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 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% | 3.93B | Oct 2022 | TAFM vs SCMB | |
| Vanguard Tax-Exempt Bond ETF | 0.03% | 48.80B | Aug 2015 | TAFM vs VTEB | |
| Northern Trust Short-Term Tax-Exempt Bond ETF | 0.05% | 130.20M | Aug 2025 | TAFM vs TAXS | |
| Northern Trust Tax-Exempt Bond ETF | 0.05% | 60.01M | Aug 2025 | TAFM vs TAXT | |
| Northern Trust Intermediate Tax-Exempt Bond ETF | 0.05% | 169.01M | Aug 2025 | TAFM vs TAXI |
Best Risk-Adjusted Alternatives to TAFM
TAFM has a PortfoliosLab risk / return rank of 61. There are 68 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 | 8.63M | Sep 2024 | TAFM vs MYMG | |
| State Street My2026 Municipal Bond ETF | 97 | 8.74M | Sep 2024 | TAFM vs MYMF | |
| Allspring Ultra Short Municipal ETF | 96 | 30.06M | Jul 2025 | TAFM vs AUSM | |
| Goldman Sachs Ultra Short Municipal Income ETF | 96 | 54.13M | Jul 2024 | TAFM vs GUMI | |
| First Trust Ultra Short Duration Municipal ETF | 96 | 246.47M | Nov 2018 | TAFM vs FUMB |
Top Performing TAFM Alternatives (YTD)
TAFM is at 1.00% YTD. There are 66 ETFs in the Municipal Bonds category with higher YTD returns, going as high as 3.08%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| X-Square Municipal Income Tax Free ETF | 3.08% | 4.54M | May 2023 | TAFM vs ZTAX | |
| Overlay Shares Municipal Bond ETF | 2.98% | 30.60M | Sep 2019 | TAFM vs OVM | |
| NYLI MacKay Muni Allocation ETF | 2.85% | 28.01M | Dec 2025 | TAFM vs MMMA | |
| Xtrackers Municipal Infrastructure Revenue Bond ET... | 2.79% | 142.95M | Jun 2013 | TAFM vs RVNU | |
| T. Rowe Price High Income Municipal ETF | 2.68% | 26.19M | Nov 2025 | TAFM vs THYM |
Lowest Volatility Alternatives to TAFM
TAFM has 3.05% 1-year volatility. There are 93 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 | TAFM vs ZMUN | |
| State Street My2026 Municipal Bond ETF | 0.64% | 8.74M | Sep 2024 | TAFM vs MYMF | |
| iShares Short-Term California Muni Active ETF | 0.72% | 445.30M | Oct 2007 | TAFM vs CALI | |
| Allspring Ultra Short Municipal ETF | 0.76% | 30.06M | Jul 2025 | TAFM vs AUSM | |
| State Street My2027 Municipal Bond ETF | 0.82% | 8.63M | Sep 2024 | TAFM vs MYMG |
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 -0.23%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust Ultra Short Duration Municipal ETF | -0.23% | 246.47M | Nov 2018 | TAFM vs FUMB | |
| Invesco BulletShares 2026 Municipal Bond ETF | -0.30% | 270.83M | Sep 2019 | TAFM vs BSMQ | |
| State Street My2027 Municipal Bond ETF | -0.36% | 8.63M | Sep 2024 | TAFM vs MYMG | |
| Goldman Sachs Ultra Short Municipal Income ETF | -0.36% | 54.13M | Jul 2024 | TAFM vs GUMI | |
| iShares iBonds Dec 2026 Term Muni Bond ETF | -0.38% | 576.01M | Apr 2019 | TAFM 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 | 53 | 26.86% | 2.91B | Mar 2023 | TAFM vs FWD | |
| AB US Low Volatility Equity ETF | Low Volatility | 39 | 7.87% | 202.10M | Mar 2023 | TAFM vs LOWV | |
| AB Ultra Short Income ETF | Ultrashort Bond | 98 | 1.75% | 1.51B | Sep 2022 | TAFM vs YEAR | |
| AB US High Dividend ETF | Large Cap Value Equities | 79 | 15.96% | 202.64M | Mar 2023 | TAFM vs HIDV | |
| AB International Buffer ETF | Defined Outcome, Foreign Large Cap Equities | 67 | 7.49% | 122.81M | Dec 2024 | TAFM vs BUFI | |
| AB Tax-Aware Short Duration ETF | Municipal Bonds | 68 | 1.06% | 1.37B | Sep 2022 | TAFM vs TAFI | |
| AB US Large Cap Strategic Equities ETF | Large Cap Blend Equities | 54 | 12.54% | 1.29B | Sep 2023 | TAFM vs LRGC | |
| AB High Yield ETF | High Yield Bonds | 60 | 2.57% | 328.06M | Jul 2016 | TAFM vs HYFI | |
| AB Corporate Bond ETF | Corporate Bonds | 20 | -0.26% | 25.94M | Dec 2023 | TAFM vs EYEG | |
| AB Conservative Buffer ETF | Options Trading | 71 | 4.44% | 1.04B | Dec 2023 | TAFM vs BUFC |
Often Compared With TAFM
Investors most often compare TAFM with ILOW, TAXX, SPY. These 20 comparison targets span 11 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