Invesco Zacks Mid-Cap ETF (CZA) belongs to the Mid Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with CZA. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to CZA
CZA charges 0.69% annually. There are 69 ETFs in the Mid Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR Portfolio S&P 400 Mid Cap ETF | 0.03% | 18.14B | Nov 2005 | CZA vs SPMD | |
| Vanguard Mid-Cap ETF | 0.03% | 218.80B | Jan 2004 | CZA vs VO | |
| Schwab US Mid-Cap ETF | 0.04% | 14.91B | Jan 2011 | CZA vs SCHM | |
| iShares Morningstar Mid-Cap ETF | 0.04% | 1.64B | Jun 2004 | CZA vs IMCB | |
| Vanguard Extended Market ETF | 0.05% | 93.70B | Dec 2001 | CZA vs VXF |
Best Risk-Adjusted Alternatives to CZA
CZA has a PortfoliosLab risk / return rank of 52. There are 49 ETFs in the Mid Cap Blend Equities category with higher risk-adjusted ranks, going as high as 92.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Castellan Targeted Equity ETF | 92 | — | Jun 2025 | CZA vs CTEF | |
| Invesco S&P Spin-Off ETF | 90 | 226.12M | Dec 2006 | CZA vs CSD | |
| Optimize Strategy Index ETF | 85 | 239.89M | Apr 2024 | CZA vs OPTZ | |
| Amplify Etho Climate Leadership U.S. ETF | 84 | 183.76M | Nov 2015 | CZA vs ETHO | |
| SRH U.S. Quality ETF | 83 | 170.62M | Oct 2022 | CZA vs SRHQ |
Top Performing CZA Alternatives (YTD)
CZA is at 12.49% YTD. There are 54 ETFs in the Mid Cap Blend Equities category with higher YTD returns, going as high as 37.16%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco S&P Spin-Off ETF | 37.16% | 226.12M | Dec 2006 | CZA vs CSD | |
| Castellan Targeted Equity ETF | 33.65% | — | Jun 2025 | CZA vs CTEF | |
| Optimize Strategy Index ETF | 25.55% | 239.89M | Apr 2024 | CZA vs OPTZ | |
| Counterpoint Quantitative Equity ETF | 24.09% | 366.29M | Nov 2023 | CZA vs CPAI | |
| Amplify Etho Climate Leadership U.S. ETF | 22.44% | 183.76M | Nov 2015 | CZA vs ETHO |
Lowest Volatility Alternatives to CZA
CZA has 12.67% 1-year volatility. There are 16 ETFs in the Mid Cap Blend Equities category with lower 1-year volatility, going as low as 8.79%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard U.S. Minimum Volatility ETF | 8.79% | 426.50M | Feb 2018 | CZA vs VFMV | |
| Invesco Bloomberg MVP Multi-factor ETF | 9.78% | 101.68M | May 2003 | CZA vs BMVP | |
| Invesco Dynamic Market ETF | 9.78% | 95.10M | May 2003 | CZA vs PWC | |
| ETC 6 Meridian Low Beta Equity Strategy ETF | 10.31% | 185.97M | May 2020 | CZA vs SIXL | |
| Indexperts Quality Earnings Focused ETF | 10.91% | 34.97M | Dec 2024 | CZA vs QIDX |
Lowest Drawdown Alternatives to CZA
CZA has a 1-year max drawdown of -9.21%. There are 42 ETFs in the Mid Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -6.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard U.S. Minimum Volatility ETF | -6.00% | 426.50M | Feb 2018 | CZA vs VFMV | |
| SRH U.S. Quality ETF | -6.31% | 170.62M | Oct 2022 | CZA vs SRHQ | |
| Invesco Bloomberg MVP Multi-factor ETF | -6.45% | 101.68M | May 2003 | CZA vs BMVP | |
| Invesco Dynamic Market ETF | -6.45% | 95.10M | May 2003 | CZA vs PWC | |
| WisdomTree US Multifactor Fund | -6.47% | 301.51M | Jun 2017 | CZA vs USMF |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, SPMO, QQQM and span 11 categories. AUM among these funds goes as high as $481B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 53 | 15.19% | 481.14B | Mar 1999 | CZA vs QQQ | |
| Invesco S&P 500 Momentum ETF | Momentum, S&P 500 | 51 | 22.29% | 22.01B | Oct 2015 | CZA vs SPMO | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 54 | 15.22% | 100.59B | Oct 2020 | CZA vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 63 | 13.18% | 96.24B | Apr 2003 | CZA vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 89 | 67.78% | 2.58B | Jun 2021 | CZA vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 60 | 14.73% | 20.11B | Dec 2005 | CZA vs SPHQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 37 | 4.04% | 10.85B | May 2005 | CZA vs XLG | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 46 | 13.60% | 3.29B | Oct 2012 | CZA vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 47 | 14.42% | 7.45B | Mar 2005 | CZA vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 42 | 8.27% | 3.99B | Feb 2012 | CZA vs IDMO |
Often Compared With CZA
Investors most often compare CZA with IJH, FMDE, YAFFX. These 19 comparison targets span 10 categories, based on PortfoliosLab usage data.
Compare CZA with Any Fund or Stock
Compare CZA with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair CZA with funds that move differently
Invesco Zacks Mid-Cap ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to CZA.
Explore CZA Diversifiers