PZA vs RVNU
Invesco National AMT-Free Municipal Bond ETF against Xtrackers Municipal Infrastructure Revenue Bond Active ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
5%
193 shared positions
Fee gap
13 bp
RVNU is cheaper
1-year return gap
1.5 pts
RVNU is ahead
Larger fund
PZA
$4.1B
Side by side
| PZA | RVNU | |
|---|---|---|
| Fund | Invesco National AMT-Free Municipal Bond ETF | Xtrackers Municipal Infrastructure Revenue Bond Active ETF |
| Issuer | Invesco | Xtrackers |
| Category | National Muni | National Muni |
| Expense ratio | 0.28% | 0.15% |
| Assets | $4.1B | $131M |
| Average daily dollar volume | $100M | $1.3M |
| Listed | Oct 11, 2007 | Jun 4, 2013 |
| FrenzyCap score | 80 | 65 |
| 1-month return | −1.5% | −1.0% |
| 3-month return | −5.5% | −4.9% |
| Year to date | −6.9% | −4.4% |
| 1-year return | −7.7% | −6.2% |
| 30-day volatility | 8.8% | 7.9% |
| Worst drawdown, 1 year | −10.4% | −9.4% |
| Trailing 12-month yield | 4.10% | 3.86% |
| Holdings | 6,664 | 280 |
| Top 10 weight | 1.0% | 12.0% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$400M thru May 2026 | +$2.5M thru May 2026 |
| 30-day implied volatility | 9.4% | — |
| Holdings as of | as of May 31, 2026SEC filing | as of May 29, 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
5% of PZA · 65% of RVNU| Holding | PZA | RVNU |
|---|---|---|
| Texas Water Development Board 4.75%, due Oct 15, 2055 | 0.10% | 0.91% |
| Triborough Bridge & Tunnel Authority 5%, due May 15, 2051 | 0.10% | 1.48% |
| New Jersey (State of) Turnpike Authority 5.25%, due Jan 1, 2052 | 0.09% | 0.77% |
| Miami-Dade (County of), FL 4%, due Oct 1, 2049 | 0.09% | 0.33% |
| Oklahoma (State of) Turnpike Authority 5.5%, due Jan 1, 2053 | 0.08% | 0.24% |
| New York (City of), NY Municipal Water Finance Authority 5.25%, due Jun 15, 2052 | 0.08% | 0.38% |
| Metropolitan Transportation Authority (Green Bonds) 5.25%, due Nov 15, 2055 | 0.08% | 0.37% |
| Battery Park City Authority 5.25%, due Nov 1, 2055 | 0.07% | 0.62% |
| County of Miami-Dade FL Water & Sewer System Revenue 5%, due Oct 1, 2055 | 0.07% | 0.37% |
| New York (City of), NY Municipal Water Finance Authority 5.25%, due Jun 15, 2054 | 0.07% | 0.68% |
| Salt River Project Agricultural Improvement & Power District 5.25%, due Jan 1, 2053 | 0.07% | 2.02% |
| Texas (State of) Water Development Board 4.8%, due Oct 15, 2052 | 0.07% | 0.29% |
| San Francisco (City of), CA 5%, due Nov 1, 2055 | 0.06% | 0.15% |
| New York (City of), NY Municipal Water Finance Authority 5.25%, due Jun 15, 2055 | 0.06% | 0.53% |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels) 4.25%, due May 15, 2058 | 0.06% | 0.41% |
| New York (City of), NY Municipal Water Finance Authority 4%, due Jun 15, 2050 | 0.05% | 0.19% |
| Bay Area Toll Authority (San Francisco Bay Area) 5%, due Apr 1, 2054 | 0.05% | 0.38% |
| Louisiana Stadium & Exposition District 5.25%, due Jul 1, 2053 | 0.05% | 0.31% |
| San Francisco (City & County of), CA Public Utilities Commission (Green Bonds) 5%, due Oct 1, 2054 | 0.05% | 0.53% |
| New York (City of), NY Municipal Water Finance Authority 4%, due Jun 15, 2052 | 0.05% | 0.56% |
| Massachusetts Bay Transportation Authority Sales Tax Revenue 5.25%, due Jul 1, 2055 | 0.05% | 0.77% |
| Chicago (City of), IL (O'Hare International Airport) 5.25%, due Jan 1, 2053 | 0.05% | 0.08% |
| Las Vegas (City of), NV Convention & Visitors Authority 4%, due Jul 1, 2049 | 0.05% | 0.19% |
| Triborough Bridge & Tunnel Authority (MTA Bridges & Tunnels) 4%, due May 15, 2057 | 0.05% | 0.64% |
| Pennsylvania (Commonwealth of) Turnpike Commission 4%, due Dec 1, 2049 | 0.05% | 0.19% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · PZA holdings · RVNU 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.