EVYMvsPZAETF Comparison

ETF 1

EVYM

Eaton Vance High Income Municipal ETF

This fund is part of

Municipal Bonds

-0%

Full EVYM fund page

ETF 2

PZA

Invesco National AMT-Free Municipal Bond ETF

This fund is part of

Municipal Bonds

-0%

Full PZA fund page

Eaton Vance High Income Municipal ETF (EVYM) and Invesco National AMT-Free Municipal Bond ETF (PZA) belong to the same industry segment: Municipal Bonds. EVYM's top 2 sector exposures are Municipal and Non-Corporate. In contrast, PZA's top sector exposures are Municipal. EVYM is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.28% for PZA. EVYM is down -1.19% year-to-date (YTD) with +$12M in YTD flows. PZA performs worse with -5.77% YTD performance, and +$1.06B in YTD flows. Run a side-by-side ETF comparison of EVYM and PZA 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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EVYM vs PZA performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EVYM PZA	-1.30%-0.78%	-4.94%-6.25%	-1.19%-5.77%	-0.30%-5.56%	n/a+6.07%	n/a-7.44%
Flows	EVYM PZA	-$932K-$21M	+$1M+$84M	+$12M+$1.06B	+$17M+$954M	-+$2.07B	-+$2.19B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EVYM PZA	+6.44%+7.30%	+4.00%+4.68%	n/a+5.53%	n/a+5.45%
Max drawdown	EVYM PZA	-7.12%-8.91%	-7.74%-9.83%	n/a-9.83%	n/a-18.28%
Max drawdown duration	EVYM PZA	92d92d	102d229d	n/a229d	n/a1747d

Trading data

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	EVYM	PZA
Last sale 10/19/2026 at 3:55 PM	$47.44	$21.54
Previous close 10/16/2026	$47.53	$21.64
Consolidated volume 10/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 19, 2026

1-year trailing difference

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EVYM

is actively managed and doesn’t replicate an index

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	EVYM	PZA
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 10/19/2026 at 3:55 PM

Live

Closed

	EVYM	PZA
Last price	$47.44	$21.54
1D performance	-0.20%	-0.49%
AuM	$55.07 M	$4.08 B
E/R	0.4%	0.28%

Characteristics

	EVYM	PZA
Management strategy	Active	Passive
Provider	Eaton Vance	Invesco
Benchmark	-	ICE BofA National Long-Term Core Plus Municipal Securities Index
N° of holdings	72	3395
Asset class	-	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	February 25, 2025	October 11, 2007
ESG	No	No

More EVYM data on Trackinsight

More PZA data on Trackinsight

Exposure

Countries

EVYM

USA

64.2%

Other

35.8%

PZA

USA

59.27%

Other

40.73%

Sectors

EVYM

Municipal

64.02%

Other

35.98%

PZA

Municipal

59.27%

Other

40.73%

Diversification

EVYM

Total weight of top 15 holdings out of 15

25.21%

PZA

Total weight of top 15 holdings out of 15

1.51%

Top 15 holdings

Data as of August 31, 2026

EVYM

Mobile Industrial Development Authority, 4.75% 1dec2054, USD (2024B)

2.37%

New York Transportation Development Corp., 6% 30jun2059, USD (2025)

1.79%

FW Texas Street Public Facility Corporation, 5% 1may2038, USD (2025)

1.78%

US939783Z415

1.77%

Vail Home Partners Corp., 6% 1oct2064, USD (2025)

1.75%

Atlanta Development Authority, 5.5% 1apr2039, USD (2024A-2)

1.73%

Louisiana Public Facilities Authority, 5.5% 1sep2059, USD (2024)

1.73%

California Municipal Finance Authority, 6% 1nov2043, USD (2025B)

1.71%

Lakewood Ranch Stewardship District, 5.125% 1may2046, USD (2016)

1.70%

California Municipal Finance Authority, 5% 31dec2047, USD (2018A)

1.69%

Washington Housing Finance Commission, 4.5% 1jul2055, USD (2025)

1.53%

US51946PCK84

1.50%

Chicago Board of Education, 5.75% 1dec2050, USD (2025A)

1.44%

New Hope Cultural Education Facilities Finance Corp., 5.5% 1oct2035, USD (2025A)

1.38%

New York Transportation Development Corp., 6% 30jun2055, USD (2025)

1.35%

PZA

California Health Facilities Financing Authority, 4% 1nov2044, USD

0.13%

New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)

0.12%

New York Dormitory Authority, 4% 15feb2047, USD (2019D)

0.10%

County of Jefferson (AL), 5.5% 1oct2053, USD (2024)

0.10%

California Health Facilities Financing Authority, 4% 15aug2048, USD (2021A)

0.10%

Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2055, USD (2025)

0.10%

Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)

0.10%

University of California Medical Center, 5% 15may2047, USD (2022)

0.10%

County of Jefferson (AL), 5.25% 1oct2049, USD (2024)

0.10%

Orange Health Facilities Authority, 5.25% 1oct2056, USD (2025A)

0.09%

US818200VF19

0.09%

US6133408D38

0.09%

US67756AH960

0.09%

US160853VA29

0.09%

US43233KAE47

0.09%

Frequently asked questions about EVYM and PZA

How have the EVYM and PZA ETFs performed in 2026?

As of October 16, 2026, EVYM is down -1.19% year-to-date (YTD), while PZA has lost -5.77%. That puts EVYM better performer ahead so far this year.

Which ETF is attracting more investor money: EVYM or PZA?

Year-to-date, the EVYM ETF saw +$12M in flows, compared to +$1.06B for PZA.

Which ETF is more volatile: EVYM or PZA?

Over the past year, EVYM had a volatility of 4%, while PZA experienced 4.68%.

Which ETF is bigger: EVYM or PZA?

As of October 16, 2026, EVYM holds $55.07 M in assets under management (AUM), while PZA manages $4.08 B.

What sectors do the EVYM and PZA ETFs invest in?

EVYM leans toward sectors like Municipal. Meanwhile, PZA focuses on Municipal.

What are the top holdings of the EVYM ETF and PZA ETF?

EVYM top holdings include Mobile Industrial Development Authority, 4.75% 1dec2054, USD (2024B), New York Transportation Development Corp., 6% 30jun2059, USD (2025) and FW Texas Street Public Facility Corporation, 5% 1may2038, USD (2025). PZA holds in its top three: California Health Facilities Financing Authority, 4% 1nov2044, USD, New York Dormitory Authority, 5.5% 1jul2054, USD (2024A) and New York Dormitory Authority, 4% 15feb2047, USD (2019D).

EVYMvsPZAETF Comparison

Eaton Vance High Income Municipal ETF

Invesco National AMT-Free Municipal Bond ETF

EVYM vs PZA performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the EVYM and PZA ETFs performed in 2026?

As of October 16, 2026, EVYM is down -1.19% year-to-date (YTD), while PZA has lost -5.77%. That puts EVYM better performer ahead so far this year.

Which ETF is attracting more investor money: EVYM or PZA?

Year-to-date, the EVYM ETF saw +$12M in flows, compared to +$1.06B for PZA.

Which ETF is more volatile: EVYM or PZA?

Over the past year, EVYM had a volatility of 4%, while PZA experienced 4.68%.

Which ETF is bigger: EVYM or PZA?

As of October 16, 2026, EVYM holds $55.07 M in assets under management (AUM), while PZA manages $4.08 B.

What sectors do the EVYM and PZA ETFs invest in?

EVYM leans toward sectors like Municipal. Meanwhile, PZA focuses on Municipal.

What are the top holdings of the EVYM ETF and PZA ETF?

Which ETF is more diversified: EVYM or PZA?

EVYM holds 125 securities with 25.21% of its assets in the top 15. PZA has 7121 securities and a top 15 weight of 1.51%.

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