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