CZAvsDONETF Comparison
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Invesco Zacks Mid-Cap ETF (CZA) belongs to the US Multi-Factor segment. WisdomTree U.S. MidCap Dividend Fund (DON) is part of the US High Dividend segment. CZA's top 3 sector exposures are Finance, Industrials and Healthcare. In contrast, DON's top sector exposures are Finance, Industrials and Non-Energy Materials. CZA is more expensive with a Total Expense Ratio (TER) of 0.69%, versus 0.38% for DON. CZA is up 12.38% year-to-date (YTD) with -$56M in YTD flows. DON performs better with 12.72% YTD performance, and -$82M in YTD flows. Run a side-by-side ETF comparison of CZA and DON 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 DON performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CZA DON | +2.96%+2.62% | +7.17%+5.05% | +12.38%+12.72% | +16.42%+14.60% | +41.17%+41.43% | +45.36%+56.68% |
| Flows | CZA DON | -$1M-$3M | -$9M-$17M | -$56M-$82M | -$23M-$163M | -$74M-$383M | -$97M-$136M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CZA DON | +10.79%+11.15% | +12.62%+12.84% | +14.60%+15.82% | +16.04%+17.50% |
| Max drawdown | CZA DON | -2.82%-2.70% | -9.18%-9.08% | -18.73%-21.43% | -18.73%-21.43% |
| Max drawdown duration | CZA DON | 28d16d | 97d119d | 373d415d | 373d415d |
Trading data
CZA | DON | |
Last sale 7/24/2026 at 1:30 PM | $124.47 | $57.55 |
| Previous close 07/23/2026 | $123.12 | $56.97 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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CZA | DON | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
CZA | DON | |
|---|---|---|
| Last price | $124.47 | $57.55 |
| 1D performance | +1.10% | +1.02% |
| AuM | $187.90 M | $4.03 B |
| E/R | 0.69% | 0.38% |
Characteristics
CZA | DON | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Invesco | WisdomTree |
| Benchmark | Zacks Mid-Cap Core Index | WisdomTree US MidCap Dividend Index |
| N° of holdings | 101 | 596 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 2, 2007 | June 16, 2006 |
| ESG | No | No |
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Exposure
Countries
CZA
USA
84.13%
Other
15.87%
DON
USA
98.96%
Other
1.04%
Sectors
CZA
Finance
36.42%
Industrials
14.86%
Healthcare
13.46%
Utilities
10.55%
Consumer Services
8.21%
Technology
7.17%
Other
9.33%
DON
Finance
33.31%
Industrials
14.66%
Non-Energy Materi.
10.89%
Energy
7.84%
Other
33.29%
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Diversification
CZA
Total weight of top 15 holdings out of 15
28.47%
DON
Total weight of top 15 holdings out of 15
15.05%
Top 15 holdings
Data as of June 30, 2026
CZA
Flex Ltd.
2.47%
State Street Corp.
2.19%
Humana, Inc.
2.15%
Viking Holdings Ltd. (Bermuda)
2.10%
Public Service Enterprise Group, Inc.
1.98%
American International Group, Inc.
1.95%
Sysco Corp.
1.88%
PG&E Corp.
1.83%
Agilent Technologies, Inc.
1.81%
Prudential Financial, Inc.
1.77%
The Hartford Insurance Group, Inc.
1.74%
Huntington Bancshares, Inc.
1.70%
Roper Technologies, Inc.
1.69%
Arch Capital Group Ltd.
1.64%
Centene Corp.
1.59%
DON
Franklin Resources, Inc.
1.39%
Viatris, Inc.
1.30%
Best Buy Co., Inc.
1.29%
Stanley Black & Decker, Inc.
1.06%
APA Corp.
0.98%
Antero Midstream Corp.
0.95%
Hasbro, Inc.
0.95%
American Financial Group, Inc.
0.94%
Snap-On, Inc.
0.93%
Permian Resources Corp.
0.91%
OGE Energy Corp.
0.89%
Omnicom Group, Inc.
0.89%
W.P. Carey, Inc.
0.86%
The Clorox Co.
0.86%
Pinnacle West Capital Corp.
0.85%
Frequently asked questions about CZA and DON
How have the CZA and DON ETFs performed in 2026?
As of July 24, 2026, CZA is up 12.38% year-to-date (YTD), while DON has returned 12.72%. That puts DON better performer ahead so far this year.
Which ETF is attracting more investor money: CZA or DON?
Year-to-date, the CZA ETF saw -$56M in flows, compared to -$82M for DON.
Which ETF is more volatile: CZA or DON?
Over the past year, CZA had a volatility of 12.62%, while DON experienced 12.84%.
Which ETF is bigger: CZA or DON?
As of July 24, 2026, CZA holds $187.90 M in assets under management (AUM), while DON manages $4.03 B.
What sectors do the CZA and DON ETFs invest in?
CZA leans toward sectors like Finance, Industrials and Healthcare. Meanwhile, DON focuses on Finance, Industrials and Non-Energy Materials.
What are the top holdings of the CZA ETF and DON ETF?
CZA top holdings include Flex Ltd., State Street Corp. and Humana, Inc.. DON holds in its top three: Franklin Resources, Inc., Viatris, Inc. and Best Buy Co., Inc..
Which ETF is more diversified: CZA or DON?
CZA holds 101 securities with 28.47% of its assets in the top 15. DON has 601 securities and a top 15 weight of 15.05%.
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Latest news about CZA & DON
Dividend Growth, High Yield, & Dividend Quality ETFs: What's the Difference?
October 20, 2023
DON
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