IBDU vs PZA

Comparison between ISHARES IBONDS DEC 2029 TERM CORPORATE ETF (IBDU, ETF) and INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF (PZA, ETF).

5-Year PerformanceIBDU has outperformed PZA, delivering a return of +1.0% compared to -0.3%

IBDU vs PZA - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	IBDU(ETF)	PZA(ETF)
Net Assets	$4.10B	$4.20B
Expense Ratio	0.10%	0.28%
Max Drawdown	22.93%	27.00%
Sharpe Ratio	-0.19	0.91
5Y Beta	0.05	0.05
5Y Dividends CAGR	9.63%	6.50%

Net Assets

IBDU

$4.10B

Winner

PZA

$4.20B

Expense Ratio

Winner

IBDU

0.10%

PZA

0.28%

Max Drawdown

Winner

IBDU

22.93%

PZA

27.00%

Sharpe Ratio

IBDU

-0.19

Winner

PZA

0.91

5Y Beta

Winner

IBDU

0.05

PZA

0.05

5Y Dividends CAGR

Winner

IBDU

9.63%

PZA

6.50%

IBDU vs PZA - Historical Returns

Returns include dividend reinvestment.

Period	IBDU	PZA
1 month	+0.34%	-1.34%
3 months	+0.62%	-0.12%
6 months	+0.60%	+0.65%
1 year	+3.43%	+7.86%
5 years(CAGR)	+1.02%	-0.29%
10 years(CAGR)	N/A	+1.70%
Max(CAGR)	+2.41%	+3.17%

Winner

IBDU

+0.34%

PZA

-1.34%

Winner

IBDU

+0.62%

PZA

-0.12%

IBDU

+0.60%

Winner

PZA

+0.65%

IBDU

+3.43%

Winner

PZA

+7.86%

5Y(CAGR)

Winner

IBDU

+1.02%

PZA

-0.29%

10Y(CAGR)

IBDU

N/A

PZA

+1.70%

Max(CAGR)

IBDU

+2.41%

Winner

PZA

+3.17%

IBDU vs PZA - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	IBDU	PZA
2026	+1.15%	+1.41%
2025	+7.50%	+1.38%
2024	+4.07%	+0.81%
2023	+8.17%	+7.75%
2022	-12.44%	-13.00%
2021	-1.87%	+2.26%
2020	+10.16%	+4.91%
2019	+2.23%	+8.48%
2018	N/A	+0.07%
2017	N/A	+6.78%
2016	N/A	+0.62%
2015	N/A	+3.65%
2014	N/A	+15.05%
2013	N/A	-6.96%
2012	N/A	+9.84%
2011	N/A	+13.58%
2010	N/A	-0.41%
2009	N/A	+17.92%
2008	N/A	-12.12%
2007	N/A	+0.75%

IBDU vs PZA Drawdown Comparison

The maximum drawdown for IBDU was -19.44%, occurring on Oct 20, 2022. Recovery took 993 trading sessions.

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

The current PZA drawdown is -1.87%.

Rank	IBDU	PZA
#1	-19.44% Aug 4, 2021 - Jul 21, 2025	-24.48% Jan 17, 2008 - Sep 11, 2009
#2	-18.22% Mar 5, 2020 - Jun 15, 2020	-21.69% Mar 9, 2020 - Dec 7, 2020
#3	-5.23% Dec 31, 2020 - Aug 2, 2021	-18.55% Jul 19, 2021 - Oct 25, 2022
#4	-1.79% Aug 6, 2020 - Nov 27, 2020	-12.46% Nov 30, 2012 - Jul 14, 2014
#5	-1.65% Oct 4, 2019 - Dec 26, 2019	-11.77% May 10, 2010 - Aug 3, 2011
#6	-1.58% Feb 27, 2026 - Aug 5, 2026	-7.07% Jul 8, 2016 - Aug 29, 2017
#7	-0.81% Nov 30, 2020 - Dec 24, 2020	-4.07% Oct 1, 2009 - Apr 27, 2010
#8	-0.78% Sep 24, 2019 - Oct 2, 2019	-3.43% Feb 2, 2015 - Nov 19, 2015
#9	-0.67% Jun 16, 2020 - Jul 1, 2020	-2.99% Dec 29, 2017 - Jan 2, 2019
#10	-0.55% Feb 3, 2020 - Feb 10, 2020	-2.99% Oct 24, 2007 - Jan 2, 2008
#11	-0.52% Feb 25, 2020 - Feb 28, 2020	-2.80% Feb 10, 2021 - May 28, 2021
#12	-0.51% Oct 21, 2025 - Nov 24, 2025	-2.29% Sep 22, 2011 - Dec 14, 2011
#13	-0.47% Sep 15, 2025 - Oct 1, 2025	-1.72% Sep 3, 2019 - Jan 6, 2020
#14	-0.37% Jul 23, 2020 - Jul 29, 2020	-1.72% Oct 15, 2014 - Dec 12, 2014
#15	-0.35% Feb 10, 2020 - Feb 18, 2020	-1.58% Feb 2, 2012 - Apr 13, 2012

Correlation

Correlation between IBDU and PZA is 0.83 which considered as a strong positive correlation - the stocks tend to move together.

0.83

-101

Dividend Comparison (2007 - 2026)

IBDU vs PZA dividend yield comparison.

Year	IBDU	PZA
2026	2.67%	2.19%
2025	4.67%	3.55%
2024	4.75%	3.22%
2023	4.21%	2.91%
2022	3.34%	2.68%
2021	2.29%	2.34%
2020	2.42%	2.44%
2019	0.74%	2.81%
2018	0.00%	3.19%
2017	0.00%	3.04%
2016	0.00%	3.23%
2015	0.00%	3.59%
2014	0.00%	3.96%
2013	0.00%	4.27%
2012	0.00%	4.11%
2011	0.00%	4.48%
2010	0.00%	4.90%
2009	0.00%	4.68%
2008	0.00%	5.07%
2007	0.00%	0.93%