TAFLvsFBNDETF Comparison
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AB Tax-Aware Long Municipal ETF (TAFL) belongs to the Municipal Bonds segment. Fidelity Total Bond ETF (FBND) is part of the Intl Aggregate Bonds segment. TAFL's top 1 sector exposures are Municipal. In contrast, FBND's top sector exposures are Sovereign, Finance and Industrials. TAFL is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.36% for FBND. TAFL is down -0.68% year-to-date (YTD) with +$14M in YTD flows. FBND performs better with -0.48% YTD performance, and +$6.13B in YTD flows. Run a side-by-side ETF comparison of TAFL and FBND 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 FBND 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 FBND | +4.33%+2.30% | -2.33%-0.42% | -0.68%-0.48% | -0.85%-0.21% | n/a+18.98% | n/a+2.40% |
| Flows | TAFL FBND | -$4M- | +$276K+$1.74B | +$14M+$6.13B | +$28M+$7.60B | -+$23.46B | -+$27.58B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFL FBND | +6.83%+4.59% | +4.25%+3.83% | n/a+4.79% | n/a+5.61% |
| Max drawdown | TAFL FBND | -6.79%-3.50% | -7.70%-4.67% | n/a-4.67% | n/a-17.01% |
| Max drawdown duration | TAFL FBND | 77d66d | 115d243d | n/a243d | n/a1387d |
Trading data
TAFL | FBND | |
Last sale 10/30/2026 at 1:30 PM | $24.11 | $44.16 |
| Previous close 10/29/2026 | $24.04 | $44.04 |
| 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 | FBND | |
|---|---|---|
| Last price | $24.11 | $44.16 |
| 1D performance | +0.31% | +0.27% |
| AuM | $58.89 M | $28.43 B |
| E/R | 0.28% | 0.36% |
Characteristics
TAFL | FBND | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AllianceBernstein | Fidelity |
| Benchmark | - | - |
| N° of holdings | 62 | 1097 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2023 | October 6, 2014 |
| ESG | No | No |
Exposure
Countries
TAFL
USA
56.23%
Other
43.77%
FBND
USA
58.96%
Other
41.04%
Sectors
TAFL
Municipal
56.23%
Other
43.77%
FBND
Sovereign
35.1%
Finance
12.34%
Other
52.56%
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Diversification
TAFL
Total weight of top 15 holdings out of 15
29.2%
FBND
Total weight of top 15 holdings out of 15
22.07%
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%
FBND
US31635A1051
3.89%
USA, Notes 4.375% 15may2036, USD (C-2036)
2.61%
USA, Notes 4.125% 15feb2036, USD (B-2036)
1.97%
USA, Notes 4.25% 15aug2035, USD (E-2035)
1.80%
USA, Bonds 5% 15may2056, USD
1.35%
USA, Notes 3.875% 31dec2032, USD (T-2032)
1.32%
USA, Bonds 4.25% 15feb2054, USD
1.31%
USA, Bonds 4.5% 15nov2054, USD
1.08%
US21H0526A19
1.03%
USA, Notes 4% 31jan2033, USD (G-2033)
1.02%
USA, Notes 4.25% 15may2035, USD (C-2035)
1.00%
USA, Bonds 4.75% 15aug2055, USD
0.96%
USA, Notes 4.125% 31mar2032, USD (J-2032)
0.92%
USA, Notes 4.125% 31may2032, USD (L-2032)
0.92%
USA, Bonds 4.75% 15may2055, USD
0.89%
Frequently asked questions about TAFL and FBND
How have the TAFL and FBND ETFs performed in 2026?
As of October 29, 2026, TAFL is down -0.68% year-to-date (YTD), while FBND has lost -0.48%. That puts FBND better performer ahead so far this year.
Which ETF is attracting more investor money: TAFL or FBND?
Year-to-date, the TAFL ETF saw +$14M in flows, compared to +$6.13B for FBND.
Which ETF is more volatile: TAFL or FBND?
Over the past year, TAFL had a volatility of 4.25%, while FBND experienced 3.83%.
Which ETF is bigger: TAFL or FBND?
As of October 29, 2026, TAFL holds $58.89 M in assets under management (AUM), while FBND manages $28.43 B.
What sectors do the TAFL and FBND ETFs invest in?
TAFL leans toward sectors like Municipal. Meanwhile, FBND focuses on Sovereign and Finance.
What are the top holdings of the TAFL ETF and FBND ETF?
TAFL top holdings include US896035DE92, Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025) and Chicago, 5.25% 1nov2061, USD (2026A). FBND holds in its top three: US31635A1051, USA, Notes 4.375% 15may2036, USD (C-2036) and USA, Notes 4.125% 15feb2036, USD (B-2036).
Which ETF is more diversified: TAFL or FBND?
TAFL holds 123 securities with 29.2% of its assets in the top 15. FBND has 2253 securities and a top 15 weight of 22.07%.
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Latest news about TAFL & FBND
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