Skip to main content
PlainIndex
Menu

ETF comparison

BNDX vs PZA

International Bond vs US Municipal Bond.

Vanguard Total International Bond Index Fund ETF Shares · Invesco National AMT-Free Municipal Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.0 %

0 positions appear in both funds. Buying equal dollars of BNDX and PZA would leave roughly 0.0% of each dollar exposed to the same underlying securities.

BNDX unmatched 98.0% Shared 0.0% PZA unmatched 95.8%

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.

In BNDX only
6,818 positions
Shared
0 positions
In PZA only
6,664 positions

Side by side

BNDX

Vanguard Total International Bond Index Fund ETF Shares

Vanguard · International Bond

87 composite / 100
Expense ratio
0.070%
Net assets
$121.63B
whole fund, 5 share classes
TTM yield
4.65%
Top-10 conc.
3.5%
PZA

Invesco National AMT-Free Municipal Bond ETF

Invesco · US Municipal Bond

83 composite / 100
Expense ratio
0.28%
Net assets
$4.02B
TTM yield
4.06%
Top-10 conc.
1.0%

Sub-score comparison

93
Cost
72
51
Tax efficiency
93
100
Liquidity
83
100
Concentration
100
—
Tracking quality
—
BNDX sub-score PZA

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

BNDX 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 BNDX vs PZA.

Top shared holdings

0 shared in total

No shared holdings between these funds.

Only in BNDX

6,818 total
  • United Kingdom Gilt 0.41%
  • French Republic Government Bond OAT 0.37%
  • French Republic Government Bond OAT 0.36%
  • United Kingdom Gilt 0.36%
  • United Kingdom Gilt 0.35%
  • United Kingdom Gilt 0.34%
  • French Republic Government Bond OAT 0.33%
  • French Republic Government Bond OAT 0.33%
  • Bundesrepublik Deutschland Bundesanleihe 0.30%
  • United Kingdom Gilt 0.30%

Only in PZA

6,664 total
  • California (State of) Health Facilities Financing Authority (Kaiser Permanente) 0.13%
  • New York (State of) Dormitory Authority 0.12%
  • New York (State of) Dormitory Authority 0.11%
  • Salt River Project Agricultural Improvement & Power District 0.10%
  • Texas Water Development Board 0.10%
  • Regents of the University of California Medical Center 0.10%
  • Regents of the University of California Medical Center 0.10%
  • Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group) 0.10%
  • Texas Transportation Finance Corp. 0.09%
  • Triborough Bridge & Tunnel Authority 0.09%

Related comparisons

More comparisons with BNDX

More comparisons with PZA

Percentages are holdings overlap with the named fund.

Open BNDX or PZA at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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.