IROCvsTAFMETF Comparison
VS
Invesco Rochester High Yield Municipal ETF (IROC) belongs to the US Aggregate Bonds segment. AB Tax-Aware Intermediate Municipal ETF (TAFM) is part of the Municipal Bonds segment. IROC's top 1 sector exposures are Municipal. In contrast, TAFM's top sector exposures are Municipal and Industrials. IROC is more expensive with a Total Expense Ratio (TER) of 0.4%, versus 0.28% for TAFM. IROC is down -2.14% year-to-date (YTD) with +$98M in YTD flows. TAFM performs better with -1.06% YTD performance, and +$672M in YTD flows. Run a side-by-side ETF comparison of IROC and TAFM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
IROC vs TAFM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | IROC TAFM | +0.66%+0.38% | -2.26%-2.25% | -2.14%-1.06% | -1.60%-0.81% | +14.22%n/a | n/an/a |
| Flows | IROC TAFM | +$34M+$318M | +$71M+$428M | +$98M+$672M | +$138M+$746M | +$173M- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | IROC TAFM | +5.73%+5.50% | +3.60%+3.37% | +3.52%n/a | n/an/a |
| Max drawdown | IROC TAFM | -6.05%-5.76% | -7.11%-6.61% | -7.11%n/a | n/an/a |
| Max drawdown duration | IROC TAFM | 71d70d | 109d108d | 109dn/a | n/an/a |
Trading data
IROC | TAFM | |
Last sale 10/23/2026 at 1:30 PM | $48.70 | $24.57 |
| Previous close 10/22/2026 | $48.66 | $24.50 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
IROC | TAFM | |
|---|---|---|
| Last price | $48.70 | $24.57 |
| 1D performance | +0.08% | +0.29% |
| AuM | $198.29 M | $1.10 B |
| E/R | 0.4% | 0.28% |
Characteristics
IROC | TAFM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Invesco | AllianceBernstein |
| Benchmark | - | - |
| N° of holdings | 71 | 253 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 12, 2022 | December 13, 2023 |
| ESG | No | No |
Advertisement
Exposure
Countries
IROC
USA
40.88%
Other
59.12%
TAFM
USA
41.1%
Other
58.9%
Sectors
IROC
Municipal
40.88%
Other
59.12%
TAFM
Municipal
40.89%
Other
59.11%
Advertisement
Diversification
IROC
Total weight of top 15 holdings out of 15
18.23%
TAFM
Total weight of top 15 holdings out of 15
7.34%
Top 15 holdings
Data as of August 31, 2026
IROC
Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A)
1.28%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.28%
US13013JGF75
1.25%
US37353PWV74
1.25%
US812643H643
1.24%
US121342PQ61
1.24%
City of New York, FRN 1dec2047, USD
1.24%
Gulf Coast Industrial Development Authority, FRN 1nov2041, USD (2012)
1.24%
US686507NQ33
1.24%
US677561LA84
1.24%
Washington Suburban Sanitary District, FRN 1jun2027, USD
1.24%
Mississippi Business Finance Corp., FRN 1nov2035, USD (2010I)
1.24%
US63608TBR05
1.09%
Texas, 5% 1aug2041, USD
1.07%
Massachusetts Development Finance Agency, 5% 1jan2047, USD
1.05%
TAFM
Idaho, 4% 30jun2027, USD (2026)
0.67%
US915260FV02
0.66%
Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B)
0.57%
California Community Choice Financing Authority, 5% 1apr2056, USD (2026A-1)
0.49%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
0.48%
Chicago Transit Authority, 5% 1dec2049, USD (2024A)
0.47%
US7485082P22
0.47%
New York Transitional Finance Authority, 5.25% 1may2055, USD (2026)
0.47%
US646140KU60
0.47%
US04780M7G87
0.46%
Wisconsin Public Finance Authority, 6.5% 30jun2060, USD (2025)
0.45%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.44%
US544446AS64
0.42%
Vail, 5.5% 1dec2064, USD (2025)
0.42%
New York Transportation Development Corp., 6% 30jun2059, USD (2025)
0.41%
Frequently asked questions about IROC and TAFM
How have the IROC and TAFM ETFs performed in 2026?
As of October 23, 2026, IROC is down -2.14% year-to-date (YTD), while TAFM has lost -1.06%. That puts TAFM better performer ahead so far this year.
Which ETF is attracting more investor money: IROC or TAFM?
Year-to-date, the IROC ETF saw +$98M in flows, compared to +$672M for TAFM.
Which ETF is more volatile: IROC or TAFM?
Over the past year, IROC had a volatility of 3.6%, while TAFM experienced 3.37%.
Which ETF is bigger: IROC or TAFM?
As of October 23, 2026, IROC holds $198.29 M in assets under management (AUM), while TAFM manages $1.10 B.
What sectors do the IROC and TAFM ETFs invest in?
IROC leans toward sectors like Municipal. Meanwhile, TAFM focuses on Municipal.
What are the top holdings of the IROC ETF and TAFM ETF?
IROC top holdings include Central Plains Energy Gas Project, 5% 1sep2042, USD (2017A), Kentucky Public Energy Authority, 5% 1dec2033, USD (2025) and US13013JGF75. TAFM holds in its top three: Idaho, 4% 30jun2027, USD (2026), US915260FV02 and Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B).
Which ETF is more diversified: IROC or TAFM?
IROC holds 174 securities with 18.23% of its assets in the top 15. TAFM has 667 securities and a top 15 weight of 7.34%.
Advertisement
Advertisement
