PZA vs FEZ
Comparison between INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF (PZA, ETF) and STATE STREET(R) SPDR(R) EURO STOXX 50(R) ETF (FEZ, ETF).
5-Year PerformanceFEZ has outperformed PZA, delivering a return of +11.4% compared to -0.2%
PZA vs FEZ - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PZA vs FEZ - Historical Returns
Returns include dividend reinvestment.
PZA vs FEZ - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | PZA | FEZ |
|---|---|---|
| 2026 | +2.44% | +6.51% |
| 2025 | +1.38% | +39.20% |
| 2024 | +0.81% | +5.07% |
| 2023 | +7.75% | +25.34% |
| 2022 | -13.00% | -15.04% |
| 2021 | +2.26% | +13.98% |
| 2020 | +4.91% | +3.65% |
| 2019 | +8.48% | +26.61% |
| 2018 | +0.07% | -16.22% |
| 2017 | +6.78% | +24.52% |
| 2016 | +0.62% | +2.82% |
| 2015 | +3.65% | -3.89% |
| 2014 | +15.05% | -7.00% |
| 2013 | -6.96% | +24.54% |
| 2012 | +9.84% | +18.46% |
| 2011 | +13.58% | -17.11% |
| 2010 | -0.41% | -11.00% |
| 2009 | +17.92% | +23.23% |
| 2008 | -12.12% | -42.88% |
| 2007 | +0.75% | +19.59% |
| 2006 | N/A | +27.55% |
| 2005 | N/A | +8.91% |
| 2004 | N/A | +16.62% |
| 2003 | N/A | +37.66% |
| 2002 | N/A | +0.24% |
PZA vs FEZ Drawdown Comparison
The maximum drawdown for PZA was -24.48%, occurring on Oct 15, 2008. Recovery took 416 trading sessions.
The maximum drawdown for FEZ was -64.21%, occurring on Mar 9, 2009. Recovery took 3279 trading sessions.
The current PZA drawdown is -0.87%. The current FEZ drawdown is -1.61%.
| Rank | PZA | FEZ |
|---|---|---|
| #1 | -24.48% Jan 17, 2008 - Sep 11, 2009 | -64.21% Dec 10, 2007 - Dec 17, 2020 |
| #2 | -21.69% Mar 9, 2020 - Dec 7, 2020 | -35.07% Nov 5, 2021 - Jun 16, 2023 |
| #3 | -18.55% Jul 19, 2021 - Oct 25, 2022 | -23.13% Jan 6, 2003 - May 5, 2003 |
| #4 | -12.46% Nov 30, 2012 - Jul 14, 2014 | -15.85% Mar 19, 2025 - May 2, 2025 |
| #5 | -11.77% May 10, 2010 - Aug 3, 2011 | -14.35% Jul 13, 2023 - Dec 13, 2023 |
| #6 | -7.07% Jul 8, 2016 - Aug 29, 2017 | -14.10% Feb 17, 2004 - Nov 3, 2004 |
| #7 | -4.07% Oct 1, 2009 - Apr 27, 2010 | -13.64% May 5, 2006 - Aug 18, 2006 |
| #8 | -3.43% Feb 2, 2015 - Nov 19, 2015 | -13.63% Feb 25, 2026 - Jun 15, 2026 |
| #9 | -2.99% Dec 29, 2017 - Jan 2, 2019 | -11.95% Jul 12, 2007 - Oct 1, 2007 |
| #10 | -2.99% Oct 24, 2007 - Jan 2, 2008 | -11.48% Sep 26, 2024 - Feb 12, 2025 |
| #11 | -2.80% Feb 10, 2021 - May 28, 2021 | -9.62% May 15, 2024 - Sep 26, 2024 |
| #12 | -2.29% Sep 22, 2011 - Dec 14, 2011 | -9.17% Mar 10, 2005 - Aug 3, 2005 |
| #13 | -1.72% Sep 3, 2019 - Jan 6, 2020 | -8.37% Feb 26, 2007 - Apr 3, 2007 |
| #14 | -1.72% Oct 15, 2014 - Dec 12, 2014 | -7.88% Jun 15, 2021 - Nov 3, 2021 |
| #15 | -1.58% Feb 2, 2012 - Apr 13, 2012 | -7.69% Nov 22, 2002 - Jan 6, 2003 |
Correlation
Correlation between PZA and FEZ is 0.69 which considered as a moderate positive correlation - the stocks show some tendency to move together.
Dividend Comparison (2003 - 2026)
PZA vs FEZ dividend yield comparison.
| Year | PZA | FEZ |
|---|---|---|
| 2026 | 1.84% | 1.76% |
| 2025 | 3.55% | 2.78% |
| 2024 | 3.22% | 2.94% |
| 2023 | 2.91% | 2.75% |
| 2022 | 2.68% | 3.06% |
| 2021 | 2.34% | 2.61% |
| 2020 | 2.44% | 2.13% |
| 2019 | 2.81% | 2.61% |
| 2018 | 3.19% | 3.45% |
| 2017 | 3.04% | 2.44% |
| 2016 | 3.23% | 3.35% |
| 2015 | 3.59% | 3.03% |
| 2014 | 3.96% | 3.78% |
| 2013 | 4.27% | 2.72% |
| 2012 | 4.11% | 3.64% |
| 2011 | 4.48% | 5.22% |
| 2010 | 4.90% | 3.36% |
| 2009 | 4.68% | 3.11% |
| 2008 | 5.07% | 5.71% |
| 2007 | 0.93% | 4.15% |
| 2006 | 0.00% | 2.43% |
| 2005 | 0.00% | 2.34% |
| 2004 | 0.00% | 2.07% |
| 2003 | 0.00% | 1.89% |
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