MMIT vs PZA
NYLIM MacKay Muni Intermediate 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%
60 shared positions
Fee gap
2 bp
PZA is cheaper
1-year return gap
3.6 pts
MMIT is ahead
Larger fund
PZA
$4.1B
Side by side
| MMIT | PZA | |
|---|---|---|
| Fund | NYLIM MacKay Muni Intermediate ETF | Invesco National AMT-Free Municipal Bond ETF |
| Issuer | New York Life | Invesco |
| Category | National Muni | National Muni |
| Expense ratio | 0.30% | 0.28% |
| Assets | $1.6B | $4.1B |
| Average daily dollar volume | $28M | $100M |
| Listed | Oct 18, 2017 | Oct 11, 2007 |
| FrenzyCap score | 70 | 80 |
| 1-month return | −0.3% | −2.0% |
| 3-month return | −3.3% | −6.6% |
| Year to date | −4.2% | −7.2% |
| 1-year return | −4.4% | −8.0% |
| 30-day volatility | 5.5% | 8.9% |
| Worst drawdown, 1 year | −7.9% | −10.4% |
| Trailing 12-month yield | 3.77% | 4.11% |
| Holdings | 855 | 6,664 |
| Top 10 weight | 8.0% | 1.0% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | −$92M thru Jul 2026 | +$400M thru May 2026 |
| 30-day implied volatility | — | 21.5% |
| Holdings as of | as of Jul 31, 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
7% of MMIT · 1% of PZA| Holding | MMIT | PZA |
|---|---|---|
| CHICAGO CITY BOARD OF EDUCATION (IL) 6%, due Apr 1, 2046 | 0.59% | 0.09% |
| HUDSON YARDS INFRASTRUCTURE CORP (NY) 5%, due Feb 15, 2042 | 0.91% | 0.06% |
| UNIVERSITY OF WASHINGTON (WA) 3.125%, due Jul 1, 2042 | 0.08% | 0.05% |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY) 5.25%, due May 1, 2048 | 0.14% | 0.04% |
| NEW YORK LIBERTY DEVELOPMENT CORP (NY) 2.45%, due Sep 15, 2069 | 0.03% | 0.05% |
| NEW JERSEY TURNPIKE AUTHORITY (NJ) 5%, due Jan 1, 2045 | 0.12% | 0.03% |
| PORTLAND ORE 5%, due Dec 1, 2047 | 0.12% | 0.03% |
| NEW YORK CITY TRANSITIONAL FINANCE AUTHORITY (THE) (NY) 5.25%, due May 1, 2048 | 0.09% | 0.03% |
| NEW YORK N Y CITY TRANSITIONAL FIN AUTH 5%, due Nov 1, 2046 | 0.04% | 0.03% |
| COLORADO HEALTH FACILITIES AUTHORITY (CO) 4%, due Nov 15, 2043 | 0.13% | 0.03% |
| LOUISIANA PUBLIC FACILITIES AUTHORITY (LA) 3%, due May 15, 2047 | 0.06% | 0.03% |
| MICHIGAN FINANCE AUTHORITY (MI) 5%, due Nov 1, 2044 | 0.07% | 0.03% |
| NEW YORK N Y CITY MUN WTR FIN AUTH 5%, due Jun 15, 2046 | 0.18% | 0.03% |
| TRIBOROUGH BRIDGE AND TUNNEL AUTHORITY (NY) 5.25%, due May 15, 2047 | 0.09% | 0.03% |
| DENVER (CO), CITY AND COUNTY OF 5%, due Aug 1, 2044 | 0.07% | 0.02% |
| INDIANA MUNICIPAL POWER AGENCY (IN) 5%, due Jan 1, 2043 | 0.09% | 0.02% |
| PENNSYLVANIA TURNPIKE COMMISSION (PA) 5%, due Dec 1, 2043 | 0.07% | 0.02% |
| NEW JERSEY TRANSPORTATION TRUST FUND AUTHORITY (NJ) 5.25%, due Jun 15, 2043 | 0.20% | 0.02% |
| INTERMOUNTAIN POWER AGENCY (UT) 5%, due Jul 1, 2045 | 0.07% | 0.02% |
| HOSPITAL AUTHORITY N.1 OF SARPY COUNTY (NE), due May 15, 2046 | 0.04% | 0.02% |
| ILLINOIS FINANCE AUTHORITY (IL) 5%, due Jul 1, 2042 | 0.04% | 0.02% |
| MASSACHUSETTS ST DEV FIN AGY 5%, due Jul 1, 2044 | 0.15% | 0.02% |
| LOS ANGELES CALIF DEPT WTR & PWR 5%, due Jul 1, 2042 | 0.13% | 0.02% |
| MICHIGAN ST TRUNK LINE 5.5%, due Nov 15, 2044 | 0.15% | 0.02% |
| OREGON STATE DEPARTMENT OF TRANSPORTATION (OR) 5%, due Nov 15, 2042 | 0.36% | 0.02% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · MMIT 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.