BSMZvsTAFIETF Comparison
VS
Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) and AB Tax-Aware Short Duration Municipal ETF (TAFI) belong to the same industry segment: Municipal Bonds. BSMZ's top 1 sector exposures are Municipal. In contrast, TAFI's top sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. BSMZ is less expensive with a Total Expense Ratio (TER) of 0.18%, versus 0.27% for TAFI. BSMZ is down -3.02% year-to-date (YTD) with +$48M in YTD flows. TAFI performs better with 0.49% YTD performance, and +$397M in YTD flows. Run a side-by-side ETF comparison of BSMZ and TAFI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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BSMZ vs TAFI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | BSMZ TAFI | -0.13%-0.05% | -4.35%-0.78% | -3.02%+0.49% | -2.21%+0.92% | n/a+11.08% | n/an/a |
| Flows | BSMZ TAFI | +$5M+$75M | +$17M+$78M | +$48M+$397M | +$68M+$509M | -+$1.26B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | BSMZ TAFI | +6.22%+2.14% | +3.99%+1.34% | n/a+1.47% | n/an/a |
| Max drawdown | BSMZ TAFI | -7.24%-2.23% | -8.19%-2.28% | n/a-2.28% | n/an/a |
| Max drawdown duration | BSMZ TAFI | 92d64d | 102d102d | n/a102d | n/an/a |
Trading data
BSMZ | TAFI | |
Last sale 10/16/2026 at 1:30 PM | $24.01 | $24.76 |
| Previous close 10/15/2026 | $24.00 | $24.74 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 19, 2026
1-year trailing difference
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TAFI
is actively managed and doesn’t replicate an indexBSMZ | TAFI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
BSMZ | TAFI | |
|---|---|---|
| Last price | $24.01 | $24.76 |
| 1D performance | +0.06% | +0.08% |
| AuM | $69.48 M | $1.44 B |
| E/R | 0.18% | 0.27% |
Characteristics
BSMZ | TAFI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | AllianceBernstein |
| Benchmark | ICE BulletShares Municipal Bond 2035 Index | - |
| N° of holdings | 467 | 237 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 17, 2025 | September 13, 2022 |
| ESG | No | No |
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Exposure
Countries
BSMZ
USA
38.82%
Other
61.18%
TAFI
USA
38.46%
Other
61.54%
Sectors
BSMZ
Municipal
38.82%
Other
61.18%
TAFI
Municipal
37.95%
Other
62.05%
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Diversification
BSMZ
Total weight of top 15 holdings out of 15
6.39%
TAFI
Total weight of top 15 holdings out of 15
12.84%
Top 15 holdings
Data as of August 31, 2026
BSMZ
New York Liberty Development Corp., 5.25% 1oct2035, USD (2005)
0.71%
New York Thruway Authority, 5% 15mar2055, USD (2025B)
0.47%
Massachusetts School Building Authority, 5% 15feb2055, USD (2025)
0.46%
Chicago O'Hare International Airport, 5.25% 1jan2061, USD (2026A)
0.45%
City of New York, 5.25% 1feb2050, USD (2025)
0.44%
US60637AYQ92
0.43%
US662903J879
0.42%
US67766WV741
0.41%
California Infrastructure and Economic Development Bank, 5.25% 15may2059, USD (2025)
0.41%
California, 5% 1mar2055, USD
0.39%
Omaha Public Facilities Corp., 5% 15apr2050, USD (2025C)
0.39%
New York Transitional Finance Authority, 5.5% 1may2050, USD (2026)
0.36%
Texas Water Development Board, 5% 15oct2042, USD (2025)
0.35%
US64972GL510
0.35%
US64990AWY71
0.35%
TAFI
Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD
1.53%
US040507QB45
1.41%
US7485082P22
1.17%
City of New York, 5% 1feb2032, USD (2026)
1.05%
Colorado Health Facilities Authority, 5% 1sep2032, USD (2025A)
0.83%
US230589AB90
0.81%
Illinois Finance Authority, FRN 15nov2037, USD (2018)
0.77%
Revere, 4% 29jul2027, USD
0.75%
Miami-Dade School District, 4% 7jan2027, USD (2026)
0.74%
US09182TKL07
0.74%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2029, USD (3792D)
0.73%
US745160TD34
0.66%
Orchard Park Central School District, 4% 30apr2027, USD (2026)
0.57%
US67756CGX02
0.57%
City of Los Angeles, 5% 24jun2027, USD (2026)
0.53%
Frequently asked questions about BSMZ and TAFI
How have the BSMZ and TAFI ETFs performed in 2026?
As of October 16, 2026, BSMZ is down -3.02% year-to-date (YTD), while TAFI has returned 0.49%. That puts TAFI better performer ahead so far this year.
Which ETF is attracting more investor money: BSMZ or TAFI?
Year-to-date, the BSMZ ETF saw +$48M in flows, compared to +$397M for TAFI.
Which ETF is more volatile: BSMZ or TAFI?
Over the past year, BSMZ had a volatility of 3.99%, while TAFI experienced 1.34%.
Which ETF is bigger: BSMZ or TAFI?
As of October 16, 2026, BSMZ holds $69.48 M in assets under management (AUM), while TAFI manages $1.44 B.
What sectors do the BSMZ and TAFI ETFs invest in?
BSMZ leans toward sectors like Municipal. Meanwhile, TAFI focuses on Municipal.
What are the top holdings of the BSMZ ETF and TAFI ETF?
BSMZ top holdings include New York Liberty Development Corp., 5.25% 1oct2035, USD (2005), New York Thruway Authority, 5% 15mar2055, USD (2025B) and Massachusetts School Building Authority, 5% 15feb2055, USD (2025). TAFI holds in its top three: Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22.
Which ETF is more diversified: BSMZ or TAFI?
BSMZ holds 1611 securities with 6.39% of its assets in the top 15. TAFI has 691 securities and a top 15 weight of 12.84%.
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