XCHG vs. TAFM
XCHG (AB US Equity ETF) and TAFM (AB Tax-Aware Intermediate Municipal ETF) are both exchange-traded funds - XCHG is a Large Cap Blend Equities fund actively managed by AllianceBernstein, while TAFM is a Municipal Bonds fund actively managed by AllianceBernstein. Both are actively managed. Their 0.30 correlation means their historical movements had little consistent relationship. XCHG charges 0.50%/yr vs 0.28%/yr for TAFM.
Performance
XCHG vs. TAFM - Performance Comparison
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Returns By Period
In the year-to-date period, XCHG achieves a 8.51% return, which is significantly higher than TAFM's 0.84% return.
XCHG
- 1D
- 1.09%
- 1M
- 1.45%
- 6M
- 7.39%
- YTD
- 8.51%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
TAFM
- 1D
- -0.04%
- 1M
- -1.60%
- 6M
- 0.02%
- YTD
- 0.84%
- 1Y
- 5.14%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 3.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.72M | $4.38M | $5.17M | |
XCHG AB US Equity ETF | $55.08K | $59.91K | $74.54K |
XCHG vs. TAFM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XCHG AB US Equity ETF | 8.51% | 0.38% |
TAFM AB Tax-Aware Intermediate Municipal ETF | 0.84% | 0.31% |
Correlation
The correlation between XCHG and TAFM is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 15, 2025 | 0.30 |
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Return for Risk
XCHG vs. TAFM — Risk / Return Rank
XCHG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
TAFM
XCHG vs. TAFM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AB US Equity ETF (XCHG) and AB Tax-Aware Intermediate Municipal ETF (TAFM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| XCHG | TAFM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.36 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 2.11 | — |
| Martin ratioReturn relative to average drawdown | — | 7.17 | — |
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Drawdowns
XCHG vs. TAFM - Drawdown Comparison
The maximum XCHG drawdown since its inception was -9.66%, which is greater than TAFM's maximum drawdown of -4.74%. Use the drawdown chart below to compare losses from any high point for XCHG and TAFM.
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Drawdown Indicators
| XCHG | TAFM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.66% | -4.74% | -4.92% |
Max Drawdown (1Y)Largest decline over 1 year | — | -2.69% | — |
Current DrawdownCurrent decline from peak | -0.30% | -1.70% | +1.40% |
Average DrawdownAverage peak-to-trough decline | -1.77% | -0.92% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.79% | — |
Volatility
XCHG vs. TAFM - Volatility Comparison
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Volatility by Period
| XCHG | TAFM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.86% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.20% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 13.06% | 3.09% | +9.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.06% | 4.84% | +8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.06% | 4.84% | +8.22% |
XCHG vs. TAFM - Expense Ratio Comparison
XCHG has a 0.50% expense ratio, which is higher than TAFM's 0.28% expense ratio.
Dividends
XCHG vs. TAFM - Dividend Comparison
XCHG's dividend yield for the trailing twelve months is around 0.37%, less than TAFM's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
TAFM AB Tax-Aware Intermediate Municipal ETF | 3.37% | 3.51% | 3.35% | 0.18% |
XCHG AB US Equity ETF | 0.37% | 0.05% | 0.00% | 0.00% |
Frequently Asked Questions
XCHG and TAFM have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, TAFM is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
TAFM is cheaper with a 0.28% expense ratio, compared with 0.50% for XCHG.
TAFM has the higher dividend yield at 3.37%, compared with 0.37% for XCHG.
XCHG is categorized as Large Cap Blend Equities, while TAFM is Municipal Bonds. Their fees differ too: 0.50% for XCHG and 0.28% for TAFM.
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