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Launched · SEC filings

Invesco Zacks Mid-Cap ETF

CZANYSE ArcaInvescoC

$127.06+0.94 (+0.74%)

As of Nov 2, 2026, 3:59 PM ET

C44/ 100

Rank 11 of 13 in US Mid-Cap

C44/100Rank 11 of 13inUS Mid-Cap
Intraday session: up, 76 prints from 126.13 to 127.06. Range 126.99 to 127.45. Use the arrow keys to read each point.126.50126.75127.25127.5010 AM12 PM2 PM4 PM
Expense ratio
0.69%
Fund size
$182M
1Y total return
+17.4%
Yield · Last 12 months
1.37%
Holdings
104
Avg volume · 30D
2.97K sh
52W range
low $106.87high $127.85
Launched
Filings
SEC EDGAR

The ETF.net CZA Grade

C

Score 44 out of 100

Category
US Mid-Cap⁠
Rank
11 of 13
Six-pillar profile for CZA. Scores out of 100: Cost 18, Risk 65, Mission 74, Tradability 36, Holdings 35, Durability 43. Strongest: Mission (74). Weakest: Cost (18). Leans toward Mission.

Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F18 out of 100
    Rank 11 of 13

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A74 out of 100
    Rank 11 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B65 out of 100
    Rank 5 of 13

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D36 out of 100
    Rank 8 of 13

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D35 out of 100
    Rank 11 of 13

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 10 of 13

Our read on CZA

ETF.net Research

In short

CA stock picker in index clothing: about 100 mid-caps chosen by a Zacks quant screen instead of the whole segment. Running since 2007, and the 0.69% fee is the price of that opinion.

Stated mandate

The fund seeks to track the Zacks Mid-Cap Core Index by investing at least 90% of its assets in securities included in that index.

Why people hold it

  • Rules-based but opinionated. The Zacks Mid-Cap Core Index screens down to roughly 100 names, so the basket genuinely looks different from a cap-weighted mid-cap fund.invesco.com
  • The mandate is tight: at least 90% of assets sit in the named index, so this is a quant screen in an index wrapper, not open-ended manager discretion.invesco.com
  • Launched in 2007 under Invesco, it has run the same strategy through the financial crisis and every market since. Long track records are rare among rules-based screens.invesco.com
  • It stays close to the index it advertises, so what you read in the methodology is broadly what you own.

Worth knowing

  • Cost is the headline trade-off. At 0.69%, this sits far above plain mid-cap trackers such as VO and SCHM at 0.03%. That gap comes out of returns every year, screen or no screen.
  • Thinly traded and modest in size, so bid-ask spreads are a bigger slice of your real cost here than with the giant mid-cap funds.
  • About 100 holdings means individual names swing the fund more than in a broad index holding several hundred. Concentration cuts both directions.

CZA Holdings

Holdings pillarD35 out of 100Rank 11 of 13 in US Mid-Cap
Asset class
Stocks
Holdings
104
Top-10 weight
20%
Largest holding
WAT2.2%

Sectors

  • Financials25.4%
  • Industrials19.9%
  • Health Care16.7%
  • Real Estate7.9%
  • Technology7.7%
  • Utilities5.5%
  • Consumer Discretionary5.5%
  • Materials5.2%
  • Energy3.5%
  • Consumer Staples2.7%

Geography

  • United States90.57%
  • Canada4.05%
  • China2.39%
  • Peru1.88%
  • Switzerland1.11%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1WATWaters Corp2.17%8,248$3.96M284
2WCNWaste Connections Inc2.15%21,484$3.91M58
3MSCIMSCI Inc2.10%6,186$3.83M319
4AIGAmerican International Group Inc2.03%45,309$3.69M292
5EDConsolidated Edison Inc2.02%31,840$3.68M332
6CMGChipotle Mexican Grill Inc1.94%112,690$3.52M309
7PRUPrudential Financial Inc1.86%29,044$3.39M342
8SYYSysco Corp1.86%41,104$3.39M335
9RPRXRoyalty Pharma PLC1.79%49,404$3.26M204
10PEGPublic Service Enterprise Group Inc1.78%43,940$3.24M292
11VGVenture Global Inc1.77%218,599$3.23M105
12ADMArcher-Daniels-Midland Co1.75%41,819$3.19M340
13HIGHartford Insurance Group Inc/The1.74%23,996$3.17M352
14BAPCredicorp Ltd1.63%8,216$2.97M86
15GEHCGE HealthCare Technologies Inc1.61%38,390$2.93M308

Showing 1–15 of 104 holdings

CZA Performance

Launched Apr 2, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

CZA$11,738
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. CZA $11,738. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for CZA. Periods over one year show the average yearly return.
PeriodCZA
Year to date+13.5%
1 month+6.5%
3 months−0.1%
1 year+17.4%
3 yearsper year+17.3%
5 yearsper year+7.5%
10 yearsper year+10.7%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for CZA
YearReturn barCZA
2026 YTD+13.5%
2025+8.3%
2024+12.1%
2023+7.0%
2022−5.9%
2021+27.4%
2020+0.4%

CZA in the news

CZA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.37%Last 12 months
Payout per share
$1.73Last 12 months
Last payment
$1.73 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Annual

Distribution history

2017–2026

One bar per payment. 9 payments from 2017 to 2026 YTD. Dec 26, 2017 $0.72; Dec 24, 2018 $0.75; Dec 23, 2019 $1.07; Dec 21, 2020 $1.08; Dec 20, 2021 $0.85; Dec 19, 2022 $1.52; Dec 18, 2023 $1.28; Dec 23, 2024 $1.32; Dec 22, 2025 $1.73. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 22, 2025Dec 26, 2025$1.73
Dec 23, 2024Dec 27, 2024$1.32
Dec 18, 2023Dec 22, 2023$1.28
Dec 19, 2022Dec 23, 2022$1.52
Dec 20, 2021Dec 31, 2021$0.85
Dec 21, 2020Dec 31, 2020$1.08
Dec 23, 2019Dec 31, 2019$1.07
Dec 24, 2018Dec 31, 2018$0.75
Dec 26, 2017Dec 29, 2017$0.72
Dec 23, 2016Dec 30, 2016$1.02
Dec 24, 2015Dec 31, 2015$0.66
Dec 24, 2014Dec 31, 2014$0.37

See all 19 payments⁠

$10,000 in CZA 10 years ago paid $2,203 in dividends.⁠

CZA Risk

Risk pillarB65 out of 100Rank 5 of 13 in US Mid-Cap
How much the fund’s monthly returns vary, scaled to a year.
13.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.91
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−18.9%
Trough Apr 2025
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.82
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

CZA Cost

Compare CZA and VO

Overpaying vs VO, tied cheapest in US Mid-Cap

$12,791

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • CZA 0.69%

    $13,429

  • VO 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • CZA 0.69%
  • VO 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530CZA $13,429VO $638

Year by year

YearCZAVOOverpaying
10$1,232$55$1,177
20$4,697$216$4,481
30$13,429$638$12,791

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