETF | Invesco National AMT-Free Municipal Bond ETF |
| Issuer | JPMorgan | Invesco |
| Category | National Muni | National Muni |
| Expense ratio | 0.18% | 0.28% |
| Assets | $381M | $4.1B |
| Average daily dollar volume | $7.2M | $100M |
| Listed | Feb 9, 1993 | Oct 11, 2007 |
| FrenzyCap score | 72 | 80 |
| 1-month return | −0.6% | −1.5% |
| 3-month return | −2.6% | −5.5% |
| Year to date | −4.9% | −6.9% |
| 1-year return | −5.3% | −7.7% |
| 30-day volatility | 7.5% | 8.8% |
| Worst drawdown, 1 year | −8.5% | −10.4% |
| Trailing 12-month yield | 3.84% | 4.10% |
| Holdings | 306 | 6,664 |
| Top 10 weight | 9.9% | 1.0% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$22M thru May 2026 | +$400M thru May 2026 |
| 30-day implied volatility | — | 9.4% |
| Holdings as of | as of Oct 21, 2026issuer data | 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
12% of JMSI · 1% of PZA| Holding | JMSI | PZA |
|---|---|---|
| ORANGE CNTY 5.25% 10/56, due Oct 1, 2056 | 0.56% | 0.10% |
| CALIFORNIA 4% 08/48, due Aug 15, 2048 | 0.22% | 0.09% |
| JEFFERSON 5.25% 10/49, due Oct 1, 2049 | 0.28% | 0.09% |
| JEFFERSON CNTY 5.5% 10/53, due Oct 1, 2053 | 0.26% | 0.08% |
| CHICAGO ILL TRAN 5% 12/49, due Dec 1, 2049 | 0.25% | 0.07% |
| MONROE CNTY N Y 4% 07/50, due Jul 1, 2050 | 0.37% | 0.06% |
| NEW YORK N Y 5% 06/43, due Jun 15, 2043 | 0.99% | 0.04% |
| NEW YORK ST DORM 4% 07/45, due Jul 1, 2045 | 0.23% | 0.04% |
| COLORADO HEALTH 4% 08/49, due Aug 1, 2049 | 0.21% | 0.04% |
| TEXAS WTR DEV 4% 10/44, due Oct 15, 2044 | 1.03% | 0.03% |
| BROOKHAVEN GA 4% 07/49, due Jul 1, 2049 | 0.43% | 0.03% |
| ONONDAGA CNTY N 4% 12/47, due Dec 1, 2047 | 0.22% | 0.03% |
| NEW YORK ST 5.25% 06/53, due Jun 15, 2053 | 0.27% | 0.03% |
| COLORADO HEALTH 4% 11/43, due Nov 15, 2043 | 0.47% | 0.03% |
| ARIZONA INDL DEV 4% 07/51, due Jul 1, 2051 | 0.20% | 0.03% |
| WASHINGTON D C 5% 07/48, due Jul 15, 2048 | 0.52% | 0.02% |
| PALM BEACH CNTY 5% 05/53, due May 15, 2053 | 0.11% | 0.02% |
| LAMAR TEX CONS 4% 02/53, due Feb 15, 2053 | 0.21% | 0.02% |
| MICHIGAN ST UNIV 5% 02/55, due Feb 15, 2055 | 0.26% | 0.02% |
| TEXAS ST UNIV 4% 03/49, due Mar 15, 2049 | 0.22% | 0.02% |
| BATTERY PK CITY 5% 11/48, due Nov 1, 2048 | 0.26% | 0.02% |
| UNIVERSITY COLO 4% 06/43, due Jun 1, 2043 | 0.47% | 0.02% |
| ONONDAGA N Y 4.5% 12/50, due Dec 1, 2050 | 0.23% | 0.01% |
| TARRANT CNTY 4.125% 12/54, due Dec 1, 2054 | 0.56% | 0.01% |
| MANSFIELD TEX 4% 02/54, due Feb 15, 2054 | 0.21% | 0.01% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · JMSI 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.