PZTvsSCCRETF Comparison
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Invesco New York AMT-Free Municipal Bond ETF (PZT) belongs to the Municipal Bonds segment. Schwab Core Bond ETF (SCCR) is part of the US Aggregate Bonds segment. PZT's top 1 sector exposures are Municipal. In contrast, SCCR's top sector exposures are Finance, Sovereign and Industrials. PZT is more expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.16% for SCCR. PZT is down -2.48% year-to-date (YTD) with +$11M in YTD flows. SCCR performs better with -0.12% YTD performance, and +$713M in YTD flows. Run a side-by-side ETF comparison of PZT and SCCR 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 SCCR performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/31/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PZT SCCR | -1.11%+0.39% | -2.78%-0.71% | -2.48%-0.12% | +3.22%+2.39% | +5.93%n/a | -5.39%n/a |
| Flows | PZT SCCR | +$6M+$246M | +$11M+$353M | +$11M+$713M | +$8M+$1.44B | +$57M- | +$43M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PZT SCCR | +3.89%+4.03% | +3.93%+3.76% | +5.69%n/a | +5.55%n/a |
| Max drawdown | PZT SCCR | -4.00%-1.82% | -4.08%-2.74% | -8.97%n/a | -18.68%n/a |
| Max drawdown duration | PZT SCCR | 56d63d | 183d183d | 432dn/a | 1701dn/a |
Trading data
PZT | SCCR | |
Last sale 9/1/2026 at 1:30 PM | $21.59 | $24.95 |
| Previous close 08/31/2026 | $21.88 | $25.12 |
| Consolidated volume 08/31/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 2, 2026
1-year trailing difference
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SCCR
is actively managed and doesn’t replicate an indexPZT | SCCR | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/1/2026 at 1:30 PM
Live
Closed
PZT | SCCR | |
|---|---|---|
| Last price | $21.59 | $24.95 |
| 1D performance | -1.33% | -0.68% |
| AuM | $141.36 M | $1.77 B |
| E/R | 0.28% | 0.16% |
Characteristics
PZT | SCCR | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | Schwab ETFs |
| Benchmark | ICE BofA New York Long-Term Core Plus Municipal Securities Index | - |
| N° of holdings | 734 | 220 |
| Asset class | Bonds | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 11, 2007 | February 5, 2025 |
| ESG | No | No |
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Exposure
Countries
PZT
USA
71.26%
Other
28.74%
SCCR
USA
71.63%
Other
28.37%
Sectors
PZT
Municipal
71.26%
Other
28.74%
SCCR
Finance
18.58%
Sovereign
18.39%
Industrials
13.24%
Municipal
8.7%
Other
41.09%
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Diversification
PZT
Total weight of top 15 holdings out of 15
12.03%
SCCR
Total weight of top 15 holdings out of 15
21.47%
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%
SCCR
USA, Notes 4.125% 30jun2028, USD (BD-2028)
2.51%
USA, Notes 3.875% 15apr2029, USD (AM-2029)
1.85%
USA, Notes 4% 31may2028, USD (BC-2028)
1.77%
USA, Notes 4.125% 15jun2029, USD (AP-2029)
1.77%
USA, Notes 3.5% 15mar2029, USD (AL-2029)
1.70%
USA, Notes 4.125% 31may2031, USD (Z-2031)
1.42%
USA, Notes 4.125% 30jun2031, USD (AA-2031)
1.42%
USA, Bonds 4.625% 15feb2055, USD
1.32%
USA, Notes 3.5% 28feb2031, USD (V-2031)
1.26%
US3132DWEK53
1.19%
United Airlines 2016-2, 2.875% 7apr2030, USD (ABS)
1.13%
USA, Bonds 5% 15may2046, USD
1.07%
USA, Bonds 4.75% 15may2055, USD
1.06%
United Airlines 2019-2, 2.7% 1nov2033, USD (ABS, AA)
1.03%
American Airlines 2021-1, 2.875% 11jan2036, USD (ABS, A)
0.96%
Frequently asked questions about PZT and SCCR
How have the PZT and SCCR ETFs performed in 2026?
As of August 31, 2026, PZT is down -2.48% year-to-date (YTD), while SCCR has lost -0.12%. That puts SCCR better performer ahead so far this year.
Which ETF is attracting more investor money: PZT or SCCR?
Year-to-date, the PZT ETF saw +$11M in flows, compared to +$713M for SCCR.
Which ETF is more volatile: PZT or SCCR?
Over the past year, PZT had a volatility of 3.93%, while SCCR experienced 3.76%.
Which ETF is bigger: PZT or SCCR?
As of August 31, 2026, PZT holds $141.36 M in assets under management (AUM), while SCCR manages $1.77 B.
What sectors do the PZT and SCCR ETFs invest in?
PZT leans toward sectors like Municipal. Meanwhile, SCCR focuses on Finance, Sovereign and Industrials.
What are the top holdings of the PZT ETF and SCCR 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). SCCR holds in its top three: USA, Notes 4.125% 30jun2028, USD (BD-2028), USA, Notes 3.875% 15apr2029, USD (AM-2029) and USA, Notes 4% 31may2028, USD (BC-2028).
Which ETF is more diversified: PZT or SCCR?
PZT holds 1222 securities with 12.03% of its assets in the top 15. SCCR has 413 securities and a top 15 weight of 21.47%.
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