PRIVvsPZAETF Comparison

ETF 1

PRIV

State Street IG Public & Private Credit ETF

This fund is part of

Intl IG Bonds

-0.07%

Full PRIV fund page

ETF 2

PZA

Invesco National AMT-Free Municipal Bond ETF

This fund is part of

Municipal Bonds

-0.01%

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 -0.22% year-to-date (YTD) with +$749M in YTD flows. PZA performs worse with -3.08% YTD performance, and +$1.07B 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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Data Services

Historic performance and flows

Data as of 09/08/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	PRIV PZA	-0.06%-2.55%	-0.19%-3.55%	-0.22%-3.08%	+0.88%+0.36%	n/a+5.76%	n/a-5.70%
Flows	PRIV PZA	-$12M+$62M	-$16M+$213M	+$749M+$1.07B	+$707M+$1.23B	-+$2.05B	-+$2.25B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	PRIV PZA	+3.64%+3.85%	+3.46%+3.54%	n/a+5.37%	n/a+5.26%
Max drawdown	PRIV PZA	-1.59%-4.55%	-2.61%-4.56%	n/a-8.59%	n/a-18.28%
Max drawdown duration	PRIV PZA	71d64d	191d191d	n/a432d	n/a1709d

Trading data

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	PRIV	PZA
Last sale 9/9/2026 at 1:30 PM	$24.63	$22.25
Previous close 09/08/2026	$24.65	$22.43
Consolidated volume 09/08/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 10, 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 9/9/2026 at 1:30 PM

Live

Closed

	PRIV	PZA
Last price	$24.63	$22.25
1D performance	-0.10%	-0.80%
AuM	$817.19 M	$4.22 B
E/R	0.55%	0.28%

Characteristics

	PRIV	PZA
Management strategy	Active	Passive
Provider	State Street Investment Management	Invesco
Benchmark	-	ICE BofAML National Long-Term Core Plus Municipal Securities Index
N° of holdings	268	3400
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

57.9%

Other

42.1%

PZA

USA

59.95%

Other

40.05%

Sectors

PRIV

Sovereign

15.72%

Industrials

13.35%

Finance

12.41%

Other

58.52%

PZA

Municipal

59.95%

Other

40.05%

Diversification

PRIV

Total weight of top 15 holdings out of 15

38.2%

PZA

Total weight of top 15 holdings out of 15

1.49%

Top 15 holdings

Data as of July 31, 2026

PRIV

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

5.86%

USA, Bonds 4.75% 15aug2055, USD

4.88%

USA, Bonds 4.625% 15feb2055, USD

4.27%

US31418FJR91

2.76%

US31427QF565

2.54%

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

2.53%

US3140XPCP22

2.24%

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

2.18%

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

2.01%

US8574924663

1.96%

US00188TAA88

1.85%

AT&T Mobility II LLC

1.44%

US31427REK23

1.34%

Southern Copper, 5.35% 24jun2036, USD

1.17%

US002941AB88

1.17%

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)

0.11%

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

0.10%

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

0.10%

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

0.10%

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

0.10%

Texas Transportation Finance Corp., 5.5% 1oct2055, USD (2025A)

0.10%

Massachusetts Development Finance Agency, 5.5% 1dec2056, USD

0.10%

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

0.10%

San Diego Unified School District, 4% 1jul2047, USD

0.09%

Lower Alabama Gas District, 5% 1sep2046, USD

0.09%

Texas Water Development Board, 4.75% 15oct2055, USD (2025)

0.09%

University of California Medical Center, 4% 15may2053, USD

0.09%

Chicago Board of Education, 6% 1apr2046, USD (2017)

0.09%

Frequently asked questions about PRIV and PZA

How have the PRIV and PZA ETFs performed in 2026?

As of September 8, 2026, PRIV is down -0.22% year-to-date (YTD), while PZA has lost -3.08%. 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 +$1.07B for PZA.

Which ETF is more volatile: PRIV or PZA?

Over the past year, PRIV had a volatility of 3.46%, while PZA experienced 3.54%.

Which ETF is bigger: PRIV or PZA?

As of September 8, 2026, PRIV holds $817.19 M in assets under management (AUM), while PZA manages $4.22 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 September 8, 2026, PRIV is down -0.22% year-to-date (YTD), while PZA has lost -3.08%. 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 +$1.07B for PZA.

Which ETF is more volatile: PRIV or PZA?

Over the past year, PRIV had a volatility of 3.46%, while PZA experienced 3.54%.

Which ETF is bigger: PRIV or PZA?

As of September 8, 2026, PRIV holds $817.19 M in assets under management (AUM), while PZA manages $4.22 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 341 securities with 38.2% of its assets in the top 15. PZA has 7022 securities and a top 15 weight of 1.49%.

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