TFIvsTAFMETF Comparison
VS
State Street SPDR Nuveen ICE Municipal Bond ETF (TFI) and AB Tax-Aware Intermediate Municipal ETF (TAFM) belong to the same industry segment: Municipal Bonds. TFI's top 1 sector exposures are Municipal. In contrast, TAFM's top sector exposures are Municipal and Industrials. TFI is less expensive with a Total Expense Ratio (TER) of 0.23%, versus 0.28% for TAFM. TFI is down -2.27% year-to-date (YTD) with +$8M in YTD flows. TAFM performs better with -1.42% YTD performance, and +$353M in YTD flows. Run a side-by-side ETF comparison of TFI and TAFM 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
TFI vs TAFM performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/22/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TFI TAFM | -2.54%-2.27% | -3.71%-3.36% | -2.27%-1.42% | -1.08%+0.00% | +7.84%n/a | -4.09%n/a |
| Flows | TFI TAFM | -$127M+$37M | -$91M+$154M | +$8M+$353M | -$272M+$462M | -$685M- | -$258M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TFI TAFM | +3.31%+3.10% | +2.57%+2.48% | +4.03%n/a | +4.03%n/a |
| Max drawdown | TFI TAFM | -4.07%-3.82% | -4.23%-3.82% | -6.06%n/a | -14.89%n/a |
| Max drawdown duration | TFI TAFM | 78d77d | 205d77d | 277dn/a | 1616dn/a |
Trading data
TFI | TAFM | |
Last sale 9/23/2026 at 1:30 PM | $43.26 | $24.32 |
| Previous close 09/22/2026 | $43.55 | $24.46 |
| Consolidated volume 09/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 24, 2026
1-year trailing difference
Create an account to view replication metrics
Join for free
TAFM
is actively managed and doesn’t replicate an indexTFI | TAFM | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
Advertisement
Main metrics
Last update 9/23/2026 at 1:30 PM
Live
Closed
TFI | TAFM | |
|---|---|---|
| Last price | $43.26 | $24.32 |
| 1D performance | -0.67% | -0.57% |
| AuM | $2.88 B | $776.52 M |
| E/R | 0.23% | 0.28% |
Characteristics
TFI | TAFM | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | State Street Investment Management | AllianceBernstein |
| Benchmark | ICE 1+ Year AMT‑Free Broad Municipal Index | - |
| N° of holdings | 818 | 246 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 11, 2007 | December 13, 2023 |
| ESG | No | No |
Advertisement
Exposure
Countries
TFI
USA
42.65%
Other
57.35%
TAFM
USA
43.2%
Other
56.8%
Sectors
TFI
Municipal
42.65%
Other
57.35%
TAFM
Municipal
42.96%
Other
57.04%
Diversification
TFI
Total weight of top 15 holdings out of 15
2.89%
TAFM
Total weight of top 15 holdings out of 15
7.53%
Top 15 holdings
Data as of July 31, 2026
TFI
California, 5% 1nov2027, USD
0.23%
City of New York, 5% 1aug2033, USD (2018)
0.21%
US91412HWK57
0.20%
US55844RWX87
0.20%
State of Washington, 5% 1feb2028, USD (2024A)
0.20%
Triborough Bridge and Tunnel Authority, 5% 15nov2028, USD (2023B)
0.20%
US574204S201
0.19%
US373385LV30
0.19%
US64972GE598
0.19%
US574193VL92
0.19%
California, 5% 1nov2032, USD
0.18%
US010831EC55
0.18%
US677523KE13
0.18%
US764581KP80
0.18%
Triborough Bridge and Tunnel Authority, 5% 15nov2049, USD (2026A-1)
0.17%
TAFM
Idaho, 4% 30jun2027, USD (2026)
0.73%
Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B)
0.64%
California Community Choice Financing Authority, 5% 1apr2056, USD (2026A-1)
0.53%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
0.52%
Chicago Transit Authority, 5% 1dec2049, USD (2024A)
0.52%
US7485082P22
0.52%
Wisconsin Public Finance Authority, 6.5% 30jun2060, USD (2025)
0.50%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.48%
Vail, 5.5% 1dec2064, USD (2025)
0.46%
New York Transportation Development Corp., 6% 30jun2059, USD (2025)
0.46%
Charleston School District, 5% 6may2027, USD (2026A)
0.44%
Miami-Dade School District, 4% 7jan2027, USD (2026)
0.44%
US09182TKL07
0.43%
Freddie Mac Multifamily Variable Rate Certificates, FRN 25aug2041, USD
0.43%
Wisconsin Public Finance Authority, 5.75% 30jun2060, USD (2025)
0.43%
Frequently asked questions about TFI and TAFM
How have the TFI and TAFM ETFs performed in 2026?
As of September 22, 2026, TFI is down -2.27% year-to-date (YTD), while TAFM has lost -1.42%. That puts TAFM better performer ahead so far this year.
Which ETF is attracting more investor money: TFI or TAFM?
Year-to-date, the TFI ETF saw +$8M in flows, compared to +$353M for TAFM.
Which ETF is more volatile: TFI or TAFM?
Over the past year, TFI had a volatility of 2.57%, while TAFM experienced 2.48%.
Which ETF is bigger: TFI or TAFM?
As of September 22, 2026, TFI holds $2.88 B in assets under management (AUM), while TAFM manages $776.52 M.
What sectors do the TFI and TAFM ETFs invest in?
TFI leans toward sectors like Municipal. Meanwhile, TAFM focuses on Municipal.
What are the top holdings of the TFI ETF and TAFM ETF?
TFI top holdings include California, 5% 1nov2027, USD, City of New York, 5% 1aug2033, USD (2018) and US91412HWK57. TAFM holds in its top three: Idaho, 4% 30jun2027, USD (2026), Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B) and California Community Choice Financing Authority, 5% 1apr2056, USD (2026A-1).
Which ETF is more diversified: TFI or TAFM?
TFI holds 1904 securities with 2.89% of its assets in the top 15. TAFM has 629 securities and a top 15 weight of 7.53%.
Advertisement
Advertisement
