AB Tax-Aware Short Duration ETF (TAFI) belongs to the Municipal Bonds category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with TAFI. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TAFI
TAFI charges 0.27% annually. There are 72 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Tax-Exempt Bond ETF | 0.03% | 48.80B | Aug 2015 | TAFI vs VTEB | |
| Schwab Municipal Bond ETF | 0.03% | 3.93B | Oct 2022 | TAFI vs SCMB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 183.09M | Jul 2019 | TAFI vs FMUN | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 130.20M | Aug 2025 | TAFI vs TAXS | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.01M | Aug 2025 | TAFI vs TAXT |
Best Risk-Adjusted Alternatives to TAFI
TAFI has a PortfoliosLab risk / return rank of 78. There are 39 ETFs in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 97.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | TAFI vs MYMF | |
| State Street My2027 Municipal Bond ETF | 97 | 8.63M | Sep 2024 | TAFI vs MYMG | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | TAFI vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 246.47M | Nov 2018 | TAFI vs FUMB | |
| Goldman Sachs Ultra Short Municipal Income ETF | 97 | 54.13M | Jul 2024 | TAFI vs GUMI |
Top Performing TAFI Alternatives (YTD)
TAFI is at 0.92% YTD. There are 54 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.71%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| X-Square Municipal Income Tax Free ETF | 3.71% | 4.54M | May 2023 | TAFI vs ZTAX | |
| NYLI MacKay Muni Allocation ETF | 2.42% | 28.01M | Dec 2025 | TAFI vs MMMA | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 2.38% | 142.95M | Jun 2013 | TAFI vs RVNU | |
| Overlay Shares Municipal Bond ETF | 2.26% | 30.60M | Sep 2019 | TAFI vs OVM | |
| T. Rowe Price High Income Municipal ETF | 2.25% | 26.19M | Nov 2025 | TAFI vs THYM |
Lowest Volatility Alternatives to TAFI
TAFI has 1.42% 1-year volatility. There are 26 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 34.95M | Sep 2025 | TAFI vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.69% | 8.74M | Sep 2024 | TAFI vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.72% | 445.30M | Oct 2007 | TAFI vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.76% | 30.06M | Jul 2025 | TAFI vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.84% | 246.47M | Nov 2018 | TAFI vs FUMB |
Lowest Drawdown Alternatives to TAFI
TAFI has a 1-year max drawdown of -1.21%. There are 24 ETFs in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as -0.22%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.22% | 246.47M | Nov 2018 | TAFI vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 270.83M | Sep 2019 | TAFI vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 54.13M | Jul 2024 | TAFI vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.63M | Sep 2024 | TAFI vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 576.01M | Apr 2019 | TAFI vs IBMO |
Other ETFs from AllianceBernstein
The 10 most viewed AllianceBernstein ETFs shown here include FWD, LOWV, YEAR and span 11 categories. AUM among these funds goes as high as $3B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| AB Disruptors ETF | Global Equities | 51 | 20.07% | 2.91B | Mar 2023 | TAFI vs FWD | |
| AB US Low Volatility Equity ETF | Low Volatility | 37 | 5.85% | 202.10M | Mar 2023 | TAFI vs LOWV | |
| AB Ultra Short Income ETF | Ultrashort Bond | 98 | 1.63% | 1.51B | Sep 2022 | TAFI vs YEAR | |
| AB US High Dividend ETF | Large Cap Value Equities | 78 | 12.88% | 202.64M | Mar 2023 | TAFI vs HIDV | |
| AB International Buffer ETF | Defined Outcome, Foreign Large Cap Equities | 76 | 6.77% | 122.81M | Dec 2024 | TAFI vs BUFI | |
| AB US Large Cap Strategic Equities ETF | Large Cap Blend Equities | 49 | 9.49% | 1.29B | Sep 2023 | TAFI vs LRGC | |
| AB High Yield ETF | High Yield Bonds | 66 | 1.96% | 328.06M | Jul 2016 | TAFI vs HYFI | |
| AB Tax-Aware Intermediate Municipal ETF | Municipal Bonds | 73 | 0.84% | 702.03M | Dec 2023 | TAFI vs TAFM | |
| AB Corporate Bond ETF | Corporate Bonds | 22 | -1.02% | 25.94M | Dec 2023 | TAFI vs EYEG | |
| AB Conservative Buffer ETF | Options Trading | 68 | 3.40% | 1.04B | Dec 2023 | TAFI vs BUFC |
Often Compared With TAFI
Investors most often compare TAFI with JMST, ILOW, JPST. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.
Compare TAFI with Any Fund or Stock
Compare TAFI with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TAFI with funds that move differently
AB Tax-Aware Short Duration ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TAFI.
Explore TAFI Diversifiers