ETF comparison
PZA vs SUB
Both US Municipal Bond.
Invesco National AMT-Free Municipal Bond ETF · iShares Short-Term National Muni Bond ETF
Holdings overlap
1 positions appear in both funds. Buying equal dollars of PZA and SUB would leave roughly 0.0% 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
SUB is 21 bps cheaper than PZA. On a $100,000 position that's about $210/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 PZA vs SUB.
Top shared holdings
1 shared in total| # | Holding | In PZA | In SUB | Overlap |
|---|---|---|---|---|
| 1 | District of Columbia Water & Sewer Authority | 0.02% | 0.05% | 0.02% |
Only in PZA
7,122 total- California (State of) Health Facilities Financing Authority (Kaiser Permanente) 0.13%
- New York (State of) Dormitory Authority 0.11%
- 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%
Only in SUB
2,975 total- New Jersey Economic Development Authority 0.35%
- New York City Transitional Finance Authority Future Tax Secured 0.33%
- State of California 0.28%
- New York City Municipal Water Finance Authority 0.27%
- State of California 0.26%
- Triborough Bridge & Tunnel Authority 0.25%
- Empire State Development Corp. 0.24%
- University of California 0.24%
- New Jersey Turnpike Authority 0.24%
- State of California 0.23%
Related comparisons
More comparisons with PZA
- PZA vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- PZA vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- PZA vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
- PZA vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
- PZA vs GOVT · iShares U.S. Treasury Bond ETF 0.0%
- PZA vs SCHP · Schwab U.S. TIPS ETF 0.0%
More comparisons with SUB
- SUB vs ITM · VanEck Intermediate Muni ETF 0.0%
- SUB vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
- SUB vs BAB · Invesco Taxable Municipal Bond ETF 0.0%
- SUB vs BND · Vanguard Total Bond Market Index Fund ETF Shares 0.0%
- SUB vs BNDX · Vanguard Total International Bond Index Fund ETF Shares 0.0%
- SUB vs GOVT · iShares U.S. Treasury Bond ETF 0.0%
Percentages are holdings overlap with the named fund.
Open PZA or SUB 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.