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TAXF vs TAFL

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

TAXF

American Century Diversified Municipal Bond ETF

American Century Investments

Annual cost

0.27%

Fund size

$627M

TAFL

AB Tax-Aware Long Municipal ETF

AllianceBernstein

Annual cost

0.28%

Fund size

$49M

Key differences

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

Side-by-side comparison

TAXFTAFL
Annual cost (TER)0.27%0.28%
Fund size (AUM)$627M$49M
Since20182023
Dividend yield3.82%4.11%
Asset classfixed incomealternative
Regionnorth americanorth america
Strategyactive selectionactive selection
CAGR 1Y+7.0%+7.0%
CAGR 3Y+3.6%N/A
CAGR 5Y+0.9%N/A
Sharpe 3Y0.03N/A
Volatility 1Y3.09%4.28%
Max drawdown-13.94%-6.01%

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

Similar to TAXF and TAFL