TAFLvsHYDETF Comparison
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AB Tax-Aware Long Municipal ETF (TAFL) and VanEck High Yield Muni ETF (HYD) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TAFL is less expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.32% for HYD. TAFL is down -0.68% year-to-date (YTD) with +$14M in YTD flows. HYD performs better with 0.09% YTD performance, and +$713M in YTD flows. Run a side-by-side ETF comparison of TAFL and HYD 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 HYD 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 HYD | +4.33%+3.22% | -2.33%-1.48% | -0.68%+0.09% | -0.85%+0.51% | n/a+17.36% | n/a-2.33% |
| Flows | TAFL HYD | -$4M+$592M | +$276K+$240M | +$14M+$713M | +$28M+$1.15B | -+$2.06B | -+$1.80B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFL HYD | +6.83%+5.91% | +4.25%+3.75% | n/a+4.49% | n/a+4.68% |
| Max drawdown | TAFL HYD | -6.79%-6.09% | -7.70%-6.77% | n/a-6.77% | n/a-19.44% |
| Max drawdown duration | TAFL HYD | 77d78d | 115d116d | n/a116d | n/a1761d |
Trading data
TAFL | HYD | |
Last sale 10/30/2026 at 1:30 PM | $24.11 | $49.64 |
| Previous close 10/29/2026 | $24.04 | $49.47 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of November 2, 2026
1-year trailing difference
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TAFL
is actively managed and doesn’t replicate an indexTAFL | HYD | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
TAFL | HYD | |
|---|---|---|
| Last price | $24.11 | $49.64 |
| 1D performance | +0.31% | +0.34% |
| AuM | $58.89 M | $4.60 B |
| E/R | 0.28% | 0.32% |
Characteristics
TAFL | HYD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AllianceBernstein | VanEck |
| Benchmark | - | ICE Broad High Yield Crossover Municipal Index |
| N° of holdings | 62 | 670 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2023 | February 4, 2009 |
| ESG | No | No |
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Exposure
Countries
TAFL
USA
56.23%
Other
43.77%
HYD
USA
59.89%
Other
40.11%
Sectors
TAFL
Municipal
56.23%
Other
43.77%
HYD
Municipal
59.89%
Other
40.11%
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Diversification
TAFL
Total weight of top 15 holdings out of 15
29.2%
HYD
Total weight of top 15 holdings out of 15
9.27%
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%
HYD
Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D)
1.06%
Chicago Board of Education, 5% 1dec2042, USD (2012A)
0.86%
Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B)
0.81%
New York Transportation Development Corp., 5% 1jul2046, USD (2016A)
0.71%
Puerto Rico Sales Tax Financing Corp., 4.75% 1jul2053, USD
0.66%
Chicago Board of Education, 5.25% 1dec2039, USD (2015C)
0.60%
Florida Development Finance Corp., 5% 1jul2044, USD (2024)
0.55%
New York Transportation Development Corp., 5.25% 1jan2050, USD (2016A)
0.55%
Iowa Finance Authority, 4.75% 1aug2042, USD (2012)
0.53%
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
0.51%
California Statewide Communities Development Authority, 5.25% 1dec2056, USD (2016A)
0.51%
Arkansas Development Finance Authority, 5.45% 1sep2052, USD (2022)
0.50%
Florida Development Finance Corp., 5.25% 1jul2053, USD (2024)
0.48%
US442349GA89
0.48%
California Statewide Communities Development Authority, 5% 1dec2041, USD (2016A)
0.47%
Frequently asked questions about TAFL and HYD
How have the TAFL and HYD ETFs performed in 2026?
As of October 29, 2026, TAFL is down -0.68% year-to-date (YTD), while HYD has returned 0.09%. That puts HYD better performer ahead so far this year.
Which ETF is attracting more investor money: TAFL or HYD?
Year-to-date, the TAFL ETF saw +$14M in flows, compared to +$713M for HYD.
Which ETF is more volatile: TAFL or HYD?
Over the past year, TAFL had a volatility of 4.25%, while HYD experienced 3.75%.
Which ETF is bigger: TAFL or HYD?
As of October 29, 2026, TAFL holds $58.89 M in assets under management (AUM), while HYD manages $4.60 B.
What sectors do the TAFL and HYD ETFs invest in?
TAFL leans toward sectors like Municipal. Meanwhile, HYD focuses on Municipal.
What are the top holdings of the TAFL ETF and HYD ETF?
TAFL top holdings include US896035DE92, Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025) and Chicago, 5.25% 1nov2061, USD (2026A). HYD holds in its top three: Puerto Rico Sales Tax Financing Corp., 0% 1jul2046, USD (10001D), Chicago Board of Education, 5% 1dec2042, USD (2012A) and Tobacco Settlement Financing Corp. (NJ), 5% 1jun2046, USD (2018B).
Which ETF is more diversified: TAFL or HYD?
TAFL holds 123 securities with 29.2% of its assets in the top 15. HYD has 1372 securities and a top 15 weight of 9.27%.
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