FMNY vs PZT
First Trust New York High Income Municipal ETF compared with Invesco New York AMT-Free Municipal Bond ETF on yield, payout growth, payment schedule, cost and risk.
FMNY
First Trust New York High Income Municipal ETF
TTM yield · Monthly
PZT
Invesco New York AMT-Free Municipal Bond ETF
TTM yield · Monthly
Quick take
- PZT yields more today: 4.05% vs 3.97% (forward).
- Both pay every month.
- Over the last year FMNY delivered the higher total return: -1.4% vs -1.9% (price change plus payouts).
- PZT is cheaper to own: 0.28% vs 0.49% expense ratio.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | FMNY | PZT |
|---|---|---|
| Share price | $25.19 | $20.97 |
| TTM yield | 3.65% | 4.05% |
| Forward yield | 3.97% | 4.05% |
| Annual payout per share | $1.00 | $0.849 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Oct 24, 2026 (est.) | Nov 16, 2026 (est.) |
| Expense ratio | 0.49% | 0.28% |
| 1-year payout growth | -12.5% | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | 4 years | — |
| Payout consistency (last 12) | 98/100 | 96/100 |
| 1-year total return | -1.4% | -1.9% |
| 1-year price return | -4.9% | -5.7% |
| Size (market cap / AUM) | 36.0M | 129.4M |
| Years paying | 5.3 | 18.9 |
| Sector / category | Muni New York Long | Muni New York Long |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| FMNY | PZT | |
|---|---|---|
| Shares | 397.0 | 476.9 |
| Income per year | $397 | $405 |
| Income per month (avg) | $33 | $34 |
At forward yields, before taxes. Model FMNY · Model PZT
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| FMNY Nov 23, 2026 | Dec 7, 2026 | $0.0833 | Est. |
| FMNY Dec 23, 2026 | Jan 6, 2027 | $0.0833 | Est. |
| FMNY Jan 22, 2027 | Feb 5, 2027 | $0.0833 | Est. |
| PZT Nov 16, 2026 | Nov 30, 2026 | $0.0707 | Est. |
| PZT Dec 14, 2026 | Dec 28, 2026 | $0.0707 | Est. |
| PZT Jan 11, 2027 | Jan 25, 2027 | $0.0707 | Est. |
Annual payouts per share
FMNYPZT
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, FMNY or PZT?
PZT currently has the higher trailing yield: FMNY yields 3.65% and PZT yields 4.05%. Yield changes daily with price, so check the live figures above.
How often do FMNY and PZT pay?
FMNY pays every month and PZT pays every month. FMNY's next ex-date is Oct 24, 2026 and PZT's is Nov 16, 2026.
Is FMNY or PZT better for income?
It depends on what you are optimising for. FMNY and PZT differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.