MNBD vs PZA
ALPS BBH Intermediate 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
1%
22 shared positions
Fee gap
16 bp
PZA is cheaper
1-year return gap
2.0 pts
MNBD is ahead
Larger fund
PZA
$4.1B
Side by side
| MNBD | PZA | |
|---|---|---|
| Fund | ALPS BBH Intermediate Municipal Bond ETF | Invesco National AMT-Free Municipal Bond ETF |
| Issuer | ALPS | Invesco |
| Category | National Muni | National Muni |
| Expense ratio | 0.44% | 0.28% |
| Assets | $56M | $4.1B |
| Average daily dollar volume | $125K | $83M |
| Listed | May 19, 2022 | Oct 11, 2007 |
| FrenzyCap score | 30 | 80 |
| 1-month return | +3.8% | +5.5% |
| 3-month return | −0.7% | −2.6% |
| Year to date | −1.5% | −3.2% |
| 1-year return | −1.4% | −3.4% |
| 30-day volatility | 6.2% | 8.4% |
| Worst drawdown, 1 year | −7.5% | −10.4% |
| Trailing 12-month yield | 3.45% | 3.94% |
| Holdings | 198 | 7,123 |
| Top 10 weight | 14.3% | 1.0% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$1.9M thru Aug 2026 | +$213M thru Aug 2026 |
| 30-day implied volatility | — | 7.7% |
| Holdings as of | as of Aug 31, 2026SEC filing | as of Aug 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
10% of MNBD · 1% of PZA| Holding | MNBD | PZA |
|---|---|---|
| New York St Dorm Auth St Personal Income Tax Revenue 4%, due Feb 15, 2047 | 1.22% | 0.10% |
| Lower Al Gas Dist Gas Proj Revenue 5%, due Sep 1, 2046 | 0.62% | 0.09% |
| Met Transprtn Auth Ny Revenue 4.75%, due Nov 15, 2045 | 0.45% | 0.07% |
| Texas St Wtr Dev Brd 4%, due Oct 15, 2043 | 0.16% | 0.06% |
| New Jersey St Transprtn Trust Fund Auth 5%, due Jun 15, 2042 | 0.46% | 0.05% |
| New York St Thruway Auth Gen Revenue Junior Indebtedness Obl 4%, due Jan 1, 2045 | 0.30% | 0.05% |
| Martin Cnty Fl Hlth Facs Auth 4%, due Jan 1, 2046 | 0.26% | 0.05% |
| Idaho St Hlth Facs Auth Revenue 2.05%, due Mar 1, 2048 | 1.05% | 0.05% |
| New York City Ny Transitional Fin Auth Rev 5%, due May 1, 2042 | 0.55% | 0.04% |
| New Jersey St Transprtn Trust Fund Auth 4.25%, due Jun 15, 2044 | 0.50% | 0.03% |
| New York City Ny Transitional Fin Auth Revenue 5.25%, due Feb 1, 2047 | 0.27% | 0.03% |
| Colorado St Hlth Facs Auth Revenue 4%, due Nov 15, 2043 | 0.16% | 0.03% |
| S Miami Fl Hlth Facs Auth 5%, due Aug 15, 2042 | 0.62% | 0.02% |
| Illinois St Fin Auth Revenue 4%, due Jul 15, 2047 | 0.31% | 0.02% |
| New York City Ny Muni Wtr Fin Auth Wtr & Swr Sys Revenue 4%, due Jun 15, 2045 | 0.16% | 0.02% |
| Illinois St Fin Auth Revenue 5%, due Aug 15, 2047 | 0.98% | 0.02% |
| Colorado St Hlth Facs Auth Revenue 4%, due Nov 15, 2046 | 0.16% | 0.02% |
| Met Transprtn Auth Ny Revenue 4%, due Nov 15, 2048 | 0.15% | 0.02% |
| New York St Thruway Auth Personal Income Tax Revenue 5%, due Mar 15, 2042 | 0.18% | 0.01% |
| New York City Ny Transitional Fin Auth Rev 5%, due May 1, 2042 | 0.18% | 0.01% |
| Michigan St Fin Auth Revenue 4%, due Apr 15, 2042 | 0.60% | 0.01% |
| New York St Dorm Auth St Personal Income Tax Revenue 5%, due Mar 15, 2045 | 0.37% | 0.00% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · MNBD 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.