PZA vs XME
Comparison between INVESCO NATIONAL AMT-FREE MUNICIPAL BOND ETF (PZA, ETF) and STATE STREET(R) SPDR(R) S&P(R) METALS & MINING ETF (XME, ETF).
5-Year PerformanceXME has outperformed PZA, delivering a return of +20.6% compared to -0.2%
PZA vs XME - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PZA vs XME - Historical Returns
Returns include dividend reinvestment.
PZA vs XME - Annual Returns (2006 - 2026)
Returns include dividend reinvestment.
| Year | PZA | XME |
|---|---|---|
| 2026 | +2.44% | -3.90% |
| 2025 | +1.38% | +80.66% |
| 2024 | +0.81% | -3.73% |
| 2023 | +7.75% | +23.21% |
| 2022 | -13.00% | +11.23% |
| 2021 | +2.26% | +34.10% |
| 2020 | +4.91% | +16.49% |
| 2019 | +8.48% | +12.72% |
| 2018 | +0.07% | -29.34% |
| 2017 | +6.78% | +18.51% |
| 2016 | +0.62% | +105.61% |
| 2015 | +3.65% | -50.54% |
| 2014 | +15.05% | -26.28% |
| 2013 | -6.96% | -7.92% |
| 2012 | +9.84% | -11.48% |
| 2011 | +13.58% | -29.56% |
| 2010 | -0.41% | +28.14% |
| 2009 | +17.92% | +73.23% |
| 2008 | -12.12% | -59.53% |
| 2007 | +0.75% | +45.96% |
| 2006 | N/A | +9.79% |
PZA vs XME Drawdown Comparison
The maximum drawdown for PZA was -24.48%, occurring on Oct 15, 2008. Recovery took 416 trading sessions.
The maximum drawdown for XME was -85.89%, occurring on Jan 19, 2016. Recovery took 4288 trading sessions.
The current PZA drawdown is -0.87%. The current XME drawdown is -22.25%.
| Rank | PZA | XME |
|---|---|---|
| #1 | -24.48% Jan 17, 2008 - Sep 11, 2009 | -85.89% Jun 30, 2008 - Jul 17, 2025 |
| #2 | -21.69% Mar 9, 2020 - Dec 7, 2020 | -23.20% Jun 2, 2026 - Jul 8, 2026 |
| #3 | -18.55% Jul 19, 2021 - Oct 25, 2022 | -22.60% Jan 23, 2026 - Jun 2, 2026 |
| #4 | -12.46% Nov 30, 2012 - Jul 14, 2014 | -21.82% Jul 13, 2007 - Oct 26, 2007 |
| #5 | -11.77% May 10, 2010 - Aug 3, 2011 | -21.79% Jul 3, 2006 - Nov 29, 2006 |
| #6 | -7.07% Jul 8, 2016 - Aug 29, 2017 | -19.74% Oct 14, 2025 - Jan 5, 2026 |
| #7 | -4.07% Oct 1, 2009 - Apr 27, 2010 | -18.81% Dec 10, 2007 - Feb 19, 2008 |
| #8 | -3.43% Feb 2, 2015 - Nov 19, 2015 | -14.81% Feb 28, 2008 - Apr 4, 2008 |
| #9 | -2.99% Dec 29, 2017 - Jan 2, 2019 | -12.14% Oct 26, 2007 - Dec 7, 2007 |
| #10 | -2.99% Oct 24, 2007 - Jan 2, 2008 | -11.61% Dec 7, 2006 - Feb 1, 2007 |
| #11 | -2.80% Feb 10, 2021 - May 28, 2021 | -10.16% Feb 26, 2007 - Mar 22, 2007 |
| #12 | -2.29% Sep 22, 2011 - Dec 14, 2011 | -9.49% Jun 1, 2007 - Jul 13, 2007 |
| #13 | -1.72% Sep 3, 2019 - Jan 6, 2020 | -8.28% Apr 16, 2008 - May 8, 2008 |
| #14 | -1.72% Oct 15, 2014 - Dec 12, 2014 | -7.64% Jul 23, 2025 - Aug 8, 2025 |
| #15 | -1.58% Feb 2, 2012 - Apr 13, 2012 | -5.53% Jun 9, 2008 - Jun 18, 2008 |
Correlation
Correlation between PZA and XME is 0.21 which considered as a very weak or no correlation - the stocks move independently of each other.
Dividend Comparison (2006 - 2026)
PZA vs XME dividend yield comparison.
| Year | PZA | XME |
|---|---|---|
| 2026 | 1.84% | 0.14% |
| 2025 | 3.55% | 0.38% |
| 2024 | 3.22% | 0.65% |
| 2023 | 2.91% | 1.00% |
| 2022 | 2.68% | 1.64% |
| 2021 | 2.34% | 0.70% |
| 2020 | 2.44% | 0.99% |
| 2019 | 2.81% | 2.43% |
| 2018 | 3.19% | 2.23% |
| 2017 | 3.04% | 1.15% |
| 2016 | 3.23% | 1.02% |
| 2015 | 3.59% | 2.61% |
| 2014 | 3.96% | 2.21% |
| 2013 | 4.27% | 1.32% |
| 2012 | 4.11% | 1.36% |
| 2011 | 4.48% | 0.94% |
| 2010 | 4.90% | 0.89% |
| 2009 | 4.68% | 0.89% |
| 2008 | 5.07% | 1.81% |
| 2007 | 0.93% | 0.59% |
| 2006 | 0.00% | 0.40% |
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