Invesco New York AMT-Free Municipal Bond ETF (PZT)
PZT is a passive ETF by Invesco tracking the investment results of the ICE BofA New York Long-Term Core Plus Muni. PZT launched on Oct 11, 2007 and has a 0.28% expense ratio.
ETF Info
| ISIN | US73936T4581 |
|---|---|
| CUSIP | 46138E529 |
| Issuer | Invesco |
| Inception Date | Oct 11, 2007 |
| Region | North America (U.S.) |
| Category | Municipal Bonds |
| Leveraged | 1x |
| Index Tracked | ICE BofA New York Long-Term Core Plus Muni |
| Asset Class | Bond |
Expense Ratio
PZT features an expense ratio of 0.28%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: PZT vs. FLIA, PZT vs. NYF, PZT vs. VNYUX, PZT vs. MINO, PZT vs. SCMB, PZT vs. DGRO, PZT vs. FTABX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Invesco New York AMT-Free Municipal Bond ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Invesco New York AMT-Free Municipal Bond ETF had a return of 1.83% year-to-date (YTD) and 9.50% in the last 12 months. Over the past 10 years, Invesco New York AMT-Free Municipal Bond ETF had an annualized return of 2.47%, while the S&P 500 had an annualized return of 11.39%, indicating that Invesco New York AMT-Free Municipal Bond ETF did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.83% | 25.45% |
| 1 month | -0.42% | 2.91% |
| 6 months | 1.39% | 14.05% |
| 1 year | 9.50% | 35.64% |
| 5 years (annualized) | 0.84% | 14.13% |
| 10 years (annualized) | 2.47% | 11.39% |
Monthly Returns
The table below presents the monthly returns of PZT, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.20% | -1.20% | 0.37% | -1.59% | 0.58% | 1.42% | 1.31% | -0.38% | 1.55% | -1.55% | 1.83% | ||
| 2023 | 3.99% | -3.03% | 2.81% | 0.07% | -0.33% | 0.82% | 0.24% | -2.41% | -3.83% | -2.42% | 9.23% | 2.91% | 7.57% |
| 2022 | -3.31% | -0.80% | -4.06% | -4.41% | 2.59% | -3.22% | 3.64% | -3.66% | -4.56% | -2.20% | 7.46% | -0.58% | -13.04% |
| 2021 | 0.67% | -2.23% | 0.60% | 1.57% | 0.82% | 0.61% | 0.85% | -0.72% | -0.92% | -0.20% | 1.25% | 0.41% | 2.67% |
| 2020 | 1.88% | 1.96% | -4.01% | -2.81% | 4.18% | 1.18% | 1.20% | -0.17% | -0.50% | -0.21% | 2.24% | 1.06% | 5.89% |
| 2019 | 1.03% | 0.48% | 2.42% | 0.83% | 1.48% | 0.48% | 0.82% | 1.78% | -0.47% | -0.01% | -0.11% | 0.42% | 9.52% |
| 2018 | -1.63% | -1.00% | 0.65% | -0.31% | 1.21% | -0.34% | 0.27% | 0.42% | -1.51% | -0.56% | 0.92% | 1.37% | -0.55% |
| 2017 | -0.17% | 0.60% | 1.06% | 0.30% | 1.67% | 0.10% | 0.39% | 0.89% | -0.37% | 0.35% | -0.51% | 1.78% | 6.21% |
| 2016 | 1.49% | 0.70% | 0.33% | 1.17% | 0.40% | 2.32% | -0.28% | 0.41% | -0.84% | -1.50% | -4.02% | 1.59% | 1.64% |
| 2015 | 1.89% | -1.04% | 0.15% | -0.44% | -0.42% | -0.91% | 1.22% | -0.41% | 0.70% | 0.49% | 0.53% | 1.13% | 2.89% |
| 2014 | 3.43% | 0.66% | 2.11% | 1.51% | 2.39% | 0.83% | -0.87% | 1.62% | 0.99% | 0.84% | 0.01% | 1.17% | 15.63% |
| 2013 | 0.98% | 0.25% | -1.21% | 1.38% | -1.64% | -3.91% | -2.65% | -2.61% | 2.51% | 0.43% | 0.52% | -1.00% | -6.92% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PZT is 41, suggesting that the investment has average results relative to other ETFs in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Invesco New York AMT-Free Municipal Bond ETF (PZT) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Invesco New York AMT-Free Municipal Bond ETF provided a 2.96% dividend yield over the last twelve months, with an annual payout of $0.68 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.65 | $0.59 | $0.72 | $0.67 | $0.69 | $0.72 | $0.72 | $0.81 | $0.83 | $0.92 | $0.92 |
Dividend yield | 2.96% | 2.82% | 2.66% | 2.77% | 2.55% | 2.73% | 3.01% | 2.94% | 3.37% | 3.40% | 3.75% | 4.17% |
Monthly Dividends
The table displays the monthly dividend distributions for Invesco New York AMT-Free Municipal Bond ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.06 | $0.05 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.00 | $0.57 | |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.65 |
| 2022 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.59 |
| 2021 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.17 | $0.72 |
| 2020 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.67 |
| 2019 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.69 |
| 2018 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.72 |
| 2017 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.72 |
| 2016 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.81 |
| 2015 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.83 |
| 2014 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.07 | $0.07 | $0.07 | $0.92 |
| 2013 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.07 | $0.07 | $0.08 | $0.08 | $0.92 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Invesco New York AMT-Free Municipal Bond ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Invesco New York AMT-Free Municipal Bond ETF was 22.73%, occurring on Oct 16, 2008. Recovery took 232 trading sessions.
The current Invesco New York AMT-Free Municipal Bond ETF drawdown is 5.22%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -22.73% | Jan 23, 2008 | 179 | Oct 16, 2008 | 232 | Sep 18, 2009 | 411 |
| -19.13% | Jul 20, 2021 | 322 | Oct 26, 2022 | — | — | — |
| -16.54% | Mar 10, 2020 | 10 | Mar 23, 2020 | 94 | Aug 5, 2020 | 104 |
| -12.33% | Dec 3, 2012 | 194 | Sep 10, 2013 | 180 | May 29, 2014 | 374 |
| -10.45% | Sep 28, 2010 | 76 | Jan 14, 2011 | 142 | Aug 9, 2011 | 218 |
Volatility
Volatility Chart
The current Invesco New York AMT-Free Municipal Bond ETF volatility is 2.10%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.