ETF comparison
PZA vs SHM
Both US Municipal Bond.
Invesco National AMT-Free Municipal Bond ETF · State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
Holdings overlap
0 positions appear in both funds. Buying equal dollars of PZA and SHM would leave roughly 0.0% 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
SHM is 8 bps cheaper than PZA. On a $100,000 position that's about $80/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 PZA vs SHM.
Top shared holdings
0 shared in totalNo shared holdings between these funds.
Only in PZA
6,664 total- California (State of) Health Facilities Financing Authority (Kaiser Permanente) 0.13%
- New York (State of) Dormitory Authority 0.12%
- 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%
Only in SHM
1,043 total- Southeast Energy Authority A Cooperative District 0.92%
- State of California 0.69%
- New York State Dormitory Authority 0.61%
- State of California 0.52%
- State of California 0.49%
- State of California 0.46%
- City of New York NY 0.44%
- University of California 0.41%
- Triborough Bridge & Tunnel Authority 0.40%
- City of New York NY 0.39%
Related comparisons
More comparisons with PZA
- PZA vs SHY · iShares 1-3 Year Treasury Bond ETF 0.0%
- PZA vs SUB · iShares Short-Term National Muni Bond ETF 0.0%
- PZA vs TIP · iShares TIPS Bond ETF 0.0%
- PZA vs TLT · iShares 20+ Year Treasury Bond ETF 0.0%
- PZA vs VGLT · Vanguard Long-Term Treasury Index Fund ETF Shares 0.0%
- PZA vs VGSH · Vanguard Short-Term Treasury Index Fund ETF Shares 0.0%
More comparisons with SHM
- SHM vs SCHP · Schwab U.S. TIPS ETF 0.0%
- SHM vs SCHZ · Schwab U.S. Aggregate Bond ETF 0.0%
- SHM vs SHY · iShares 1-3 Year Treasury Bond ETF 0.0%
- SHM vs TIP · iShares TIPS Bond ETF 0.0%
- SHM vs TLT · iShares 20+ Year Treasury Bond ETF 0.0%
- SHM vs VGLT · Vanguard Long-Term Treasury Index Fund ETF Shares 0.0%
Percentages are holdings overlap with the named fund.
Open PZA or SHM 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.