SCCRvsPZAETF Comparison
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Schwab Core Bond ETF (SCCR) belongs to the US Aggregate Bonds segment. Invesco National AMT-Free Municipal Bond ETF (PZA) is part of the Municipal Bonds segment. SCCR's top 3 sector exposures are Finance, Sovereign and Industrials. In contrast, PZA's top sector exposures are Municipal. SCCR is less expensive with a Total Expense Ratio (TER) of 0.16%, versus 0.28% for PZA. SCCR is down -0.26% year-to-date (YTD) with +$883M in YTD flows. PZA performs worse with -3.18% YTD performance, and +$978M in YTD flows. Run a side-by-side ETF comparison of SCCR and PZA 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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SCCR vs PZA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 11/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | SCCR PZA | +2.80%+4.29% | -0.43%-2.19% | -0.26%-3.18% | +0.16%-3.25% | n/a+8.36% | n/a-5.22% |
| Flows | SCCR PZA | +$93M-$114M | +$409M-$9M | +$883M+$978M | +$970M+$880M | -+$1.85B | -+$2.10B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | SCCR PZA | +4.74%+7.45% | +4.06%+4.85% | n/a+5.45% | n/a+5.48% |
| Max drawdown | SCCR PZA | -3.46%-8.18% | -4.85%-9.83% | n/a-9.83% | n/a-18.28% |
| Max drawdown duration | SCCR PZA | 71d83d | 248d248d | n/a248d | n/a1766d |
Trading data
SCCR | PZA | |
Last sale 11/5/2026 at 2:30 PM | $24.84 | $22.36 |
| Previous close 11/04/2026 | $24.77 | $22.26 |
| Consolidated volume 11/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 6, 2026
1-year trailing difference
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SCCR
is actively managed and doesn’t replicate an indexSCCR | PZA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 11/5/2026 at 2:30 PM
Live
Closed
SCCR | PZA | |
|---|---|---|
| Last price | $24.84 | $22.36 |
| 1D performance | +0.28% | +0.45% |
| AuM | $1.91 B | $4.10 B |
| E/R | 0.16% | 0.28% |
Characteristics
SCCR | PZA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | Schwab ETFs | Invesco |
| Benchmark | - | ICE BofA National Long-Term Core Plus Municipal Securities Index |
| N° of holdings | 219 | 3412 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | February 5, 2025 | October 11, 2007 |
| ESG | No | No |
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Exposure
Countries
SCCR
USA
61.8%
Other
38.2%
PZA
USA
58.71%
Other
41.29%
Sectors
SCCR
Finance
17.57%
Sovereign
12.83%
Industrials
12.5%
Municipal
7.46%
Other
49.64%
PZA
Municipal
58.71%
Other
41.29%
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Diversification
SCCR
Total weight of top 15 holdings out of 15
22.38%
PZA
Total weight of top 15 holdings out of 15
1.53%
Top 15 holdings
Data as of September 30, 2026
SCCR
US91282CRG86
3.12%
USA, Notes 3.875% 15may2029, USD (AN-2029)
3.00%
USA, Notes 4.25% 31jul2028, USD (BE-2028)
2.42%
USA, Notes 3.875% 30apr2031, USD (Y-2031)
1.69%
US91282CRH69
1.57%
US91282CRK98
1.50%
USA, Notes 3.875% 31mar2031, USD (W-2031)
1.47%
USA, Notes 3.5% 15feb2029, USD (AK-2029)
1.19%
USA, Bonds 4.625% 15nov2045, USD
1.09%
US3132DWEK53
0.96%
United Airlines 2016-2, 2.875% 7apr2030, USD (ABS)
0.96%
US912810UX45
0.86%
US036940AB04
0.86%
US31418FT568
0.85%
United Airlines 2019-2, 2.7% 1nov2033, USD (ABS, AA)
0.85%
PZA
California Health Facilities Financing Authority, 4% 1nov2044, USD
0.13%
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.12%
County of Jefferson (AL), 5.5% 1oct2053, USD (2024)
0.10%
US6133408D38
0.10%
US43233KAE47
0.10%
US818200VF19
0.10%
US160853VA29
0.10%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2055, USD (2025)
0.10%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.10%
University of California Medical Center, 5% 15may2047, USD (2022)
0.10%
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.10%
California Health Facilities Financing Authority, 4% 15aug2048, USD (2021A)
0.09%
Massachusetts Development Finance Agency, 5.5% 1dec2056, USD
0.09%
Chicago Board of Education, 6% 1apr2046, USD (2017)
0.09%
Texas Transportation Finance Corp., 5.5% 1oct2055, USD (2025A)
0.09%
Frequently asked questions about SCCR and PZA
How have the SCCR and PZA ETFs performed in 2026?
As of November 4, 2026, SCCR is down -0.26% year-to-date (YTD), while PZA has lost -3.18%. That puts SCCR better performer ahead so far this year.
Which ETF is attracting more investor money: SCCR or PZA?
Year-to-date, the SCCR ETF saw +$883M in flows, compared to +$978M for PZA.
Which ETF is more volatile: SCCR or PZA?
Over the past year, SCCR had a volatility of 4.06%, while PZA experienced 4.85%.
Which ETF is bigger: SCCR or PZA?
As of November 4, 2026, SCCR holds $1.91 B in assets under management (AUM), while PZA manages $4.10 B.
What sectors do the SCCR and PZA ETFs invest in?
SCCR leans toward sectors like Finance, Sovereign and Industrials. Meanwhile, PZA focuses on Municipal.
What are the top holdings of the SCCR ETF and PZA ETF?
SCCR top holdings include US91282CRG86, USA, Notes 3.875% 15may2029, USD (AN-2029) and USA, Notes 4.25% 31jul2028, USD (BE-2028). PZA holds in its top three: California Health Facilities Financing Authority, 4% 1nov2044, USD, New York Dormitory Authority, 5.5% 1jul2054, USD (2024A) and County of Jefferson (AL), 5.5% 1oct2053, USD (2024).
Which ETF is more diversified: SCCR or PZA?
SCCR holds 442 securities with 22.38% of its assets in the top 15. PZA has 7224 securities and a top 15 weight of 1.53%.
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