ETF comparison
HYDvsPZA
Both US Municipal Bond.
VanEck High Yield Muni ETF · Invesco National AMT-Free Municipal Bond ETF
Holdings overlap
155 positions appear in both funds. Buying equal dollars of HYD and PZA would leave roughly3.0%of each dollar exposed to the same underlying securities.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — seewhat we don't scorefor why.
Cost difference
PZA is 4 bps cheaper than HYD. On a $100,000 position that's about $40/yr more in fees for HYD.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open thecost calculator pre-filled with HYD vs PZA.
Top shared holdings
155 shared in total| # | Holding | In HYD | In PZA | Overlap |
|---|---|---|---|---|
| 1 | County of Jefferson AL Sewer Revenue | 0.42% | 0.09% | 0.09% |
| 2 | Metropolitan Washington Airports Authority Dulles Toll Road Revenue | 0.15% | 0.08% | 0.08% |
| 3 | Metropolitan Pier & Exposition Authority | 0.42% | 0.08% | 0.08% |
| 4 | Colorado Health Facilities Authority | 0.17% | 0.08% | 0.08% |
| 5 | County of Miami-Dade FL Water & Sewer System Revenue | 0.07% | 0.07% | 0.07% |
| 6 | Orange County Health Facilities Authority | 0.07% | 0.06% | 0.06% |
| 7 | Central Plains Energy Project | 0.12% | 0.06% | 0.06% |
| 8 | Chicago Board of Education Dedicated Capital Improvement Tax | 0.13% | 0.05% | 0.05% |
| 9 | City of Houston TX Hotel Occupancy Tax & Special Revenue | 0.17% | 0.05% | 0.05% |
| 10 | Massachusetts Development Finance Agency | 0.05% | 0.07% | 0.05% |
| 11 | City of Chicago IL | 0.05% | 0.06% | 0.05% |
| 12 | Metropolitan Pier & Exposition Authority | 0.09% | 0.05% | 0.05% |
Only in HYD
1,756 total- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue0.99%
- Buckeye Tobacco Settlement Financing Authority0.87%
- Tobacco Settlement Financing Corp0.71%
- Chicago Board of Education0.67%
- New York Transportation Development Corp0.66%
- Puerto Rico Sales Tax Financing Corp Sales Tax Revenue0.63%
- Chicago Board of Education0.57%
- Florida Development Finance Corp0.54%
- New York Transportation Development Corp0.51%
- City of Houston TX Airport System Revenue0.49%
Only in PZA
6,509 total- California (State of) Health Facilities Financing Authority (Kaiser Permanente)0.13%
- New York (State of) Dormitory Authority0.12%
- New York (State of) Dormitory Authority0.11%
- Salt River Project Agricultural Improvement & Power District0.10%
- Regents of the University of California Medical Center0.10%
- Regents of the University of California Medical Center0.10%
- Texas Transportation Finance Corp.0.09%
- Triborough Bridge & Tunnel Authority0.09%
- California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)0.09%
- New York State Urban Development Corp.0.09%
Open HYD 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 methodologyand 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.