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ETF comparison

NYF vs PZA

Both US Municipal Bond.

iShares New York Muni Bond ETF · Invesco National AMT-Free Municipal Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
5.1 %

245 positions appear in both funds. Buying equal dollars of NYF and PZA would leave roughly 5.1% of each dollar exposed to the same underlying securities.

NYF unmatched 94.7% Shared 5.1% PZA unmatched 90.7%

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 NYF only
639 positions
Shared
245 positions
In PZA only
6,419 positions

Side by side

NYF

iShares New York Muni Bond ETF

iShares · US Municipal Bond

86 composite / 100
Expense ratio
0.090%
Net assets
$1.52B
TTM yield
3.24%
Top-10 conc.
6.0%
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

91
Cost
72
93
Tax efficiency
93
64
Liquidity
83
100
Concentration
100
—
Tracking quality
—
NYF sub-score PZA

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

245 shared in total
# Holding In NYF In PZA Overlap
1 New York State Dormitory Authority 0.43% 0.12% 0.12%
2 Triborough Bridge & Tunnel Authority Sales Tax 0.28% 0.08% 0.08%
3 Empire State Development Corp. 0.10% 0.08% 0.08%
4 New York City Municipal Water Finance Authority 0.16% 0.08% 0.08%
5 Metropolitan Transportation Authority 0.08% 0.08% 0.08%
6 Battery Park City Authority 0.11% 0.08% 0.08%
7 Metropolitan Transportation Authority 0.15% 0.07% 0.07%
8 Triborough Bridge & Tunnel Authority 0.43% 0.07% 0.07%
9 New York City Transitional Finance Authority Future Tax Secured 0.12% 0.07% 0.07%
10 New York State Dormitory Authority 0.13% 0.07% 0.07%
11 New York City Municipal Water Finance Authority 0.16% 0.07% 0.07%
12 Hudson Yards Infrastructure Corp. 0.35% 0.07% 0.07%

Only in NYF

639 total
  • Battery Park City Authority 0.80%
  • New York City Transitional Finance Authority Future Tax Secured 0.73%
  • Metropolitan Transportation Authority 0.65%
  • Long Island Power Authority 0.58%
  • New York State Dormitory Authority 0.51%
  • New York State Dormitory Authority 0.47%
  • New York State Dormitory Authority 0.47%
  • Empire State Development Corp. 0.43%
  • New York City Municipal Water Finance Authority 0.41%
  • Monroe County Industrial Development Corp. 0.40%

Only in PZA

6,419 total
  • California (State of) Health Facilities Financing Authority (Kaiser Permanente) 0.13%
  • 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%
  • California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center) 0.09%

Related comparisons

More comparisons with NYF

More comparisons with PZA

Percentages are holdings overlap with the named fund.

Open NYF 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.