PWZ vs UNIY
Comparison between INVESCO CALIFORNIA AMT-FREE MUNICIPAL BOND ETF (PWZ, ETF) and WISDOMTREE VOYA YIELD ENHANCED USD UNIVERSAL BOND FUND (UNIY, ETF).
PWZ vs UNIY - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
PWZ
$1.20B
Winner
UNIY
$1.30B
Expense Ratio
PWZ
0.28%
Winner
UNIY
0.15%
Max Drawdown
PWZ
24.70%
Winner
UNIY
8.35%
Sharpe Ratio
Winner
PWZ
1.20
UNIY
0.11
5Y Beta
PWZ
0.11
Winner
UNIY
0.06
5Y Dividends CAGR
PWZ
6.43%
UNIY
N/A
PWZ vs UNIY - Historical Returns
Returns include dividend reinvestment.
1M
Winner
PWZ
+0.51%
UNIY
-0.61%
3M
Winner
PWZ
+1.49%
UNIY
-0.68%
6M
Winner
PWZ
+2.21%
UNIY
-0.27%
1Y
Winner
PWZ
+9.47%
UNIY
+4.20%
5Y(CAGR)
PWZ
+0.06%
UNIY
N/A
10Y(CAGR)
PWZ
+1.84%
UNIY
N/A
Max(CAGR)
PWZ
+3.27%
Winner
UNIY
+3.84%
PWZ vs UNIY - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | PWZ | UNIY |
|---|---|---|
| 2026 | +2.80% | +0.20% |
| 2025 | +1.55% | +7.33% |
| 2024 | +2.03% | +2.22% |
| 2023 | +6.20% | +3.91% |
| 2022 | -11.22% | N/A |
| 2021 | +1.80% | N/A |
| 2020 | +4.94% | N/A |
| 2019 | +8.51% | N/A |
| 2018 | +0.63% | N/A |
| 2017 | +6.56% | N/A |
| 2016 | +0.51% | N/A |
| 2015 | +3.23% | N/A |
| 2014 | +15.24% | N/A |
| 2013 | -4.57% | N/A |
| 2012 | +8.85% | N/A |
| 2011 | +12.31% | N/A |
| 2010 | +0.40% | N/A |
| 2009 | +14.61% | N/A |
| 2008 | -10.62% | N/A |
| 2007 | +0.63% | N/A |
PWZ vs UNIY Drawdown Comparison
The maximum drawdown for PWZ was -21.49%, occurring on Dec 16, 2008. Recovery took 414 trading sessions.
The maximum drawdown for UNIY was -6.27%, occurring on Oct 19, 2023. Recovery took 170 trading sessions.
The current PWZ drawdown is -0.59%. The current UNIY drawdown is -1.42%.
| Rank | PWZ | UNIY |
|---|---|---|
| #1 | -21.49% Jan 15, 2008 - Sep 4, 2009 | -6.27% Apr 5, 2023 - Dec 7, 2023 |
| #2 | -17.56% Jul 19, 2021 - Jun 24, 2026 | -4.39% Sep 16, 2024 - Jun 24, 2025 |
| #3 | -13.10% Mar 9, 2020 - Aug 11, 2020 | -3.31% Feb 1, 2024 - Jun 14, 2024 |
| #4 | -11.55% Sep 29, 2010 - Aug 4, 2011 | -2.69% Feb 8, 2023 - Mar 22, 2023 |
| #5 | -11.26% May 2, 2013 - Apr 11, 2014 | -2.53% Feb 27, 2026 - Mar 27, 2026 |
| #6 | -7.29% Jul 7, 2016 - Aug 30, 2017 | -1.64% Dec 27, 2023 - Feb 1, 2024 |
| #7 | -4.89% Oct 5, 2009 - Apr 30, 2010 | -1.17% Jun 14, 2024 - Jul 8, 2024 |
| #8 | -3.28% Feb 2, 2015 - Nov 18, 2015 | -1.09% Oct 28, 2025 - Jan 14, 2026 |
| #9 | -3.02% Dec 6, 2017 - Dec 28, 2018 | -1.01% Jul 1, 2025 - Jul 29, 2025 |
| #10 | -2.81% Feb 11, 2021 - Jun 3, 2021 | -0.97% Mar 24, 2023 - Apr 3, 2023 |
| #11 | -2.24% Aug 11, 2020 - Nov 20, 2020 | -0.92% Aug 2, 2024 - Aug 14, 2024 |
| #12 | -2.20% Oct 22, 2007 - Jan 8, 2008 | -0.74% Jul 17, 2024 - Jul 31, 2024 |
| #13 | -2.04% Sep 22, 2011 - Dec 12, 2011 | -0.70% Sep 16, 2025 - Oct 13, 2025 |
| #14 | -1.99% Nov 28, 2012 - May 1, 2013 | -0.62% Jan 14, 2026 - Feb 5, 2026 |
| #15 | -1.81% Aug 28, 2019 - Jan 6, 2020 | -0.51% Aug 23, 2024 - Sep 4, 2024 |
Correlation
Correlation between PWZ and UNIY is 0.82 which considered as a strong positive correlation - the stocks tend to move together.
0.82
-101
Dividend Comparison (2007 - 2026)
PWZ vs UNIY dividend yield comparison.
| Year | PWZ | UNIY |
|---|---|---|
| 2026 | 1.88% | 2.30% |
| 2025 | 3.41% | 4.95% |
| 2024 | 3.28% | 4.86% |
| 2023 | 2.85% | 3.99% |
| 2022 | 2.49% | 0.00% |
| 2021 | 2.28% | 0.00% |
| 2020 | 2.34% | 0.00% |
| 2019 | 2.51% | 0.00% |
| 2018 | 2.53% | 0.00% |
| 2017 | 2.48% | 0.00% |
| 2016 | 2.86% | 0.00% |
| 2015 | 3.16% | 0.00% |
| 2014 | 3.80% | 0.00% |
| 2013 | 3.97% | 0.00% |
| 2012 | 3.94% | 0.00% |
| 2011 | 4.29% | 0.00% |
| 2010 | 4.74% | 0.00% |
| 2009 | 4.65% | 0.00% |
| 2008 | 4.88% | 0.00% |
| 2007 | 0.94% | 0.00% |
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