PWZvsPRSDETF Comparison
VS
ETF 2
PRSD
State Street Short Duration IG Public & Private Credit ETF
This fund is part of
Intl IG Bonds
-0%
Invesco California AMT-Free Municipal Bond ETF (PWZ) belongs to the Municipal Bonds segment. State Street Short Duration IG Public & Private Credit ETF (PRSD) is part of the Intl IG Bonds segment. PWZ's top 1 sector exposures are Municipal. In contrast, PRSD's top sector exposures are Sovereign, Finance and Industrials. PWZ is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.45% for PRSD. PWZ is down -5.64% year-to-date (YTD) with +$142M in YTD flows. PRSD performs better with 1.71% YTD performance, and +$41M in YTD flows. Run a side-by-side ETF comparison of PWZ and PRSD 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 PRSD 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 PRSD | -0.98%+0.15% | -6.27%+0.08% | -5.64%+1.71% | -5.26%+2.47% | +5.72%n/a | -6.62%n/a |
| Flows | PWZ PRSD | -$19M+$11M | +$81M+$37M | +$142M+$41M | +$138M+$110M | +$318M- | +$737M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PWZ PRSD | +6.85%+1.22% | +4.44%+1.21% | +5.28%n/a | +5.21%n/a |
| Max drawdown | PWZ PRSD | -8.65%-0.85% | -9.53%-0.85% | -9.53%n/a | -17.07%n/a |
| Max drawdown duration | PWZ PRSD | 92d52d | 102d52d | 102dn/a | 1747dn/a |
Trading data
PWZ | PRSD | |
Last sale 10/16/2026 at 1:30 PM | $22.73 | $24.76 |
| Previous close 10/15/2026 | $22.70 | $24.78 |
| 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 indexPWZ | PRSD | |
|---|---|---|
| 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 | PRSD | |
|---|---|---|
| Last price | $22.73 | $24.76 |
| 1D performance | +0.13% | -0.08% |
| AuM | $1.16 B | $133.36 M |
| E/R | 0.28% | 0.45% |
Characteristics
PWZ | PRSD | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | State Street Investment Management |
| Benchmark | ICE BofA California Long-Term Core Plus Municipal Securities Index | - |
| N° of holdings | 671 | 119 |
| Asset class | Fixed Income | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 11, 2007 | September 10, 2025 |
| ESG | No | No |
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Exposure
Countries
PWZ
USA
68.28%
Other
31.72%
PRSD
USA
62.17%
Other
37.83%
Sectors
PWZ
Municipal
68.28%
Other
31.72%
PRSD
Sovereign
36.89%
Finance
10.61%
Other
52.49%
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Diversification
PWZ
Total weight of top 15 holdings out of 15
7.38%
PRSD
Total weight of top 15 holdings out of 15
60.9%
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%
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%
Frequently asked questions about PWZ and PRSD
How have the PWZ and PRSD ETFs performed in 2026?
As of October 16, 2026, PWZ is down -5.64% year-to-date (YTD), while PRSD has returned 1.71%. That puts PRSD better performer ahead so far this year.
Which ETF is attracting more investor money: PWZ or PRSD?
Year-to-date, the PWZ ETF saw +$142M in flows, compared to +$41M for PRSD.
Which ETF is more volatile: PWZ or PRSD?
Over the past year, PWZ had a volatility of 4.44%, while PRSD experienced 1.21%.
Which ETF is bigger: PWZ or PRSD?
As of October 16, 2026, PWZ holds $1.16 B in assets under management (AUM), while PRSD manages $133.36 M.
What sectors do the PWZ and PRSD ETFs invest in?
PWZ leans toward sectors like Municipal. Meanwhile, PRSD focuses on Sovereign and Finance.
What are the top holdings of the PWZ ETF and PRSD 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). PRSD holds in its top three: USA, Notes 3.75% 31dec2028, USD (AH-2028), USA, Notes 3.625% 15aug2028, USD (AR-2028) and US8574924663.
Which ETF is more diversified: PWZ or PRSD?
PWZ holds 1237 securities with 7.38% of its assets in the top 15. PRSD has 153 securities and a top 15 weight of 60.9%.
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Latest news about PWZ & PRSD
A Year of PRSD: Blending Public and Private Credit with Short Duration
September 10, 2026
PRSD
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