PZA vs TAXI
Invesco National AMT-Free Municipal Bond ETF against Northern Trust Intermediate Tax-Exempt Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
0%
1 shared positions
Fee gap
23 bp
TAXI is cheaper
1-year return gap
5.5 pts
TAXI is ahead
Larger fund
PZA
$4.1B
Side by side
| PZA | TAXI | |
|---|---|---|
| Fund | Invesco National AMT-Free Municipal Bond ETF | Northern Trust Intermediate Tax-Exempt Bond ETF |
| Issuer | Invesco | Northern Trust FlexShares |
| Category | National Muni | National Muni |
| Expense ratio | 0.28% | 0.05% |
| Assets | $4.1B | $160M |
| Average daily dollar volume | $98M | $6.3M |
| Listed | Oct 11, 2007 | Aug 18, 2025 |
| FrenzyCap score | 80 | 75 |
| 1-month return | +1.9% | +3.0% |
| 3-month return | −4.5% | −0.4% |
| Year to date | −5.5% | −1.5% |
| 1-year return | −6.4% | −0.9% |
| 30-day volatility | 9.0% | 4.6% |
| Worst drawdown, 1 year | −10.4% | −6.3% |
| Trailing 12-month yield | 4.04% | 2.63% |
| Holdings | 6,664 | 2,397 |
| Top 10 weight | 1.0% | 1.6% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$400M thru May 2026 | +$46M thru Jun 2026 |
| 30-day implied volatility | 7.1% | — |
| Holdings as of | as of May 31, 2026SEC filing | as of Jun 30, 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
0% of PZA · 0% of TAXI| Holding | PZA | TAXI |
|---|---|---|
| Grand River Dam Authority 5%, due Jun 1, 2041 | 0.00% | 0.01% |
Sector mix of the stock holdings
No sector breakdown: these funds hold few classified stocks.
More: full overlap table · PZA holdings · TAXI 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.