PWZvsFFIUETF Comparison
VS
ETF 2
FFIU
UVA Unconstrained Medium-Term Fixed Income ETF
This fund is part of
Intl Aggregate Bonds
+0.01%
Invesco California AMT-Free Municipal Bond ETF (PWZ) belongs to the Municipal Bonds segment. UVA Unconstrained Medium-Term Fixed Income ETF (FFIU) is part of the Intl Aggregate Bonds segment. PWZ's top 1 sector exposures are Municipal. In contrast, FFIU's top sector exposures are Industrials, Technology and Sovereign. PWZ is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.82% for FFIU. PWZ is down -5.64% year-to-date (YTD) with +$142M in YTD flows. FFIU performs better with -2.92% YTD performance, and +$1M in YTD flows. Run a side-by-side ETF comparison of PWZ and FFIU 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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PWZ vs FFIU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PWZ FFIU | -0.98%-0.53% | -6.27%-2.70% | -5.64%-2.92% | -5.26%-3.31% | +5.72%+13.99% | -6.62%-4.63% |
| Flows | PWZ FFIU | -$19M-$1M | +$81M-$1M | +$142M+$1M | +$138M+$21K | +$318M+$251K | +$737M-$14M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PWZ FFIU | +6.85%+5.15% | +4.44%+4.59% | +5.28%+6.10% | +5.21%+6.51% |
| Max drawdown | PWZ FFIU | -8.65%-4.53% | -9.53%-6.30% | -9.53%-6.30% | -17.07%-20.33% |
| Max drawdown duration | PWZ FFIU | 92d89d | 102d229d | 102d229d | 1747d1802d |
Trading data
PWZ | FFIU | |
Last sale 10/16/2026 at 1:30 PM | $22.73 | $20.77 |
| Previous close 10/15/2026 | $22.70 | $20.79 |
| 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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FFIU
is actively managed and doesn’t replicate an indexPWZ | FFIU | |
|---|---|---|
| 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
PWZ | FFIU | |
|---|---|---|
| Last price | $22.73 | $20.77 |
| 1D performance | +0.13% | -0.06% |
| AuM | $1.16 B | $49.89 M |
| E/R | 0.28% | 0.82% |
Characteristics
PWZ | FFIU | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Nottingham Company |
| Benchmark | ICE BofA California Long-Term Core Plus Municipal Securities Index | - |
| N° of holdings | 671 | 97 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 11, 2007 | August 21, 2017 |
| ESG | No | No |
Exposure
Countries
PWZ
USA
68.28%
Other
31.72%
FFIU
USA
64.27%
Other
35.73%
Sectors
PWZ
Municipal
68.28%
Other
31.72%
FFIU
Industrials
16.33%
Technology
11.33%
Sovereign
8.09%
Other
64.25%
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Diversification
PWZ
Total weight of top 15 holdings out of 15
7.38%
FFIU
Total weight of top 15 holdings out of 15
24.15%
Top 15 holdings
Data as of August 31, 2026
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%
FFIU
US3132DP7M45
2.60%
US3142J6EJ85
1.81%
FN MA5165, 5.5% 1oct2053, USD (ABS)
1.77%
FR RQ0075, 5% 1dec2055, USD (ABS)
1.75%
USA, Bonds 4% 15nov2042, USD
1.66%
USA, Bonds 2.25% 15feb2052, USD
1.63%
FR RJ1927, 5% 1jul2054, USD (ABS)
1.60%
FN MA5822, 5.5% 1sep2055, USD (ABS)
1.59%
eBay, 4% 15jul2042, USD
1.57%
US3140AR4J63
1.49%
US31418ES431
1.38%
USA, Bonds 3% 15feb2048, USD
1.34%
USA, Bonds 3.125% 15feb2043, USD
1.32%
US3142J6C840
1.32%
US31418FT642
1.32%
Frequently asked questions about PWZ and FFIU
How have the PWZ and FFIU ETFs performed in 2026?
As of October 16, 2026, PWZ is down -5.64% year-to-date (YTD), while FFIU has lost -2.92%. That puts FFIU better performer ahead so far this year.
Which ETF is attracting more investor money: PWZ or FFIU?
Year-to-date, the PWZ ETF saw +$142M in flows, compared to +$1M for FFIU.
Which ETF is more volatile: PWZ or FFIU?
Over the past year, PWZ had a volatility of 4.44%, while FFIU experienced 4.59%.
Which ETF is bigger: PWZ or FFIU?
As of October 16, 2026, PWZ holds $1.16 B in assets under management (AUM), while FFIU manages $49.89 M.
What sectors do the PWZ and FFIU ETFs invest in?
PWZ leans toward sectors like Municipal. Meanwhile, FFIU focuses on Industrials, Technology and Sovereign.
What are the top holdings of the PWZ ETF and FFIU ETF?
PWZ top holdings include 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). FFIU holds in its top three: US3132DP7M45, US3142J6EJ85 and FN MA5165, 5.5% 1oct2053, USD (ABS).
Which ETF is more diversified: PWZ or FFIU?
PWZ holds 1237 securities with 7.38% of its assets in the top 15. FFIU has 131 securities and a top 15 weight of 24.15%.
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