TAFMvsTAXIETF Comparison
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AB Tax-Aware Intermediate Municipal ETF (TAFM) and Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) belong to the same industry segment: Municipal Bonds. TAFM's top 2 sector exposures are Municipal and Industrials. In contrast, TAXI's top sector exposures are Municipal. TAFM is more expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.05% for TAXI. TAFM is down -1.88% year-to-date (YTD) with +$650M in YTD flows. TAXI performs better with -0.71% YTD performance, and +$204M in YTD flows. Run a side-by-side ETF comparison of TAFM and TAXI 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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TAFM vs TAXI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAFM TAXI | -0.42%+0.41% | -3.59%-1.50% | -1.88%-0.71% | -1.37%+0.51% | n/an/a | n/an/a |
| Flows | TAFM TAXI | +$286M+$81M | +$420M+$126M | +$650M+$204M | +$724M+$247M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFM TAXI | +5.25%+3.61% | +3.27%+2.30% | n/an/a | n/an/a |
| Max drawdown | TAFM TAXI | -6.00%-3.78% | -6.61%-4.65% | n/an/a | n/an/a |
| Max drawdown duration | TAFM TAXI | 92d92d | 102d229d | n/an/a | n/an/a |
Trading data
TAFM | TAXI | |
Last sale 10/16/2026 at 1:30 PM | $24.29 | $49.85 |
| Previous close 10/15/2026 | $24.23 | $49.74 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 18, 2026
1-year trailing difference
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TAFM
is actively managed and doesn’t replicate an indexTAFM | TAXI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
TAFM | TAXI | |
|---|---|---|
| Last price | $24.29 | $49.85 |
| 1D performance | +0.25% | +0.23% |
| AuM | $1.07 B | $252.16 M |
| E/R | 0.28% | 0.05% |
Characteristics
TAFM | TAXI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AllianceBernstein | Northern Trust |
| Benchmark | - | ICE Intermediate Term Focused Municipal Bond Index |
| N° of holdings | 253 | 908 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2023 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
TAFM
USA
41.1%
Other
58.9%
TAXI
USA
39.43%
Other
60.57%
Sectors
TAFM
Municipal
40.89%
Other
59.11%
TAXI
Municipal
39.43%
Other
60.57%
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Diversification
TAFM
Total weight of top 15 holdings out of 15
7.34%
TAXI
Total weight of top 15 holdings out of 15
2.48%
Top 15 holdings
Data as of August 31, 2026
TAFM
Idaho, 4% 30jun2027, USD (2026)
0.67%
US915260FV02
0.66%
Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B)
0.57%
California Community Choice Financing Authority, 5% 1apr2056, USD (2026A-1)
0.49%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
0.48%
Chicago Transit Authority, 5% 1dec2049, USD (2024A)
0.47%
US7485082P22
0.47%
New York Transitional Finance Authority, 5.25% 1may2055, USD (2026)
0.47%
US646140KU60
0.47%
US04780M7G87
0.46%
Wisconsin Public Finance Authority, 6.5% 30jun2060, USD (2025)
0.45%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.44%
US544446AS64
0.42%
Vail, 5.5% 1dec2064, USD (2025)
0.42%
New York Transportation Development Corp., 6% 30jun2059, USD (2025)
0.41%
TAXI
Huron Valley School District, 5% 1may2040, USD (2026)
0.20%
US56879EHE23
0.17%
Energy Southeast, 5.5% 1nov2053, USD (2023A-1)
0.17%
Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1)
0.17%
State of Washington, 5% 1jun2040, USD (2026F)
0.17%
US49151HBK14
0.16%
US64972JB721
0.16%
US46263RTS49
0.16%
US13013JGF75
0.16%
US09182TJE82
0.16%
US79467BKE47
0.16%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.16%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.16%
US09182TCG04
0.16%
US915183Z598
0.16%
Frequently asked questions about TAFM and TAXI
How have the TAFM and TAXI ETFs performed in 2026?
As of October 16, 2026, TAFM is down -1.88% year-to-date (YTD), while TAXI has lost -0.71%. That puts TAXI better performer ahead so far this year.
Which ETF is attracting more investor money: TAFM or TAXI?
Year-to-date, the TAFM ETF saw +$650M in flows, compared to +$204M for TAXI.
Which ETF is more volatile: TAFM or TAXI?
Over the past year, TAFM had a volatility of 3.27%, while TAXI experienced 2.3%.
Which ETF is bigger: TAFM or TAXI?
As of October 16, 2026, TAFM holds $1.07 B in assets under management (AUM), while TAXI manages $252.16 M.
What sectors do the TAFM and TAXI ETFs invest in?
TAFM leans toward sectors like Municipal. Meanwhile, TAXI focuses on Municipal.
What are the top holdings of the TAFM ETF and TAXI ETF?
TAFM top holdings include Idaho, 4% 30jun2027, USD (2026), US915260FV02 and Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B). TAXI holds in its top three: Huron Valley School District, 5% 1may2040, USD (2026), US56879EHE23 and Energy Southeast, 5.5% 1nov2053, USD (2023A-1).
Which ETF is more diversified: TAFM or TAXI?
TAFM holds 667 securities with 7.34% of its assets in the top 15. TAXI has 2484 securities and a top 15 weight of 2.48%.
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Latest news about TAFM & TAXI
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXI
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