PZT vs WEA
Comparison between INVESCO NEW YORK AMT-FREE MUNICIPAL BOND ETF (PZT, ETF) and Western Asset Premier Bond Fund (WEA, ETF).
5-Year PerformanceWEA has outperformed PZT, delivering a return of +1.2% compared to -0.3%
PZT vs WEA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
PZT vs WEA - Historical Returns
Returns include dividend reinvestment.
PZT vs WEA - Annual Returns (2002 - 2026)
Returns include dividend reinvestment.
| Year | PZT | WEA |
|---|---|---|
| 2026 | +2.39% | -1.70% |
| 2025 | +1.01% | +10.62% |
| 2024 | +1.65% | +8.11% |
| 2023 | +7.35% | +11.37% |
| 2022 | -12.87% | -19.85% |
| 2021 | +2.53% | +7.94% |
| 2020 | +5.60% | +2.69% |
| 2019 | +8.88% | +29.73% |
| 2018 | -0.34% | -7.09% |
| 2017 | +5.69% | +12.90% |
| 2016 | +1.19% | +14.58% |
| 2015 | +2.75% | -4.77% |
| 2014 | +15.43% | +2.85% |
| 2013 | -6.92% | -1.11% |
| 2012 | +7.13% | +5.40% |
| 2011 | +12.45% | +23.20% |
| 2010 | +0.02% | +15.97% |
| 2009 | +16.86% | +60.16% |
| 2008 | -13.72% | -26.27% |
| 2007 | +1.19% | -6.57% |
| 2006 | N/A | +19.32% |
| 2005 | N/A | -6.94% |
| 2004 | N/A | +11.88% |
| 2003 | N/A | +23.03% |
| 2002 | N/A | +1.64% |
PZT vs WEA Drawdown Comparison
The maximum drawdown for PZT was -22.71%, occurring on Oct 16, 2008. Recovery took 422 trading sessions.
The maximum drawdown for WEA was -57.59%, occurring on Nov 21, 2008. Recovery took 575 trading sessions.
The current PZT drawdown is -1.85%. The current WEA drawdown is -3.26%.
| Rank | PZT | WEA |
|---|---|---|
| #1 | -22.71% Jan 16, 2008 - Sep 18, 2009 | -57.59% Jun 5, 2007 - Sep 15, 2009 |
| #2 | -19.13% Jul 19, 2021 - Oct 26, 2022 | -37.81% Feb 19, 2020 - Dec 17, 2020 |
| #3 | -16.55% Mar 9, 2020 - Aug 5, 2020 | -30.30% Jul 23, 2021 - Aug 25, 2025 |
| #4 | -12.33% Nov 30, 2012 - May 29, 2014 | -19.61% May 7, 2013 - Jan 29, 2015 |
| #5 | -10.45% Sep 27, 2010 - Aug 9, 2011 | -17.74% Feb 17, 2015 - Jun 27, 2016 |
| #6 | -7.34% Jul 5, 2016 - Nov 7, 2017 | -15.89% Jul 8, 2011 - Sep 14, 2011 |
| #7 | -4.19% Oct 6, 2009 - Apr 21, 2010 | -15.20% Feb 15, 2005 - Sep 6, 2005 |
| #8 | -3.41% Dec 29, 2017 - Jan 2, 2019 | -13.78% Mar 23, 2004 - Sep 28, 2004 |
| #9 | -3.33% Feb 12, 2021 - Jun 3, 2021 | -12.47% Sep 14, 2011 - Dec 13, 2011 |
| #10 | -2.94% Jan 30, 2015 - Oct 16, 2015 | -12.46% Sep 6, 2005 - Feb 3, 2006 |
| #11 | -2.55% Aug 7, 2020 - Nov 19, 2020 | -12.32% Jun 19, 2002 - Jan 21, 2003 |
| #12 | -2.31% Sep 23, 2011 - Dec 7, 2011 | -11.64% Oct 26, 2012 - Jan 14, 2013 |
| #13 | -2.02% Sep 3, 2019 - Jan 6, 2020 | -10.79% Aug 29, 2016 - Feb 16, 2017 |
| #14 | -1.86% Oct 22, 2007 - Dec 11, 2007 | -10.45% Jul 9, 2003 - Dec 10, 2003 |
| #15 | -1.67% Jan 31, 2012 - Apr 23, 2012 | -10.25% Nov 7, 2017 - Mar 21, 2019 |
Correlation
Correlation between PZT and WEA is 0.97 which considered as a very strong positive correlation - the stocks move almost identically together.
Dividend Comparison (2002 - 2026)
PZT vs WEA dividend yield comparison.
| Year | PZT | WEA |
|---|---|---|
| 2026 | 1.54% | 3.30% |
| 2025 | 3.43% | 7.62% |
| 2024 | 3.04% | 7.80% |
| 2023 | 2.82% | 7.44% |
| 2022 | 2.66% | 7.44% |
| 2021 | 2.77% | 5.53% |
| 2020 | 2.55% | 5.59% |
| 2019 | 2.73% | 5.37% |
| 2018 | 3.01% | 6.49% |
| 2017 | 2.94% | 6.26% |
| 2016 | 3.36% | 7.93% |
| 2015 | 3.40% | 8.88% |
| 2014 | 3.75% | 7.78% |
| 2013 | 4.18% | 7.85% |
| 2012 | 4.00% | 8.46% |
| 2011 | 4.25% | 9.34% |
| 2010 | 4.82% | 10.26% |
| 2009 | 4.58% | 9.57% |
| 2008 | 5.06% | 12.94% |
| 2007 | 0.94% | 9.33% |
| 2006 | 0.00% | 8.50% |
| 2005 | 0.00% | 8.73% |
| 2004 | 0.00% | 7.90% |
| 2003 | 0.00% | 8.96% |
| 2002 | 0.00% | 6.78% |
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