{
  "page": "compare",
  "query": {
    "a": "PWZ",
    "b": "VTEC"
  },
  "retrieved_at": "2026-07-07T17:04:33+00:00",
  "disclaimer": "Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them.",
  "attribution": "Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC.",
  "terms": {
    "notice": "Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed.",
    "url": "https://fundwatcher.app/terms/"
  },
  "fund_a": {
    "name": "Invesco California AMT-Free Municipal Bond ETF",
    "ticker": "PWZ",
    "slug": "PWZ",
    "series_id": "S000019411",
    "html_url": "https://fundwatcher.app/funds/PWZ/"
  },
  "fund_b": {
    "name": "VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF",
    "ticker": "VTEC",
    "slug": "VTEC",
    "series_id": "S000083730",
    "html_url": "https://fundwatcher.app/funds/VTEC/"
  },
  "overlap": {
    "coverage_a_by_b": "0.2667663155811404602711614377",
    "coverage_b_by_a": "0.2667663155811404602711614378",
    "shared_count": 771,
    "as_of": {
      "a": "2026-02-28",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "CALIFORNIA ST HLTH FACS FING AUTH REVENUE",
        "value": "8557979.46",
        "weight": "0.00796465",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST HLTH FACS FING A CASMED 08/48 FIXED 4",
        "value": "7583381.78",
        "weight": "0.00705763",
        "shared": false
      },
      {
        "name": "UNIV OF CA REGENTS -P",
        "value": "7170052.44",
        "weight": "0.00667295",
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      },
      {
        "name": "CALIFORNIA ST EDUCTNL FACS AUTH REVENUE",
        "value": "6721440.25",
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      {
        "name": "CALIFORNIA ST EDUCTNL",
        "value": "6239279.49",
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      },
      {
        "name": "UNIV OF CA REGENTS -P",
        "value": "5884337.37",
        "weight": "0.00547638",
        "shared": false
      },
      {
        "name": "Los Angeles Unified School District, Series 2020 RYQ, GO Bonds",
        "value": "5630129.50",
        "weight": "0.00523979",
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      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 04-01-49",
        "value": "5158649.92",
        "weight": "0.00480100",
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      {
        "name": "San Diego Community College District, Series A-1",
        "value": "4933473.30",
        "weight": "0.00459144",
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      {
        "name": "California (State of) Educational Facilities Authority (Stanford University), Series 2014 U-6, RB",
        "value": "4893099.45",
        "weight": "0.00455386",
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      },
      {
        "name": "Toll Road Sr Lien Refunding RB Series 2021A",
        "value": "4753978.20",
        "weight": "0.00442438",
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      },
      {
        "name": "State of California 5.00% 03/01/2055",
        "value": "4604047.15",
        "weight": "0.00428485",
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      },
      {
        "name": "SAN FRANCISCO-REV-C",
        "value": "4568430.87",
        "weight": "0.00425170",
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      },
      {
        "name": "SAN FRANCISCO PUB-D",
        "value": "4542565.75",
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      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES UNVHGR 05/52 FIXED 5",
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      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES",
        "value": "4117262.05",
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      },
      {
        "name": "SAN DIEGO USD-I",
        "value": "3978758.44",
        "weight": "0.00370291",
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      },
      {
        "name": "KAISER FOUNDATION HOSPITALS 5.0% 11-01-47",
        "value": "3867104.45",
        "weight": "0.00359900",
        "shared": false
      },
      {
        "name": "California (State of) Educational Facilities Authority (Stanford University), Series 2013 U-3, RB",
        "value": "3734932.53",
        "weight": "0.00347599",
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      },
      {
        "name": "Bay Area Toll Authority, Series 2017S-7",
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        "name": "San Diego Unified School District, Series 2023G-3",
        "value": "3535738.45",
        "weight": "0.00329061",
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      {
        "name": "State of California 5.25% 09/01/2053",
        "value": "3528958.93",
        "weight": "0.00328430",
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      {
        "name": "STATE OF CALIFORNIA 5.0% 03-01-49",
        "value": "3524521.65",
        "weight": "0.00328017",
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      },
      {
        "name": "LELAND STANFORD JUNIOR UNIVERSITY 5.0% 06-01-46",
        "value": "3369254.33",
        "weight": "0.00313566",
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      },
      {
        "name": "Los Angeles Unified School District, Series 2023QRR",
        "value": "3341409.23",
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      {
        "name": "CA ST HLTH FACS-A-REF",
        "value": "3319592.60",
        "weight": "0.00308944",
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      {
        "name": "CA ST UNIV-A-REF",
        "value": "3278104.59",
        "weight": "0.00305083",
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      {
        "name": "SAN FRANCISCO BAY-D1",
        "value": "3269999.02",
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      {
        "name": "CA ST UNIV TRUSTEES-A",
        "value": "3230297.75",
        "weight": "0.00300634",
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      {
        "name": "LOS ANGELES CA DEPT OF ARPTS ARPT REVENUE",
        "value": "3157128.06",
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      {
        "name": "SAN DIEGO UNIF SD-C-3",
        "value": "3074820.89",
        "weight": "0.00286164",
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      },
      {
        "name": "San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2017 B, RB",
        "value": "3023047.89",
        "weight": "0.00281346",
        "shared": true
      },
      {
        "name": "Fremont Union High School District, Series 2019 A, GO Bonds",
        "value": "3002872.20",
        "weight": "0.00279468",
        "shared": true
      },
      {
        "name": "SAN JOAQUIN TRANS-A",
        "value": "2868284.05",
        "weight": "0.00266943",
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      },
      {
        "name": "San Diego Community College District, Series A-1",
        "value": "2864555.23",
        "weight": "0.00266596",
        "shared": true
      },
      {
        "name": "Mt. San Antonio Community College District (Election of 2008), Series 2019 A, GO Bonds",
        "value": "2855757.55",
        "weight": "0.00265777",
        "shared": true
      },
      {
        "name": "FOLSOM CORDOVA USD-D",
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        "weight": "0.00265071",
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      },
      {
        "name": "San Francisco Community College District (Election of 2020), Series 2020 A, GO Bonds",
        "value": "2830438.08",
        "weight": "0.00263420",
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      {
        "name": "CA ST PUB WKS BRD-A",
        "value": "2802994.18",
        "weight": "0.00260866",
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      {
        "name": "Municipal Improvement Corp. of Los Angeles, Series A",
        "value": "2775429.00",
        "weight": "0.00258301",
        "shared": true
      },
      {
        "name": "Oxnard Union High School District, Ventura County, California, General Obligation Bonds, Election 2018 Series 2022C",
        "value": "2760899.32",
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        "shared": true
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      {
        "name": "SAN FRANCISCO W 5.25% 11/1/2055",
        "value": "2731096.79",
        "weight": "0.00254175",
        "shared": true
      },
      {
        "name": "State of California, Series 2024",
        "value": "2709535.21",
        "weight": "0.00252168",
        "shared": true
      },
      {
        "name": "SAN DIEGO USD A-3",
        "value": "2708636.84",
        "weight": "0.00252085",
        "shared": true
      },
      {
        "name": "SAN MARCOS USD-A",
        "value": "2694480.28",
        "weight": "0.00250767",
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      },
      {
        "name": "California (State of) Health Facilities Financing Authority (Stanford Health Care), Series 2020 A, Ref. RB",
        "value": "2693810.08",
        "weight": "0.00250705",
        "shared": false
      },
      {
        "name": "STHRN CA PUB PWR AUTH",
        "value": "2688668.30",
        "weight": "0.00250226",
        "shared": true
      },
      {
        "name": "STATE OF CALIFORNIA",
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        "weight": "0.00249331",
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      },
      {
        "name": "UNIV OF CA -REF-O",
        "value": "2616221.00",
        "weight": "0.00243484",
        "shared": true
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    ],
    "b_top": [
      {
        "name": "Southern California Public Power Authority, Series A",
        "value": "12900000.00",
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        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
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      {
        "name": "Bay Area Toll Authority, Series 2026A",
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      {
        "name": "Irvine Ranch Water District, Series 2009 A, VRD RB",
        "value": "7025000.00",
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      {
        "name": "LOS ANGELES UNIF SD-A",
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      {
        "name": "LOS ANGELES UNIF SD-A",
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      },
      {
        "name": "Bay Area Toll Authority, Series 2023 A, VRD Ref. RB",
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      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "6498887.63",
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      {
        "name": "Los Angeles Department of Water & Power, Series 2025A",
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        "name": "STATE OF CALIFORNIA 4.0% 03-01-36",
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        "name": "UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000",
        "value": "5398270.88",
        "weight": "0.00248255",
        "shared": false
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      {
        "name": "CALIFORNIA ST EDUCTNL FACS AUTH REVENUE",
        "value": "5264772.16",
        "weight": "0.00242116",
        "shared": true
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      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.50000000",
        "value": "5181982.25",
        "weight": "0.00238309",
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      {
        "name": "E CO AWP JT PWRS-A-1",
        "value": "5131980.25",
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      {
        "name": "STATE OF CALIFORNIA",
        "value": "5127317.08",
        "weight": "0.00235795",
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      {
        "name": "SAN FRANCISCO USD",
        "value": "5004645.00",
        "weight": "0.00230153",
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      {
        "name": "UNIV OF CALIFORNIA CA",
        "value": "4867361.96",
        "weight": "0.00223840",
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      {
        "name": "IRVINE CA IMPT BOND ACT 1915",
        "value": "4800000.00",
        "weight": "0.00220742",
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      },
      {
        "name": "State of California",
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        "weight": "0.00212077",
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      {
        "name": "CALIFORNIA ST EDUCTNL",
        "value": "4248486.69",
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      {
        "name": "BAY AREA TOLL AUTHORITY FRN 04-01-55",
        "value": "4240000.00",
        "weight": "0.00194989",
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      },
      {
        "name": "LOS ANGELES DEPT-C",
        "value": "4196892.66",
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      {
        "name": "UNIV OF CALIFORNIA CA REVENUES",
        "value": "4183063.26",
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      {
        "name": "LOS ANGELES UNIF SD-A",
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      {
        "name": "State of California",
        "value": "4160235.12",
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      },
      {
        "name": "BAY AREA CA TOLL AUTH",
        "value": "4104719.55",
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      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
        "value": "4086396.19",
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      {
        "name": "IRVINE WTR-RF-A1-VAR",
        "value": "3800000.00",
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      },
      {
        "name": "BAY AREA TOLL AUTHORI VAR",
        "value": "3710401.42",
        "weight": "0.00170634",
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      },
      {
        "name": "University of California, Series 2024 BW, Ref. RB",
        "value": "3699673.35",
        "weight": "0.00170140",
        "shared": false
      },
      {
        "name": "Toll Road Sr Lien Refunding RB Series 2021A",
        "value": "3677193.00",
        "weight": "0.00169107",
        "shared": true
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES",
        "value": "3638571.95",
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      {
        "name": "San Francisco (City & County of), CA Airport Commission (San Francisco International Airport), Series 2017 B, RB",
        "value": "3636255.10",
        "weight": "0.00167224",
        "shared": true
      },
      {
        "name": "Anaheim Public Financing Authority, California, Lease Revenue Bonds, Public Improvement Project, Series 1997C",
        "value": "3614939.17",
        "weight": "0.00166244",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST EDUCTNL FACS AUTH REVENUE",
        "value": "3542279.25",
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      },
      {
        "name": "State of California 5.00% 03/01/2055",
        "value": "3528920.95",
        "weight": "0.00162288",
        "shared": true
      },
      {
        "name": "Los Angeles (County of), CA Metropolitan Transportation Authority, Series 2024, GO Bonds",
        "value": "3523651.69",
        "weight": "0.00162046",
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      {
        "name": "STATE OF CALIFORNIA 5.0% 10-01-35",
        "value": "3518668.50",
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      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "3498030.24",
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      },
      {
        "name": "State of California",
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        "name": "STATE OF CALIFORNIA 5.0% 04-01-29",
        "value": "3449275.88",
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      },
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        "name": "State of California, Series 2007",
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      {
        "name": "LOS ANGELES DEPT-B",
        "value": "3326626.74",
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      },
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        "name": "Los Angeles Unified School District, Series 2023QRR",
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        "weight": "0.00152040",
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      },
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        "name": "Santa Monica Community College District, Series 2018A",
        "value": "3271269.27",
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      },
      {
        "name": "State of California, Series 2025, GO Bonds",
        "value": "3254236.82",
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      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.25000000",
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      },
      {
        "name": "STATE OF CALIFORNIA",
        "value": "3182681.10",
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      {
        "name": "UNIV OF CALIFORNIA CA REVENUES",
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      },
      {
        "name": "Sacramento Municipal Utility District, Series 2025F",
        "value": "3103185.81",
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  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0001378872-26-000865",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1378872/000137887226000865/0001378872-26-000865-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0000783401-26-000072",
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      "edgar_url": "https://www.sec.gov/Archives/edgar/data/783401/000078340126000072/0000783401-26-000072-index.htm"
    }
  ]
}