Compare · 2 funds side by side · dividends reinvested

PWZ and VTEB

PWZInvesco×VTEBVanguard×

Versus in desk

Story of the two · Growth5Y$10,000 five years agoDividends reinvested · both on one scale$10,418VTEB · best of the two

02 / 04

PWZ and VTEB, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

Vanguard Tax-Exempt Bond ETFBonds & Cash · Municipal0.03%3.46%+0.6%+0.9%+4.7%+0.8%−6.6%3.7%$49.6B1.1

Invesco California AMT-Free Municipal Bond ETFBonds & Cash · Municipal0.28%3.94%−0.4%−0.2%+4.6%−0.3%−9.1%5.0%$1.2B1.9

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 · VTEB 2015

Head to Head

Swap sides Versus in desk

Head to Head

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

PWZ

VTEB

Vanguard Tax-Exempt Bond ETF · $49.6B$10,418

$10,000 five years ago, dividends reinvested

PWZMeasureVTEB

−0.4%Year to dateJan 1 → Nov 5+0.6%

−0.2%1 yearTotal return+0.9%

+4.6%3 years · per year$10,000 became $11,449 · $11,462+4.7%

−0.3%5 years · per year$10,000 became $9,856 · $10,418+0.8%

0.28%Expense ratio$28 · $3 a year on $10k · lower is better0.03%

3.94%Trailing 12-mo yield$394 · $346 a year on $10k3.46%

−9.1%Worst dropSmaller is better−6.6%

5.0%VolatilityLower is calmer3.7%

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

1–7VTEB 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 VTEB: Top 5 Holdings

Today

PWZ

[…]in top 5

VTEB

in top 5[…]

Holdings […] not in today’s data

Held in common[…]

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

PWZ vs VTEB Returns, Every Period

InvescoPWZ

−0.3%

5 years, per year

VTEBVanguard

+0.8%

5 years, per year

PWZVTEBFaded: behind in that period

0–4VTEB wins

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

PWZ vs VTEB

YTD

InvescoPWZ

−0.4%

VTEBVanguard

+0.6%

−0.4%Year to date+0.6%

−9.1%Worst drop · 1Y−6.6%

5.0%Volatility · 1Y3.7%

3.9%Yield3.5%

$1.2BAssets$49.6B

3–1VTEB wins

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

Cost, Income and Risk

Fees: PWZ, VTEB

Today

0.03%lowest, VTEB

FundExpense ratioFee$10k

VTEB0.03%$3

PWZ0.28%$28

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

Yields: PWZ, VTEB

3.94%highest, PWZ

FundTrailing yieldYield$10k

PWZ3.94%$394

VTEB3.46%$346

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

Income After Fees on $10,000

$366most kept, PWZ

PWZ$394 − $28 = $366

VTEB$346 − $3 = $343

KeptFee

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

Overlap: PWZ, VTEB

Today

[…]holdings […]

PWZVTEB

PWZ—[…]

VTEB[…]—

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

Return vs Bumpiness: 2 ETFs

+0.9%VTEB, at 3.7% volatility

VTEBWorst drop−6.6%3.7% vol

PWZWorst drop−9.1%5.0% vol

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

Paid More vs Made More

YTD

PWZVTEB

−0.4%Year to date+0.6%

3.9%Yield3.5%

−0.2%Past year+0.9%

0.28%Fee0.03%

3–1VTEB wins

End-of-day Nov 5, 2026

Popular Pairs Near These Two

SCHD vs VIG

YTD

SchwabSCHD

+32.3%

VIGVanguard

+12.5%

+32.3%Year to date+12.5%

3.0%Yield1.5%

$123BAssets$109B

2–0SCHD wins

End-of-day Nov 5, 2026

JEPQ vs JEPI

YTD

J.P. MorganJEPQ

+8.5%

JEPIJ.P. Morgan

+5.2%

+8.5%Year to date+5.2%

12.2%Yield8.1%

$42.1BAssets$46.1B

2–0JEPQ wins

End-of-day Nov 5, 2026

SPYM vs SPY

YTD

SPDRSPYM

+8.4%

SPYSPDR

+8.3%

+8.4%Year to date+8.3%

1.1%Yield1.0%

$182BAssets$805B

2–0SPYM wins

End-of-day Nov 5, 2026