JHMUvsTAFIETF Comparison
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John Hancock Dynamic Municipal Bond ETF (JHMU) and AB Tax-Aware Short Duration Municipal ETF (TAFI) belong to the same industry segment: Municipal Bonds. JHMU's top 1 sector exposures are Municipal. In contrast, TAFI's top sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. JHMU is more expensive with a Total Expense Ratio (TER) of 1.01%, versus 0.27% for TAFI. JHMU is down -1.62% year-to-date (YTD) with +$54M in YTD flows. TAFI performs better with 0.49% YTD performance, and +$397M in YTD flows. Run a side-by-side ETF comparison of JHMU 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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JHMU 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. | JHMU TAFI | -0.23%-0.05% | -3.06%-0.78% | -1.62%+0.49% | -0.96%+0.92% | n/a+11.08% | n/an/a |
| Flows | JHMU TAFI | +$50M+$75M | +$51M+$78M | +$54M+$397M | +$63M+$509M | -+$1.26B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | JHMU TAFI | +4.89%+2.14% | +3.11%+1.34% | n/a+1.47% | n/an/a |
| Max drawdown | JHMU TAFI | -5.48%-2.23% | -6.15%-2.28% | n/a-2.28% | n/an/a |
| Max drawdown duration | JHMU TAFI | 92d64d | 102d102d | n/a102d | n/an/a |
Trading data
JHMU | TAFI | |
Last sale 10/16/2026 at 1:30 PM | $25.10 | $24.76 |
| Previous close 10/15/2026 | $25.07 | $24.74 |
| Consolidated volume 10/15/2026 | ||
| 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
JHMU | TAFI | |
|---|---|---|
| Last price | $25.10 | $24.76 |
| 1D performance | +0.13% | +0.08% |
| AuM | $93.43 M | $1.44 B |
| E/R | 1.01% | 0.27% |
Characteristics
JHMU | TAFI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | John Hancock Investments | AllianceBernstein |
| Benchmark | - | - |
| N° of holdings | 46 | 237 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 31, 2023 | September 13, 2022 |
| ESG | No | No |
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Exposure
Countries
JHMU
USA
39.44%
Other
60.56%
TAFI
USA
38.46%
Other
61.54%
Sectors
JHMU
Municipal
39.44%
Other
60.56%
TAFI
Municipal
37.95%
Other
62.05%
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Diversification
JHMU
Total weight of top 15 holdings out of 15
16.67%
TAFI
Total weight of top 15 holdings out of 15
12.84%
Top 15 holdings
Data as of August 31, 2026
JHMU
US735389P517
1.73%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
1.71%
US34061UEX28
1.66%
Indiana Finance Authority, 3% 1nov2030, USD (2010A)
1.61%
US64579RDU86
0.92%
Connecticut Health and Educational Facilities Authority, 5% 1jul2036, USD
0.91%
Utility Debt Securitization Authority, 5% 15dec2041, USD (2025TE-2)
0.91%
US7436003H96
0.91%
US45130ABK07
0.90%
Maricopa Industrial Development Authority, 5% 1jan2038, USD (2026D)
0.90%
US57421CLQ59
0.90%
US79467BKC80
0.90%
US79467BKA25
0.90%
US091096PZ48
0.90%
US795576LT29
0.90%
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 JHMU and TAFI
How have the JHMU and TAFI ETFs performed in 2026?
As of October 16, 2026, JHMU is down -1.62% 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: JHMU or TAFI?
Year-to-date, the JHMU ETF saw +$54M in flows, compared to +$397M for TAFI.
Which ETF is more volatile: JHMU or TAFI?
Over the past year, JHMU had a volatility of 3.11%, while TAFI experienced 1.34%.
Which ETF is bigger: JHMU or TAFI?
As of October 16, 2026, JHMU holds $93.43 M in assets under management (AUM), while TAFI manages $1.44 B.
What sectors do the JHMU and TAFI ETFs invest in?
JHMU leans toward sectors like Municipal. Meanwhile, TAFI focuses on Municipal.
What are the top holdings of the JHMU ETF and TAFI ETF?
JHMU top holdings include US735389P517, Black Belt Energy Gas District, 5% 1dec2034, USD (2026) and US34061UEX28. TAFI holds in its top three: Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22.
Which ETF is more diversified: JHMU or TAFI?
JHMU holds 116 securities with 16.67% of its assets in the top 15. TAFI has 691 securities and a top 15 weight of 12.84%.
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