TAFLvsSHYDETF Comparison
VS
AB Tax-Aware Long Municipal ETF (TAFL) and VanEck Short High Yield Muni ETF (SHYD) 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 SHYD. TAFL is down -0.68% year-to-date (YTD) with +$14M in YTD flows. SHYD performs better with 1.16% YTD performance, and +$138M in YTD flows. Run a side-by-side ETF comparison of TAFL and SHYD 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 SHYD 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 SHYD | +4.33%+2.75% | -2.33%+0.21% | -0.68%+1.16% | -0.85%+1.67% | n/a+15.56% | n/a+4.78% |
| Flows | TAFL SHYD | -$4M+$35M | +$276K+$75M | +$14M+$138M | +$28M+$159M | -+$155M | -+$149M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFL SHYD | +6.83%+3.56% | +4.25%+2.25% | n/a+2.40% | n/a+2.51% |
| Max drawdown | TAFL SHYD | -6.79%-3.65% | -7.70%-3.75% | n/a-3.75% | n/a-12.01% |
| Max drawdown duration | TAFL SHYD | 77d78d | 115d116d | n/a116d | n/a1310d |
Trading data
TAFL | SHYD | |
Last sale 10/30/2026 at 1:30 PM | $24.11 | $22.62 |
| Previous close 10/29/2026 | $24.04 | $22.52 |
| 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 | SHYD | |
|---|---|---|
| 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 | SHYD | |
|---|---|---|
| Last price | $24.11 | $22.62 |
| 1D performance | +0.31% | +0.44% |
| AuM | $58.89 M | $523.74 M |
| E/R | 0.28% | 0.32% |
Characteristics
TAFL | SHYD | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AllianceBernstein | VanEck |
| Benchmark | - | ICE 1-12 Year Broad High Yield Crossover Municipal Index |
| N° of holdings | 62 | 266 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2023 | January 13, 2014 |
| ESG | No | No |
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Exposure
Countries
TAFL
USA
56.23%
Other
43.77%
SHYD
USA
55.08%
Other
44.92%
Sectors
TAFL
Municipal
56.23%
Other
43.77%
SHYD
Municipal
55.08%
Other
44.92%
Diversification
TAFL
Total weight of top 15 holdings out of 15
29.2%
SHYD
Total weight of top 15 holdings out of 15
13.76%
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%
SHYD
California Municipal Finance Authority, 4% 15jul2029, USD (2019)
1.52%
US13034A7E44
1.14%
Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1)
1.11%
US605156AD03
1.02%
Puerto Rico, 5.75% 1jul2031, USD
0.92%
US05786PAA12
0.88%
Greater Orlando Aviation Authority, 5.5% 1nov2037, USD (2025)
0.87%
Denver, 5% 1oct2032, USD (2017)
0.87%
Puerto Rico, 4% 1jul2033, USD
0.83%
Chicago Board of Education, 5% 1dec2036, USD (2017H)
0.81%
Houston Airport System, 5% 15jul2028, USD (2018)
0.78%
US09182TGC53
0.78%
Chandler Industrial Development Authority, 4% 1jun2049, USD (2019)
0.77%
Baldwin Industrial Development Authority, 4.3% 1mar2056, USD (2026A)
0.74%
New York Transportation Development Corp., 4% 1jul2035, USD (2016A)
0.72%
Frequently asked questions about TAFL and SHYD
How have the TAFL and SHYD ETFs performed in 2026?
As of October 29, 2026, TAFL is down -0.68% year-to-date (YTD), while SHYD has returned 1.16%. That puts SHYD better performer ahead so far this year.
Which ETF is attracting more investor money: TAFL or SHYD?
Year-to-date, the TAFL ETF saw +$14M in flows, compared to +$138M for SHYD.
Which ETF is more volatile: TAFL or SHYD?
Over the past year, TAFL had a volatility of 4.25%, while SHYD experienced 2.25%.
Which ETF is bigger: TAFL or SHYD?
As of October 29, 2026, TAFL holds $58.89 M in assets under management (AUM), while SHYD manages $523.74 M.
What sectors do the TAFL and SHYD ETFs invest in?
TAFL leans toward sectors like Municipal. Meanwhile, SHYD focuses on Municipal.
What are the top holdings of the TAFL ETF and SHYD ETF?
TAFL top holdings include US896035DE92, Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025) and Chicago, 5.25% 1nov2061, USD (2026A). SHYD holds in its top three: California Municipal Finance Authority, 4% 15jul2029, USD (2019), US13034A7E44 and Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1).
Which ETF is more diversified: TAFL or SHYD?
TAFL holds 123 securities with 29.2% of its assets in the top 15. SHYD has 539 securities and a top 15 weight of 13.76%.
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