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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 %

223 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 only 94.4% Shared 5.1% PZA only 91.8%
In NYF only
614 positions
Shared
223 positions
In PZA only
5,843 positions

Side by side

NYF

iShares New York Muni Bond ETF

iShares · US Municipal Bond

86 composite / 100
Expense ratio
0.090%
Net assets
$1.38B
TTM yield
3.11%
Top-10 conc.
5.9%
PZA

Invesco National AMT-Free Municipal Bond ETF

Invesco · US Municipal Bond

83 composite / 100
Expense ratio
0.28%
Net assets
$4.29B
TTM yield
3.67%
Top-10 conc.
1.2%

Sub-score comparison

91
Cost
72
93
Tax efficiency
93
63
Liquidity
84
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

223 shared in total
# Holding In NYF In PZA Overlap
1 New York State Dormitory Authority 0.38% 0.15% 0.15%
2 Monroe County Industrial Development Corp. 0.10% 0.11% 0.10%
3 New York City Municipal Water Finance Authority 0.09% 0.09% 0.09%
4 Triborough Bridge & Tunnel Authority Sales Tax 0.30% 0.09% 0.09%
5 New York City Municipal Water Finance Authority 0.17% 0.08% 0.08%
6 Metropolitan Transportation Authority 0.08% 0.11% 0.08%
7 Battery Park City Authority 0.12% 0.08% 0.08%
8 Metropolitan Transportation Authority 0.17% 0.08% 0.08%
9 New York City Transitional Finance Authority Future Tax Secured 0.13% 0.08% 0.08%
10 Hudson Yards Infrastructure Corp. 0.39% 0.08% 0.08%
11 New York State Thruway Authority 0.13% 0.07% 0.07%
12 New York City Municipal Water Finance Authority 0.34% 0.07% 0.07%

Only in NYF

614 total
  • Battery Park City Authority 0.86%
  • Metropolitan Transportation Authority 0.72%
  • New York State Dormitory Authority 0.58%
  • Metropolitan Transportation Authority 0.52%
  • New York State Dormitory Authority 0.51%
  • Empire State Development Corp. 0.46%
  • New York City Municipal Water Finance Authority 0.44%
  • New York City Transitional Finance Authority Future Tax Secured Revenue 0.43%
  • Triborough Bridge & Tunnel Authority 0.43%
  • New York Power Authority 0.42%

Only in PZA

5,843 total
  • California (State of) Health Facilities Financing Authority (Kaiser Permanente) 0.14%
  • Texas Water Development Board 0.13%
  • University of California 0.12%
  • Dallas (City of), TX Independent School District 0.12%
  • New York (State of) Dormitory Authority 0.12%
  • Salt River Project Agricultural Improvement & Power District 0.11%
  • California (State of) 0.11%
  • New York (City of), NY Municipal Water Finance Authority 0.11%
  • Regents of the University of California Medical Center 0.11%
  • Texas Transportation Finance Corp. 0.11%

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.