PRSDvsPWZETF Comparison
ETF 1
PRSD
State Street Short Duration IG Public & Private Credit ETF
This fund is part of
Intl IG Bonds
-0%
VS
State Street Short Duration IG Public & Private Credit ETF (PRSD) belongs to the Intl IG Bonds segment. Invesco California AMT-Free Municipal Bond ETF (PWZ) is part of the Municipal Bonds segment. PRSD's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, PWZ's top sector exposures are Municipal. PRSD is more expensive with a Total Expense Ratio (TER) of 0.45%, versus 0.28% for PWZ. PRSD is up 1.71% year-to-date (YTD) with +$41M in YTD flows. PWZ performs worse with -5.64% YTD performance, and +$142M in YTD flows. Run a side-by-side ETF comparison of PRSD 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.
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PRSD vs PWZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PRSD PWZ | +0.15%-0.98% | +0.08%-6.27% | +1.71%-5.64% | +2.47%-5.26% | n/a+5.72% | n/a-6.62% |
| Flows | PRSD PWZ | +$11M-$19M | +$37M+$81M | +$41M+$142M | +$110M+$138M | -+$318M | -+$737M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PRSD PWZ | +1.22%+6.85% | +1.21%+4.44% | n/a+5.28% | n/a+5.21% |
| Max drawdown | PRSD PWZ | -0.85%-8.65% | -0.85%-9.53% | n/a-9.53% | n/a-17.07% |
| Max drawdown duration | PRSD PWZ | 52d92d | 52d102d | n/a102d | n/a1747d |
Trading data
PRSD | PWZ | |
Last sale 10/16/2026 at 1:30 PM | $24.76 | $22.73 |
| Previous close 10/15/2026 | $24.78 | $22.70 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 18, 2026
1-year trailing difference
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PRSD
is actively managed and doesn’t replicate an indexPRSD | PWZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
PRSD | PWZ | |
|---|---|---|
| Last price | $24.76 | $22.73 |
| 1D performance | -0.08% | +0.13% |
| AuM | $133.36 M | $1.16 B |
| E/R | 0.45% | 0.28% |
Characteristics
PRSD | PWZ | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | State Street Investment Management | Invesco |
| Benchmark | - | ICE BofA California Long-Term Core Plus Municipal Securities Index |
| N° of holdings | 119 | 671 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 10, 2025 | October 11, 2007 |
| ESG | No | No |
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Exposure
Countries
PRSD
USA
62.17%
Other
37.83%
PWZ
USA
68.28%
Other
31.72%
Sectors
PRSD
Sovereign
36.89%
Finance
10.61%
Other
52.49%
PWZ
Municipal
68.28%
Other
31.72%
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Diversification
PRSD
Total weight of top 15 holdings out of 15
60.9%
PWZ
Total weight of top 15 holdings out of 15
7.38%
Top 15 holdings
Data as of August 31, 2026
PRSD
USA, Notes 3.75% 31dec2028, USD (AH-2028)
23.08%
USA, Notes 3.625% 15aug2028, USD (AR-2028)
13.82%
US8574924663
3.44%
US3142JCA348
3.11%
US22757JAC18
3.01%
US31418FWX13
1.94%
US74940EAA55
1.82%
US00188NAA19
1.65%
US233046AF89
1.48%
US3142JCBY56
1.43%
J.P. Morgan Mortgage Trust 2025-VIS3, 5.062% 25feb2066, USD (ABS, A1)
1.33%
Blue Owl Credit Income, 7.75% 16sep2027, USD
1.29%
Banco Santander, 3.8% 23feb2028, USD (26)
1.29%
RCKT Mortgage Trust 2025-CES8, 5.89878% 25aug2055, USD (ABS, M1)
1.13%
Sands China, 2.3% 8mar2027, USD
1.10%
PWZ
California Health Facilities Financing Authority, 4% 1nov2044, USD
0.88%
California Health Facilities Financing Authority, 4% 15aug2048, USD (2021A)
0.62%
University of California Medical Center, 5% 15may2047, USD (2022)
0.61%
University of California Medical Center, 4% 15may2053, USD
0.54%
California Educational Facilities Authority, 5% 1oct2055, USD (2025A)
0.51%
California Educational Facilities Authority, 5% 1may2049, USD
0.50%
San Diego Community College District, 5% 1aug2055, USD (2024)
0.46%
University of California, 5% 15may2053, USD (2025)
0.46%
Los Angeles Unified School District, 4% 1jul2044, USD
0.45%
US13032U7V45
0.44%
Foothill/Eastern Transportation Corridor Agency, 4% 15jan2046, USD (2021A)
0.40%
University of California, 5% 15may2052, USD (2022)
0.38%
California Educational Facilities Authority, 5% 1may2045, USD
0.38%
San Francisco Public Utilities Commission, 5% 1oct2054, USD (2024)
0.38%
San Francisco Bay Area Rapid Transit District, 4.25% 1aug2052, USD (2016)
0.37%
Frequently asked questions about PRSD and PWZ
How have the PRSD and PWZ ETFs performed in 2026?
As of October 16, 2026, PRSD is up 1.71% year-to-date (YTD), while PWZ has lost -5.64%. That puts PRSD better performer ahead so far this year.
Which ETF is attracting more investor money: PRSD or PWZ?
Year-to-date, the PRSD ETF saw +$41M in flows, compared to +$142M for PWZ.
Which ETF is more volatile: PRSD or PWZ?
Over the past year, PRSD had a volatility of 1.21%, while PWZ experienced 4.44%.
Which ETF is bigger: PRSD or PWZ?
As of October 16, 2026, PRSD holds $133.36 M in assets under management (AUM), while PWZ manages $1.16 B.
What sectors do the PRSD and PWZ ETFs invest in?
PRSD leans toward sectors like Sovereign and Finance. Meanwhile, PWZ focuses on Municipal.
What are the top holdings of the PRSD ETF and PWZ ETF?
PRSD top holdings include USA, Notes 3.75% 31dec2028, USD (AH-2028), USA, Notes 3.625% 15aug2028, USD (AR-2028) and US8574924663. 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: PRSD or PWZ?
PRSD holds 153 securities with 60.9% of its assets in the top 15. PWZ has 1237 securities and a top 15 weight of 7.38%.
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Latest news about PRSD & PWZ
A Year of PRSD: Blending Public and Private Credit with Short Duration
September 10, 2026
PRSD
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