Performance analysis of PZA (INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF)
Annual Return
Over the past 3 years, PZA has had an average annual return of +2.54%, underperforming the benchmark SPY, which returned +19.63% annual.
Over the past 5 years, PZA has had an average annual return of -0.34%, underperforming the benchmark SPY, which returned +12.73% annual.
Over the past 10 years, PZA has had an average annual return of +1.71%, underperforming the benchmark SPY, which returned +15.04% annual.
Since Oct 18, 2007, PZA has had an average annual return of +3.19%, underperforming the benchmark SPY, which returned +10.82% annual.
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| +1.84% | +1.82% | +0.81% | +8.65% | -13.16% | +2.38% | +5.06% | +9% | -0.08% | +6.95% | +0.82% | +3.94% |
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||
| +15.30% | -7.14% | +9.80% | +13.74% | -0.45% | +17.58% | -11.73% | +0.75% |
Monthly Return
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Annually Total |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.75% | +1.62% | -2.32% | +1.53% | +0.45% | +1.30% | -1.42% | +1.84% | |||||
| 2025 | -0.36% | +1.55% | -2.75% | -1.09% | -1.34% | +0.49% | -1.12% | +0.86% | +4.36% | +1.47% | +0.22% | -0.30% | +1.82% |
| 2024 | -0.49% | -0.00583% | -0.20% | -1.50% | +0.27% | +1.44% | +1.29% | -0.12% | +1.61% | -1.60% | +2.17% | -1.97% | +0.81% |
| 2023 | +4.21% | -2.82% | +2.68% | +0.33% | -1.19% | +1.28% | +0.13% | -1.95% | -3.63% | -1.63% | +7.33% | +4.19% | +8.65% |
| 2022 | -3.03% | -0.91% | -3.74% | -4.50% | +1.99% | -2.84% | +3.42% | -3.59% | -4.90% | -1.17% | +6.73% | -0.80% | -13.16% |
| 2021 | +0.54% | -2.01% | +0.81% | +1.17% | +0.79% | +0.49% | +0.63% | -0.58% | -0.95% | +0.03% | +1.18% | +0.30% | +2.38% |
| 2020 | +1.78% | +1.71% | -5.15% | -1.71% | +4.59% | +0.83% | +1.67% | -0.74% | -0.11% | -0.52% | +2.24% | +0.68% | +5.06% |
| 2019 | +0.67% | +0.57% | +2.25% | +0.69% | +1.56% | +0.31% | +0.77% | +2.15% | -0.66% | -0.07% | +0% | +0.46% | +9% |
| 2018 | -1.56% | -0.92% | +0.70% | -0.45% | +1.23% | -0.09% | +0.43% | +0.10% | -1.04% | -0.89% | +0.97% | +1.51% | -0.08% |
| 2017 | +0.93% | +0.58% | -0.18% | +0.31% | +2.23% | -0.10% | +0.89% | +0.69% | -0.41% | +0.21% | -0.01% | +1.63% | +6.95% |
Drawdown analysis of PZA (INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF)
The maximum drawdown for the PZA was -24.48%, occurring on Oct 15, 2008. Recovery took 228 trading sessions.
The current PZA drawdown is -1.70%.
Since Oct 18, 2007 PZA has experienced the following drawdowns:
- 20% or more: 2 times
- 10% or more: 5 times
| Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.48% | Jan 17, 2008 | 188 | Oct 15, 2008 | 228 | Sep 11, 2009 | 416 |
| -21.70% | Mar 9, 2020 | 8 | Mar 19, 2020 | 182 | Dec 7, 2020 | 190 |
| -18.55% | Jul 19, 2021 | 321 | Oct 25, 2022 | Ongoing | Ongoing | Ongoing |
| -12.46% | Nov 30, 2012 | 191 | Sep 5, 2013 | 214 | Jul 14, 2014 | 405 |
| -11.77% | May 10, 2010 | 174 | Jan 14, 2011 | 138 | Aug 3, 2011 | 312 |
| -7.07% | Jul 8, 2016 | 103 | Dec 2, 2016 | 185 | Aug 29, 2017 | 288 |
| -4.07% | Oct 1, 2009 | 33 | Nov 17, 2009 | 109 | Apr 27, 2010 | 142 |
| -3.43% | Feb 2, 2015 | 89 | Jun 10, 2015 | 114 | Nov 19, 2015 | 203 |
| -2.99% | Dec 29, 2017 | 213 | Nov 2, 2018 | 39 | Jan 2, 2019 | 252 |
| -2.99% | Oct 24, 2007 | 15 | Nov 14, 2007 | 32 | Jan 2, 2008 | 47 |
| -2.81% | Feb 10, 2021 | 10 | Feb 25, 2021 | 65 | May 28, 2021 | 75 |
| -2.29% | Sep 22, 2011 | 14 | Oct 12, 2011 | 44 | Dec 14, 2011 | 58 |
| -1.71% | Oct 15, 2014 | 23 | Nov 17, 2014 | 18 | Dec 12, 2014 | 41 |
| -1.71% | Sep 3, 2019 | 8 | Sep 13, 2019 | 78 | Jan 6, 2020 | 86 |
| -1.58% | Feb 2, 2012 | 30 | Mar 16, 2012 | 19 | Apr 13, 2012 | 49 |
| -1.44% | Feb 16, 2016 | 13 | Mar 4, 2016 | 16 | Mar 29, 2016 | 29 |
| -1.29% | Nov 8, 2017 | 14 | Nov 29, 2017 | 5 | Dec 6, 2017 | 19 |
| -1.18% | Dec 6, 2017 | 10 | Dec 20, 2017 | 6 | Dec 29, 2017 | 16 |
| -1.16% | Sep 5, 2012 | 7 | Sep 14, 2012 | 8 | Sep 26, 2012 | 15 |
| -1.16% | Aug 10, 2011 | 1 | Aug 11, 2011 | 17 | Sep 6, 2011 | 18 |
| -1.12% | Jul 26, 2012 | 14 | Aug 15, 2012 | 14 | Sep 5, 2012 | 28 |
| -1.07% | Jan 18, 2012 | 3 | Jan 23, 2012 | 5 | Jan 30, 2012 | 8 |
| -1.06% | Jun 4, 2012 | 6 | Jun 12, 2012 | 18 | Jul 9, 2012 | 24 |
| -0.99% | Sep 7, 2017 | 15 | Sep 28, 2017 | 12 | Oct 16, 2017 | 27 |
| -0.96% | Oct 17, 2017 | 7 | Oct 26, 2017 | 9 | Nov 8, 2017 | 16 |