UITBvsPZAETF Comparison
ETF 1
UITB
VictoryShares USAA Core Intermediate-Term Bond ETF
This fund is part of
US Aggregate Bonds
+0.03%
VS
VictoryShares USAA Core Intermediate-Term Bond ETF (UITB) belongs to the US Aggregate Bonds segment. Invesco National AMT-Free Municipal Bond ETF (PZA) is part of the Municipal Bonds segment. UITB's top 3 sector exposures are Sovereign, Finance and Industrials. In contrast, PZA's top sector exposures are Municipal. UITB is more expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.28% for PZA. UITB is down -1.65% year-to-date (YTD) with +$47M in YTD flows. PZA performs worse with -5.77% YTD performance, and +$1.06B in YTD flows. Run a side-by-side ETF comparison of UITB 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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UITB vs PZA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | UITB PZA | -0.15%-0.78% | -1.91%-6.25% | -1.65%-5.77% | -1.74%-5.56% | +15.50%+6.07% | +0.40%-7.44% |
| Flows | UITB PZA | -$20M-$21M | +$33M+$84M | +$47M+$1.06B | +$161M+$954M | +$1.11B+$2.07B | +$1.81B+$2.19B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | UITB PZA | +4.36%+7.30% | +3.91%+4.68% | +4.86%+5.53% | +5.54%+5.45% |
| Max drawdown | UITB PZA | -3.37%-8.91% | -4.68%-9.83% | -4.68%-9.83% | -16.06%-18.28% |
| Max drawdown duration | UITB PZA | 52d92d | 229d229d | 229d229d | 1395d1747d |
Trading data
UITB | PZA | |
Last sale 10/19/2026 at 2:15 PM | $44.97 | $21.54 |
| Previous close 10/16/2026 | $45.01 | $21.64 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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UITB
is actively managed and doesn’t replicate an indexUITB | 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 10/19/2026 at 2:15 PM
Live
Closed
UITB | PZA | |
|---|---|---|
| Last price | $44.97 | $21.54 |
| 1D performance | -0.08% | -0.46% |
| AuM | $2.61 B | $4.08 B |
| E/R | 0.38% | 0.28% |
Characteristics
UITB | PZA | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | VictoryShares | Invesco |
| Benchmark | - | ICE BofA National Long-Term Core Plus Municipal Securities Index |
| N° of holdings | 630 | 3395 |
| Asset class | - | Fixed Income |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2017 | October 11, 2007 |
| ESG | No | No |
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Exposure
Countries
UITB
USA
60.1%
Other
39.9%
PZA
USA
59.27%
Other
40.73%
Sectors
UITB
Sovereign
34.61%
Finance
10.04%
Other
55.35%
PZA
Municipal
59.27%
Other
40.73%
Diversification
UITB
Total weight of top 15 holdings out of 15
18.73%
PZA
Total weight of top 15 holdings out of 15
1.51%
Top 15 holdings
Data as of August 31, 2026
UITB
USA, Notes 4.125% 31may2032, USD (L-2032)
2.12%
USA, Notes 3.875% 15aug2034, USD (E-2034)
2.00%
USA, Notes 4.5% 15nov2033, USD (F-2033)
1.84%
USA, Notes 3.375% 15may2033, USD (C-2033)
1.69%
USA, Notes 4.25% 15may2035, USD (C-2035)
1.52%
USA, Notes 4.125% 15nov2032, USD (F-2032)
1.48%
USA, Notes 3.875% 30sep2032, USD (Q-2032)
1.04%
USA, Notes 2.75% 15aug2032, USD (E-2032)
1.01%
USA, Notes 4.25% 31mar2033, USD (J-2033)
0.97%
USA, Notes 4.125% 15feb2036, USD (B-2036)
0.88%
USA, Bonds 4.625% 15nov2044, USD
0.85%
USA, Bonds 4.75% 15feb2056, USD
0.85%
USA, Bonds 3.875% 15aug2040, USD
0.84%
USA, Notes 3.625% 30sep2030, USD (AD-2030)
0.83%
USA, Bonds 4.625% 15feb2046, USD
0.81%
PZA
California Health Facilities Financing Authority, 4% 1nov2044, USD
0.13%
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.12%
New York Dormitory Authority, 4% 15feb2047, USD (2019D)
0.10%
County of Jefferson (AL), 5.5% 1oct2053, USD (2024)
0.10%
California Health Facilities Financing Authority, 4% 15aug2048, USD (2021A)
0.10%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2055, USD (2025)
0.10%
Triborough Bridge and Tunnel Authority, 5% 15may2051, USD (2021A)
0.10%
University of California Medical Center, 5% 15may2047, USD (2022)
0.10%
County of Jefferson (AL), 5.25% 1oct2049, USD (2024)
0.10%
Orange Health Facilities Authority, 5.25% 1oct2056, USD (2025A)
0.09%
US818200VF19
0.09%
US6133408D38
0.09%
US67756AH960
0.09%
US160853VA29
0.09%
US43233KAE47
0.09%
Frequently asked questions about UITB and PZA
How have the UITB and PZA ETFs performed in 2026?
As of October 16, 2026, UITB is down -1.65% year-to-date (YTD), while PZA has lost -5.77%. That puts UITB better performer ahead so far this year.
Which ETF is attracting more investor money: UITB or PZA?
Year-to-date, the UITB ETF saw +$47M in flows, compared to +$1.06B for PZA.
Which ETF is more volatile: UITB or PZA?
Over the past year, UITB had a volatility of 3.91%, while PZA experienced 4.68%.
Which ETF is bigger: UITB or PZA?
As of October 16, 2026, UITB holds $2.61 B in assets under management (AUM), while PZA manages $4.08 B.
What sectors do the UITB and PZA ETFs invest in?
UITB leans toward sectors like Sovereign and Finance. Meanwhile, PZA focuses on Municipal.
What are the top holdings of the UITB ETF and PZA ETF?
UITB top holdings include USA, Notes 4.125% 31may2032, USD (L-2032), USA, Notes 3.875% 15aug2034, USD (E-2034) and USA, Notes 4.5% 15nov2033, USD (F-2033). PZA holds in its top three: California Health Facilities Financing Authority, 4% 1nov2044, USD, New York Dormitory Authority, 5.5% 1jul2054, USD (2024A) and New York Dormitory Authority, 4% 15feb2047, USD (2019D).
Which ETF is more diversified: UITB or PZA?
UITB holds 1215 securities with 18.73% of its assets in the top 15. PZA has 7121 securities and a top 15 weight of 1.51%.
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