TAFIvsNUMIETF Comparison
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AB Tax-Aware Short Duration Municipal ETF (TAFI) and Nuveen Municipal Income ETF (NUMI) belong to the same industry segment: Municipal Bonds. TAFI's top 3 sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. In contrast, NUMI's top sector exposures are Municipal. TAFI is less expensive with a Total Expense Ratio (TER) of 0.27%, versus 0.3% for NUMI. TAFI is up 1.11% year-to-date (YTD) with +$314M in YTD flows. NUMI performs worse with -0.43% YTD performance, and +$21M in YTD flows. Run a side-by-side ETF comparison of TAFI and NUMI 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 NUMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAFI NUMI | +0.09%-0.72% | +0.06%-1.74% | +1.11%-0.43% | +2.28%+4.54% | +10.90%n/a | n/an/a |
| Flows | TAFI NUMI | +$5M+$3M | +$121M+$6M | +$314M+$21M | +$517M+$23M | +$1.19B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFI NUMI | +0.94%+2.58% | +0.96%+2.52% | +1.40%n/a | n/an/a |
| Max drawdown | TAFI NUMI | -0.60%-2.47% | -1.17%-2.76% | -1.71%n/a | n/an/a |
| Max drawdown duration | TAFI NUMI | 57d57d | 116d184d | 59dn/a | n/an/a |
Trading data
TAFI | NUMI | |
Last sale 9/3/2026 at 1:30 PM | $24.98 | $24.41 |
| Previous close 09/02/2026 | $24.97 | $24.43 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
TAFI | NUMI | |
|---|---|---|
| Last price | $24.98 | $24.41 |
| 1D performance | +0.04% | -0.05% |
| AuM | $1.37 B | $84.92 M |
| E/R | 0.27% | 0.3% |
Characteristics
TAFI | NUMI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AllianceBernstein | Nuveen |
| Benchmark | - | - |
| N° of holdings | 244 | 114 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2022 | January 22, 2025 |
| ESG | No | No |
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Exposure
Countries
TAFI
USA
39.87%
Other
60.13%
NUMI
USA
39.16%
Other
60.84%
Sectors
TAFI
Municipal
39.34%
Other
60.66%
NUMI
Municipal
39.16%
Other
60.84%
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Diversification
TAFI
Total weight of top 15 holdings out of 15
12.69%
NUMI
Total weight of top 15 holdings out of 15
14.66%
Top 15 holdings
Data as of July 31, 2026
TAFI
Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD
1.52%
US040507QB45
1.40%
US7485082P22
1.16%
City of New York, 5% 1feb2032, USD (2026)
1.04%
Colorado Health Facilities Authority, 5% 1sep2032, USD (2025A)
0.82%
Illinois Finance Authority, FRN 15nov2037, USD (2018)
0.76%
Revere, 4% 29jul2027, USD
0.74%
Miami-Dade School District, 4% 7jan2027, USD (2026)
0.74%
US574193XM57
0.73%
US09182TKL07
0.73%
New York Transitional Finance Authority, 5% 1nov2030, USD (2026)
0.71%
US544657JD25
0.67%
Orchard Park Central School District, 4% 30apr2027, USD (2026)
0.57%
US67756CGX02
0.56%
City of Los Angeles, 5% 24jun2027, USD (2026)
0.52%
NUMI
US005662PL97
1.33%
Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2026)
1.32%
US2084186P31
1.05%
US604196BH78
1.04%
US13077DVW90
1.01%
US103627AG07
1.00%
US194740UA26
0.99%
Austin, 5% 15nov2032, USD (2026B)
0.99%
US452227VL26
0.93%
US27627M5S24
0.91%
US60637AJX19
0.91%
North Carolina Capital Facilities Finance Agency, 5% 1jan2036, USD (2026)
0.90%
California, 5% 1sep2043, USD
0.81%
California, 5% 1mar2037, USD
0.76%
US972369SG80
0.71%
Frequently asked questions about TAFI and NUMI
How have the TAFI and NUMI ETFs performed in 2026?
As of September 1, 2026, TAFI is up 1.11% year-to-date (YTD), while NUMI has lost -0.43%. That puts TAFI better performer ahead so far this year.
Which ETF is attracting more investor money: TAFI or NUMI?
Year-to-date, the TAFI ETF saw +$314M in flows, compared to +$21M for NUMI.
Which ETF is more volatile: TAFI or NUMI?
Over the past year, TAFI had a volatility of 0.96%, while NUMI experienced 2.52%.
Which ETF is bigger: TAFI or NUMI?
As of September 1, 2026, TAFI holds $1.37 B in assets under management (AUM), while NUMI manages $84.92 M.
What sectors do the TAFI and NUMI ETFs invest in?
TAFI leans toward sectors like Municipal. Meanwhile, NUMI focuses on Municipal.
What are the top holdings of the TAFI ETF and NUMI ETF?
TAFI top holdings include Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22. NUMI holds in its top three: US005662PL97, Pennsylvania Turnpike Commission, 5% 1dec2040, USD (2026) and US2084186P31.
Which ETF is more diversified: TAFI or NUMI?
TAFI holds 691 securities with 12.69% of its assets in the top 15. NUMI has 277 securities and a top 15 weight of 14.66%.
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Latest news about TAFI & NUMI
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