PSQOvsTAFIETF Comparison
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Palmer Square Credit Opportunities ETF (PSQO) belongs to the US Aggregate Bonds segment. AB Tax-Aware Short Duration Municipal ETF (TAFI) is part of the Municipal Bonds segment. PSQO's top 3 sector exposures are Sovereign, Industrials and Non-Corporate. In contrast, TAFI's top sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. PSQO is more expensive with a Total Expense Ratio (TER) of 0.52%, versus 0.27% for TAFI. PSQO is up 3.13% year-to-date (YTD) with +$192M in YTD flows. TAFI performs worse with 0.49% YTD performance, and +$397M in YTD flows. Run a side-by-side ETF comparison of PSQO 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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PSQO 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. | PSQO TAFI | +0.14%-0.05% | +0.81%-0.78% | +3.13%+0.49% | +4.40%+0.92% | n/a+11.08% | n/an/a |
| Flows | PSQO TAFI | +$19M+$75M | +$46M+$78M | +$192M+$397M | +$214M+$509M | -+$1.26B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSQO TAFI | +0.59%+2.14% | +0.69%+1.34% | n/a+1.47% | n/an/a |
| Max drawdown | PSQO TAFI | -0.24%-2.23% | -0.68%-2.28% | n/a-2.28% | n/an/a |
| Max drawdown duration | PSQO TAFI | 22d64d | 40d102d | n/a102d | n/an/a |
Trading data
PSQO | TAFI | |
Last sale 10/19/2026 at 1:30 PM | $20.56 | $24.76 |
| Previous close 10/16/2026 | $20.59 | $24.76 |
| 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 10/19/2026 at 1:30 PM
Live
Closed
PSQO | TAFI | |
|---|---|---|
| Last price | $20.56 | $24.76 |
| 1D performance | -0.15% | +0.00% |
| AuM | $308.98 M | $1.44 B |
| E/R | 0.52% | 0.27% |
Characteristics
PSQO | TAFI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Palmer Square | AllianceBernstein |
| Benchmark | - | - |
| N° of holdings | 164 | 237 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2024 | September 13, 2022 |
| ESG | No | No |
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Exposure
Countries
PSQO
USA
38.48%
Other
61.52%
TAFI
USA
38.46%
Other
61.54%
Sectors
PSQO
Sovereign
10.89%
Industrials
7.3%
Other
81.81%
TAFI
Municipal
37.95%
Other
62.05%
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Diversification
PSQO
Total weight of top 15 holdings out of 15
21.52%
TAFI
Total weight of top 15 holdings out of 15
12.84%
Top 15 holdings
Data as of August 31, 2026
PSQO
Fidelity Investments Money Market Treasury Portfolio
5.68%
USA, Notes 3.875% 31dec2027, USD (AH-2027)
2.37%
USA, Notes 4% 31may2028, USD (BC-2028)
2.37%
USA, Notes 3.5% 31jan2028, USD (U-2028)
1.84%
USA, Notes 4% 31jan2029, USD (U-2029)
1.44%
USA, Bills 0% 5nov2026, USD (182D)
1.18%
US14317KAQ76
1.02%
USA, Bills 0% 19nov2026, USD (182D)
0.84%
US38190MAJ09
0.68%
US29002GAU58
0.68%
US89640AAY29
0.68%
US14315GAW50
0.68%
US671000AL11
0.68%
US55956CAA99
0.68%
Elmwood CLO 2025-1A, FRN 22apr2038, USD (ABS, A)
0.68%
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 PSQO and TAFI
How have the PSQO and TAFI ETFs performed in 2026?
As of October 16, 2026, PSQO is up 3.13% year-to-date (YTD), while TAFI has returned 0.49%. That puts PSQO better performer ahead so far this year.
Which ETF is attracting more investor money: PSQO or TAFI?
Year-to-date, the PSQO ETF saw +$192M in flows, compared to +$397M for TAFI.
Which ETF is more volatile: PSQO or TAFI?
Over the past year, PSQO had a volatility of 0.69%, while TAFI experienced 1.34%.
Which ETF is bigger: PSQO or TAFI?
As of October 16, 2026, PSQO holds $308.98 M in assets under management (AUM), while TAFI manages $1.44 B.
What sectors do the PSQO and TAFI ETFs invest in?
PSQO leans toward sectors like Sovereign and Industrials. Meanwhile, TAFI focuses on Municipal.
What are the top holdings of the PSQO ETF and TAFI ETF?
PSQO top holdings include Fidelity Investments Money Market Treasury Portfolio, USA, Notes 3.875% 31dec2027, USD (AH-2027) and USA, Notes 4% 31may2028, USD (BC-2028). TAFI holds in its top three: Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22.
Which ETF is more diversified: PSQO or TAFI?
PSQO holds 427 securities with 21.52% of its assets in the top 15. TAFI has 691 securities and a top 15 weight of 12.84%.
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