ETF comparison
PZAvsSCMB
Both US Municipal Bond.
Invesco National AMT-Free Municipal Bond ETF · Schwab Municipal Bond ETF
Holdings overlap
2,372 positions appear in both funds. Buying equal dollars of PZA and SCMB would leave roughly24.8%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
SCMB is 25 bps cheaper than PZA. On a $100,000 position that's about $250/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 thecost calculator pre-filled with PZA vs SCMB.
Top shared holdings
2,372 shared in total| # | Holding | In PZA | In SCMB | Overlap |
|---|---|---|---|---|
| 1 | New York (State of) Dormitory Authority | 0.12% | 0.08% | 0.08% |
| 2 | New Jersey Transportation Trust Fund Authority | 0.09% | 0.08% | 0.08% |
| 3 | Jefferson (County of), AL | 0.09% | 0.08% | 0.08% |
| 4 | Salt River Project Agricultural Improvement & Power District | 0.07% | 0.13% | 0.07% |
| 5 | Salt River Project Agricultural Improvement & Power District | 0.10% | 0.07% | 0.07% |
| 6 | Triborough Bridge & Tunnel Authority (Green Bonds) | 0.07% | 0.09% | 0.07% |
| 7 | New York (City of), NY Transitional Finance Authority | 0.07% | 0.07% | 0.07% |
| 8 | Texas Water Development Board | 0.07% | 0.08% | 0.07% |
| 9 | Chicago (City of), IL Transit Authority | 0.07% | 0.14% | 0.07% |
| 10 | Oklahoma (State of) Turnpike Authority (Senior Bonds) | 0.07% | 0.08% | 0.07% |
| 11 | New York City Municipal Water Finance Authority | 0.08% | 0.06% | 0.06% |
| 12 | Massachusetts (Commonwealth of) | 0.06% | 0.14% | 0.06% |
Only in PZA
4,292 total- California (State of) Health Facilities Financing Authority (Kaiser Permanente)0.13%
- Regents of the University of California Medical Center0.10%
- Regents of the University of California Medical Center0.10%
- Orange (County of), FL Health Facilities Authority (Orlando Health Obligated Group)0.10%
- California (State of) Health Facilities Financing Authority (Cedars-Sinai Medical Center)0.09%
- Lower Alabama Gas District (The)0.09%
- Colorado (State of) Health Facilities Authority (CommonSpirit Health)0.08%
- Northwest Independent School District0.08%
- Hays Consolidated Independent School District0.08%
- New Jersey (State of) Economic Development Authority (Portal North Bridge)0.08%
Only in SCMB
4,473 total- Commonwealth of Massachusetts0.22%
- Gwinnett County School District0.22%
- Commonwealth of Pennsylvania0.21%
- City of New York NY0.20%
- State of California Department of Water Resources0.19%
- State of Washington0.17%
- New York City Municipal Water Finance Authority0.17%
- Indiana Finance Authority0.15%
- City of New York NY0.15%
- Louisville and Jefferson County Metropolitan Sewer District0.15%
Open PZA or SCMB 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.