PRIVvsPZAETF Comparison

ETF 1

PRIV

State Street IG Public & Private Credit ETF

This fund is part of

Intl IG Bonds

-0.13%

Full PRIV fund page

ETF 2

PZA

Invesco National AMT-Free Municipal Bond ETF

This fund is part of

Municipal Bonds

+0.2%

Full PZA fund page

State Street IG Public & Private Credit ETF (PRIV) belongs to the Intl IG Bonds segment. Invesco National AMT-Free Municipal Bond ETF (PZA) is part of the Municipal Bonds segment. PRIV's top 3 sector exposures are Sovereign, Industrials and Finance. In contrast, PZA's top sector exposures are Municipal. PRIV is more expensive with a Total Expense Ratio (TER) of 0.55%, versus 0.28% for PZA. PRIV is down -1.03% year-to-date (YTD) with +$749M in YTD flows. PZA performs worse with -4.56% YTD performance, and +$1.06B in YTD flows. Run a side-by-side ETF comparison of PRIV 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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PRIV 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 10/23/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PRIV PZA	+0.76%+1.25%	-0.65%-3.09%	-1.03%-4.56%	-0.88%-4.65%	n/a+9.66%	n/a-6.00%
Flows	PRIV PZA	--$43M	-$12M+$60M	+$749M+$1.06B	+$707M+$952M	-+$2.02B	-+$2.19B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PRIV PZA	+4.42%+7.38%	+3.78%+4.79%	n/a+5.52%	n/a+5.47%
Max drawdown	PRIV PZA	-3.30%-8.18%	-4.56%-9.83%	n/a-9.83%	n/a-18.28%
Max drawdown duration	PRIV PZA	59d71d	236d236d	n/a236d	n/a1754d

Trading data

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	PRIV	PZA
Last sale 10/23/2026 at 1:30 PM	$24.29	$21.80
Previous close 10/22/2026	$24.30	$21.76
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 October 26, 2026

1-year trailing difference

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PRIV

is actively managed and doesn’t replicate an index

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

Main metrics

Last update 10/23/2026 at 1:30 PM

Live

Closed

	PRIV	PZA
Last price	$24.29	$21.80
1D performance	-0.04%	+0.18%
AuM	$807.35 M	$4.12 B
E/R	0.55%	0.28%

Characteristics

	PRIV	PZA
Management strategy	Active	Passive
Provider	State Street Investment Management	Invesco
Benchmark	-	ICE BofA National Long-Term Core Plus Municipal Securities Index
N° of holdings	267	3395
Asset class	-	Fixed Income
Trailing 12m distribution yield	Join	Join
Inception date	February 26, 2025	October 11, 2007
ESG	No	No

More PRIV data on Trackinsight

More PZA data on Trackinsight

Exposure

Countries

PRIV

USA

57.15%

Other

42.85%

PZA

USA

59.27%

Other

40.73%

Sectors

PRIV

Sovereign

15.4%

Industrials

12.73%

Finance

11.97%

Other

59.91%

PZA

Municipal

59.27%

Other

40.73%

Diversification

PRIV

Total weight of top 15 holdings out of 15

36.67%

PZA

Total weight of top 15 holdings out of 15

1.51%

Top 15 holdings

Data as of August 31, 2026

PRIV

USA, Notes 4.625% 15feb2035, USD (B-2035)

5.41%

USA, Bonds 4.75% 15aug2055, USD

4.94%

USA, Bonds 4.625% 15feb2055, USD

4.32%

US31418FJR91

2.79%

FR SD8491, 5% 1dec2054, USD (ABS)

2.55%

US31427QF565

2.55%

US3140XPCP22

2.24%

FN MA5530, 5% 1nov2054, USD (ABS)

2.02%

US00188TAA88

1.91%

FN MA5820, 4.5% 1sep2055, USD (ABS)

1.54%

AT&T Mobility II LLC

1.47%

US31427REK23

1.36%

US8574924663

1.27%

US002941AB88

1.17%

Southern Copper, 5.35% 24jun2036, USD

1.16%

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%

US160853VA29

0.09%

US6133408D38

0.09%

US43233KAE47

0.09%

US67756AH960

0.09%

Frequently asked questions about PRIV and PZA

How have the PRIV and PZA ETFs performed in 2026?

As of October 23, 2026, PRIV is down -1.03% year-to-date (YTD), while PZA has lost -4.56%. That puts PRIV better performer ahead so far this year.

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

Year-to-date, the PRIV ETF saw +$749M in flows, compared to +$1.06B for PZA.

Which ETF is more volatile: PRIV or PZA?

Over the past year, PRIV had a volatility of 3.78%, while PZA experienced 4.79%.

Which ETF is bigger: PRIV or PZA?

As of October 23, 2026, PRIV holds $807.35 M in assets under management (AUM), while PZA manages $4.12 B.

What sectors do the PRIV and PZA ETFs invest in?

PRIV leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, PZA focuses on Municipal.

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

PRIV top holdings include USA, Notes 4.625% 15feb2035, USD (B-2035), USA, Bonds 4.75% 15aug2055, USD and USA, Bonds 4.625% 15feb2055, USD. 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).

PRIVvsPZAETF Comparison

State Street IG Public & Private Credit ETF

Invesco National AMT-Free Municipal Bond ETF

PRIV 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 PRIV and PZA ETFs performed in 2026?

As of October 23, 2026, PRIV is down -1.03% year-to-date (YTD), while PZA has lost -4.56%. That puts PRIV better performer ahead so far this year.

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

Year-to-date, the PRIV ETF saw +$749M in flows, compared to +$1.06B for PZA.

Which ETF is more volatile: PRIV or PZA?

Over the past year, PRIV had a volatility of 3.78%, while PZA experienced 4.79%.

Which ETF is bigger: PRIV or PZA?

As of October 23, 2026, PRIV holds $807.35 M in assets under management (AUM), while PZA manages $4.12 B.

What sectors do the PRIV and PZA ETFs invest in?

PRIV leans toward sectors like Sovereign, Industrials and Finance. Meanwhile, PZA focuses on Municipal.

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

Which ETF is more diversified: PRIV or PZA?

PRIV holds 346 securities with 36.67% of its assets in the top 15. PZA has 7121 securities and a top 15 weight of 1.51%.

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