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TAFL vs TAXF

AB Tax-Aware Long Municipal ETF vs American Century Diversified Municipal Bond ETF

TAFL

AB Tax-Aware Long Municipal ETF

AllianceBernstein

Annual cost

0.28%

Fund size

$49M

TAXF

American Century Diversified Municipal Bond ETF

American Century Investments

Annual cost

0.27%

Fund size

$627M

Key differences

  • TAXF is significantly larger than TAFL — larger funds tend to be more liquid and less likely to close.
  • TAFL is classified as alternative, while TAXF is fixed income — different risk/return profiles.
  • TAXF has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

TAFLTAXF
Annual cost (TER)0.28%0.27%
Fund size (AUM)$49M$627M
Since20232018
Dividend yield4.11%3.82%
Asset classalternativefixed income
Regionnorth americanorth america
Strategyactive selectionactive selection
CAGR 1Y+7.0%+7.0%
CAGR 3YN/A+3.6%
CAGR 5YN/A+0.9%
Sharpe 3YN/A0.03
Volatility 1Y4.28%3.09%
Max drawdown-6.01%-13.94%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to TAFL and TAXF