PZTvsCGCPETF Comparison
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Invesco New York AMT-Free Municipal Bond ETF (PZT) belongs to the Municipal Bonds segment. Capital Group Core Plus Income ETF (CGCP) is part of the Intl Aggregate Bonds segment. PZT's top 1 sector exposures are Municipal. In contrast, CGCP's top sector exposures are Sovereign, Finance and Non-Corporate. PZT is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.34% for CGCP. PZT is down -3.23% year-to-date (YTD) with +$11M in YTD flows. CGCP performs better with -0.32% YTD performance, and +$2.37B in YTD flows. Run a side-by-side ETF comparison of PZT and CGCP 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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PZT vs CGCP performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PZT CGCP | -1.91%-0.06% | -3.53%-0.82% | -3.23%-0.32% | +2.43%+2.05% | +5.07%+16.01% | -6.05%n/a |
| Flows | PZT CGCP | +$6M+$159M | +$11M+$898M | +$11M+$2.37B | +$8M+$3.27B | +$57M+$7.76B | +$43M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PZT CGCP | +4.11%+3.91% | +4.00%+3.58% | +5.71%+4.76% | +5.56%n/a |
| Max drawdown | PZT CGCP | -4.74%-1.69% | -4.82%-2.61% | -8.97%-4.16% | -18.68%n/a |
| Max drawdown duration | PZT CGCP | 57d64d | 184d184d | 432d280d | 1702dn/a |
Trading data
PZT | CGCP | |
Last sale 9/2/2026 at 1:30 PM | $21.54 | $21.87 |
| Previous close 09/01/2026 | $21.59 | $21.85 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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CGCP
is actively managed and doesn’t replicate an indexPZT | CGCP | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/2/2026 at 1:30 PM
Live
Closed
PZT | CGCP | |
|---|---|---|
| Last price | $21.54 | $21.87 |
| 1D performance | -0.24% | +0.09% |
| AuM | $140.28 M | $8.58 B |
| E/R | 0.28% | 0.34% |
Characteristics
PZT | CGCP | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Capital Group |
| Benchmark | ICE BofA New York Long-Term Core Plus Municipal Securities Index | - |
| N° of holdings | 734 | 785 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 11, 2007 | February 22, 2022 |
| ESG | No | No |
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Exposure
Countries
PZT
USA
71.26%
Other
28.74%
CGCP
USA
70.8%
Other
29.2%
Sectors
PZT
Municipal
71.26%
Other
28.74%
CGCP
Sovereign
26.96%
Finance
12.13%
Non-Corporate
9.66%
Industrials
8.92%
Other
42.33%
Diversification
PZT
Total weight of top 15 holdings out of 15
12.03%
CGCP
Total weight of top 15 holdings out of 15
34.77%
Top 15 holdings
Data as of July 31, 2026
PZT
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
1.76%
Hudson Yards Infrastructure Corp., 5% 15feb2042, USD
0.94%
New York Dormitory Authority, 4.25% 1may2052, USD (2022A)
0.88%
New York Power Authority, 4% 15nov2050, USD
0.82%
Battery Park City Authority, 5.25% 1nov2055, USD (2025)
0.80%
New York Dormitory Authority, 5.25% 1may2054, USD (2024A)
0.76%
US649519DW23
0.74%
New York Power Authority, 4% 15nov2055, USD
0.74%
Monroe Industrial Development Corp., 4% 1jul2050, USD (2020A)
0.73%
New York Liberty Development Corp., 2.45% 15sep2069, USD (2019)
0.71%
Hudson Yards Infrastructure Corp., 4% 15feb2047, USD
0.68%
New York Dormitory Authority, 5% 1may2052, USD (2022A)
0.64%
New York Dormitory Authority, 5.5% 1oct2054, USD (2024)
0.62%
Hudson Yards Infrastructure Corp., 4% 15feb2044, USD
0.62%
New York Liberty Development Corp., 2.8% 15sep2069, USD (2019)
0.61%
CGCP
Capital Group Central Cash Fund
9.66%
USA, Bonds 5% 15may2046, USD
4.22%
USA, Notes 3.5% 31jan2028, USD (U-2028)
3.22%
USA, Bonds 5% 15may2056, USD
2.94%
USA, Bonds 4.375% 15may2041, USD
1.66%
Fannie Mae or Freddie Mac TBA, 2.5% 1apr2046, USD (ABS)
1.59%
USA, Notes 3.75% 31jan2031, USD (U-2031)
1.59%
USA, Notes 3.75% 30apr2028, USD (BA-2028)
1.56%
USA, Notes 3.5% 15mar2029, USD (AL-2029)
1.45%
US31418FE297
1.40%
USA, Notes 4.125% 31may2031, USD (Z-2031)
1.16%
US01F0606917
1.12%
US01F0206957
1.11%
US01F0606834
1.09%
FR SD4977, 5% 1nov2053, USD (ABS)
1.00%
Frequently asked questions about PZT and CGCP
How have the PZT and CGCP ETFs performed in 2026?
As of September 1, 2026, PZT is down -3.23% year-to-date (YTD), while CGCP has lost -0.32%. That puts CGCP better performer ahead so far this year.
Which ETF is attracting more investor money: PZT or CGCP?
Year-to-date, the PZT ETF saw +$11M in flows, compared to +$2.37B for CGCP.
Which ETF is more volatile: PZT or CGCP?
Over the past year, PZT had a volatility of 4%, while CGCP experienced 3.58%.
Which ETF is bigger: PZT or CGCP?
As of September 1, 2026, PZT holds $140.28 M in assets under management (AUM), while CGCP manages $8.58 B.
What sectors do the PZT and CGCP ETFs invest in?
PZT leans toward sectors like Municipal. Meanwhile, CGCP focuses on Sovereign, Finance and Non-Corporate.
What are the top holdings of the PZT ETF and CGCP ETF?
PZT top holdings include New York Dormitory Authority, 5.5% 1jul2054, USD (2024A), Hudson Yards Infrastructure Corp., 5% 15feb2042, USD and New York Dormitory Authority, 4.25% 1may2052, USD (2022A). CGCP holds in its top three: Capital Group Central Cash Fund, USA, Bonds 5% 15may2046, USD and USA, Notes 3.5% 31jan2028, USD (U-2028).
Which ETF is more diversified: PZT or CGCP?
PZT holds 1222 securities with 12.03% of its assets in the top 15. CGCP has 1218 securities and a top 15 weight of 34.77%.
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