CZAvsCVMCETF Comparison
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Invesco Zacks Mid-Cap ETF (CZA) belongs to the US Multi-Factor segment. Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is part of the US Mid Cap segment. CZA's top 3 sector exposures are Finance, Healthcare and Industrials. In contrast, CVMC's top sector exposures are Finance, Industrials and Technology. CZA is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.15% for CVMC. CZA is up 12% year-to-date (YTD) with -$65M in YTD flows. CVMC performs better with 18.07% YTD performance, and +$16M in YTD flows. Run a side-by-side ETF comparison of CZA and CVMC below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CZA vs CVMC performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CZA CVMC | +3.28%+1.30% | +0.63%+0.38% | +12.00%+18.07% | +14.03%+18.94% | +60.27%+72.75% | +40.10%n/a |
| Flows | CZA CVMC | -$199K+$4M | -$9M+$15M | -$65M+$16M | -$28M+$25M | -$73M+$61M | -$99M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CZA CVMC | +9.67%+11.68% | +11.92%+14.19% | +14.38%+15.91% | +16.00%n/a |
| Max drawdown | CZA CVMC | -7.73%-7.20% | -9.18%-9.34% | -18.73%-21.43% | -18.73%n/a |
| Max drawdown duration | CZA CVMC | 68d71d | 97d49d | 373d269d | 373dn/a |
Trading data
CZA | CVMC | |
Last sale 10/23/2026 at 1:30 PM | $124.02 | $75.02 |
| Previous close 10/22/2026 | $124.79 | $75.58 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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CZA | CVMC | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
CZA | CVMC | |
|---|---|---|
| Last price | $124.02 | $75.02 |
| 1D performance | -0.62% | -0.74% |
| AuM | $178.59 M | $116.27 M |
| E/R | 0.69% | 0.15% |
Characteristics
CZA | CVMC | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | Morgan Stanley |
| Benchmark | Zacks Mid-Cap Core Index | Calvert US Mid-Cap Core Responsible Index |
| N° of holdings | 100 | 590 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 2, 2007 | February 1, 2023 |
| ESG | No | Yes |
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Exposure
Countries
CZA
USA
86.74%
Other
13.26%
CVMC
USA
96.89%
Other
3.11%
Sectors
CZA
Finance
36.36%
Healthcare
15.55%
Industrials
15.49%
Non-Energy Materi.
8.42%
Other
24.18%
CVMC
Finance
25.18%
Industrials
15.83%
Technology
15.31%
Healthcare
13.94%
Other
29.74%
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Diversification
CZA
Total weight of top 15 holdings out of 15
27.93%
CVMC
Total weight of top 15 holdings out of 15
8.06%
Top 15 holdings
Data as of August 31, 2026
CZA
Becton, Dickinson & Co.
2.43%
Agilent Technologies, Inc.
2.05%
Prudential Financial, Inc.
2.04%
American International Group, Inc.
1.98%
IQVIA Holdings, Inc.
1.94%
Waste Connections, Inc.
1.92%
Sysco Corp.
1.89%
The Hartford Insurance Group, Inc.
1.83%
Venture Global, Inc.
1.80%
Credicorp Ltd.
1.74%
Public Service Enterprise Group, Inc.
1.74%
Royalty Pharma Plc
1.70%
Northern Trust Corp.
1.66%
Arch Capital Group Ltd.
1.64%
Trip.com Group Ltd.
1.59%
CVMC
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
0.78%
Target Corp.
0.62%
Hewlett Packard Enterprise Co.
0.60%
Arthur J. Gallagher & Co.
0.58%
PACCAR, Inc.
0.56%
Equity Residential
0.51%
Moderna, Inc.
0.51%
Dominion Energy, Inc.
0.50%
Realty Income Corp.
0.50%
Nucor Corp.
0.49%
W.W. Grainger, Inc.
0.49%
Autodesk, Inc.
0.49%
Fastenal Co.
0.48%
Becton, Dickinson & Co.
0.48%
Keysight Technologies, Inc.
0.47%
Frequently asked questions about CZA and CVMC
How have the CZA and CVMC ETFs performed in 2026?
As of October 23, 2026, CZA is up 12% year-to-date (YTD), while CVMC has returned 18.07%. That puts CVMC better performer ahead so far this year.
Which ETF is attracting more investor money: CZA or CVMC?
Year-to-date, the CZA ETF saw -$65M in flows, compared to +$16M for CVMC.
Which ETF is more volatile: CZA or CVMC?
Over the past year, CZA had a volatility of 11.92%, while CVMC experienced 14.19%.
Which ETF is bigger: CZA or CVMC?
As of October 23, 2026, CZA holds $178.59 M in assets under management (AUM), while CVMC manages $116.27 M.
What sectors do the CZA and CVMC ETFs invest in?
CZA leans toward sectors like Finance, Healthcare and Industrials. Meanwhile, CVMC focuses on Finance, Industrials and Technology.
What are the top holdings of the CZA ETF and CVMC ETF?
CZA top holdings include Becton, Dickinson & Co., Agilent Technologies, Inc. and Prudential Financial, Inc.. CVMC holds in its top three: Morgan Stanley Instl. Liquidity Funds - Government Portfolio, Target Corp. and Hewlett Packard Enterprise Co..
Which ETF is more diversified: CZA or CVMC?
CZA holds 100 securities with 27.93% of its assets in the top 15. CVMC has 590 securities and a top 15 weight of 8.06%.
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