PowerShares National AMT-Free Municipal Bond Portfolio ETF (PZA)

Description

The investment seeks to track the performance of the ICE BofAML National Long-Term Core Plus Municipal Securities Index. The PZA ETF contains 668 constituents. It is focused on holdings in the region.

Price $22.22 as of 2022-10-20

Cost/Risk/Yield

Dividend yield2.51%
Expense ratio0.28%
Average spread0.045%
1Y roundtrip cost0.325%

Historic prices

Total Returns (including dividends)

Monthly returns heatmap

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
2022-3.0%-0.9%-3.7%-4.5%2.0%-2.8%3.4%-3.6%-4.9%0.6%-17.5%
20210.5%-2.0%0.8%1.2%0.8%0.5%0.6%-0.6%-1.1%0.0%1.2%0.3%2.2%
20201.8%1.7%-5.1%-1.7%4.6%0.8%1.7%-0.7%-0.1%-0.5%2.2%0.7%5.3%
20190.7%0.6%2.2%0.7%1.6%0.3%0.8%2.1%-0.7%-0.1%0.0%0.5%8.7%
2018-1.6%-0.9%0.7%-0.5%1.2%-0.1%0.4%0.1%-1.0%-0.9%1.0%1.5%-0.0%
20170.9%0.6%-0.2%0.3%2.2%-0.1%0.9%0.7%-0.4%0.2%-0.0%1.6%6.8%
20161.0%-0.1%1.0%0.9%0.8%2.2%-0.5%0.1%-0.8%-0.8%-4.3%1.4%1.0%
20152.1%-1.2%0.5%-1.2%-0.6%-0.5%1.7%-0.1%0.5%0.8%0.9%0.9%3.9%
20143.9%0.9%1.3%1.5%1.7%0.2%0.5%1.7%0.5%0.8%0.1%1.2%14.4%
20130.4%0.3%-1.1%1.7%-2.2%-4.4%-3.3%-1.6%2.4%1.2%0.2%-0.8%-7.2%
20123.4%-0.1%-0.8%1.6%1.5%-0.3%2.5%0.2%0.5%0.5%2.6%-2.0%9.5%
2011-0.5%1.6%-1.2%2.8%2.7%0.0%0.9%2.8%2.0%-0.7%0.2%2.5%13.1%
9.6%0.4%-5.6%2.9%16.3%-4.3%9.6%1.1%-2.9%1.2%4.2%7.7%

Historical Dividends

Monthly dividend heatmap

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
20220.050.050.050.050.050.050.050.050.050.45
20210.060.050.050.050.050.050.050.050.050.050.050.58
20200.060.060.060.060.060.060.050.040.050.050.050.050.66
20190.070.070.070.070.060.060.060.050.060.060.060.060.74
20180.070.070.070.070.070.070.070.070.070.070.070.060.79
20170.060.060.060.070.070.070.070.070.070.060.070.060.79
20160.070.070.070.070.070.070.070.060.060.060.060.060.80
20150.080.080.080.080.080.070.080.080.070.070.080.080.92
20140.090.090.090.090.090.090.080.080.080.080.080.081.01
20130.080.080.080.080.080.080.080.080.080.080.090.090.98
20120.090.090.090.090.090.090.090.090.080.080.090.081.06
20110.100.090.090.090.090.090.090.090.090.090.090.091.10
0.870.860.860.860.850.850.840.810.760.750.780.77

Sectors and Top Holdings

Security % Assets
Top 0 Weights0.00%

Compare with similar ETFs

PZA JMUB MLN PWZ PZT RVNU
Product namePowerShares National AMT-Free Municipal Bond Portfolio ETFJP Morgan Municipal ETFMarket Vectors AMT-Free Long Municipal Index ETFPowerShares California AMT-Free Municipal Bond Portfolio ETFPowerShares New York AMT-Free Municipal Bond Portfolio ETFDeutsche X-trackers Municipal Infrastructure Revenue Bond ETF
IssuerInvescoJPMorganVanEckInvescoInvescoXtrackers
Price$22.22$48.39$16.61$23.26$21.34$22.95
Expense Ratio0.28%better0.18%better0.24%0.28%0.28%better0.15%
Average Spread0.045%0.041%0.181%0.129%0.234%0.261%
AUM$2,069,230,000$87,096,700$188,045,000$475,302,000$96,145,400$122,542,000
Shares93,124,5341,799,89011,321,19520,434,3114,505,4105,339,538
Average Daily Volume1,194,41776,708183,260765,05721,07350,990
Home pageVisit external siteVisit external siteVisit external siteVisit external siteVisit external site
Inception Date2007-10-112018-10-292008-01-022007-10-112007-10-112013-06-04
Index TrackedICE BofAML National Long-Term Core Plus Municipal Securities IndexNo Underlying IndexBloomberg AMT-Free Long Continuous Municipal IndexICE BofAML California Long-Term Core Plus Municipal Securities IndexICE BofAML New York Long-Term Core Plus Municipal Securities IndexSolactive Municipal Infrastructure Revenue Bond Index
CategoryNational MunisTotal Bond MarketNational MunisCalifornia MunisNew York MunisNational Munis
Asset ClassBondBondBondBondBondBond
Asset Class Size
Value or Growth
Region
CountriesU.S.U.S.U.S.U.S.U.S.U.S.
Annual Dividend Rate$0.558$1.049$0.53$0.529$0.655$0.643
Annual Dividend Yield0.025%0.022%0.032%0.023%0.031%0.028%
Number of Holdings66855450419984376
YTD Return-16.48%-10.68%-21.79%-15.20%-16.73%-20.04%
Beta0.240.050.290.260.230.27
Upside Beta0.01-0.020.010.000.010.03
Downside Beta-0.04-0.07-0.07-0.05-0.06-0.12
Volatility 1Y6.09%3.39%8.81%6.11%6.45%7.27%
Sharpe Ratio 3Y-0.79-0.94-0.82-1.11-0.89-1.07
Treynor Ratio 3Y-0.02-0.06-0.02-0.02-0.02-0.02

Historic volatility

Implied volatility

Put/Call Ratio (option volume)

Put/Call Ratio (open interest)

Volatility Spread

Volatility Skew