TAFMvsTFIETF Comparison
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AB Tax-Aware Intermediate Municipal ETF (TAFM) and State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) belong to the same industry segment: Municipal Bonds. TAFM's top 2 sector exposures are Municipal and Industrials. In contrast, TFI's top sector exposures are Municipal. TAFM is more expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.23% for TFI. TAFM is down -1.88% year-to-date (YTD) with +$650M in YTD flows. TFI performs worse with -2.49% YTD performance, and +$84M in YTD flows. Run a side-by-side ETF comparison of TAFM and TFI 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 TFI 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 TFI | -0.42%-0.28% | -3.59%-3.60% | -1.88%-2.49% | -1.37%-1.96% | n/a+9.22% | n/a-3.38% |
| Flows | TAFM TFI | +$286M-$11M | +$420M-$6M | +$650M+$84M | +$724M-$246M | --$201M | --$289M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFM TFI | +5.25%+5.46% | +3.27%+3.39% | n/a+4.11% | n/a+4.15% |
| Max drawdown | TAFM TFI | -6.00%-6.18% | -6.61%-7.00% | n/a-7.00% | n/a-14.88% |
| Max drawdown duration | TAFM TFI | 92d92d | 102d229d | n/a229d | n/a1513d |
Trading data
TAFM | TFI | |
Last sale 10/16/2026 at 1:30 PM | $24.29 | $43.33 |
| Previous close 10/15/2026 | $24.23 | $43.31 |
| 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 | TFI | |
|---|---|---|
| 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 | TFI | |
|---|---|---|
| Last price | $24.29 | $43.33 |
| 1D performance | +0.25% | +0.05% |
| AuM | $1.07 B | $2.94 B |
| E/R | 0.28% | 0.23% |
Characteristics
TAFM | TFI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | AllianceBernstein | State Street Investment Management |
| Benchmark | - | ICE 1+ Year AMT-Free Broad Municipal Index |
| N° of holdings | 253 | 813 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2023 | September 11, 2007 |
| ESG | No | No |
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Exposure
Countries
TAFM
USA
41.1%
Other
58.9%
TFI
USA
42.6%
Other
57.4%
Sectors
TAFM
Municipal
40.89%
Other
59.11%
TFI
Municipal
42.6%
Other
57.4%
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Diversification
TAFM
Total weight of top 15 holdings out of 15
7.34%
TFI
Total weight of top 15 holdings out of 15
2.91%
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%
TFI
California, 5% 1nov2027, USD
0.23%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.20%
US91412HWK57
0.20%
US64972GE598
0.20%
State of Washington, 5% 1feb2028, USD (2024A)
0.20%
US373385LV30
0.20%
US574193VL92
0.20%
US55844RWX87
0.20%
US574204S201
0.19%
US677523KE13
0.19%
US764581KP80
0.19%
California, 5% 1nov2032, USD
0.18%
California Community Choice Financing Authority, 5% 1may2054, USD (2024A)
0.18%
US010831EC55
0.18%
US207758N749
0.17%
Frequently asked questions about TAFM and TFI
How have the TAFM and TFI ETFs performed in 2026?
As of October 16, 2026, TAFM is down -1.88% year-to-date (YTD), while TFI has lost -2.49%. That puts TAFM better performer ahead so far this year.
Which ETF is attracting more investor money: TAFM or TFI?
Year-to-date, the TAFM ETF saw +$650M in flows, compared to +$84M for TFI.
Which ETF is more volatile: TAFM or TFI?
Over the past year, TAFM had a volatility of 3.27%, while TFI experienced 3.39%.
Which ETF is bigger: TAFM or TFI?
As of October 16, 2026, TAFM holds $1.07 B in assets under management (AUM), while TFI manages $2.94 B.
What sectors do the TAFM and TFI ETFs invest in?
TAFM leans toward sectors like Municipal. Meanwhile, TFI focuses on Municipal.
What are the top holdings of the TAFM ETF and TFI ETF?
TAFM top holdings include Idaho, 4% 30jun2027, USD (2026), US915260FV02 and Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B). TFI holds in its top three: California, 5% 1nov2027, USD, Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B) and US91412HWK57.
Which ETF is more diversified: TAFM or TFI?
TAFM holds 667 securities with 7.34% of its assets in the top 15. TFI has 1916 securities and a top 15 weight of 2.91%.
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