- ISIN
- US00039J2024
- Issuer
- AllianceBernstein
- Inception Date
- Sep 13, 2022
- Region
- North America (U.S.)
- Category
- Municipal Bonds
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
- Assets Under Management
- $1B
Share Price Chart
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Performance
TAFI Performance Chart
AB Tax-Aware Short Duration ETF (TAFI) is up 1.2% since the beginning of the year. TAFI is currently trading at $25 per share.
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Returns By Period
AB Tax-Aware Short Duration ETF (TAFI) has returned 1.19% so far this year and 3.52% over the past 12 months.
AB Tax-Aware Short Duration ETF
- 1D
- -0.04%
- 1M
- 0.61%
- YTD
- 1.19%
- 6M
- 1.30%
- 1Y
- 3.52%
- 3Y*
- 3.60%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
TAFI Monthly Returns History
Based on dividend-adjusted daily data since Sep 14, 2022, TAFI's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.
Historically, 72% of months were positive and 28% were negative. The best month was Nov 2023 with a return of +2.4%, while the worst month was Sep 2022 at -1.8%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, TAFI closed higher 51% of trading days. The best single day was Nov 10, 2022 with a return of +0.6%, while the worst single day was Apr 7, 2025 at -1.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.60% | 0.72% | -0.93% | 0.34% | 0.34% | 0.13% | 1.19% | ||||||
| 2025 | 0.68% | 0.68% | -0.29% | -0.15% | 0.51% | 0.56% | 0.48% | 0.67% | 0.58% | 0.17% | 0.10% | 0.28% | 4.35% |
| 2024 | 0.04% | 0.07% | 0.06% | -0.26% | 0.04% | 0.56% | 0.92% | 0.72% | 0.59% | -0.48% | 0.59% | -0.38% | 2.48% |
| 2023 | 1.00% | -0.90% | 1.13% | 0.06% | -0.29% | 0.30% | 0.30% | -0.17% | -0.77% | -0.19% | 2.37% | 1.24% | 4.10% |
| 2022 | -1.82% | -0.09% | 2.14% | 0.36% | 0.56% |
Benchmark Metrics
AB Tax-Aware Short Duration ETF has an annualized alpha of 3.04%, beta of 0.02, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since September 14, 2022.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (11.85%) than losses (9.85%) - typical of diversified or defensive assets.
- Beta of 0.02 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.04%
- Beta
- 0.02
- R²
- 0.02
- Upside Capture
- 11.85%
- Downside Capture
- 9.85%
Expense Ratio
TAFI has an expense ratio of 0.27%, which is considered low.
Return for Risk
Risk / Return Rank
TAFI ranks 75 for risk / return — better than 75% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for AB Tax-Aware Short Duration ETF (TAFI) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TAFI | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.78 | +0.13 |
| Martin ratioReturn relative to average drawdown | 10.47 | 12.44 | -1.97 |
Dividends
Dividend History
AB Tax-Aware Short Duration ETF provided a 3.14% dividend yield over the last twelve months, with an annual payout of $0.79 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Dividend | $0.79 | $0.81 | $0.83 | $0.82 | $0.20 |
Dividend yield | 3.14% | 3.21% | 3.34% | 3.27% | 0.79% |
Monthly Dividends
The table displays the monthly dividend distributions for AB Tax-Aware Short Duration ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.06 | $0.06 | $0.06 | $0.07 | $0.06 | $0.32 | ||||||
| 2025 | $0.00 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.14 | $0.81 |
| 2024 | $0.00 | $0.06 | $0.06 | $0.07 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.16 | $0.83 |
| 2023 | $0.00 | $0.09 | $0.06 | $0.07 | $0.07 | $0.07 | $0.06 | $0.07 | $0.07 | $0.06 | $0.07 | $0.14 | $0.82 |
| 2022 | $0.03 | $0.05 | $0.11 | $0.20 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the AB Tax-Aware Short Duration ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the AB Tax-Aware Short Duration ETF was 2.00%, occurring on Oct 26, 2022. Recovery took 23 trading sessions.
The current AB Tax-Aware Short Duration ETF drawdown is 0.13%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -2.00%Oct 2022 | 1mo 11d | 1mo 4d | 2mo 15dSep 2022 - Nov 2022 |
2025 selloff2025 | -1.87%Apr 2025 | 4d | 2mo 2d | 2mo 6dApr 2025 - Jun 2025 |
2023 pullback2023 | -1.64%Oct 2023 | 2mo 8d | 1mo 14d | 3mo 22dJul 2023 - Nov 2023 |
2023 pullback2023 | -1.43%Feb 2023 | 21d | 1mo 9d | 2moFeb 2023 - Apr 2023 |
2026 pullback2026 | -1.21%Mar 2026 | 24d | — | 3mo 23dMar 2026 - now |
Drawdown Indicators
| TAFI | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.00% | -56.78% | +54.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.21% | -9.10% | +7.89% |
Max Drawdown (3Y)Largest decline over 3 years | -1.87% | -18.90% | +17.03% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.13% | -1.80% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -0.37% | -10.71% | +10.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.34% | 2.03% | -1.69% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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