TAFIvsTAXIETF Comparison
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AB Tax-Aware Short Duration Municipal ETF (TAFI) and Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) belong to the same industry segment: Municipal Bonds. TAFI's top 3 sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. In contrast, TAXI's top sector exposures are Municipal. TAFI is more expensive with a Total Expense Ratio (TER) of 0.27%, versus 0.05% for TAXI. TAFI is up 1.11% year-to-date (YTD) with +$314M in YTD flows. TAXI performs worse with -0.11% YTD performance, and +$115M in YTD flows. Run a side-by-side ETF comparison of TAFI and TAXI 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 TAXI 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 TAXI | +0.09%-0.29% | +0.06%-1.06% | +1.11%-0.11% | +2.28%+3.16% | +10.90%n/a | n/an/a |
| Flows | TAFI TAXI | +$5M-$4M | +$121M+$70M | +$314M+$115M | +$517M+$158M | +$1.19B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFI TAXI | +0.94%+1.74% | +0.96%+1.72% | +1.40%n/a | n/an/a |
| Max drawdown | TAFI TAXI | -0.60%-1.42% | -1.17%-2.18% | -1.71%n/a | n/an/a |
| Max drawdown duration | TAFI TAXI | 57d58d | 116d185d | 59dn/a | n/an/a |
Trading data
TAFI | TAXI | |
Last sale 9/3/2026 at 1:30 PM | $24.98 | $50.25 |
| Previous close 09/02/2026 | $24.97 | $50.25 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 3, 2026
1-year trailing difference
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TAFI
is actively managed and doesn’t replicate an indexTAFI | TAXI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 1:30 PM
Live
Closed
TAFI | TAXI | |
|---|---|---|
| Last price | $24.98 | $50.25 |
| 1D performance | +0.04% | -0.00% |
| AuM | $1.37 B | $163.81 M |
| E/R | 0.27% | 0.05% |
Characteristics
TAFI | TAXI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AllianceBernstein | Northern Trust |
| Benchmark | - | ICE Intermediate Term Focused Municipal Bond Index |
| N° of holdings | 244 | 929 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2022 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
TAFI
USA
39.87%
Other
60.13%
TAXI
USA
39.41%
Other
60.59%
Sectors
TAFI
Municipal
39.34%
Other
60.66%
TAXI
Municipal
39.41%
Other
60.59%
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Diversification
TAFI
Total weight of top 15 holdings out of 15
12.69%
TAXI
Total weight of top 15 holdings out of 15
2.53%
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%
TAXI
US64972GU289
0.30%
US56879EHE23
0.17%
Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1)
0.16%
Energy Southeast, 5.5% 1nov2053, USD (2023A-1)
0.16%
State of Washington, 5% 1jun2040, USD (2026F)
0.16%
US49151HBK14
0.16%
US64972JB721
0.16%
US79467BKE47
0.16%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.16%
US09182TJE82
0.16%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.16%
US13013JGF75
0.16%
US915183Z598
0.15%
US09182TCG04
0.15%
US292723AY90
0.15%
Frequently asked questions about TAFI and TAXI
How have the TAFI and TAXI ETFs performed in 2026?
As of September 1, 2026, TAFI is up 1.11% year-to-date (YTD), while TAXI has lost -0.11%. That puts TAFI better performer ahead so far this year.
Which ETF is attracting more investor money: TAFI or TAXI?
Year-to-date, the TAFI ETF saw +$314M in flows, compared to +$115M for TAXI.
Which ETF is more volatile: TAFI or TAXI?
Over the past year, TAFI had a volatility of 0.96%, while TAXI experienced 1.72%.
Which ETF is bigger: TAFI or TAXI?
As of September 1, 2026, TAFI holds $1.37 B in assets under management (AUM), while TAXI manages $163.81 M.
What sectors do the TAFI and TAXI ETFs invest in?
TAFI leans toward sectors like Municipal. Meanwhile, TAXI focuses on Municipal.
What are the top holdings of the TAFI ETF and TAXI ETF?
TAFI top holdings include Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22. TAXI holds in its top three: US64972GU289, US56879EHE23 and Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1).
Which ETF is more diversified: TAFI or TAXI?
TAFI holds 691 securities with 12.69% of its assets in the top 15. TAXI has 2530 securities and a top 15 weight of 2.53%.
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Latest news about TAFI & TAXI
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXI
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