TAFLvsMLNETF Comparison
VS
AB Tax-Aware Long Municipal ETF (TAFL) and VanEck Long Muni ETF (MLN) 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 0.24% for MLN. TAFL is down -0.68% year-to-date (YTD) with +$14M in YTD flows. MLN performs worse with -1.32% YTD performance, and +$135M in YTD flows. Run a side-by-side ETF comparison of TAFL and MLN 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 MLN 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 MLN | +4.33%+3.89% | -2.33%-2.36% | -0.68%-1.32% | -0.85%-1.28% | n/a+15.61% | n/a-7.33% |
| Flows | TAFL MLN | -$4M+$92M | +$276K+$96M | +$14M+$135M | +$28M+$144M | -+$351M | -+$587M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFL MLN | +6.83%+7.40% | +4.25%+4.74% | n/a+5.74% | n/a+6.09% |
| Max drawdown | TAFL MLN | -6.79%-7.80% | -7.70%-9.02% | n/a-9.02% | n/a-23.40% |
| Max drawdown duration | TAFL MLN | 77d78d | 115d116d | n/a116d | n/a1761d |
Trading data
TAFL | MLN | |
Last sale 10/30/2026 at 1:30 PM | $24.11 | $16.95 |
| Previous close 10/29/2026 | $24.04 | $16.81 |
| 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 1, 2026
1-year trailing difference
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TAFL
is actively managed and doesn’t replicate an indexTAFL | MLN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Main metrics
Last update 10/30/2026 at 1:30 PM
Live
Closed
TAFL | MLN | |
|---|---|---|
| Last price | $24.11 | $16.95 |
| 1D performance | +0.31% | +0.83% |
| AuM | $58.89 M | $754.71 M |
| E/R | 0.28% | 0.24% |
Characteristics
TAFL | MLN | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AllianceBernstein | VanEck |
| Benchmark | - | ICE Long AMT-Free Broad National Municipal Index |
| N° of holdings | 62 | 344 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2023 | January 2, 2008 |
| ESG | No | No |
Exposure
Countries
TAFL
USA
56.23%
Other
43.77%
MLN
USA
55.64%
Other
44.36%
Sectors
TAFL
Municipal
56.23%
Other
43.77%
MLN
Municipal
55.64%
Other
44.36%
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Diversification
TAFL
Total weight of top 15 holdings out of 15
29.2%
MLN
Total weight of top 15 holdings out of 15
8.08%
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%
MLN
Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C)
0.78%
City of New York, 5% 1sep2048, USD (2025)
0.74%
Onondaga Civic Development Corp., 5.5% 1dec2056, USD (2025)
0.53%
Texas Transportation Finance Corp., 5.5% 1oct2055, USD (2025A)
0.52%
Los Angeles Department of Airports, 5.25% 15may2051, USD (2025)
0.52%
US677523JU73
0.52%
Salt River Project Agricultural Improvement and Power District, 5.25% 1jan2055, USD (2025)
0.51%
New York Municipal Water Finance Authority, 5.25% 15jun2055, USD (2026)
0.51%
Colorado Bridge and Tunnel Enterprise, 5.25% 1dec2054, USD (2025A)
0.51%
US64990KHZ93
0.51%
City of New York, 5% 1oct2045, USD (2026)
0.50%
Massachusetts, 5% 1aug2054, USD (2024)
0.50%
US93978LJN73
0.49%
North Carolina Turnpike Authority, 5% 1jan2058, USD (2024A)
0.49%
US677632N648
0.45%
Frequently asked questions about TAFL and MLN
How have the TAFL and MLN ETFs performed in 2026?
As of October 29, 2026, TAFL is down -0.68% year-to-date (YTD), while MLN has lost -1.32%. That puts TAFL better performer ahead so far this year.
Which ETF is attracting more investor money: TAFL or MLN?
Year-to-date, the TAFL ETF saw +$14M in flows, compared to +$135M for MLN.
Which ETF is more volatile: TAFL or MLN?
Over the past year, TAFL had a volatility of 4.25%, while MLN experienced 4.74%.
Which ETF is bigger: TAFL or MLN?
As of October 29, 2026, TAFL holds $58.89 M in assets under management (AUM), while MLN manages $754.71 M.
What sectors do the TAFL and MLN ETFs invest in?
TAFL leans toward sectors like Municipal. Meanwhile, MLN focuses on Municipal.
What are the top holdings of the TAFL ETF and MLN ETF?
TAFL top holdings include US896035DE92, Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025) and Chicago, 5.25% 1nov2061, USD (2026A). MLN holds in its top three: Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C), City of New York, 5% 1sep2048, USD (2025) and Onondaga Civic Development Corp., 5.5% 1dec2056, USD (2025).
Which ETF is more diversified: TAFL or MLN?
TAFL holds 123 securities with 29.2% of its assets in the top 15. MLN has 634 securities and a top 15 weight of 8.08%.
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