IBDSvsPWZETF Comparison
VS
iShares iBonds Dec 2027 Term Corporate ETF (IBDS) belongs to the US Corporate IG Bonds segment. Invesco California AMT-Free Municipal Bond ETF (PWZ) is part of the Municipal Bonds segment. IBDS's top 3 sector exposures are Finance, Technology and Utilities. In contrast, PWZ's top sector exposures are Municipal. IBDS is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.28% for PWZ. IBDS is up 2.22% year-to-date (YTD) with +$378M in YTD flows. PWZ performs worse with -4.7% YTD performance, and +$161M in YTD flows. Run a side-by-side ETF comparison of IBDS and PWZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
IBDS vs PWZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IBDS PWZ | +0.13%-4.02% | +0.75%-5.36% | +2.22%-4.70% | +3.43%-2.90% | +18.12%+3.58% | +7.54%-6.51% |
| Flows | IBDS PWZ | +$25M+$51M | +$110M+$112M | +$378M+$161M | +$595M+$143M | +$2.38B+$558M | +$3.43B+$796M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IBDS PWZ | +0.47%+4.46% | +0.65%+3.57% | +2.12%+5.22% | +3.74%+5.07% |
| Max drawdown | IBDS PWZ | -0.06%-6.26% | -0.38%-6.26% | -1.42%-8.29% | -14.63%-17.07% |
| Max drawdown duration | IBDS PWZ | 7d72d | 37d72d | 45d394d | 1247d1717d |
Trading data
IBDS | PWZ | |
Last sale 9/17/2026 at 1:58 PM | $24.13 | $23.05 |
| Previous close 09/16/2026 | $24.12 | $22.93 |
| Consolidated volume 09/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
IBDS | PWZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/17/2026 at 1:58 PM
Live
Closed
IBDS | PWZ | |
|---|---|---|
| Last price | $24.13 | $23.05 |
| 1D performance | +0.04% | +0.52% |
| AuM | $3.91 B | $1.19 B |
| E/R | 0.1% | 0.28% |
Characteristics
IBDS | PWZ | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Invesco |
| Benchmark | Bloomberg December 2027 Maturity Corporate Index | ICE BofA California Long-Term Core Plus Municipal Securities Index |
| N° of holdings | 659 | 677 |
| Asset class | Fixed Income | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2017 | October 11, 2007 |
| ESG | No | No |
Advertisement
Exposure
Countries
IBDS
USA
84.24%
Other
15.76%
PWZ
USA
69.86%
Other
30.14%
Sectors
IBDS
Finance
37.32%
Technology
10%
Utilities
8.1%
Industrials
7.6%
Healthcare
7.53%
Consumer Non-Cycl.
7.19%
Other
22.26%
PWZ
Municipal
69.86%
Other
30.14%
Diversification
IBDS
Total weight of top 15 holdings out of 15
9.31%
PWZ
Total weight of top 15 holdings out of 15
7.32%
Top 15 holdings
Data as of July 31, 2026
IBDS
BlackRock Cash Funds - Treasury
1.67%
Microsoft, 3.3% 6feb2027, USD
0.74%
T-Mobile USA, 3.75% 15apr2027, USD
0.74%
Citigroup, 4.45% 29sep2027, USD (G)
0.73%
Amazon.com, 3.15% 22aug2027, USD
0.64%
Morgan Stanley, 3.625% 20jan2027, USD (I)
0.55%
Goldman Sachs, 3.85% 26jan2027, USD (D)
0.55%
Oracle, 3.25% 15nov2027, USD
0.50%
Meta Platforms, 3.5% 15aug2027, USD
0.49%
Wells Fargo, 4.3% 22jul2027, USD (O)
0.47%
AT&T Inc, 2.3% 1jun2027, USD
0.47%
Alibaba, 3.4% 6dec2027, USD
0.45%
Bank of America Corporation, 3.248% 21oct2027, USD (L)
0.45%
Citibank N.A., 4.576% 29may2027, USD
0.43%
British American Tobacco, 3.557% 15aug2027, USD
0.42%
PWZ
California Health Facilities Financing Authority, 4% 1nov2044, USD
0.74%
California Health Facilities Financing Authority, 4% 15aug2048, USD (2021A)
0.65%
University of California Medical Center, 5% 15may2047, USD (2022)
0.62%
California Educational Facilities Authority, 5% 1oct2055, USD (2025A)
0.58%
University of California Medical Center, 4% 15may2053, USD
0.55%
California Educational Facilities Authority, 5% 1may2049, USD
0.54%
Los Angeles Unified School District, 4% 1jul2044, USD
0.48%
San Diego Community College District, 5% 1aug2055, USD (2024)
0.43%
Foothill/Eastern Transportation Corridor Agency, 4% 15jan2046, USD (2021A)
0.42%
University of California, 5% 15may2052, USD (2022)
0.40%
San Francisco Public Utilities Commission, 5% 1oct2054, USD (2024)
0.40%
California Educational Facilities Authority, 5% 1may2045, USD
0.39%
San Francisco Public Utilities Commission, 5% 1nov2055, USD (2025)
0.38%
University of California, 5% 15may2053, USD (2025)
0.38%
California Public Works Board, 5% 1apr2049, USD (2024)
0.38%
Frequently asked questions about IBDS and PWZ
How have the IBDS and PWZ ETFs performed in 2026?
As of September 16, 2026, IBDS is up 2.22% year-to-date (YTD), while PWZ has lost -4.7%. That puts IBDS better performer ahead so far this year.
Which ETF is attracting more investor money: IBDS or PWZ?
Year-to-date, the IBDS ETF saw +$378M in flows, compared to +$161M for PWZ.
Which ETF is more volatile: IBDS or PWZ?
Over the past year, IBDS had a volatility of 0.65%, while PWZ experienced 3.57%.
Which ETF is bigger: IBDS or PWZ?
As of September 16, 2026, IBDS holds $3.91 B in assets under management (AUM), while PWZ manages $1.19 B.
What sectors do the IBDS and PWZ ETFs invest in?
IBDS leans toward sectors like Finance, Technology and Utilities. Meanwhile, PWZ focuses on Municipal.
What are the top holdings of the IBDS ETF and PWZ ETF?
IBDS top holdings include BlackRock Cash Funds - Treasury, Microsoft, 3.3% 6feb2027, USD and T-Mobile USA, 3.75% 15apr2027, USD. PWZ holds in its top three: California Health Facilities Financing Authority, 4% 1nov2044, USD, California Health Facilities Financing Authority, 4% 15aug2048, USD (2021A) and University of California Medical Center, 5% 15may2047, USD (2022).
Which ETF is more diversified: IBDS or PWZ?
IBDS holds 660 securities with 9.31% of its assets in the top 15. PWZ has 1206 securities and a top 15 weight of 7.32%.
Advertisement
Advertisement
