JCALvsTAFMETF Comparison
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JPMorgan California Tax Free Bond ETF (JCAL) and AB Tax-Aware Intermediate Municipal ETF (TAFM) belong to the same industry segment: Municipal Bonds. JCAL's top 1 sector exposures are Municipal. In contrast, TAFM's top sector exposures are Municipal and Industrials. JCAL is more expensive with a Total Expense Ratio (TER) of 0.44%, versus 0.28% for TAFM. Run a side-by-side ETF comparison of JCAL 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.
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JCAL vs TAFM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/30/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | JCAL TAFM | +3.31%+4.08% | -0.50%-1.45% | n/a-0.43% | n/a-0.22% | n/an/a | n/an/a |
| Flows | JCAL TAFM | -$12M+$338M | +$14M+$441M | -+$694M | -+$754M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JCAL TAFM | +4.64%+5.39% | n/a+3.39% | n/an/a | n/an/a |
| Max drawdown | JCAL TAFM | -5.04%-5.76% | n/a-6.61% | n/an/a | n/an/a |
| Max drawdown duration | JCAL TAFM | 78d77d | n/a115d | n/an/a | n/an/a |
Trading data
JCAL | TAFM | |
Last sale 11/2/2026 at 2:30 PM | $48.56 | $24.71 |
| Previous close 10/30/2026 | $48.79 | $24.77 |
| Consolidated volume 10/30/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 11/2/2026 at 2:30 PM
Live
Closed
JCAL | TAFM | |
|---|---|---|
| Last price | $48.56 | $24.71 |
| 1D performance | -0.47% | -0.24% |
| AuM | $510.77 M | $1.13 B |
| E/R | 0.44% | 0.28% |
Characteristics
JCAL | TAFM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | J.P. Morgan Asset Management | AllianceBernstein |
| Benchmark | - | - |
| N° of holdings | 112 | 246 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 12, 2026 | December 13, 2023 |
| ESG | No | No |
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Exposure
Countries
JCAL
USA
40.33%
Other
59.67%
TAFM
USA
39.17%
Other
60.83%
Sectors
JCAL
Municipal
40.33%
Other
59.67%
TAFM
Municipal
38.96%
Other
61.04%
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Diversification
JCAL
Total weight of top 15 holdings out of 15
16.28%
TAFM
Total weight of top 15 holdings out of 15
7.3%
Top 15 holdings
Data as of September 30, 2026
JCAL
US072024ZH86
2.13%
US072024C758
1.83%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
1.09%
US13063EGP51
1.07%
California, FRN 1may2033, USD (2003A-1)
1.07%
US568087BK56
1.06%
County of Santa Clara, 4% 1aug2038, USD
0.99%
US13032U7S16
0.98%
California Infrastructure and Economic Development Bank, 5% 1nov2029, USD (2024)
0.97%
North Orange Community College District, 4% 1aug2044, USD
0.94%
US13032UX453
0.92%
California Community Choice Financing Authority, 5% 1dec2035, USD (2025G)
0.83%
US13034A3Y44
0.82%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.80%
Sacramento Municipal Utility District, 5% 15aug2049, USD (2023)
0.78%
TAFM
US915260FV02
0.66%
Idaho, 4% 30jun2027, USD (2026)
0.66%
Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B)
0.55%
US906347UF41
0.48%
US7485082P22
0.47%
California Community Choice Financing Authority, 5% 1apr2056, USD (2026A-1)
0.46%
US01065CAE30
0.46%
US01065CAM55
0.46%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
0.46%
New York Transitional Finance Authority, 5.25% 1may2055, USD (2026)
0.46%
Chicago Transit Authority, 5% 1dec2049, USD (2024A)
0.45%
US646140KU60
0.44%
US04780M7G87
0.44%
Wisconsin Public Finance Authority, 6.5% 30jun2060, USD (2025)
0.44%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.43%
Frequently asked questions about JCAL and TAFM
Which ETF is bigger: JCAL or TAFM?
As of October 30, 2026, JCAL holds $510.77 M in assets under management (AUM), while TAFM manages $1.13 B.
What sectors do the JCAL and TAFM ETFs invest in?
JCAL leans toward sectors like Municipal. Meanwhile, TAFM focuses on Municipal.
What are the top holdings of the JCAL ETF and TAFM ETF?
JCAL top holdings include US072024ZH86, US072024C758 and California Community Choice Financing Authority, 5% 1feb2055, USD (2024D). TAFM holds in its top three: US915260FV02, Idaho, 4% 30jun2027, USD (2026) and Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B).
Which ETF is more diversified: JCAL or TAFM?
JCAL holds 307 securities with 16.28% of its assets in the top 15. TAFM has 679 securities and a top 15 weight of 7.3%.
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