NUMI vs PZA
Nuveen 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.
Fee gap
1 bp
PZA is cheaper
1-year return gap
2.3 pts
NUMI is ahead
Larger fund
PZA
$4.0B
Side by side
| NUMI | PZA | |
|---|---|---|
| Fund | Nuveen Municipal Income ETF | Invesco National AMT-Free Municipal Bond ETF |
| Issuer | Nuveen | Invesco |
| Category | National Muni | National Muni |
| Expense ratio | 0.29% | 0.28% |
| Assets | $84M | $4.0B |
| Average daily dollar volume | $1.3M | $89M |
| Listed | Jan 22, 2025 | Oct 11, 2007 |
| FrenzyCap score | 48 | 78 |
| 1-month return | −2.2% | −3.4% |
| 3-month return | −6.2% | −8.9% |
| Year to date | −6.2% | −8.1% |
| 1-year return | −5.7% | −8.0% |
| 30-day volatility | 6.8% | 8.1% |
| Worst drawdown, 1 year | −9.0% | −10.4% |
| Trailing 12-month yield | 3.63% | 4.12% |
| Holdings | 271 | 6,664 |
| Top 10 weight | 11.7% | 1.0% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$5.6M thru Jun 2026 | +$400M thru May 2026 |
| 30-day implied volatility | — | 13.4% |
| 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.
More: full overlap table · NUMI 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.