CAM vs. TAFI

Last updated Jun 4, 2026

CAM (AB California Intermediate Municipal ETF) and TAFI (AB Tax-Aware Short Duration ETF) are both Municipal Bonds funds from AllianceBernstein. Both are actively managed. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.27% expense ratio.

Performance

CAM vs. TAFI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in AB California Intermediate Municipal ETF (CAM) and AB Tax-Aware Short Duration ETF (TAFI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CAM achieves a 1.29% return, which is significantly higher than TAFI's 1.11% return.

CAM

• 1D: 0.00%
• 1M: 0.60%
• YTD: 1.29%
• 6M: 1.75%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

TAFI

• 1D: 0.00%
• 1M: 0.41%
• YTD: 1.11%
• 6M: 1.34%
• 1Y: 4.01%
• 3Y*: 3.68%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

CAM vs. TAFI - Yearly Performance Comparison

	2026 (YTD)	2025
CAM AB California Intermediate Municipal ETF	1.29%	1.17%
TAFI AB Tax-Aware Short Duration ETF	1.11%	0.66%

Correlation

The correlation between CAM and TAFI is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 7, 2025	0.58

Return for Risk

CAM vs. TAFI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TAFI

TAFI Risk / Return Rank: 80
TAFI Sharpe Ratio Rank: 84
TAFI Sortino Ratio Rank: 92
TAFI Omega Ratio Rank: 90
TAFI Calmar Ratio Rank: 67
TAFI Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

CAM vs. TAFI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AB California Intermediate Municipal ETF (CAM) and AB Tax-Aware Short Duration ETF (TAFI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CAM	TAFI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.80	1.72	+0.08

Drawdowns

CAM vs. TAFI - Drawdown Comparison

The maximum CAM drawdown since its inception was -2.19%, which is greater than TAFI's maximum drawdown of -2.00%. Use the drawdown chart below to compare losses from any high point for CAM and TAFI.

Drawdown Indicators

	CAM	TAFI	Difference
Max Drawdown Largest peak-to-trough decline	-2.19%	-2.00%	-0.19%
Max Drawdown (1Y) Largest decline over 1 year	—	-1.21%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-1.87%	—
Current Drawdown Current decline from peak	-0.58%	-0.21%	-0.37%
Average Drawdown Average peak-to-trough decline	-0.51%	-0.38%	-0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.34%	—

Volatility

Volatility by Period

	CAM	TAFI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	0.94%	—
Volatility (1Y) Calculated over the trailing 1-year period	2.12%	1.46%	+0.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	2.12%	1.98%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	2.12%	1.98%	+0.14%

CAM vs. TAFI - Expense Ratio Comparison

Both CAM and TAFI have an expense ratio of 0.27%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

Dividends

CAM vs. TAFI - Dividend Comparison

CAM's dividend yield for the trailing twelve months is around 2.25%, less than TAFI's 3.15% yield.

Position	TTM	2025	2024	2023	2022
CAM AB California Intermediate Municipal ETF	2.25%	0.87%	0.00%	0.00%	0.00%
TAFI AB Tax-Aware Short Duration ETF	3.15%	3.21%	3.34%	3.27%	0.79%

Frequently Asked Questions

Can I hold both CAM and TAFI in my portfolio?

CAM and TAFI have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CAM or TAFI?

Both ETFs have the same 0.27% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CAM or TAFI?

CAM and TAFI have the same expense ratio: 0.27% per year.

Which ETF pays a higher dividend yield, CAM or TAFI?

TAFI has the higher dividend yield at 3.15%, compared with 2.25% for CAM.