# Invesco National AMT-Free Municipal Bond ETF (PZA)

> Source: Nexqual · https://nexqual.com/PZA · data as of 2026-10-23 20:00 UTC · cite as "Nexqual, Invesco National AMT-Free Municipal Bond ETF (PZA), nexqual.com/PZA" · informational, not investment advice.

**Price:** USD 21.8 (+0.18% on the day) · last close of Oct 23, 2026; US market after hours, not a live price. Prev close 21.76 · day 21.75–21.88 · 52w 21.07–23.63 · market cap null · PCX

## Key facts
- Total return with dividends: 1Y -3.2% vs S&P 500 +13.4%; 5Y -4.6% vs S&P 500 +76.9%.

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-24) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -3.2% | -4.6% |
| S&P 500 (SPY) | +13.4% | +76.9% |
| Per year | -3.2% | -0.9% |
| Volatility (annualized) | 5.0% | 7.3% |
| Max drawdown | -9.4% (Jul 2026→Oct 2026) | -18.1% (Dec 2021→Oct 2022) |

## Peers
TFI (State Street SPDR Nuveen ICE Mu) USD 43.8 +0.18% · ITM (VanEck Intermediate Muni ETF) USD 45.43 +0.35% · MLN (VanEck Long Muni ETF) USD 16.71 +0.06% · SHM (State Street SPDR Nuveen ICE Sh) USD 47.32 +0.08% · HYD (VanEck High Yield Muni ETF) USD 49.23 -0.04%

## More
Full page: https://nexqual.com/PZA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt