FTCAvsTAFIETF Comparison
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Franklin California Municipal Income ETF (FTCA) and AB Tax-Aware Short Duration Municipal ETF (TAFI) belong to the same industry segment: Municipal Bonds. FTCA's top 1 sector exposures are Municipal. In contrast, TAFI's top sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. FTCA is more expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.27% for TAFI. FTCA is down -4.86% year-to-date (YTD) with +$142M in YTD flows. TAFI performs better with 0.49% YTD performance, and +$397M in YTD flows. Run a side-by-side ETF comparison of FTCA 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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FTCA 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. | FTCA TAFI | -1.24%-0.05% | -5.77%-0.78% | -4.86%+0.49% | n/a+0.92% | n/a+11.08% | n/an/a |
| Flows | FTCA TAFI | +$145M+$75M | +$113M+$78M | +$142M+$397M | -+$509M | -+$1.26B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTCA TAFI | +6.42%+2.14% | n/a+1.34% | n/a+1.47% | n/an/a |
| Max drawdown | FTCA TAFI | -7.86%-2.23% | n/a-2.28% | n/a-2.28% | n/an/a |
| Max drawdown duration | FTCA TAFI | 92d64d | n/a102d | n/a102d | n/an/a |
Trading data
FTCA | TAFI | |
Last sale 10/16/2026 at 1:30 PM | $6.93 | $24.76 |
| Previous close 10/16/2026 | $6.94 | $24.74 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FTCA | TAFI | |
|---|---|---|
| Last price | $6.93 | $24.76 |
| 1D performance | -0.14% | +0.08% |
| AuM | $697.56 M | $1.44 B |
| E/R | 0.35% | 0.27% |
Characteristics
FTCA | TAFI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | AllianceBernstein |
| Benchmark | - | - |
| N° of holdings | 62 | 237 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | September 13, 2022 |
| ESG | No | No |
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Exposure
Countries
FTCA
USA
36.47%
Other
63.53%
TAFI
USA
38.46%
Other
61.54%
Sectors
FTCA
Municipal
36.47%
Other
63.53%
TAFI
Municipal
37.95%
Other
62.05%
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Diversification
FTCA
Total weight of top 15 holdings out of 15
19.13%
TAFI
Total weight of top 15 holdings out of 15
12.84%
Top 15 holdings
Data as of August 31, 2026
FTCA
California Pollution Control Financing Authority, 5% 21nov2045, USD
1.79%
US30309HAA59
1.67%
Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016)
1.33%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024E)
1.31%
San Francisco Public Utilities Commission, 5% 1nov2053, USD (2023)
1.30%
US79728FLL30
1.29%
MSR Energy Authority, 6.5% 1nov2039, USD (2009A)
1.28%
Los Angeles Department of Water and Power, 5% 1jul2046, USD (2022)
1.28%
California Municipal Finance Authority, 4.2% 1aug2040, USD (2024)
1.26%
California Municipal Finance Authority, 3% 15may2051, USD
1.21%
Sweetwater Union High District, 5% 1aug2052, USD (2018)
1.19%
US130493CL10
1.07%
California, 5% 1oct2045, USD
1.07%
US13048VG510
1.05%
Alameda Corridor Transportation Authority, 0% 1oct2049, USD (2022A, 9941D)
1.04%
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 FTCA and TAFI
How have the FTCA and TAFI ETFs performed in 2026?
As of October 16, 2026, FTCA is down -4.86% 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: FTCA or TAFI?
Year-to-date, the FTCA ETF saw +$142M in flows, compared to +$397M for TAFI.
Which ETF is bigger: FTCA or TAFI?
As of October 16, 2026, FTCA holds $697.56 M in assets under management (AUM), while TAFI manages $1.44 B.
What sectors do the FTCA and TAFI ETFs invest in?
FTCA leans toward sectors like Municipal. Meanwhile, TAFI focuses on Municipal.
What are the top holdings of the FTCA ETF and TAFI ETF?
FTCA top holdings include California Pollution Control Financing Authority, 5% 21nov2045, USD, US30309HAA59 and Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016). TAFI holds in its top three: Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22.
Which ETF is more diversified: FTCA or TAFI?
FTCA holds 288 securities with 19.13% of its assets in the top 15. TAFI has 691 securities and a top 15 weight of 12.84%.
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