PZA vs GRNY

Comparison between INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF (PZA, ETF) and FUNDSTRAT GRANNY SHOTS US LARGE CAP ETF (GRNY, ETF).

PZA vs GRNY - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PZA(ETF)	GRNY(ETF)
Net Assets	$4.30B	$4.40B
Expense Ratio	0.28%	0.75%
Max Drawdown	27.00%	24.18%
Sharpe Ratio	1.17	0.98
5Y Beta	0.05	1.24
P/E Ratio	N/A	32.62
Forward P/E	N/A	21.34
PEG Ratio	N/A	0.70
5Y Dividends CAGR	6.11%	N/A
5Y EPS CAGR	N/A	20.58%
Debt to Equity	N/A	45.00%
P/S Ratio	N/A	4.69
P/B Ratio	N/A	6.75

Net Assets

PZA

$4.30B

Winner

GRNY

$4.40B

Expense Ratio

Winner

PZA

0.28%

GRNY

0.75%

Max Drawdown

PZA

27.00%

Winner

GRNY

24.18%

Sharpe Ratio

Winner

PZA

1.17

GRNY

0.98

5Y Beta

Winner

PZA

0.05

GRNY

1.24

P/E Ratio

PZA

N/A

GRNY

32.62

Forward P/E

PZA

N/A

GRNY

21.34

PEG Ratio

PZA

N/A

GRNY

0.70

5Y Dividends CAGR

PZA

6.11%

GRNY

N/A

5Y EPS CAGR

PZA

N/A

GRNY

20.58%

Debt to Equity

PZA

N/A

GRNY

45.00%

P/S Ratio

PZA

N/A

GRNY

4.69

P/B Ratio

PZA

N/A

GRNY

6.75

PZA vs GRNY - Historical Returns

Returns include dividend reinvestment.

Period	PZA	GRNY
1 month	+0.27%	+0.94%
3 months	+1.42%	+8.35%
6 months	+2.00%	+8.14%
1 year	+9.20%	+22.16%
5 years(CAGR)	-0.16%	N/A
10 years(CAGR)	+1.76%	N/A
Max(CAGR)	+3.24%	+21.22%

PZA

+0.27%

Winner

GRNY

+0.94%

PZA

+1.42%

Winner

GRNY

+8.35%

PZA

+2.00%

Winner

GRNY

+8.14%

PZA

+9.20%

Winner

GRNY

+22.16%

5Y(CAGR)

PZA

-0.16%

GRNY

N/A

10Y(CAGR)

PZA

+1.76%

GRNY

N/A

Max(CAGR)

PZA

+3.24%

Winner

GRNY

+21.22%

PZA vs GRNY - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	PZA	GRNY
2026	+2.44%	+11.65%
2025	+1.38%	+24.36%
2024	+0.81%	-1.09%
2023	+7.75%	N/A
2022	-13.00%	N/A
2021	+2.26%	N/A
2020	+4.91%	N/A
2019	+8.48%	N/A
2018	+0.07%	N/A
2017	+6.78%	N/A
2016	+0.62%	N/A
2015	+3.65%	N/A
2014	+15.05%	N/A
2013	-6.96%	N/A
2012	+9.84%	N/A
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 GRNY Drawdown Comparison

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

The maximum drawdown for GRNY was -24.18%, occurring on Apr 8, 2025. Recovery took 93 trading sessions.

The current PZA drawdown is -0.87%. The current GRNY drawdown is -0.29%.

Rank	PZA	GRNY
#1	-24.48% Jan 17, 2008 - Sep 11, 2009	-24.18% Jan 23, 2025 - Jun 6, 2025
#2	-21.69% Mar 9, 2020 - Dec 7, 2020	-11.63% Oct 29, 2025 - Apr 17, 2026
#3	-18.55% Jul 19, 2021 - Oct 25, 2022	-6.54% Dec 6, 2024 - Jan 22, 2025
#4	-12.46% Nov 30, 2012 - Jul 14, 2014	-4.79% Jun 4, 2026 - Jul 6, 2026
#5	-11.77% May 10, 2010 - Aug 3, 2011	-3.80% Aug 12, 2025 - Sep 10, 2025
#6	-7.07% Jul 8, 2016 - Aug 29, 2017	-3.51% Oct 9, 2025 - Oct 24, 2025
#7	-4.07% Oct 1, 2009 - Apr 27, 2010	-3.24% Nov 11, 2024 - Nov 26, 2024
#8	-3.43% Feb 2, 2015 - Nov 19, 2015	-3.12% May 14, 2026 - May 26, 2026
#9	-2.99% Dec 29, 2017 - Jan 2, 2019	-2.87% Jul 28, 2025 - Aug 8, 2025
#10	-2.99% Oct 24, 2007 - Jan 2, 2008	-2.65% Sep 22, 2025 - Oct 6, 2025
#11	-2.80% Feb 10, 2021 - May 28, 2021	-2.02% Apr 24, 2026 - May 1, 2026
#12	-2.29% Sep 22, 2011 - Dec 14, 2011	-1.59% May 6, 2026 - May 11, 2026
#13	-1.72% Sep 3, 2019 - Jan 6, 2020	-1.54% Jul 6, 2026 - Jul 8, 2026
#14	-1.72% Oct 15, 2014 - Dec 12, 2014	-1.32% Jun 30, 2025 - Jul 3, 2025
#15	-1.58% Feb 2, 2012 - Apr 13, 2012	-1.31% Jul 3, 2025 - Jul 14, 2025

Correlation

Correlation between PZA and GRNY is 0.64 which considered as a moderate positive correlation - the stocks show some tendency to move together.

0.64

-101

Dividend Comparison (2007 - 2026)

PZA vs GRNY dividend yield comparison.

Year	PZA	GRNY
2026	1.84%	0.07%
2025	3.55%	0.00%
2024	3.22%	0.00%
2023	2.91%	0.00%
2022	2.68%	0.00%
2021	2.34%	0.00%
2020	2.44%	0.00%
2019	2.81%	0.00%
2018	3.19%	0.00%
2017	3.04%	0.00%
2016	3.23%	0.00%
2015	3.59%	0.00%
2014	3.96%	0.00%
2013	4.27%	0.00%
2012	4.11%	0.00%
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%