AB Tax-Aware Long Municipal ETF (TAFL) 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 TAFL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TAFL
TAFL charges 0.28% annually. There are 76 ETFs in the Municipal Bonds category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab Municipal Bond ETF | 0.03% | 4.00B | Oct 2022 | TAFL vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 47.60B | Aug 2015 | TAFL vs VTEB | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 126.55M | Aug 2025 | TAFL vs TAXS | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.72M | Aug 2025 | TAFL vs TAXT | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 163.46M | Aug 2025 | TAFL vs TAXI |
Best Risk-Adjusted Alternatives to TAFL
TAFL has a PortfoliosLab risk / return rank of 81. There are 49 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 My2027 Municipal Bond ETF | 97 | 8.64M | Sep 2024 | TAFL vs MYMG | |
| First Trust Ultra Short Duration Municipal ETF | 97 | 245.94M | Nov 2018 | TAFL vs FUMB | |
| State Street My2026 Municipal Bond ETF | 97 | 8.73M | Sep 2024 | TAFL vs MYMF | |
| Allspring Ultra Short Municipal ETF | 97 | 30.06M | Jul 2025 | TAFL vs AUSM | |
| iShares Short Maturity Municipal Bond ETF | 96 | 1.41B | Mar 2015 | TAFL vs MEAR |
Top Performing TAFL Alternatives (YTD)
TAFL is at 2.55% YTD. There are 23 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 4.58%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 4.58% | 143.84M | Jun 2013 | TAFL vs RVNU | |
| Rareview Tax Advantaged Income ETF | 4.03% | 18.13M | Oct 2020 | TAFL vs RTAI | |
| First Trust Flexible Municipal High Income ETF | 4.02% | 20.73M | Sep 2016 | TAFL vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.75% | 25.42M | Nov 2025 | TAFL vs THYM | |
| Overlay Shares Municipal Bond ETF | 3.73% | 30.60M | Sep 2019 | TAFL vs OVM |
Lowest Volatility Alternatives to TAFL
TAFL has 4.14% 1-year volatility. There are 124 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% | 33.31M | Sep 2025 | TAFL vs ZMUN | |
| iShares Short-Term California Muni Active ETF | 0.71% | 408.07M | Oct 2007 | TAFL vs CALI | |
| State Street My2026 Municipal Bond ETF | 0.71% | 8.73M | Sep 2024 | TAFL vs MYMF | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | TAFL vs AUSM | |
| First Trust Ultra Short Duration Municipal ETF | 0.79% | 245.94M | Nov 2018 | TAFL vs FUMB |
Lowest Drawdown Alternatives to TAFL
TAFL has a 1-year max drawdown of -2.76%. There are 69 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% | 245.94M | Nov 2018 | TAFL vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 283.20M | Sep 2019 | TAFL vs BSMQ | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 38.99M | Jul 2024 | TAFL vs GUMI | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.64M | Sep 2024 | TAFL vs MYMG | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 581.67M | Apr 2019 | TAFL vs IBMO |
Other ETFs from AllianceBernstein
The 10 most viewed AllianceBernstein ETFs shown here include FWD, LOWV, YEAR and span 9 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 | 72 | 27.74% | 3.13B | Mar 2023 | TAFL vs FWD | |
| AB US Low Volatility Equity ETF | Large Cap Blend Equities | 28 | 3.83% | 199.62M | Mar 2023 | TAFL vs LOWV | |
| AB Ultra Short Income ETF | Ultrashort Bond | 98 | 1.42% | 1.49B | Sep 2022 | TAFL vs YEAR | |
| AB US High Dividend ETF | Large Cap Value Equities | 69 | 11.63% | 211.19M | Mar 2023 | TAFL vs HIDV | |
| AB Tax-Aware Short Duration ETF | Municipal Bonds | 82 | 1.32% | 1.37B | Sep 2022 | TAFL vs TAFI | |
| AB High Yield ETF | High Yield Bonds | 68 | 2.13% | 327.24M | Jul 2016 | TAFL vs HYFI | |
| AB Corporate Bond ETF | Corporate Bonds | 28 | -0.49% | 26.19M | Dec 2023 | TAFL vs EYEG | |
| AB US Large Cap Strategic Equities ETF | Large Cap Blend Equities | 51 | 8.82% | 1.30B | Sep 2023 | TAFL vs LRGC | |
| AB International Buffer ETF | Defined Outcome, Foreign Large Cap Equities | 54 | 5.31% | 122.81M | Dec 2024 | TAFL vs BUFI | |
| AB International Low Volatility Equity ETF | Foreign Large Cap Equities | 31 | 6.53% | 1.80B | Jul 2024 | TAFL vs ILOW |
Often Compared With TAFL
Investors most often compare TAFL with BNO, CSHP, DBO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare TAFL with Any Fund or Stock
Compare TAFL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TAFL with funds that move differently
AB Tax-Aware Long Municipal ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TAFL.
Explore TAFL Diversifiers