TAFIvsJCALETF Comparison
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AB Tax-Aware Short Duration Municipal ETF (TAFI) and JPMorgan California Tax Free Bond ETF (JCAL) belong to the same industry segment: Municipal Bonds. TAFI's top 3 sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. In contrast, JCAL's top sector exposures are Municipal and Sovereign. TAFI is less expensive with a Total Expense Ratio (TER) of 0.27%, versus 0.44% for JCAL. Run a side-by-side ETF comparison of TAFI and JCAL 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 JCAL 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 JCAL | -0.05%-0.29% | -0.78%-3.05% | +0.49%n/a | +0.92%n/a | +11.08%n/a | n/an/a |
| Flows | TAFI JCAL | +$75M+$19M | +$78M+$19M | +$397M- | +$509M- | +$1.26B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFI JCAL | +2.14%+4.53% | +1.34%n/a | +1.47%n/a | n/an/a |
| Max drawdown | TAFI JCAL | -2.23%-5.18% | -2.28%n/a | -2.28%n/a | n/an/a |
| Max drawdown duration | TAFI JCAL | 64d92d | 102dn/a | 102dn/a | n/an/a |
Trading data
TAFI | JCAL | |
Last sale 10/19/2026 at 2:43 PM | $24.74 | $47.91 |
| Previous close 10/16/2026 | $24.76 | $47.91 |
| 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 2:43 PM
Live
Closed
TAFI | JCAL | |
|---|---|---|
| Last price | $24.74 | $47.91 |
| 1D performance | -0.08% | +0.00% |
| AuM | $1.44 B | $507.02 M |
| E/R | 0.27% | 0.44% |
Characteristics
TAFI | JCAL | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AllianceBernstein | J.P. Morgan Asset Management |
| Benchmark | - | - |
| N° of holdings | 237 | 106 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2022 | June 12, 2026 |
| ESG | No | No |
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Exposure
Countries
TAFI
USA
38.46%
Other
61.54%
JCAL
USA
37.65%
Other
62.35%
Sectors
TAFI
Municipal
37.95%
Other
62.05%
JCAL
Municipal
36.62%
Other
63.38%
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Diversification
TAFI
Total weight of top 15 holdings out of 15
12.84%
JCAL
Total weight of top 15 holdings out of 15
16.11%
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%
JCAL
US072024ZH86
2.06%
US072024C758
1.77%
US568087BK56
1.12%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
1.10%
US13063EGP51
1.03%
California, FRN 1may2033, USD (2003A-1)
1.03%
US91412HTJ22
1.03%
USA, Bills 0% 10sep2026, USD (182D)
1.03%
US13032U7S16
0.99%
California Infrastructure and Economic Development Bank, 5% 1nov2029, USD (2024)
0.96%
US13013JHG40
0.83%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.80%
US13034A3Y44
0.79%
Alvord Unified School District, 0% 1aug2036, USD (2011B, 9179D)
0.79%
Sacramento Municipal Utility District, 5% 15aug2049, USD (2023)
0.78%
Frequently asked questions about TAFI and JCAL
Which ETF is bigger: TAFI or JCAL?
As of October 16, 2026, TAFI holds $1.44 B in assets under management (AUM), while JCAL manages $507.02 M.
What sectors do the TAFI and JCAL ETFs invest in?
TAFI leans toward sectors like Municipal. Meanwhile, JCAL focuses on Municipal.
What are the top holdings of the TAFI ETF and JCAL ETF?
TAFI top holdings include Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22. JCAL holds in its top three: US072024ZH86, US072024C758 and US568087BK56.
Which ETF is more diversified: TAFI or JCAL?
TAFI holds 691 securities with 12.84% of its assets in the top 15. JCAL has 306 securities and a top 15 weight of 16.11%.
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