Compare · 2 funds side by side · dividends reinvested

PWZ and MMMA

PWZInvesco×MMMANY Life Investments×

Versus in desk

Story of the two · Growth5Y$10,000 five years agoDividends reinvested · both on one scale$9,856PWZ · best of the two

02 / 03

PWZ and MMMA, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

Invesco California AMT-Free Municipal Bond ETFBonds & Cash · Municipal0.28%3.95%−0.8%−0.4%+4.4%−0.4%−9.1%5.0%$1.2B1.1

NYLI MacKay Muni Allocation ETFBonds & Cash · Municipal0.40%3.74%+2.6%[…][…][…][…][…]$60M1.7

Rank among the two1st → 2ndFee, drop and volatility: lower ranks higherAvg rank: mean of the 8 ranks · 1 is best

End-of-day Nov 5, 2026 · returns include dividends · since: PWZ 2007 · MMMA 2025

Head to Head

Swap sides Versus in desk

Head to Head

Invesco California AMT-Free Municipal Bond ETF · $1.2B$9,856

PWZ

MMMA

NYLI MacKay Muni Allocation ETF · $60M[…]

$10,000 five years ago, dividends reinvested

PWZMeasureMMMA

−0.8%Year to dateJan 1 → Nov 5+2.6%

−0.4%1 yearTotal return[…]

+4.4%3 years · per year$10,000 became $11,382 · […][…]

−0.4%5 years · per year$10,000 became $9,818 · […][…]

0.28%Expense ratio$28 · $40 a year on $10k · lower is better0.40%

3.95%Trailing 12-mo yield$395 · $374 a year on $10k3.74%

−9.1%Worst dropSmaller is better[…]

5.0%VolatilityLower is calmer[…]

PWZMMMA Winner of the row, in its colourEach row: the bigger of the two fills its side

2–1PWZ wins

End-of-day Nov 5, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

More Ways to See the Pairs

PWZ vs MMMA: Top 5 Holdings

Today

PWZ

[…]in top 5

MMMA

in top 50.1%

PWZStockMMMA

not top 5CASH0.1%

Held in common[…]

End-of-day Nov 5, 2026 · share of each fund

PWZ vs MMMA Returns, Every Period

InvescoPWZ

−0.4%

past year

MMMANY Life Investments

[…]

past year

PWZMMMAFaded: behind in that period

0–1MMMA wins

End-of-day Nov 5, 2026 · dividends in · faded = behind in that period

PWZ vs MMMA

YTD

InvescoPWZ

−0.8%

MMMANY Life Investments

+2.6%

−0.8%Year to date+2.6%

−9.1%Worst drop · 1Y[…]

5.0%Volatility · 1Y[…]

4.0%Yield3.7%

$1.2BAssets$59.6M

1–1level

End-of-day Nov 5, 2026 · smaller drop and lower volatility win

Cost, Income and Risk

Fees: PWZ, MMMA

Today

0.28%lowest, PWZ

FundExpense ratioFee$10k

PWZ0.28%$28

MMMA0.40%$40

End-of-day Nov 5, 2026 · fee on $10,000 a year

Yields: PWZ, MMMA

3.95%highest, PWZ

FundTrailing yieldYield$10k

PWZ3.95%$395

MMMA3.74%$374

End-of-day Nov 5, 2026 · trailing 12-month yield

Income After Fees on $10,000

$367most kept, PWZ

PWZ$395 − $28 = $367

MMMA$374 − $40 = $334

KeptFee

End-of-day Nov 5, 2026 · yield in dollars minus the fee

Overlap: PWZ, MMMA

Today

[…]holdings […]

PWZMMMA

PWZ—[…]

MMMA[…]—

End-of-day Nov 5, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 2 ETFs

−0.4%PWZ, at 5.0% volatility

PWZWorst drop−9.1%5.0% vol

MMMAWorst drop[…][…]

End-of-day Nov 5, 2026 · up and left is better

Paid More vs Made More

YTD

PWZMMMA

−0.8%Year to date+2.6%

4.0%Yield3.7%

−0.4%Past year[…]

0.28%Fee0.40%

2–1PWZ wins

End-of-day Nov 5, 2026

Popular Pairs Near These Two

SCHD vs VIG

YTD

SchwabSCHD

+35.3%

VIGVanguard

+16.4%

+35.3%Year to date+16.4%

2.9%Yield1.4%

$123BAssets$109B

2–0SCHD wins

End-of-day Nov 5, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+8.5%

JEPIJ.P. Morgan

+8.8%

+8.5%Year to date+8.8%

12.2%Yield7.8%

$42.1BAssets$46.1B

1–1level

End-of-day Nov 5, 2026

SPYM vs SPY

YTD

SPDRSPYM

+13.4%

SPYSPDR

+13.3%

+13.4%Year to date+13.3%

1.0%Yield1.0%

$182BAssets$805B

1–0SPYM wins

End-of-day Nov 5, 2026