TAFLvsVCRMETF Comparison
VS
AB Tax-Aware Long Municipal ETF (TAFL) and Vanguard Core Tax-Exempt Bond ETF (VCRM) 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 0.12% for VCRM. TAFL is down -0.94% year-to-date (YTD) with +$21M in YTD flows. VCRM performs better with -0.91% YTD performance, and +$1.17B in YTD flows. Run a side-by-side ETF comparison of TAFL and VCRM below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
Find out how industry players manage ETF portfolios. Discover our library of Model portfolios
TAFL vs VCRM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/14/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAFL VCRM | -2.74%-2.33% | -3.13%-2.89% | -0.94%-0.91% | +0.53%+0.76% | n/an/a | n/an/a |
| Flows | TAFL VCRM | +$4M+$121M | +$10M+$309M | +$21M+$1.17B | +$39M+$1.47B | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFL VCRM | +3.66%+3.16% | +3.05%+2.57% | n/an/a | n/an/a |
| Max drawdown | TAFL VCRM | -4.16%-3.52% | -4.16%-3.52% | n/an/a | n/an/a |
| Max drawdown duration | TAFL VCRM | 70d71d | 70d71d | n/an/a | n/an/a |
Trading data
TAFL | VCRM | |
Last sale 9/15/2026 at 7:59 PM | $23.93 | $73.02 |
| Previous close 09/15/2026 | $24.01 | $73.07 |
| Consolidated volume 09/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Advertisement
Main metrics
Last update 9/15/2026 at 7:59 PM
Live
Closed
TAFL | VCRM | |
|---|---|---|
| Last price | $23.93 | $73.02 |
| 1D performance | -0.33% | -0.08% |
| AuM | $66.19 M | $1.92 B |
| E/R | 0.28% | 0.12% |
Characteristics
TAFL | VCRM | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AllianceBernstein | Vanguard |
| Benchmark | - | - |
| N° of holdings | 64 | 984 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2023 | November 19, 2024 |
| ESG | No | No |
Advertisement
Exposure
Countries
TAFL
USA
63.23%
Other
36.77%
VCRM
USA
58.45%
Other
41.55%
Sectors
TAFL
Municipal
63.23%
Other
36.77%
VCRM
Municipal
58.45%
Other
41.55%
Advertisement
Diversification
TAFL
Total weight of top 15 holdings out of 15
29.64%
VCRM
Total weight of top 15 holdings out of 15
7.97%
Top 15 holdings
Data as of July 31, 2026
TAFL
Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025)
2.68%
Chicago, 5.25% 1nov2061, USD (2026A)
2.60%
West Linn-Wilsonville School District №3JT, 5% 15jun2046, USD (2026B)
2.23%
New York Dormitory Authority, 5% 15mar2055, USD (2025C)
2.07%
South Carolina Public Service Authority, 5.25% 1dec2054, USD (2024)
2.03%
US812643C776
1.97%
US494791UA28
1.84%
US59333P7M43
1.81%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
1.79%
Cuyahoga, 5.5% 1dec2061, USD (2026)
1.79%
Denver Airport System, 5% 15nov2036, USD (2022A)
1.78%
Massachusetts Development Finance Agency, 5.5% 1dec2056, USD
1.77%
US79766DTP41
1.76%
US576000E334
1.76%
Houston Convention and Entertainment Facilities Department, 5.5% 1sep2058, USD (2026C)
1.76%
VCRM
University of Cincinnati, 5% 1jun2045, USD (2017)
0.83%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.74%
Massachusetts, 5% 1jun2047, USD
0.66%
US09182TEC71
0.63%
Kentucky Public Energy Authority, 4% 1aug2052, USD (2022)
0.55%
Chicago O'Hare International Airport, 5% 1jan2047, USD (2016D)
0.55%
Jefferson Sales Tax District, 5% 1dec2042, USD (2017B)
0.54%
Black Belt Energy Gas District, 5% 1dec2034, USD (2026)
0.47%
PEFA Inc., 5% 1apr2035, USD (2026A)
0.46%
Texas Department of Housing and Community Affairs, 6% 1jan2057, USD (2026B)
0.45%
Wisconsin Public Finance Authority, 5.75% 1jul2062, USD (2023-1, A)
0.43%
Energy Southeast, 5% 1sep2033, USD (2025B)
0.43%
Las Vegas Convention and Visitors Authority, 5% 1jul2043, USD
0.42%
US57563WAC29
0.42%
Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A)
0.40%
Frequently asked questions about TAFL and VCRM
How have the TAFL and VCRM ETFs performed in 2026?
As of September 14, 2026, TAFL is down -0.94% year-to-date (YTD), while VCRM has lost -0.91%. That puts VCRM better performer ahead so far this year.
Which ETF is attracting more investor money: TAFL or VCRM?
Year-to-date, the TAFL ETF saw +$21M in flows, compared to +$1.17B for VCRM.
Which ETF is more volatile: TAFL or VCRM?
Over the past year, TAFL had a volatility of 3.05%, while VCRM experienced 2.57%.
Which ETF is bigger: TAFL or VCRM?
As of September 14, 2026, TAFL holds $66.19 M in assets under management (AUM), while VCRM manages $1.92 B.
What sectors do the TAFL and VCRM ETFs invest in?
TAFL leans toward sectors like Municipal. Meanwhile, VCRM focuses on Municipal.
What are the top holdings of the TAFL ETF and VCRM ETF?
TAFL top holdings include Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025), Chicago, 5.25% 1nov2061, USD (2026A) and West Linn-Wilsonville School District №3JT, 5% 15jun2046, USD (2026B). VCRM holds in its top three: University of Cincinnati, 5% 1jun2045, USD (2017), Black Belt Energy Gas District, 5% 1oct2035, USD (2025) and Massachusetts, 5% 1jun2047, USD.
Which ETF is more diversified: TAFL or VCRM?
TAFL holds 119 securities with 29.64% of its assets in the top 15. VCRM has 2396 securities and a top 15 weight of 7.97%.
Advertisement
Advertisement
