PZA vs EMLP
Comparison between INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF (PZA, ETF) and FIRST TRUST NORTH AMERICAN ENERGY INFRASTRUCTURE FUND (EMLP, ETF).
5-Year PerformanceEMLP has outperformed PZA, delivering a return of +16.8% compared to +0.0%
PZA vs EMLP - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PZA vs EMLP - Historical Returns
Returns include dividend reinvestment.
PZA vs EMLP - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | PZA | EMLP |
|---|---|---|
| 2026 | +1.31% | +15.25% |
| 2025 | +1.38% | +9.02% |
| 2024 | +0.81% | +32.40% |
| 2023 | +7.75% | +9.13% |
| 2022 | -13.00% | +9.95% |
| 2021 | +2.26% | +25.39% |
| 2020 | +4.91% | -12.95% |
| 2019 | +8.48% | +23.62% |
| 2018 | +0.07% | -9.37% |
| 2017 | +6.78% | +0.83% |
| 2016 | +0.62% | +29.40% |
| 2015 | +3.65% | -25.87% |
| 2014 | +15.05% | +25.38% |
| 2013 | -6.96% | +13.77% |
| 2012 | +9.84% | +6.34% |
| 2011 | +13.58% | N/A |
| 2010 | -0.41% | N/A |
| 2009 | +17.92% | N/A |
| 2008 | -12.12% | N/A |
| 2007 | +0.75% | N/A |
PZA vs EMLP Drawdown Comparison
The maximum drawdown for PZA was -24.48%, occurring on Oct 15, 2008. Recovery took 416 trading sessions.
The maximum drawdown for EMLP was -43.61%, occurring on Mar 23, 2020. Recovery took 324 trading sessions.
The current PZA drawdown is -1.96%. The current EMLP drawdown is -2.17%.
| Rank | PZA | EMLP |
|---|---|---|
| #1 | -24.48% Jan 17, 2008 - Sep 11, 2009 | -43.61% Feb 20, 2020 - Jun 3, 2021 |
| #2 | -21.69% Mar 9, 2020 - Dec 7, 2020 | -35.59% Dec 29, 2014 - Mar 11, 2019 |
| #3 | -18.55% Jul 19, 2021 - Oct 25, 2022 | -14.59% Jun 7, 2022 - Aug 18, 2022 |
| #4 | -12.46% Nov 30, 2012 - Jul 14, 2014 | -14.40% Aug 25, 2022 - Jul 21, 2023 |
| #5 | -11.77% May 10, 2010 - Aug 3, 2011 | -11.47% Jan 21, 2025 - Jul 18, 2025 |
| #6 | -7.07% Jul 8, 2016 - Aug 29, 2017 | -9.73% Sep 5, 2014 - Nov 18, 2014 |
| #7 | -4.07% Oct 1, 2009 - Apr 27, 2010 | -8.84% Jul 24, 2023 - Dec 1, 2023 |
| #8 | -3.43% Feb 2, 2015 - Nov 19, 2015 | -8.83% Oct 17, 2012 - Jan 10, 2013 |
| #9 | -3.00% Dec 29, 2017 - Jan 2, 2019 | -8.75% Nov 29, 2024 - Jan 21, 2025 |
| #10 | -2.99% Oct 24, 2007 - Jan 2, 2008 | -8.38% May 21, 2013 - Feb 10, 2014 |
| #11 | -2.80% Feb 10, 2021 - May 28, 2021 | -8.35% Apr 20, 2022 - Jun 7, 2022 |
| #12 | -2.29% Sep 22, 2011 - Dec 14, 2011 | -7.35% Nov 26, 2014 - Dec 26, 2014 |
| #13 | -1.72% Sep 3, 2019 - Jan 6, 2020 | -7.09% Jun 15, 2021 - Oct 19, 2021 |
| #14 | -1.72% Oct 15, 2014 - Dec 12, 2014 | -6.72% Oct 20, 2021 - Jan 7, 2022 |
| #15 | -1.58% Feb 2, 2012 - Apr 13, 2012 | -5.69% Sep 23, 2019 - Dec 24, 2019 |
Correlation
Correlation between PZA and EMLP is 0.62 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2007 - 2026)
PZA vs EMLP dividend yield comparison.
| Year | PZA | EMLP |
|---|---|---|
| 2026 | 1.22% | 0.68% |
| 2025 | 3.55% | 3.18% |
| 2024 | 3.22% | 3.19% |
| 2023 | 2.91% | 3.92% |
| 2022 | 2.68% | 3.15% |
| 2021 | 2.34% | 3.29% |
| 2020 | 2.44% | 4.70% |
| 2019 | 2.81% | 3.71% |
| 2018 | 3.19% | 4.71% |
| 2017 | 3.04% | 3.80% |
| 2016 | 3.23% | 3.62% |
| 2015 | 3.59% | 4.63% |
| 2014 | 3.96% | 3.08% |
| 2013 | 4.27% | 3.30% |
| 2012 | 4.11% | 1.20% |
| 2011 | 4.48% | 0.00% |
| 2010 | 4.90% | 0.00% |
| 2009 | 4.68% | 0.00% |
| 2008 | 5.07% | 0.00% |
| 2007 | 0.93% | 0.00% |
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