DNP vs PZA

Comparison between DNP Select Income Fund Inc (DNP, ETF) and INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF (PZA, ETF).

5-Year PerformanceDNP has outperformed PZA, delivering a return of +9.0% compared to +0.0%

DNP vs PZA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	DNP(ETF)	PZA(ETF)
Net Assets	$3.80B	$3.90B
Expense Ratio	N/A	0.28%
Max Drawdown	54.78%	27.00%
Sharpe Ratio	1.55	0.66
5Y Beta	0.38	0.04
5Y Dividends CAGR	1.61%	5.46%

Net Assets

DNP

$3.80B

Winner

PZA

$3.90B

Expense Ratio

DNP

N/A

PZA

0.28%

Max Drawdown

DNP

54.78%

Winner

PZA

27.00%

Sharpe Ratio

Winner

DNP

1.55

PZA

0.66

5Y Beta

DNP

0.38

Winner

PZA

0.04

5Y Dividends CAGR

DNP

1.61%

Winner

PZA

5.46%

DNP vs PZA - Historical Returns

Returns include dividend reinvestment.

Period	DNP	PZA
1 month	+3.60%	+0.70%
3 months	+7.59%	+0.69%
6 months	+10.11%	+2.02%
1 year	+20.62%	+6.73%
5 years(CAGR)	+8.95%	+0.03%
10 years(CAGR)	+8.10%	+1.88%
Max(CAGR)	+8.08%	+3.22%

Winner

DNP

+3.60%

PZA

+0.70%

Winner

DNP

+7.59%

PZA

+0.69%

Winner

DNP

+10.11%

PZA

+2.02%

Winner

DNP

+20.62%

PZA

+6.73%

5Y(CAGR)

Winner

DNP

+8.95%

PZA

+0.03%

10Y(CAGR)

Winner

DNP

+8.10%

PZA

+1.88%

Max(CAGR)

Winner

DNP

+8.08%

PZA

+3.22%

DNP vs PZA - Annual Returns (1999 - 2026)

Returns include dividend reinvestment.

Year	DNP	PZA
2026	+10.35%	+1.58%
2025	+21.06%	+1.38%
2024	+11.10%	+0.81%
2023	-19.12%	+7.75%
2022	+10.44%	-13.00%
2021	+15.85%	+2.26%
2020	-12.89%	+4.91%
2019	+30.75%	+8.48%
2018	+2.78%	+0.07%
2017	+12.29%	+6.78%
2016	+22.45%	+0.62%
2015	-6.64%	+3.65%
2014	+21.21%	+15.05%
2013	+6.54%	-6.96%
2012	-6.53%	+9.84%
2011	+30.42%	+13.58%
2010	+10.24%	-0.41%
2009	+47.10%	+17.92%
2008	-36.38%	-12.12%
2007	+5.95%	+0.75%
2006	+12.53%	N/A
2005	-4.94%	N/A
2004	+16.87%	N/A
2003	+18.70%	N/A
2002	-2.63%	N/A
2001	+11.91%	N/A
2000	+30.60%	N/A
1999	-13.63%	N/A

DNP vs PZA Drawdown Comparison

The maximum drawdown for DNP was -48.54%, occurring on Mar 9, 2009. Recovery took 519 trading sessions.

The maximum drawdown for PZA was -24.48%, occurring on Oct 15, 2008. Recovery took 416 trading sessions.

The current DNP drawdown is -1.29%. The current PZA drawdown is -1.70%.

Rank	DNP	PZA
#1	-48.54% Jun 4, 2008 - Jun 25, 2010	-24.48% Jan 17, 2008 - Sep 11, 2009
#2	-39.54% Feb 11, 2020 - Mar 2, 2022	-21.69% Mar 9, 2020 - Dec 7, 2020
#3	-25.97% Apr 24, 2002 - May 23, 2003	-18.55% Jul 19, 2021 - Oct 25, 2022
#4	-24.30% Jan 13, 2023 - Mar 28, 2025	-12.46% Nov 30, 2012 - Jul 14, 2014
#5	-21.51% Jul 23, 2012 - May 13, 2014	-11.77% May 10, 2010 - Aug 3, 2011
#6	-16.01% May 28, 2015 - Apr 11, 2016	-7.07% Jul 8, 2016 - Aug 29, 2017
#7	-15.29% Nov 5, 1999 - Aug 7, 2000	-4.07% Oct 1, 2009 - Apr 27, 2010
#8	-14.39% Apr 28, 2022 - Jan 10, 2023	-3.43% Feb 2, 2015 - Nov 19, 2015
#9	-13.40% Mar 31, 2004 - Aug 27, 2004	-3.00% Dec 29, 2017 - Jan 2, 2019
#10	-12.04% Oct 3, 2005 - Oct 9, 2006	-2.99% Oct 24, 2007 - Jan 2, 2008
#11	-11.86% Mar 2, 2005 - Jun 24, 2005	-2.80% Feb 10, 2021 - May 28, 2021
#12	-11.71% Oct 11, 2017 - May 25, 2018	-2.29% Sep 22, 2011 - Dec 14, 2011
#13	-11.20% Jul 11, 2011 - Sep 15, 2011	-1.72% Sep 3, 2019 - Jan 6, 2020
#14	-10.42% Feb 24, 2012 - Jun 18, 2012	-1.72% Oct 15, 2014 - Dec 12, 2014
#15	-10.33% Nov 10, 2010 - May 10, 2011	-1.58% Feb 2, 2012 - Apr 13, 2012

Correlation

Correlation between DNP and PZA is 0.92 which considered as a very strong positive correlation - the stocks move almost identically together.

0.92

-101

Dividend Comparison (2000 - 2026)

DNP vs PZA dividend yield comparison.

Year	DNP	PZA
2026	2.43%	1.22%
2025	7.81%	3.55%
2024	8.84%	3.22%
2023	9.20%	2.91%
2022	6.93%	2.68%
2021	7.18%	2.34%
2020	7.60%	2.44%
2019	6.11%	2.81%
2018	7.50%	3.19%
2017	7.22%	3.04%
2016	7.62%	3.23%
2015	8.71%	3.59%
2014	7.39%	3.96%
2013	8.28%	4.27%
2012	7.55%	4.11%
2011	7.14%	4.48%
2010	8.53%	4.90%
2009	8.72%	4.68%
2008	12.68%	5.07%
2007	7.37%	0.93%
2006	7.21%	0.00%
2005	7.56%	0.00%
2004	6.67%	0.00%
2003	7.25%	0.00%
2002	8.08%	0.00%
2001	7.14%	0.00%
2000	3.19%	0.00%