Invesco Zacks Mid-Cap ETF (CZA) Performance
CZA total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.9% since Dec 31, 2025
- 1 year
- +14.0% total return
- 5 years
- +7.0% a year
- 10 years
- +10.5% a year
- Since first price
- +9.6% a year since 2007
CZA trailing returns vs SPY, QQQ, AGG
| Period | CZA total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +3.3% | +3.3% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.7% | +0.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.5% | +6.5% | +7.8% | +8.4% | −1.5% |
| YTD | +11.9% | +11.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.0% | +12.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +60.3%+17.0%/yr | +53.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +40.2%+7.0%/yr | +31.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +171.4%+10.5%/yr | +136.3% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +426.2%+11.7%/yr | +337.8% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionApr 3, 2007 | +499.0%+9.6%/yr | +387.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: CZA vs SPY
From Apr 3, 2007: CZA grew to $59,902, SPY to $75,515.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
CZA returns by calendar year
14 of 18 full years positive. Best 2009 (+44.4%), worst 2008 (−36.0%). 2026 is year to date.
CZA annual returns table
| Year | CZA | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.9% | −9.2% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.3% | −16.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.1% | −7.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +7.0% | −16.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −5.9% | −17.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +27.4% | −6.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +0.4% | −46.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +32.3% | −6.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.9% | −18.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +21.9% | −2.3% | +21.7% | +32.7% | +3.6% |
| 2016 | +15.6% | −12.0% | +12.0% | +7.1% | +2.4% |
| 2015 | −1.9% | −11.5% | +1.2% | +9.4% | +0.5% |
| 2014 | +9.9% | −10.2% | +13.5% | +19.2% | +6.0% |
| 2013 | +35.9% | −5.9% | +32.3% | +36.6% | −2.0% |
| 2012 | +14.8% | −9.6% | +16.0% | +18.1% | +3.8% |
| 2011 | +3.7% | −23.5% | +1.9% | +3.4% | +7.7% |
| 2010 | +22.6% | −12.8% | +15.1% | +19.9% | +6.4% |
| 2009 | +44.4% | −25.1% | +26.4% | +54.7% | +3.0% |
| 2008 | −36.0% | −47.2% | −36.8% | −41.7% | +7.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
CZA largest drawdowns
Now 3.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jul 17, 2007 | −53.2% | Mar 6, 2009 | Nov 2, 2010 | 1.6 years | 3.3 years |
| Feb 20, 2020 | −46.2% | Mar 23, 2020 | Jan 12, 2021 | 32 days | 11 months |
| Jul 7, 2011 | −23.5% | Oct 3, 2011 | Mar 15, 2012 | 3 months | 8 months |
| Nov 29, 2024 | −18.9% | Apr 8, 2025 | Dec 10, 2025 | 4 months | 1.0 years |
| Jun 19, 2015 | −18.8% | Feb 11, 2016 | Jun 1, 2016 | 8 months | 11 months |
| Sep 21, 2018 | −18.1% | Dec 24, 2018 | Apr 1, 2019 | 3 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
CZA risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2007 |
|---|---|---|---|---|
| Annualized return | +13.1% | +7.1% | +9.8% | +9.2% |
| Volatility (annualized) | 13.9% | 15.8% | 16.7% | 16.6% |
| Sharpe ratio | 0.65 | 0.28 | 0.51 | 0.53 |
| Sortino ratio | 1.01 | 0.43 | 0.71 | 0.75 |
| Best month | +9.1% | +9.1% | +11.3% | +12.7% |
| Worst month | −7.4% | −9.2% | −23.3% | −23.3% |
| Best 12 months | +34.8% | +34.8% | +61.3% | +63.7% |
| Worst 12 months | −0.3% | −10.2% | −21.2% | −40.1% |
| Positive months | 61% | 53% | 62% | 63% |
| Beta vs S&P 500 | 0.79 | 0.82 | 0.94 | — |
| Correlation with S&P 500 | 0.71 | 0.81 | 0.86 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
CZA rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 223 | −40.1% | +10.6% | +63.7% | 77% |
| 3-year (a year) | 199 | −4.0% | +11.0% | +31.3% | 97% |
| 5-year (a year) | 175 | +2.1% | +10.7% | +26.9% | 100% |
| 10-year (a year) | 115 | +7.7% | +10.9% | +17.7% | 100% |
Every holding period starting at a month-end since 2007. Returns for 3 years and longer are annualized.
CZA performance overview
Invesco Zacks Mid-Cap ETF (CZA) returned +14.0% over the past year and +10.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2007 it has returned +9.6% a year, turning $10,000 into about $59,902. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −53.2%, from Jul 17, 2007 to Mar 6, 2009, and it took 1.7 years to get back to the old high. CZA finished 14 of its 18 full calendar years with a gain; the best year was 2009 (+44.4%) and the worst 2008 (−36.0%). Volatility has been 16.6% a year.
Related: CZA chart, CZA holdings, CZA dividends, CZA valuation. See the CZA overview for the latest quote and fund facts.
CZA performance FAQ
What is the CZA return over the past year?
CZA returned +14.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.3%.
What is the average annual return of CZA?
CZA has returned +7.0% a year over 5 years, +10.5% a year over 10 years, +9.6% a year since April 3, 2007 (total return, distributions reinvested).
How much would $10,000 invested in CZA be worth?
$10,000 invested in CZA at its first recorded close on April 3, 2007 would be worth about $59,902 on October 23, 2026 with distributions reinvested.
What was the worst year for CZA?
The worst calendar year was 2008, with a total return of −36.0%. The best was 2009 at +44.4%.
What is the biggest drawdown of CZA?
The largest peak-to-trough decline was −53.2% between July 17, 2007 and March 6, 2009. It recovered to the old high on November 2, 2010, 1.7 years after the bottom.
How volatile is CZA?
Over the past 3 years CZA had an annualized volatility of 13.9% and a Sharpe ratio of 0.65 (excess return over 1–3 month T-bills per unit of risk).