TAFLvsAVMUETF Comparison
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AB Tax-Aware Long Municipal ETF (TAFL) and Avantis Core Municipal Fixed Income ETF (AVMU) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TAFL is more expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.15% for AVMU. TAFL is down -0.68% year-to-date (YTD) with +$14M in YTD flows. AVMU performs worse with -0.87% YTD performance, and +$28M in YTD flows. Run a side-by-side ETF comparison of TAFL and AVMU 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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TAFL vs AVMU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAFL AVMU | +4.33%+4.34% | -2.33%-0.67% | -0.68%-0.87% | -0.85%-0.31% | n/a+13.28% | n/a+2.81% |
| Flows | TAFL AVMU | -$4M+$2M | +$276K+$4M | +$14M+$28M | +$28M+$28M | -+$71M | -+$151M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFL AVMU | +6.83%+6.33% | +4.25%+3.94% | n/a+4.31% | n/a+4.07% |
| Max drawdown | TAFL AVMU | -6.79%-6.71% | -7.70%-7.85% | n/a-7.85% | n/a-11.89% |
| Max drawdown duration | TAFL AVMU | 77d78d | 115d243d | n/a243d | n/a1062d |
Trading data
TAFL | AVMU | |
Last sale 10/30/2026 at 1:30 PM | $24.11 | $44.46 |
| Previous close 10/29/2026 | $24.04 | $44.19 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
TAFL | AVMU | |
|---|---|---|
| Last price | $24.11 | $44.46 |
| 1D performance | +0.31% | +0.62% |
| AuM | $58.89 M | $171.73 M |
| E/R | 0.28% | 0.15% |
Characteristics
TAFL | AVMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AllianceBernstein | American Century Investments |
| Benchmark | - | - |
| N° of holdings | 62 | 304 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2023 | October 12, 2020 |
| ESG | No | No |
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Exposure
Countries
TAFL
USA
56.23%
Other
43.77%
AVMU
USA
53.78%
Other
46.22%
Sectors
TAFL
Municipal
56.23%
Other
43.77%
AVMU
Municipal
53.78%
Other
46.22%
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Diversification
TAFL
Total weight of top 15 holdings out of 15
29.2%
AVMU
Total weight of top 15 holdings out of 15
15.56%
Top 15 holdings
Data as of September 30, 2026
TAFL
US896035DE92
2.94%
Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025)
2.51%
Chicago, 5.25% 1nov2061, USD (2026A)
2.46%
West Linn-Wilsonville School District №3JT, 5% 15jun2046, USD (2026B)
2.09%
New York Dormitory Authority, 5% 15mar2055, USD (2025C)
1.94%
South Carolina Public Service Authority, 5.25% 1dec2054, USD (2024)
1.91%
US13048V7N23
1.75%
US494791UA28
1.72%
US544446BT39
1.71%
US13013JCM62
1.71%
US59333P7M43
1.71%
Cuyahoga, 5.5% 1dec2061, USD (2026)
1.70%
US052470AW12
1.69%
US576000E334
1.68%
Chicago O'Hare International Airport, 5.25% 1jan2040, USD (2025A)
1.68%
AVMU
San Antonio, 4% 15sep2042, USD
2.10%
US47770VCC28
1.65%
Miami Beach, 5% 1sep2040, USD (2015)
1.57%
US798025ML35
1.55%
City of New York, 5% 1aug2032, USD (2025)
1.07%
Grand Parkway Transportation Corp., 4% 1oct2045, USD (2020C)
0.91%
Colorado, 4% 15dec2040, USD (2021A)
0.81%
State of Washington, 5% 1feb2045, USD (2026C)
0.80%
US64985TCL35
0.78%
New York Dormitory Authority, 5% 1jul2041, USD (2016A)
0.76%
Mississippi, 5% 1oct2029, USD (2017A)
0.75%
US544532GP33
0.73%
District of Columbia, 4% 1mar2040, USD (2019A)
0.72%
Delaware Valley Regional Finance Authority, 5.75% 1jul2032, USD
0.69%
University of Michigan, 4% 15feb2044, USD (2019C)
0.66%
Frequently asked questions about TAFL and AVMU
How have the TAFL and AVMU ETFs performed in 2026?
As of October 29, 2026, TAFL is down -0.68% year-to-date (YTD), while AVMU has lost -0.87%. That puts TAFL better performer ahead so far this year.
Which ETF is attracting more investor money: TAFL or AVMU?
Year-to-date, the TAFL ETF saw +$14M in flows, compared to +$28M for AVMU.
Which ETF is more volatile: TAFL or AVMU?
Over the past year, TAFL had a volatility of 4.25%, while AVMU experienced 3.94%.
Which ETF is bigger: TAFL or AVMU?
As of October 29, 2026, TAFL holds $58.89 M in assets under management (AUM), while AVMU manages $171.73 M.
What sectors do the TAFL and AVMU ETFs invest in?
TAFL leans toward sectors like Municipal. Meanwhile, AVMU focuses on Municipal.
What are the top holdings of the TAFL ETF and AVMU ETF?
TAFL top holdings include US896035DE92, Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025) and Chicago, 5.25% 1nov2061, USD (2026A). AVMU holds in its top three: San Antonio, 4% 15sep2042, USD, US47770VCC28 and Miami Beach, 5% 1sep2040, USD (2015).
Which ETF is more diversified: TAFL or AVMU?
TAFL holds 123 securities with 29.2% of its assets in the top 15. AVMU has 541 securities and a top 15 weight of 15.56%.
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