Compare · 2 funds side by side · dividends reinvested

PZA and MMMA

PZAInvesco×MMMANY Life Investments×

Versus in desk

Story of the two · Growth5Y$10,000 five years agoDividends reinvested · both on one scale$9,759PZA · best of the two

02 / 03

PZA and MMMA, Ranked

Today

FundFeeYieldYTD1 year3 yrs · yr5 yrs · yrWorst dropVolatilityAssetsAvg rank

Invesco National AMT-Free Municipal Bond ETFBonds & Cash · Municipal0.28%3.98%−0.9%−0.7%+4.4%−0.5%−9.4%5.1%$4.1B1.1

NYLI MacKay Muni Allocation ETFBonds & Cash · Municipal0.40%3.74%+2.6%[…][…][…][…][…]$59M1.7

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

End-of-day Nov 4, 2026 · returns include dividends · since: PZA 2007 · MMMA 2025

Head to Head

Swap sides Versus in desk

Head to Head

Invesco National AMT-Free Municipal Bond ETF · $4.1B$9,759

PZA

MMMA

NYLI MacKay Muni Allocation ETF · $59M[…]

$10,000 five years ago, dividends reinvested

PZAMeasureMMMA

−0.9%Year to dateJan 1 → Nov 4+2.6%

−0.7%1 yearTotal return[…]

+4.4%3 years · per year$10,000 became $11,369 · […][…]

−0.5%5 years · per year$10,000 became $9,759 · […][…]

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

3.98%Trailing 12-mo yield$398 · $374 a year on $10k3.74%

−9.4%Worst dropSmaller is better[…]

5.1%VolatilityLower is calmer[…]

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

2–1PZA wins

End-of-day Nov 4, 2026 · returns include dividends · 3Y and 5Y figures are per-year returns

More Ways to See the Pairs

PZA vs MMMA: Top 5 Holdings

Today

PZA

[…]in top 5

MMMA

in top 50.2%

PZAStockMMMA

not top 5CASH0.2%

Held in common[…]

End-of-day Nov 4, 2026 · share of each fund

PZA vs MMMA Returns, Every Period

InvescoPZA

−0.7%

past year

MMMANY Life Investments

[…]

past year

PZAMMMAFaded: behind in that period

0–1MMMA wins

End-of-day Nov 4, 2026 · dividends in · faded = behind in that period

PZA vs MMMA

YTD

InvescoPZA

−0.9%

MMMANY Life Investments

+2.6%

−0.9%Year to date+2.6%

−9.4%Worst drop · 1Y[…]

5.1%Volatility · 1Y[…]

4.0%Yield3.7%

$4.1BAssets$59.3M

1–1level

End-of-day Nov 4, 2026 · smaller drop and lower volatility win

Cost, Income and Risk

Fees: PZA, MMMA

Today

0.28%lowest, PZA

FundExpense ratioFee$10k

PZA0.28%$28

MMMA0.40%$40

End-of-day Nov 4, 2026 · fee on $10,000 a year

Yields: PZA, MMMA

3.98%highest, PZA

FundTrailing yieldYield$10k

PZA3.98%$398

MMMA3.74%$374

End-of-day Nov 4, 2026 · trailing 12-month yield

Income After Fees on $10,000

$370most kept, PZA

PZA$398 − $28 = $370

MMMA$374 − $40 = $334

KeptFee

End-of-day Nov 4, 2026 · yield in dollars minus the fee

Overlap: PZA, MMMA

Today

[…]holdings […]

PZAMMMA

PZA—[…]

MMMA[…]—

End-of-day Nov 4, 2026 · share held in common · outlined: the pair in versus

Return vs Bumpiness: 2 ETFs

−0.7%PZA, at 5.1% volatility

PZAWorst drop−9.4%5.1% vol

MMMAWorst drop[…][…]

End-of-day Nov 4, 2026 · up and left is better

Paid More vs Made More

YTD

PZAMMMA

−0.9%Year to date+2.6%

4.0%Yield3.7%

−0.7%Past year[…]

0.28%Fee0.40%

2–1PZA wins

End-of-day Nov 4, 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%

$121BAssets$109B

2–0SCHD wins

End-of-day Nov 4, 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%

$41.8BAssets$46.0B

1–1level

End-of-day Nov 4, 2026

SPYM vs SPY

YTD

SPDRSPYM

+13.4%

SPYSPDR

+13.3%

+13.4%Year to date+13.3%

1.0%Yield1.0%

$185BAssets$798B

1–0SPYM wins

End-of-day Nov 4, 2026