ETF comparison
NYF vs PZA
Both US Municipal Bond.
iShares New York Muni Bond ETF · Invesco National AMT-Free Municipal Bond ETF
Holdings overlap
257 positions appear in both funds. Buying equal dollars of NYF and PZA would leave roughly 5.4% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
NYF is 19 bps cheaper than PZA. On a $100,000 position that's about $190/yr more in fees for PZA.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with NYF vs PZA.
Top shared holdings
257 shared in total| # | Holding | In NYF | In PZA | Overlap |
|---|---|---|---|---|
| 1 | New York State Dormitory Authority | 0.38% | 0.11% | 0.11% |
| 2 | Triborough Bridge & Tunnel Authority Sales Tax | 0.24% | 0.08% | 0.08% |
| 3 | New York City Municipal Water Finance Authority | 0.14% | 0.07% | 0.07% |
| 4 | Triborough Bridge & Tunnel Authority | 0.52% | 0.07% | 0.07% |
| 5 | Metropolitan Transportation Authority | 0.14% | 0.07% | 0.07% |
| 6 | Empire State Development Corp. | 0.16% | 0.07% | 0.07% |
| 7 | New York City Transitional Finance Authority Future Tax Secured | 0.11% | 0.07% | 0.07% |
| 8 | Battery Park City Authority | 0.46% | 0.07% | 0.07% |
| 9 | New York City Municipal Water Finance Authority | 0.14% | 0.07% | 0.07% |
| 10 | Metropolitan Transportation Authority | 0.07% | 0.07% | 0.07% |
| 11 | New York State Dormitory Authority | 0.11% | 0.07% | 0.07% |
| 12 | New York City Municipal Water Finance Authority | 0.14% | 0.06% | 0.06% |
Only in NYF
676 total- Battery Park City Authority 0.82%
- New York State Dormitory Authority 0.72%
- Metropolitan Transportation Authority 0.59%
- New York State Dormitory Authority 0.45%
- Port Authority of New York & New Jersey 0.44%
- New York State Dormitory Authority 0.42%
- New York State Dormitory Authority 0.41%
- Utility Debt Securitization Authority 0.39%
- Empire State Development Corp. 0.38%
- New York State Dormitory Authority 0.37%
Only in PZA
6,866 total- California (State of) Health Facilities Financing Authority (Kaiser Permanente) 0.13%
- New York (State of) Dormitory Authority 0.10%
- Jefferson (County of), AL 0.10%
- California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center) 0.10%
- Salt River Project Agricultural Improvement & Power District 0.10%
- Triborough Bridge & Tunnel Authority 0.10%
- Regents of the University of California Medical Center 0.10%
- Charlotte-Mecklenburg Hospital Authority (The) 0.09%
- Ohio (State of) Higher Educational Facility Commission (Cleveland Clinic Health System Obligated Group) 0.09%
- Hillsborough County Industrial Development Authority 0.09%
Related comparisons
More comparisons with NYF
- NYF vs SUB · iShares Short-Term National Muni Bond ETF 3.1%
- NYF vs JMUB · JPMorgan Municipal ETF 1.7%
- NYF vs ITM · VanEck Intermediate Muni ETF 1.6%
- NYF vs CGMU · Capital Group Municipal Income ETF 1.0%
- NYF vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 0.8%
- NYF vs SHM · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF 0.7%
More comparisons with PZA
- PZA vs JMUB · JPMorgan Municipal ETF 3.9%
- PZA vs HYD · VanEck High Yield Muni ETF 3.4%
- PZA vs CGMU · Capital Group Municipal Income ETF 1.6%
- PZA vs ITM · VanEck Intermediate Muni ETF 1.5%
- PZA vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 1.4%
- PZA vs JMST · JPMorgan Ultra-Short Municipal Income ETF 0.2%
Percentages are holdings overlap with the named fund.
Open NYF or PZA at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions
matched on ISIN (CUSIP fallback). Methodology: see
/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.