ETF comparison
JMUB vs PZA
Both US Municipal Bond.
JPMorgan Municipal ETF · Invesco National AMT-Free Municipal Bond ETF
Holdings overlap
205 positions appear in both funds. Buying equal dollars of JMUB and PZA would leave roughly 3.5% 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
JMUB is 10 bps cheaper than PZA. On a $100,000 position that's about $100/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 JMUB vs PZA.
Top shared holdings
205 shared in total| # | Holding | In JMUB | In PZA | Overlap |
|---|---|---|---|---|
| 1 | Colorado Health Facilities Authority | 0.17% | 0.08% | 0.08% |
| 2 | Chicago Transit Authority Sales Tax Receipts Fund | 0.18% | 0.07% | 0.07% |
| 3 | New York City Transitional Finance Authority Future Tax Secured Revenue | 0.12% | 0.06% | 0.06% |
| 4 | Grand Parkway Transportation Corp. | 0.07% | 0.05% | 0.05% |
| 5 | New York City Municipal Water Finance Authority | 0.08% | 0.05% | 0.05% |
| 6 | Hudson Yards Infrastructure Corp. | 0.08% | 0.05% | 0.05% |
| 7 | Colorado Health Facilities Authority | 0.07% | 0.05% | 0.05% |
| 8 | New York City Transitional Finance Authority Future Tax Secured Revenue | 0.09% | 0.05% | 0.05% |
| 9 | Grand Parkway Transportation Corp. | 0.11% | 0.05% | 0.05% |
| 10 | Commonwealth of Massachusetts | 0.18% | 0.05% | 0.05% |
| 11 | New Jersey Transportation Trust Fund Authority | 0.05% | 0.08% | 0.05% |
| 12 | Energy Northwest | 0.05% | 0.04% | 0.04% |
Only in JMUB
1,774 total- Black Belt Energy Gas District 0.77%
- California Community Choice Financing Authority 0.70%
- California Health Facilities Financing Authority 0.67%
- California Community Choice Financing Authority 0.61%
- Buckeye Tobacco Settlement Financing Authority 0.55%
- Connecticut State Health & Educational Facilities Authority 0.52%
- Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue 0.51%
- California Community Choice Financing Authority 0.49%
- County of Utah UT 0.45%
- Long Island Power Authority 0.43%
Only in PZA
6,459 total- California (State of) Health Facilities Financing Authority (Kaiser Permanente) 0.13%
- New York (State of) Dormitory Authority 0.12%
- 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%
- New York State Urban Development Corp. 0.09%
Related comparisons
More comparisons with JMUB
- JMUB vs VTEB · Vanguard Tax-Exempt Bond Index Fund ETF Shares 3.2%
- JMUB vs SCMB · Schwab Municipal Bond ETF 3.2%
- JMUB vs MUB · iShares National Muni Bond ETF 3.0%
- JMUB vs SHM · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF 2.9%
- JMUB vs JMST · JPMorgan Ultra-Short Municipal Income ETF 2.7%
- JMUB vs NYF · iShares New York Muni Bond ETF 1.6%
More comparisons with PZA
- PZA vs HYD · VanEck High Yield Muni ETF 3.1%
- PZA vs ITM · VanEck Intermediate Muni ETF 1.5%
- PZA vs CGMU · Capital Group Municipal Income ETF 1.4%
- PZA vs MUNI · PIMCO Intermediate Municipal Bond Active Exchange-Traded Fund 1.1%
- PZA vs JMST · JPMorgan Ultra-Short Municipal Income ETF 0.0%
- PZA vs AGG · iShares Core U.S. Aggregate Bond ETF 0.0%
Percentages are holdings overlap with the named fund.
Open JMUB 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.