PZA vs TDIV
Comparison between INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF (PZA, ETF) and FIRST TRUST NASDAQ TECHNOLOGY DIVIDEND INDEX FUND (TDIV, ETF).
5-Year PerformanceTDIV has outperformed PZA, delivering a return of +16.8% compared to -0.5%
PZA vs TDIV - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PZA vs TDIV - Historical Returns
Returns include dividend reinvestment.
PZA vs TDIV - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | PZA | TDIV |
|---|---|---|
| 2026 | +0.29% | +18.74% |
| 2025 | +1.38% | +25.23% |
| 2024 | +0.81% | +26.42% |
| 2023 | +7.75% | +36.86% |
| 2022 | -13.00% | -23.15% |
| 2021 | +2.26% | +31.03% |
| 2020 | +4.91% | +15.75% |
| 2019 | +8.48% | +32.74% |
| 2018 | +0.07% | -4.28% |
| 2017 | +6.78% | +20.89% |
| 2016 | +0.62% | +21.22% |
| 2015 | +3.65% | -6.34% |
| 2014 | +15.05% | +17.17% |
| 2013 | -6.96% | +26.27% |
| 2012 | +9.84% | -2.06% |
| 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 TDIV Drawdown Comparison
The maximum drawdown for PZA was -24.48%, occurring on Oct 15, 2008. Recovery took 416 trading sessions.
The maximum drawdown for TDIV was -31.97%, occurring on Oct 12, 2022. Recovery took 486 trading sessions.
The current PZA drawdown is -2.95%. The current TDIV drawdown is -10.35%.
| Rank | PZA | TDIV |
|---|---|---|
| #1 | -24.48% Jan 17, 2008 - Sep 11, 2009 | -31.97% Jan 4, 2022 - Dec 11, 2023 |
| #2 | -21.69% Mar 9, 2020 - Dec 7, 2020 | -31.59% Feb 12, 2020 - Aug 28, 2020 |
| #3 | -18.55% Jul 19, 2021 - Oct 25, 2022 | -23.00% Feb 20, 2025 - Jun 5, 2025 |
| #4 | -12.46% Nov 30, 2012 - Jul 14, 2014 | -18.49% Oct 3, 2018 - Mar 15, 2019 |
| #5 | -11.77% May 10, 2010 - Aug 3, 2011 | -18.41% Feb 24, 2015 - Jul 12, 2016 |
| #6 | -7.07% Jul 8, 2016 - Aug 29, 2017 | -16.34% Jun 2, 2026 - Jul 29, 2026 |
| #7 | -4.07% Oct 1, 2009 - Apr 27, 2010 | -12.13% Apr 23, 2019 - Jul 23, 2019 |
| #8 | -3.43% Feb 2, 2015 - Nov 19, 2015 | -11.43% Jul 16, 2024 - Sep 24, 2024 |
| #9 | -2.99% Dec 29, 2017 - Jan 2, 2019 | -10.72% Oct 28, 2025 - Apr 16, 2026 |
| #10 | -2.99% Oct 24, 2007 - Jan 2, 2008 | -10.54% Sep 2, 2020 - Nov 16, 2020 |
| #11 | -2.80% Feb 10, 2021 - May 28, 2021 | -10.17% Jan 26, 2018 - Mar 9, 2018 |
| #12 | -2.29% Sep 22, 2011 - Dec 14, 2011 | -9.71% Sep 14, 2012 - Jan 14, 2013 |
| #13 | -1.72% Sep 3, 2019 - Jan 6, 2020 | -9.36% Sep 18, 2014 - Nov 18, 2014 |
| #14 | -1.72% Oct 15, 2014 - Dec 12, 2014 | -8.90% Jul 24, 2019 - Oct 28, 2019 |
| #15 | -1.58% Feb 2, 2012 - Apr 13, 2012 | -8.25% Mar 12, 2018 - Aug 24, 2018 |
Correlation
Correlation between PZA and TDIV is 0.76 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2007 - 2026)
PZA vs TDIV dividend yield comparison.
| Year | PZA | TDIV |
|---|---|---|
| 2026 | 2.21% | 0.64% |
| 2025 | 3.55% | 1.40% |
| 2024 | 3.22% | 1.59% |
| 2023 | 2.91% | 1.74% |
| 2022 | 2.68% | 2.51% |
| 2021 | 2.34% | 1.76% |
| 2020 | 2.44% | 2.07% |
| 2019 | 2.81% | 2.27% |
| 2018 | 3.19% | 2.97% |
| 2017 | 3.04% | 2.27% |
| 2016 | 3.23% | 2.45% |
| 2015 | 3.59% | 2.52% |
| 2014 | 3.96% | 2.80% |
| 2013 | 4.27% | 2.31% |
| 2012 | 4.11% | 1.04% |
| 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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