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Fidelity New Jersey Municipal Income Fund (FNJHX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISIN

US3160892002

CUSIP

316089200

Issuer

Fidelity

Inception Date

Jan 1, 1988

Min. Investment

$0

Asset Class

Bond

Share Price Chart


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Compare to other instruments

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Popular comparisons:
FNJHX vs. VNJTX FNJHX vs. VNJUX FNJHX vs. NJTFX FNJHX vs. VTEB FNJHX vs. ITOT FNJHX vs. HYMB FNJHX vs. FTABX
Popular comparisons:
FNJHX vs. VNJTX FNJHX vs. VNJUX FNJHX vs. NJTFX FNJHX vs. VTEB FNJHX vs. ITOT FNJHX vs. HYMB FNJHX vs. FTABX

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity New Jersey Municipal Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%JuneJulyAugustSeptemberOctoberNovember
3.56%
12.14%
FNJHX (Fidelity New Jersey Municipal Income Fund)
Benchmark (^GSPC)

Returns By Period

Fidelity New Jersey Municipal Income Fund had a return of 1.93% year-to-date (YTD) and 6.34% in the last 12 months. Over the past 10 years, Fidelity New Jersey Municipal Income Fund had an annualized return of 2.47%, while the S&P 500 had an annualized return of 11.16%, indicating that Fidelity New Jersey Municipal Income Fund did not perform as well as the benchmark.


FNJHX

YTD

1.93%

1M

0.34%

6M

3.47%

1Y

6.34%

5Y (annualized)

1.29%

10Y (annualized)

2.47%

^GSPC (Benchmark)

YTD

24.72%

1M

1.67%

6M

12.93%

1Y

30.55%

5Y (annualized)

13.88%

10Y (annualized)

11.16%

Monthly Returns

The table below presents the monthly returns of FNJHX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.04%0.13%-0.26%-1.06%-0.45%1.50%1.12%0.60%1.34%-1.54%1.93%
20233.66%-2.25%2.28%-0.35%-0.43%0.85%0.33%-1.07%-2.85%-0.97%6.38%2.54%8.03%
2022-2.95%-0.83%-2.97%-3.26%1.73%-1.82%2.68%-2.21%-3.55%-0.89%4.71%-0.09%-9.40%
20211.30%-1.89%0.58%1.13%0.48%0.40%0.87%-0.39%-0.80%-0.24%0.87%-0.40%1.88%
20201.92%1.47%-5.25%-2.80%2.38%2.15%2.78%-0.37%-0.14%-0.13%2.24%0.83%4.88%
20190.85%0.65%1.77%0.48%1.74%0.39%1.05%1.69%-0.91%0.06%0.13%-0.27%7.86%
2018-1.19%-0.55%0.17%-0.11%1.12%0.09%0.67%0.16%-0.62%-0.70%1.03%1.38%1.43%
20170.09%0.67%0.35%0.69%1.64%-0.18%0.68%1.87%-0.18%0.41%-0.35%0.50%6.33%
20161.44%-0.26%0.59%1.00%0.26%1.98%0.08%0.33%-0.09%-1.07%-4.23%-0.17%-0.27%
20151.77%-1.49%0.27%-0.99%-0.91%-0.08%0.70%-0.58%0.86%0.79%0.52%1.04%1.86%
20142.20%1.03%0.11%1.13%1.63%-0.15%-0.15%1.37%0.10%0.53%0.09%0.77%8.98%
20130.70%0.24%-0.45%1.16%-1.27%-3.03%-0.82%-1.43%1.87%0.73%-0.15%-0.37%-2.89%

Expense Ratio

FNJHX features an expense ratio of 0.47%, falling within the medium range.


Expense ratio chart for FNJHX: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of FNJHX is 48, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.


The Risk-Adjusted Performance Rank of FNJHX is 4848
Combined Rank
The Sharpe Ratio Rank of FNJHX is 4545
Sharpe Ratio Rank
The Sortino Ratio Rank of FNJHX is 5353
Sortino Ratio Rank
The Omega Ratio Rank of FNJHX is 6666
Omega Ratio Rank
The Calmar Ratio Rank of FNJHX is 4646
Calmar Ratio Rank
The Martin Ratio Rank of FNJHX is 3030
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Fidelity New Jersey Municipal Income Fund (FNJHX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


Sharpe ratio
The chart of Sharpe ratio for FNJHX, currently valued at 1.74, compared to the broader market-1.000.001.002.003.004.005.001.742.54
The chart of Sortino ratio for FNJHX, currently valued at 2.67, compared to the broader market0.005.0010.002.673.40
The chart of Omega ratio for FNJHX, currently valued at 1.40, compared to the broader market1.002.003.004.001.401.47
The chart of Calmar ratio for FNJHX, currently valued at 0.99, compared to the broader market0.005.0010.0015.0020.0025.000.993.66
The chart of Martin ratio for FNJHX, currently valued at 6.01, compared to the broader market0.0020.0040.0060.0080.00100.006.0116.26
FNJHX
^GSPC

The current Fidelity New Jersey Municipal Income Fund Sharpe ratio is 1.74. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Fidelity New Jersey Municipal Income Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
1.74
2.54
FNJHX (Fidelity New Jersey Municipal Income Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Fidelity New Jersey Municipal Income Fund provided a 2.88% dividend yield over the last twelve months, with an annual payout of $0.33 per share. The fund has been increasing its distributions for 2 consecutive years.


2.00%2.50%3.00%3.50%4.00%$0.00$0.10$0.20$0.30$0.40$0.5020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.33$0.31$0.27$0.25$0.30$0.33$0.34$0.35$0.36$0.40$0.39$0.46

Dividend yield

2.88%2.67%2.38%1.95%2.36%2.70%2.93%2.93%3.11%3.33%3.27%4.02%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity New Jersey Municipal Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.00$0.28
2023$0.02$0.02$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.31
2022$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.27
2021$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.02$0.25
2020$0.03$0.02$0.03$0.03$0.03$0.03$0.03$0.02$0.02$0.02$0.02$0.02$0.30
2019$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.33
2018$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.34
2017$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.35
2016$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.36
2015$0.05$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.40
2014$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.39
2013$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.10$0.46

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.27%
-0.88%
FNJHX (Fidelity New Jersey Municipal Income Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity New Jersey Municipal Income Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Fidelity New Jersey Municipal Income Fund was 14.65%, occurring on Oct 26, 2022. Recovery took 491 trading sessions.

The current Fidelity New Jersey Municipal Income Fund drawdown is 1.27%.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

-14.65%Aug 6, 2021311Oct 26, 2022491Oct 1, 2024802
-12.37%Mar 10, 20209Mar 20, 2020176Nov 30, 2020185
-11.41%Oct 18, 1993286Nov 21, 1994121May 9, 1995407
-10.46%Jan 24, 2008184Oct 15, 200880Feb 10, 2009264
-7.13%May 3, 201387Sep 5, 2013169May 8, 2014256

Volatility

Volatility Chart

The current Fidelity New Jersey Municipal Income Fund volatility is 1.37%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.37%
3.96%
FNJHX (Fidelity New Jersey Municipal Income Fund)
Benchmark (^GSPC)