JMUB vs PZA
JPMorgan Municipal 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
4%
232 shared positions
Fee gap
10 bp
JMUB is cheaper
1-year return gap
3.1 pts
JMUB is ahead
Larger fund
JMUB
$8.7B
Side by side
| JMUB | PZA | |
|---|---|---|
| Fund | JPMorgan Municipal ETF | Invesco National AMT-Free Municipal Bond ETF |
| Issuer | JPMorgan | Invesco |
| Category | National Muni | National Muni |
| Expense ratio | 0.18% | 0.28% |
| Assets | $8.7B | $4.1B |
| Average daily dollar volume | $171M | $100M |
| Listed | Oct 29, 2018 | Oct 11, 2007 |
| FrenzyCap score | 90 | 80 |
| 1-month return | −0.6% | −2.0% |
| 3-month return | −3.4% | −6.6% |
| Year to date | −4.5% | −7.2% |
| 1-year return | −4.9% | −8.0% |
| 30-day volatility | 6.3% | 8.9% |
| Worst drawdown, 1 year | −7.8% | −10.4% |
| Trailing 12-month yield | 3.80% | 4.11% |
| Holdings | 2,178 | 6,664 |
| Top 10 weight | 5.5% | 1.0% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$751M thru May 2026 | +$400M thru May 2026 |
| 30-day implied volatility | — | 21.5% |
| Holdings as of | as of Oct 20, 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 JMUB · 5% of PZA| Holding | JMUB | PZA |
|---|---|---|
| JEFFERSON 5.25% 10/49, due Oct 1, 2049 | 0.23% | 0.09% |
| JEFFERSON CNTY 5.5% 10/53, due Oct 1, 2053 | 0.21% | 0.08% |
| COLORADO HEALTH 5% 08/44, due Aug 1, 2044 | 0.14% | 0.08% |
| CHICAGO ILL TRAN 5% 12/49, due Dec 1, 2049 | 0.15% | 0.07% |
| NEW YORK ST DORM 5% 03/55, due Mar 15, 2055 | 0.08% | 0.07% |
| MONROE CNTY N Y 4% 07/50, due Jul 1, 2050 | 0.11% | 0.06% |
| GRAND PARKWAY 4% 10/45, due Oct 1, 2045 | 0.06% | 0.06% |
| NEW YORK N Y 5% 06/51, due Jun 15, 2051 | 0.07% | 0.05% |
| COLORADO HEALTH 4% 11/50, due Nov 15, 2050 | 0.05% | 0.05% |
| NORTHWEST TEX 5% 02/50, due Feb 15, 2050 | 0.08% | 0.05% |
| NEW YORK N Y 4% 02/47, due Feb 1, 2047 | 0.07% | 0.05% |
| GRAND PARKWAY 5% 10/43, due Oct 1, 2043 | 0.10% | 0.05% |
| MASSACHUSETTS ST 5% 05/48, due May 1, 2048 | 0.15% | 0.05% |
| NEW YORK N Y 5% 06/46, due Jun 15, 2046 | 0.06% | 0.05% |
| ORANGE CNTY 5.25% 10/56, due Oct 1, 2056 | 0.05% | 0.10% |
| NEW YORK ST DORM 4% 03/42, due Mar 15, 2042 | 0.08% | 0.04% |
| NEW JERSEY ST 5.25% 06/50, due Jun 15, 2050 | 0.04% | 0.08% |
| NEW YORK N Y 5% 11/47, due Nov 1, 2047 | 0.04% | 0.04% |
| ENERGY NORTHWEST 4% 07/42, due Jul 1, 2042 | 0.04% | 0.04% |
| PROSPER TEX 4% 02/54, due Feb 15, 2054 | 0.04% | 0.04% |
| ORANGE CNTY 4.5% 10/56, due Oct 1, 2056 | 0.04% | 0.06% |
| COLORADO HEALTH 4% 08/49, due Aug 1, 2049 | 0.04% | 0.04% |
| NEW YORK ST 5.25% 07/50, due Jul 1, 2050 | 0.16% | 0.04% |
| NEW YORK N Y 5.25% 06/52, due Jun 15, 2052 | 0.04% | 0.08% |
| TEXAS ST GEN 5% 10/43, due Oct 1, 2043 | 0.06% | 0.03% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · JMUB 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.