{"url":"https://etfiq.com/compare/any/flmi-vs-pza","section":"compare","title":"FLMI vs PZA: Differences, Returns & Fees | ETFIQ","description":"FLMI and PZA side by side to Oct 9, 2026: one-year total return \u22121.9% against \u22124.4%, expense ratio 0.30% against 0.28%.","as_of":"Oct 9, 2026","structured_data":[{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Which returned more over the last year, FLMI or PZA?","acceptedAnswer":{"@type":"Answer","text":"In the year to Oct 9, 2026, with distributions reinvested, FLMI returned \u22121.9% and PZA \u22124.4%."}},{"@type":"Question","name":"Which is cheaper, FLMI or PZA?","acceptedAnswer":{"@type":"Answer","text":"PZA is cheaper, by 0.02 percentage points a year. That is about $2 on $10,000 held for a year. Fees come from each fund's prospectus."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":3,"name":"FLMI vs PZA","item":"https://etfiq.com/compare/any/flmi-vs-pza"}]},{"@type":"WebPage","name":"FLMI vs PZA: Differences, Returns & Fees","description":"FLMI and PZA side by side to Oct 9, 2026: one-year total return \u22121.9% against \u22124.4%, expense ratio 0.30% against 0.28%.","url":"https://etfiq.com/compare/any/flmi-vs-pza","dateModified":"2026-10-09","speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".lede",".faq"]},"isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"}},{"@type":"Dataset","name":"ETFIQ comparison of FLMI and PZA","description":"FLMI and PZA side by side to Oct 9, 2026: one-year total return \u22121.9% against \u22124.4%, expense ratio 0.30% against 0.28%.","dateModified":"2026-10-09","creator":{"@id":"https://etfiq.com/#org"},"license":"https://etfiq.com/license/","isAccessibleForFree":true,"url":"https://etfiq.com/compare/any/flmi-vs-pza","publisher":{"@id":"https://etfiq.com/#org"},"inLanguage":"en","creativeWorkStatus":"Published","distribution":[{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/alternatives.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/core.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/crypto.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/funds.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/income.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/leverage.json"},{"@type":"DataDownload","encodingFormat":"application/json","contentUrl":"https://etfiq.com/data/thematic.json"}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Compare ETFs","item":"https://etfiq.com/compare/"},{"@type":"ListItem","position":3,"name":"FLMI vs PZA","item":"https://etfiq.com/compare/any/flmi-vs-pza"}]},{"@type":"WebPage","name":"FLMI vs PZA: Differences, Returns & Fees","description":"FLMI and PZA side by side to Oct 9, 2026: one-year total return \u22121.9% against \u22124.4%, expense ratio 0.30% against 0.28%.","url":"https://etfiq.com/compare/any/flmi-vs-pza","dateModified":"2026-10-09","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".verdict",".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":5874,"truncated":true,"content":"ETFIQ / Compare ETFs / FLMI vs PZA \n \n Data as of Oct 9, 2026.\n ETFIQ etfiq.com \u00b7 independent ETF data \n FLMI vs PZA: Differences, Returns & Fees\n FLMI's duration was 6.8 years on Jun 30, 2026 and PZA's 8.6 on May 31, 2026; PZA charges 0.28% to FLMI's 0.30%.\n Copy this for sharing \n PZA costs 0.02 points a year less; their one-year returns differ by 2.5 points; PZA is 1.8 times larger.\n FLMI and PZA at a glance. As of Oct 9, 2026. Source: ETFIQ. FLMI PZA \n Expense ratio 0.30% 0.28% \n Net assets $2.3bn $4.0bn \n Total return, 1 year \u22121.9% \u22124.4% \n What it tracks No index, actively managed not rea","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, FLMI against PZA, data as of Oct 9, 2026. https://etfiq.com/compare/any/flmi-vs-pza","a":{"ticker":"FLMI","name":"Franklin Dynamic Municipal Bond ETF","issuer":"Franklin","desk":"core","as_of":"2026-10-09","verdict":"FLMI is actively managed and returned \u22121.9% over the past year.","url":"https://etfiq.com/funds/flmi","key_facts":[{"label":"Total return, 1 year","value":"\u22121.9%","as_of":"2026-10-09","source":null},{"label":"Expense ratio","value":"0.30%","as_of":"2026-10-09","source":null},{"label":"Holdings","value":"1336","as_of":"2026-10-09","source":null},{"label":"Below its high","value":"\u22126.3%","as_of":"2026-10-09","source":null},{"label":"12-month yield: cash paid, 1 year, on its starting price","value":"4.0%","as_of":"2026-10-09","source":null},{"label":"Last payment (paid monthly), ex-date Oct 1, 2026","value":"$0.0906","as_of":"2026-10-09","source":null},{"label":"Net assets","value":"$2.3bn","as_of":"2026-10-09","source":"issuer page, as of Oct 9, 2026"}]},"b":{"ticker":"PZA","name":"Invesco National AMT-Free Municipal Bond ETF","issuer":"Invesco","desk":"core","as_of":"2026-10-09","verdict":"PZA tracks an index and returned \u22124.4% over the past year.","url":"https://etfiq.com/funds/pza","key_facts":[{"label":"Total return, 1 year","value":"\u22124.4%","as_of":"2026-10-09","source":null},{"label":"Expense ratio","value":"0.28%","as_of":"2026-10-09","source":null},{"label":"Holdings","value":"7334","as_of":"2026-10-09","source":null},{"label":"Below its high","value":"\u22128.7%","as_of":"2026-10-09","source":null},{"label":"12-month yield: cash paid, 1 year, on its starting price","value":"3.8%","as_of":"2026-10-09","source":null},{"label":"Last payment (paid monthly), ex-date Sep 21, 2026","value":"$0.0748","as_of":"2026-10-09","source":null},{"label":"Net assets","value":"$4.0bn","as_of":"2026-10-09","source":"issuer page, as of Oct 9, 2026"}]},"overlap_pct":1,"full_text_at":"https://etfiq.com/compare/any/flmi-vs-pza"}