PZA vs TAXT
Invesco National AMT-Free Municipal Bond ETF against Northern Trust Tax-Exempt Bond ETF: cost, size, returns, what they hold and how much of it is the same.
Fee gap
23 bp
TAXT is cheaper
1-year return gap
4.3 pts
TAXT is ahead
Larger fund
PZA
$4.0B
Side by side
| PZA | TAXT | |
|---|---|---|
| Fund | Invesco National AMT-Free Municipal Bond ETF | Northern Trust Tax-Exempt Bond ETF |
| Issuer | Invesco | Northern Trust FlexShares |
| Category | National Muni | National Muni |
| Expense ratio | 0.28% | 0.05% |
| Assets | $4.0B | $61M |
| Average daily dollar volume | $89M | $3.0M |
| Listed | Oct 11, 2007 | Aug 18, 2025 |
| FrenzyCap score | 78 | 70 |
| 1-month return | −3.4% | −0.9% |
| 3-month return | −8.9% | −4.1% |
| Year to date | −8.1% | −4.2% |
| 1-year return | −8.0% | −3.6% |
| 30-day volatility | 8.1% | 5.8% |
| Worst drawdown, 1 year | −10.4% | −7.2% |
| Trailing 12-month yield | 4.12% | 3.34% |
| Holdings | 6,664 | 1,291 |
| Top 10 weight | 1.0% | 3.5% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | +$400M thru May 2026 | +$8.2M thru Jun 2026 |
| 30-day implied volatility | 13.4% | — |
| 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.
More: full overlap table · PZA holdings · TAXT 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.