Performance analysis of PWZ (INVESCO CALIFORNIA AMT-FREE MUNICIPAL BOND ETF)
Annual Return
Over the past 3 years, PWZ has had an average annual return of +3.20%, underperforming the benchmark SPY, which returned +22.45% annual.
Over the past 5 years, PWZ has had an average annual return of +0.13%, underperforming the benchmark SPY, which returned +13.88% annual.
Over the past 10 years, PWZ has had an average annual return of +1.89%, underperforming the benchmark SPY, which returned +15.44% annual.
Since Oct 18, 2007, PWZ has had an average annual return of +3.25%, underperforming the benchmark SPY, which returned +10.93% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +2.41% | +1.26% | +2.16% | +6.55% | -11.35% | +1.94% | +4.90% | +8.72% | +0.32% | +6.82% | +0.61% | +3.72% |
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||
| +15.63% | -4.67% | +8.58% | +12.24% | +0.70% | +14.77% | -10.62% | +0.63% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.32% | +2.09% | -2.61% | +1.75% | +0.62% | +0.29% | +2.41% | ||||||
| 2025 | -0.95% | +1.21% | -2.89% | -1.08% | -0.34% | +0.15% | -1.60% | +1.26% | +3.74% | +1.79% | +0.47% | -0.35% | +1.26% |
| 2024 | +0.94% | -0.46% | -0.13% | -0.98% | -0.67% | +1.68% | +1.50% | -0.26% | +1.29% | -1.48% | +2.13% | -1.34% | +2.16% |
| 2023 | +3.18% | -2.59% | +2.81% | -0.21% | -0.74% | +1.13% | +0.04% | -1.10% | -3.02% | -3.42% | +8.73% | +2.16% | +6.55% |
| 2022 | -2.86% | -0.67% | -3.63% | -4.63% | +2.42% | -2.95% | +3.90% | -3.74% | -4.17% | -1.41% | +6.79% | -0.33% | -11.35% |
| 2021 | +0.56% | -2.05% | +0.92% | +1.13% | +0.60% | +0.42% | +0.76% | -0.59% | -0.88% | -0.07% | +1.13% | +0.03% | +1.94% |
| 2020 | +2.04% | +1.29% | -3.94% | -3.16% | +4.67% | +0.46% | +2.21% | -0.79% | +0.30% | -0.76% | +2.41% | +0.38% | +4.90% |
| 2019 | +0.06% | +0.37% | +2.28% | +0.94% | +1.46% | +0.29% | +0.99% | +2.01% | -0.58% | +0.32% | -0.22% | +0.51% | +8.72% |
| 2018 | -1.62% | -0.76% | +0.29% | -0.37% | +1.75% | +0.02% | +0.38% | +0.02% | -1.09% | -0.91% | +1.24% | +1.45% | +0.32% |
| 2017 | +0.06% | +0.58% | +0.10% | +1.01% | +1.83% | +0.24% | +0.63% | +1.14% | -0.71% | +0.04% | +0.02% | +1.70% | +6.82% |
Drawdown analysis of PWZ (INVESCO CALIFORNIA AMT-FREE MUNICIPAL BOND ETF)
The maximum drawdown for the PWZ was -21.49%, occurring on Dec 16, 2008. Recovery took 181 trading sessions.
The current PWZ drawdown is -0.60%.
Since Oct 18, 2007 PWZ has experienced the following drawdowns:
- 20% or more: 1 time
- 10% or more: 5 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -21.49% | Jan 15, 2008 | 233 | Dec 16, 2008 | 181 | Sep 4, 2009 | 414 |
| -17.56% | Jul 19, 2021 | 320 | Oct 24, 2022 | Ongoing | Ongoing | Ongoing |
| -13.10% | Mar 9, 2020 | 10 | Mar 23, 2020 | 98 | Aug 11, 2020 | 108 |
| -11.55% | Sep 29, 2010 | 76 | Jan 18, 2011 | 138 | Aug 4, 2011 | 214 |
| -11.26% | May 2, 2013 | 89 | Sep 9, 2013 | 149 | Apr 11, 2014 | 238 |
| -7.29% | Jul 7, 2016 | 105 | Dec 5, 2016 | 185 | Aug 30, 2017 | 290 |
| -4.90% | Oct 5, 2009 | 32 | Nov 18, 2009 | 111 | Apr 30, 2010 | 143 |
| -3.28% | Feb 2, 2015 | 89 | Jun 10, 2015 | 113 | Nov 18, 2015 | 202 |
| -3.02% | Dec 6, 2017 | 229 | Nov 2, 2018 | 37 | Dec 28, 2018 | 266 |
| -2.81% | Feb 11, 2021 | 9 | Feb 25, 2021 | 68 | Jun 3, 2021 | 77 |
| -2.24% | Aug 11, 2020 | 54 | Oct 27, 2020 | 18 | Nov 20, 2020 | 72 |
| -2.19% | Oct 22, 2007 | 28 | Nov 30, 2007 | 25 | Jan 8, 2008 | 53 |
| -2.04% | Sep 22, 2011 | 12 | Oct 10, 2011 | 44 | Dec 12, 2011 | 56 |
| -1.98% | Nov 28, 2012 | 72 | Mar 14, 2013 | 33 | May 1, 2013 | 105 |
| -1.81% | Aug 28, 2019 | 11 | Sep 13, 2019 | 78 | Jan 6, 2020 | 89 |
| -1.58% | Oct 15, 2014 | 16 | Nov 6, 2014 | 23 | Dec 10, 2014 | 39 |
| -1.16% | Nov 8, 2017 | 14 | Nov 29, 2017 | 5 | Dec 6, 2017 | 19 |
| -1.11% | May 28, 2014 | 11 | Jun 12, 2014 | 9 | Jun 25, 2014 | 20 |
| -1.11% | Jul 25, 2012 | 36 | Sep 14, 2012 | 9 | Sep 27, 2012 | 45 |
| -1.08% | Sep 8, 2017 | 14 | Sep 28, 2017 | 14 | Oct 18, 2017 | 28 |
| -1.03% | Feb 29, 2012 | 13 | Mar 19, 2012 | 15 | Apr 10, 2012 | 28 |
| -1.01% | Jan 18, 2012 | 3 | Jan 23, 2012 | 4 | Jan 27, 2012 | 7 |
| -0.99% | May 25, 2010 | 15 | Jun 16, 2010 | 20 | Jul 15, 2010 | 35 |
| -0.99% | Oct 18, 2017 | 9 | Oct 31, 2017 | 6 | Nov 8, 2017 | 15 |
| -0.98% | Jan 3, 2019 | 15 | Jan 25, 2019 | 17 | Feb 20, 2019 | 32 |