AB Tax-Aware Intermediate Municipal ETF (TAFM) 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 TAFM. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TAFM
TAFM charges 0.28% annually. There are 75 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% | 3.87B | Oct 2022 | TAFM vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 45.70B | Aug 2015 | TAFM vs VTEB | |
| Fidelity Systematic Municipal Bond Index ETF | 0.05% | 178.36M | Jul 2019 | TAFM vs FMUN | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 144.40M | Aug 2025 | TAFM vs TAXI | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 94.44M | Aug 2025 | TAFM vs TAXS |
Best Risk-Adjusted Alternatives to TAFM
TAFM has a PortfoliosLab risk / return rank of 68. There are 70 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 | 9.88M | Sep 2024 | TAFM vs MYMG | |
| State Street My2026 Municipal Bond ETF | 96 | 8.74M | Sep 2024 | TAFM vs MYMF | |
| iShares Short Maturity Municipal Bond ETF | 95 | 1.38B | Mar 2015 | TAFM vs MEAR | |
| First Trust Ultra Short Duration Municipal ETF | 95 | 230.57M | Nov 2018 | TAFM vs FUMB | |
| Invesco BulletShares 2027 Municipal Bond ETF | 94 | 339.63M | Sep 2019 | TAFM vs BSMR |
Top Performing TAFM Alternatives (YTD)
TAFM is at 1.91% YTD. There are 26 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.96%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Overlay Shares Municipal Bond ETF | 3.96% | 30.60M | Sep 2019 | TAFM vs OVM | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 3.71% | 138.42M | Jun 2013 | TAFM vs RVNU | |
| First Trust Flexible Municipal High Income ETF | 3.33% | 18.90M | Sep 2016 | TAFM vs MFLX | |
| T. Rowe Price High Income Municipal ETF | 3.33% | 25.30M | Nov 2025 | TAFM vs THYM | |
| SPDR Nuveen Bloomberg Barclays High Yield Municipa... | 2.87% | 2.93B | Apr 2011 | TAFM vs HYMB |
Lowest Volatility Alternatives to TAFM
TAFM has 3.22% 1-year volatility. There are 97 ETFs in the Municipal Bonds category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| iShares iBonds Dec 2024 Term Muni Bond ETF | 0.00% | 349.85M | Mar 2018 | TAFM vs IBMM | |
| F/m Ultrashort Tax-Free Municipal ETF | 0.54% | 27.03M | Sep 2025 | TAFM vs ZMUN | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | 0.71% | 348.98M | Nov 2018 | TAFM vs IBMN | |
| Allspring Ultra Short Municipal ETF | 0.73% | 30.06M | Jul 2025 | TAFM vs AUSM | |
| State Street My2026 Municipal Bond ETF | 0.75% | 8.74M | Sep 2024 | TAFM vs MYMF |
Lowest Drawdown Alternatives to TAFM
TAFM has a 1-year max drawdown of -2.69%. There are 62 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% | 230.57M | Nov 2018 | TAFM vs FUMB | |
| iShares iBonds Dec 2025 Term Muni Bond ETF | -0.25% | 348.98M | Nov 2018 | TAFM vs IBMN | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.33% | 294.75M | Sep 2019 | TAFM vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 9.88M | Sep 2024 | TAFM vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 40.29M | Jul 2024 | TAFM vs GUMI |
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 | 87 | 40.11% | 2.84B | Mar 2023 | TAFM vs FWD | |
| AB US Low Volatility Equity ETF | Large Cap Blend Equities | 28 | 2.73% | 203.44M | Mar 2023 | TAFM vs LOWV | |
| AB Ultra Short Income ETF | Ultrashort Bond | 98 | 1.13% | 1.47B | Sep 2022 | TAFM vs YEAR | |
| AB US High Dividend ETF | Large Cap Value Equities | 70 | 10.96% | 187.08M | Mar 2023 | TAFM vs HIDV | |
| AB Tax-Aware Short Duration ETF | Municipal Bonds | 80 | 1.11% | 1.26B | Sep 2022 | TAFM vs TAFI | |
| AB High Yield ETF | High Yield Bonds | 65 | 1.95% | 340.40M | Jul 2016 | TAFM vs HYFI | |
| AB Corporate Bond ETF | Corporate Bonds | 38 | 0.37% | 26.43M | Dec 2023 | TAFM vs EYEG | |
| AB US Large Cap Strategic Equities ETF | Large Cap Blend Equities | 57 | 7.44% | 1.24B | Sep 2023 | TAFM vs LRGC | |
| AB Conservative Buffer ETF | Options Trading | 61 | 2.84% | 1.06B | Dec 2023 | TAFM vs BUFC | |
| AB International Low Volatility Equity ETF | Foreign Large Cap Equities | 25 | 4.82% | 1.77B | Jul 2024 | TAFM vs ILOW |
Often Compared With TAFM
Investors most often compare TAFM with TAXX, SPY, FISVX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare TAFM with Any Fund or Stock
Compare TAFM with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TAFM with funds that move differently
AB Tax-Aware Intermediate Municipal ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TAFM.
Explore TAFM Diversifiers