TAFIvsFTCAETF Comparison
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AB Tax-Aware Short Duration Municipal ETF (TAFI) and Franklin California Municipal Income ETF (FTCA) belong to the same industry segment: Municipal Bonds. TAFI's top 3 sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. In contrast, FTCA's top sector exposures are Municipal. TAFI is less expensive with a Total Expense Ratio (TER) of 0.27%, versus 0.35% for FTCA. TAFI is up 0.49% year-to-date (YTD) with +$397M in YTD flows. FTCA performs worse with -4.86% YTD performance, and +$142M in YTD flows. Run a side-by-side ETF comparison of TAFI and FTCA 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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TAFI vs FTCA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAFI FTCA | -0.05%-1.24% | -0.78%-5.77% | +0.49%-4.86% | +0.92%n/a | +11.08%n/a | n/an/a |
| Flows | TAFI FTCA | +$75M+$145M | +$78M+$113M | +$397M+$142M | +$509M- | +$1.26B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFI FTCA | +2.14%+6.42% | +1.34%n/a | +1.47%n/a | n/an/a |
| Max drawdown | TAFI FTCA | -2.23%-7.86% | -2.28%n/a | -2.28%n/a | n/an/a |
| Max drawdown duration | TAFI FTCA | 64d92d | 102dn/a | 102dn/a | n/an/a |
Trading data
TAFI | FTCA | |
Last sale 10/16/2026 at 1:30 PM | $24.76 | $6.93 |
| Previous close 10/15/2026 | $24.74 | $6.94 |
| 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
TAFI | FTCA | |
|---|---|---|
| Last price | $24.76 | $6.93 |
| 1D performance | +0.08% | -0.14% |
| AuM | $1.44 B | $697.56 M |
| E/R | 0.27% | 0.35% |
Characteristics
TAFI | FTCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AllianceBernstein | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 237 | 62 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2022 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
TAFI
USA
38.46%
Other
61.54%
FTCA
USA
36.47%
Other
63.53%
Sectors
TAFI
Municipal
37.95%
Other
62.05%
FTCA
Municipal
36.47%
Other
63.53%
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Diversification
TAFI
Total weight of top 15 holdings out of 15
12.84%
FTCA
Total weight of top 15 holdings out of 15
19.13%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about TAFI and FTCA
How have the TAFI and FTCA ETFs performed in 2026?
As of October 16, 2026, TAFI is up 0.49% year-to-date (YTD), while FTCA has lost -4.86%. That puts TAFI better performer ahead so far this year.
Which ETF is attracting more investor money: TAFI or FTCA?
Year-to-date, the TAFI ETF saw +$397M in flows, compared to +$142M for FTCA.
Which ETF is bigger: TAFI or FTCA?
As of October 16, 2026, TAFI holds $1.44 B in assets under management (AUM), while FTCA manages $697.56 M.
What sectors do the TAFI and FTCA ETFs invest in?
TAFI leans toward sectors like Municipal. Meanwhile, FTCA focuses on Municipal.
What are the top holdings of the TAFI ETF and FTCA ETF?
TAFI top holdings include Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22. FTCA holds in its top three: California Pollution Control Financing Authority, 5% 21nov2045, USD, US30309HAA59 and Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016).
Which ETF is more diversified: TAFI or FTCA?
TAFI holds 691 securities with 12.84% of its assets in the top 15. FTCA has 288 securities and a top 15 weight of 19.13%.
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