{
  "page": "compare",
  "query": {
    "a": "VTEC",
    "b": "PZA"
  },
  "retrieved_at": "2026-07-07T18:49:28+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": "VANGUARD CALIFORNIA TAX-EXEMPT BOND ETF",
    "ticker": "VTEC",
    "slug": "VTEC",
    "series_id": "S000083730",
    "html_url": "https://fundwatcher.app/funds/VTEC/"
  },
  "fund_b": {
    "name": "Invesco National AMT-Free Municipal Bond ETF",
    "ticker": "PZA",
    "slug": "PZA",
    "series_id": "S000019245",
    "html_url": "https://fundwatcher.app/funds/PZA/"
  },
  "overlap": {
    "coverage_a_by_b": "0.1071977620142743068485402867",
    "coverage_b_by_a": "0.1071977620142743068485402870",
    "shared_count": 700,
    "as_of": {
      "a": "2026-02-28",
      "b": "2026-02-28"
    },
    "a_top": [
      {
        "name": "Southern California Public Power Authority, Series A",
        "value": "12900000.00",
        "weight": "0.00593245",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
        "value": "11969705.81",
        "weight": "0.00550462",
        "shared": false
      },
      {
        "name": "Bay Area Toll Authority, Series 2026A",
        "value": "11189454.08",
        "weight": "0.00514580",
        "shared": false
      },
      {
        "name": "Irvine Ranch Water District, Series 2009 A, VRD RB",
        "value": "7025000.00",
        "weight": "0.00323065",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "7016222.88",
        "weight": "0.00322662",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "7001515.58",
        "weight": "0.00321985",
        "shared": false
      },
      {
        "name": "Bay Area Toll Authority, Series 2023 A, VRD Ref. RB",
        "value": "6715000.00",
        "weight": "0.00308809",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "6498887.63",
        "weight": "0.00298870",
        "shared": false
      },
      {
        "name": "Los Angeles Department of Water & Power, Series 2025A",
        "value": "5915630.75",
        "weight": "0.00272048",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 4.0% 03-01-36",
        "value": "5429087.77",
        "weight": "0.00249673",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.00000000",
        "value": "5398270.88",
        "weight": "0.00248255",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST EDUCTNL FACS AUTH REVENUE",
        "value": "5264772.16",
        "weight": "0.00242116",
        "shared": true
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD B/E 5.50000000",
        "value": "5181982.25",
        "weight": "0.00238309",
        "shared": false
      },
      {
        "name": "E CO AWP JT PWRS-A-1",
        "value": "5131980.25",
        "weight": "0.00236009",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA",
        "value": "5127317.08",
        "weight": "0.00235795",
        "shared": false
      },
      {
        "name": "SAN FRANCISCO USD",
        "value": "5004645.00",
        "weight": "0.00230153",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA",
        "value": "4867361.96",
        "weight": "0.00223840",
        "shared": false
      },
      {
        "name": "IRVINE CA IMPT BOND ACT 1915",
        "value": "4800000.00",
        "weight": "0.00220742",
        "shared": false
      },
      {
        "name": "State of California",
        "value": "4611571.77",
        "weight": "0.00212077",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST EDUCTNL",
        "value": "4248486.69",
        "weight": "0.00195379",
        "shared": true
      },
      {
        "name": "BAY AREA TOLL AUTHORITY FRN 04-01-55",
        "value": "4240000.00",
        "weight": "0.00194989",
        "shared": false
      },
      {
        "name": "LOS ANGELES DEPT-C",
        "value": "4196892.66",
        "weight": "0.00193006",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES",
        "value": "4183063.26",
        "weight": "0.00192370",
        "shared": true
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "4171519.58",
        "weight": "0.00191840",
        "shared": false
      },
      {
        "name": "State of California",
        "value": "4160235.12",
        "weight": "0.00191321",
        "shared": false
      },
      {
        "name": "BAY AREA CA TOLL AUTH",
        "value": "4104719.55",
        "weight": "0.00188768",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.00000000",
        "value": "4086396.19",
        "weight": "0.00187925",
        "shared": false
      },
      {
        "name": "IRVINE WTR-RF-A1-VAR",
        "value": "3800000.00",
        "weight": "0.00174754",
        "shared": false
      },
      {
        "name": "BAY AREA TOLL AUTHORI VAR",
        "value": "3710401.42",
        "weight": "0.00170634",
        "shared": false
      },
      {
        "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",
        "weight": "0.00167330",
        "shared": false
      },
      {
        "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",
        "weight": "0.00162902",
        "shared": false
      },
      {
        "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",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 10-01-35",
        "value": "3518668.50",
        "weight": "0.00161816",
        "shared": false
      },
      {
        "name": "LOS ANGELES UNIF SD-A",
        "value": "3498030.24",
        "weight": "0.00160867",
        "shared": false
      },
      {
        "name": "State of California",
        "value": "3451242.45",
        "weight": "0.00158716",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 5.0% 04-01-29",
        "value": "3449275.88",
        "weight": "0.00158625",
        "shared": false
      },
      {
        "name": "State of California, Series 2007",
        "value": "3411058.83",
        "weight": "0.00156868",
        "shared": false
      },
      {
        "name": "LOS ANGELES DEPT-B",
        "value": "3326626.74",
        "weight": "0.00152985",
        "shared": false
      },
      {
        "name": "Los Angeles Unified School District, Series 2023QRR",
        "value": "3306085.12",
        "weight": "0.00152040",
        "shared": true
      },
      {
        "name": "Santa Monica Community College District, Series 2018A",
        "value": "3271269.27",
        "weight": "0.00150439",
        "shared": true
      },
      {
        "name": "State of California, Series 2025, GO Bonds",
        "value": "3254236.82",
        "weight": "0.00149656",
        "shared": true
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES REGD N/C B/E 5.25000000",
        "value": "3231820.82",
        "weight": "0.00148625",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA",
        "value": "3182681.10",
        "weight": "0.00146365",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES",
        "value": "3179630.71",
        "weight": "0.00146225",
        "shared": false
      },
      {
        "name": "Sacramento Municipal Utility District, Series 2025F",
        "value": "3103185.81",
        "weight": "0.00142709",
        "shared": false
      }
    ],
    "b_top": [
      {
        "name": "NEW YORK ST DORM AUTH REVENUES REGD B/E 5.50000000",
        "value": "5525695.08",
        "weight": "0.00150374",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST HLTH FACS FING AUTH REVENUE",
        "value": "5326604.46",
        "weight": "0.00144956",
        "shared": false
      },
      {
        "name": "TX WTR DEV BRD",
        "value": "4794709.82",
        "weight": "0.00130481",
        "shared": false
      },
      {
        "name": "UNIV OF CALIFORNIA CA REVENUES",
        "value": "4698585.32",
        "weight": "0.00127865",
        "shared": true
      },
      {
        "name": "DALLAS ISD",
        "value": "4655749.90",
        "weight": "0.00126700",
        "shared": false
      },
      {
        "name": "NY ST DORM AUTH PIT 20D SF 4.0% 02-15-47",
        "value": "4520339.91",
        "weight": "0.00123015",
        "shared": false
      },
      {
        "name": "Salt River Project Agricultural Improvement & Power District, Series 2025, RB",
        "value": "4309046.00",
        "weight": "0.00117264",
        "shared": false
      },
      {
        "name": "STATE OF CALIFORNIA 4.0% 09-01-43",
        "value": "4305310.38",
        "weight": "0.00117163",
        "shared": true
      },
      {
        "name": "NY MTA TRANSP 5.25% 11/15/2055",
        "value": "4189701.00",
        "weight": "0.00114017",
        "shared": false
      },
      {
        "name": "Monroe County Industrial Development Corp. (University of Rochester), Series 2020 A, RB",
        "value": "4187914.30",
        "weight": "0.00113968",
        "shared": false
      },
      {
        "name": "NYC WTR 4% 6/15/2051",
        "value": "4181299.20",
        "weight": "0.00113788",
        "shared": false
      },
      {
        "name": "UNIV OF CA REGENTS -P",
        "value": "4148843.40",
        "weight": "0.00112905",
        "shared": false
      },
      {
        "name": "TX TTFTRN 5.5 10/01/2055",
        "value": "4001638.67",
        "weight": "0.00108899",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE   TUNNEL TRBTRN 05/51 FIXED 5",
        "value": "3986260.22",
        "weight": "0.00108480",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE & TUNNEL AUTH SALES TAX REVENUE",
        "value": "3906647.77",
        "weight": "0.00106314",
        "shared": false
      },
      {
        "name": "SAN DIEGO USD-I",
        "value": "3859544.70",
        "weight": "0.00105032",
        "shared": true
      },
      {
        "name": "MASSACHUSETTS ST-G",
        "value": "3854939.09",
        "weight": "0.00104907",
        "shared": false
      },
      {
        "name": "NJ TPK 4% 1/1/2042",
        "value": "3827242.61",
        "weight": "0.00104153",
        "shared": false
      },
      {
        "name": "HAYS TX CONSOL INDEP SCH DIST",
        "value": "3814756.70",
        "weight": "0.00103813",
        "shared": false
      },
      {
        "name": "NY ST UDC PIT REV 20A SF 4.0% 03-15-49",
        "value": "3778448.81",
        "weight": "0.00102825",
        "shared": false
      },
      {
        "name": "NJ TPK 5.25% 1/1/52",
        "value": "3718960.35",
        "weight": "0.00101206",
        "shared": false
      },
      {
        "name": "CALIFORNIA ST HLTH FACS FING A CASMED 08/48 FIXED 4",
        "value": "3681578.66",
        "weight": "0.00100189",
        "shared": false
      },
      {
        "name": "LOWER AL GAS DIST GAS PROJ REV LWRUTL 09/46 FIXED 5",
        "value": "3656901.88",
        "weight": "0.00099517",
        "shared": false
      },
      {
        "name": "MET TRANSPRTN AUTH NY DEDICATED TAX FUND",
        "value": "3636809.36",
        "weight": "0.00098971",
        "shared": false
      },
      {
        "name": "State of California 5.00% 03/01/2055",
        "value": "3633927.79",
        "weight": "0.00098892",
        "shared": true
      },
      {
        "name": "CALIFORNIA ST EDUCTNL FACS AUTH REVENUE",
        "value": "3623733.00",
        "weight": "0.00098615",
        "shared": true
      },
      {
        "name": "Tender Option Bond Trust Receipts/Certificates",
        "value": "3608719.15",
        "weight": "0.00098206",
        "shared": false
      },
      {
        "name": "COLORADO ST HLTH FACS AUTH REVENUE",
        "value": "3603317.05",
        "weight": "0.00098059",
        "shared": false
      },
      {
        "name": "San Francisco City & County, Series 2023B",
        "value": "3601485.96",
        "weight": "0.00098009",
        "shared": true
      },
      {
        "name": "MIAMI-DADE WTSW 4% 10/1/49",
        "value": "3569249.36",
        "weight": "0.00097132",
        "shared": false
      },
      {
        "name": "NYC TRANSIT FIN-F-1",
        "value": "3566315.31",
        "weight": "0.00097052",
        "shared": false
      },
      {
        "name": "GRAND PKWY TRANSPRTN",
        "value": "3548512.56",
        "weight": "0.00096568",
        "shared": false
      },
      {
        "name": "NYC MUNI WTR FIN-FF-1",
        "value": "3515627.82",
        "weight": "0.00095673",
        "shared": false
      },
      {
        "name": "STATE OF NEW YORK PERSONAL INCOME TAX REVENUE 5.25% 03-15-52",
        "value": "3515452.41",
        "weight": "0.00095668",
        "shared": false
      },
      {
        "name": "Jurupa Unified School District, Series 2017 B, GO Bonds",
        "value": "3471255.78",
        "weight": "0.00094465",
        "shared": false
      },
      {
        "name": "Jefferson (County of), AL, Series 2024, Ref. Revenue Wts.",
        "value": "3426985.43",
        "weight": "0.00093260",
        "shared": false
      },
      {
        "name": "Triborough Bridge & Tunnel Authority Sales Tax Revenue",
        "value": "3425186.13",
        "weight": "0.00093211",
        "shared": false
      },
      {
        "name": "State of California",
        "value": "3402428.62",
        "weight": "0.00092592",
        "shared": true
      },
      {
        "name": "CALIFORNIA ST EDUCTNL",
        "value": "3381062.07",
        "weight": "0.00092011",
        "shared": true
      },
      {
        "name": "LIBERTY HILL ISD -REF",
        "value": "3380129.12",
        "weight": "0.00091985",
        "shared": false
      },
      {
        "name": "MA ST 5% 11/1/2050",
        "value": "3355729.46",
        "weight": "0.00091321",
        "shared": false
      },
      {
        "name": "New York City Transitional Finance Authority Future Tax Secured, Series 2022C-1",
        "value": "3351823.86",
        "weight": "0.00091215",
        "shared": false
      },
      {
        "name": "TX WTR DEV BRD-B",
        "value": "3333453.01",
        "weight": "0.00090715",
        "shared": false
      },
      {
        "name": "GRAND PKWY TRANSPRTN",
        "value": "3323919.06",
        "weight": "0.00090456",
        "shared": false
      },
      {
        "name": "Tender Option Bond Trust Receipts/Certificates",
        "value": "3318011.33",
        "weight": "0.00090295",
        "shared": false
      },
      {
        "name": "Municipal Improvement Corp. of Los Angeles, Series A",
        "value": "3299615.40",
        "weight": "0.00089794",
        "shared": true
      },
      {
        "name": "NJ ECON DEV AUTH-A",
        "value": "3261740.20",
        "weight": "0.00088764",
        "shared": false
      },
      {
        "name": "TRIBOROUGH NY BRIDGE   TUNNEL TRBTRN 05/64 FIXED 5.25",
        "value": "3252428.10",
        "weight": "0.00088510",
        "shared": false
      },
      {
        "name": "MA ST 5% 1/1/54",
        "value": "3247012.14",
        "weight": "0.00088363",
        "shared": false
      },
      {
        "name": "ORANGE HLTH FACS-A",
        "value": "3242157.16",
        "weight": "0.00088231",
        "shared": false
      }
    ]
  },
  "error": null,
  "sources": [
    {
      "label": "N-PORT (fund A)",
      "accession_no": "0000783401-26-000072",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/783401/000078340126000072/0000783401-26-000072-index.htm"
    },
    {
      "label": "N-PORT (fund B)",
      "accession_no": "0001378872-26-000869",
      "as_of": "2026-02-28",
      "edgar_url": "https://www.sec.gov/Archives/edgar/data/1378872/000137887226000869/0001378872-26-000869-index.htm"
    }
  ]
}