TAFLvsVTELETF Comparison
VS
AB Tax-Aware Long Municipal ETF (TAFL) and Vanguard Long-Term Tax-Exempt Bond ETF (VTEL) 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 0.09% for VTEL. TAFL is down -0.68% year-to-date (YTD) with +$14M in YTD flows. VTEL performs worse with -0.93% YTD performance, and +$320M in YTD flows. Run a side-by-side ETF comparison of TAFL and VTEL 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 VTEL 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 VTEL | +4.33%+4.17% | -2.33%-1.51% | -0.68%-0.93% | -0.85%-0.65% | n/an/a | n/an/a |
| Flows | TAFL VTEL | -$4M+$72M | +$276K+$167M | +$14M+$320M | +$28M+$369M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFL VTEL | +6.83%+6.91% | +4.25%+4.41% | n/an/a | n/an/a |
| Max drawdown | TAFL VTEL | -6.79%-7.25% | -7.70%-8.55% | n/an/a | n/an/a |
| Max drawdown duration | TAFL VTEL | 77d78d | 115d116d | n/an/a | n/an/a |
Trading data
TAFL | VTEL | |
Last sale 10/30/2026 at 1:30 PM | $24.11 | $99.46 |
| Previous close 10/29/2026 | $24.04 | $99.20 |
| 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 September 30, 2026
1-year trailing difference
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TAFL
is actively managed and doesn’t replicate an indexTAFL | VTEL | |
|---|---|---|
| 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 | VTEL | |
|---|---|---|
| Last price | $24.11 | $99.46 |
| 1D performance | +0.31% | +0.26% |
| AuM | $58.89 M | $487.80 M |
| E/R | 0.28% | 0.09% |
Characteristics
TAFL | VTEL | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AllianceBernstein | Vanguard |
| Benchmark | - | S&P 10+ Year National AMT-Free Municipal Bond Index |
| N° of holdings | 62 | 2465 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2023 | May 20, 2025 |
| ESG | No | No |
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Exposure
Countries
TAFL
USA
56.23%
Other
43.77%
VTEL
USA
54.89%
Other
45.11%
Sectors
TAFL
Municipal
56.23%
Other
43.77%
VTEL
Municipal
54.89%
Other
45.11%
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Diversification
TAFL
Total weight of top 15 holdings out of 15
29.2%
VTEL
Total weight of top 15 holdings out of 15
2.06%
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%
VTEL
New York Dormitory Authority, 5.5% 1jul2054, USD (2024A)
0.18%
City of New York, 5.25% 15jun2054, USD (2024)
0.17%
California State University, 5% 1nov2042, USD (2017A)
0.17%
City of New York, 5% 1apr2037, USD
0.15%
US13063EVD56
0.14%
New York Municipal Water Finance Authority, 5% 15jun2049, USD
0.14%
US13063EUG96
0.13%
Battery Park City Authority, 5% 1nov2053, USD (2023A)
0.13%
Maryland, 5% 1jun2039, USD (2024)
0.13%
California, 5% 1oct2049, USD
0.12%
US49151F5B22
0.12%
New York Transitional Finance Authority, 5% 1feb2043, USD
0.12%
California, 5% 1aug2050, USD
0.12%
New York Thruway Authority, 5% 15mar2053, USD (2025)
0.11%
Grand Parkway Transportation Corp., 5% 1oct2043, USD (2018A)
0.11%
Frequently asked questions about TAFL and VTEL
How have the TAFL and VTEL ETFs performed in 2026?
As of October 29, 2026, TAFL is down -0.68% year-to-date (YTD), while VTEL has lost -0.93%. That puts TAFL better performer ahead so far this year.
Which ETF is attracting more investor money: TAFL or VTEL?
Year-to-date, the TAFL ETF saw +$14M in flows, compared to +$320M for VTEL.
Which ETF is more volatile: TAFL or VTEL?
Over the past year, TAFL had a volatility of 4.25%, while VTEL experienced 4.41%.
Which ETF is bigger: TAFL or VTEL?
As of October 29, 2026, TAFL holds $58.89 M in assets under management (AUM), while VTEL manages $487.80 M.
What sectors do the TAFL and VTEL ETFs invest in?
TAFL leans toward sectors like Municipal. Meanwhile, VTEL focuses on Municipal.
What are the top holdings of the TAFL ETF and VTEL ETF?
TAFL top holdings include US896035DE92, Wisconsin Public Finance Authority, 5.75% 31dec2065, USD (2025) and Chicago, 5.25% 1nov2061, USD (2026A). VTEL holds in its top three: New York Dormitory Authority, 5.5% 1jul2054, USD (2024A), City of New York, 5.25% 15jun2054, USD (2024) and California State University, 5% 1nov2042, USD (2017A).
Which ETF is more diversified: TAFL or VTEL?
TAFL holds 123 securities with 29.2% of its assets in the top 15. VTEL has 4924 securities and a top 15 weight of 2.06%.
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