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Vanguard New Jersey Long-Term Tax-Exempt Fund Inve...
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX)

Mutual Fund · Currency in USD · Last updated May 20, 2025

Fund Info

ISIN

US92204F2065

CUSIP

92204F206

Issuer

Vanguard

Inception Date

Feb 3, 1988

Category

Municipal Bonds

Min. Investment

$3,000

Home Page

advisors.vanguard.com

Asset Class

Bond

Expense Ratio

VNJTX has an expense ratio of 0.17%, which is considered low.

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.

Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares

Popular comparisons:
VNJTX vs. FNJHX VNJTX vs. PZA VNJTX vs. MUBFX VNJTX vs. MUB VNJTX vs. FHIGX VNJTX vs. VTEB VNJTX vs. VTIP VNJTX vs. EDV VNJTX vs. VT VNJTX vs. BND
Popular comparisons:
VNJTX vs. FNJHX VNJTX vs. PZA VNJTX vs. MUBFX VNJTX vs. MUB VNJTX vs. FHIGX VNJTX vs. VTEB VNJTX vs. VTIP VNJTX vs. EDV VNJTX vs. VT VNJTX vs. BND

Performance

Performance Chart

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S&P 500

Returns By Period

Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) returned -1.85% year-to-date (YTD) and 0.75% over the past 12 months. Over the past 10 years, VNJTX returned 2.60% annually, underperforming the S&P 500 benchmark at 10.86%.

VNJTX

YTD

-1.85%

1M

0.67%

6M

-1.82%

1Y

0.75%

3Y*

3.34%

5Y*

1.61%

10Y*

2.60%

^GSPC (Benchmark)

YTD

1.39%

1M

12.89%

6M

1.19%

1Y

12.45%

3Y*

15.19%

5Y*

14.95%

10Y*

10.86%

*Annualized

Monthly Returns

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

JanFebMarAprMayJunJulAugSepOctNovDecTotal
20250.28%1.08%-2.24%-0.60%-0.36%-1.85%
2024-0.25%0.11%-0.07%-1.30%-0.16%1.90%0.90%0.72%1.34%-1.61%1.96%-1.37%2.10%
20233.53%-2.54%2.54%0.19%-0.87%0.99%0.28%-1.31%-3.32%-1.76%7.58%2.96%8.04%
2022-2.86%-0.74%-3.06%-3.58%1.41%-2.29%3.12%-2.80%-4.32%-0.75%5.61%-0.09%-10.31%
20211.25%-1.79%0.79%1.18%0.61%0.45%0.76%-0.33%-0.79%-0.25%1.01%-0.41%2.47%
20201.95%1.75%-5.66%-2.72%3.09%2.16%2.45%-0.16%-0.07%-0.07%2.18%0.55%5.22%
20190.72%0.52%1.97%0.53%1.77%0.43%0.92%1.88%-0.77%0.11%0.18%-0.13%8.38%
2018-1.43%-0.56%0.64%-0.30%1.32%0.12%0.47%0.22%-0.55%-0.88%1.15%0.98%1.14%
20170.23%0.80%0.39%0.81%1.83%-0.12%0.89%1.55%0.03%0.38%-0.05%0.80%7.80%
20161.30%0.03%0.54%0.86%0.70%2.07%0.06%0.54%-0.43%-0.99%-4.75%0.22%-0.02%
20151.86%-1.42%0.21%-0.86%-1.03%-0.04%0.90%-0.28%0.80%0.63%0.63%1.14%2.52%
20142.40%1.13%0.31%1.31%1.39%-0.21%0.13%1.54%0.12%0.62%-0.04%0.38%9.45%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of VNJTX is 22, meaning it’s performing worse than 78% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.

The Risk-Adjusted Performance Rank of VNJTX is 2222
Overall Rank
The Sharpe Ratio Rank of VNJTX is 2626
Sharpe Ratio Rank
The Sortino Ratio Rank of VNJTX is 1818
Sortino Ratio Rank
The Omega Ratio Rank of VNJTX is 1919
Omega Ratio Rank
The Calmar Ratio Rank of VNJTX is 2323
Calmar Ratio Rank
The Martin Ratio Rank of VNJTX is 2222
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 Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares Sharpe ratios as of May 20, 2025 (values are recalculated daily):

  • 1-Year: 0.13
  • 5-Year: 0.37
  • 10-Year: 0.58
  • All Time: 1.19

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

The chart below shows the rolling Sharpe ratio of Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time. For deeper analysis or to customize the calculation, use the Sharpe ratio tool.

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Dividends

Dividend History

Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares provided a 3.53% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 3 consecutive years.

2.60%2.80%3.00%3.20%3.40%3.60%$0.00$0.10$0.20$0.30$0.4020142015201620172018201920202021202220232024
Dividends
Dividend Yield
PeriodTTM20242023202220212020201920182017201620152014
Dividend$0.39$0.39$0.38$0.35$0.34$0.37$0.40$0.42$0.43$0.43$0.43$0.43

Dividend yield

3.53%3.39%3.26%3.14%2.69%2.94%3.23%3.54%3.50%3.68%3.53%3.52%

Monthly Dividends

The table displays the monthly dividend distributions for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

JanFebMarAprMayJunJulAugSepOctNovDecTotal
2025$0.03$0.03$0.03$0.03$0.00$0.13
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.39
2023$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.38
2022$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
2021$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
2020$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.37
2019$0.04$0.03$0.04$0.03$0.04$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.40
2018$0.04$0.03$0.04$0.03$0.04$0.03$0.04$0.04$0.03$0.04$0.03$0.04$0.42
2017$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.03$0.04$0.03$0.04$0.43
2016$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.43
2015$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.43
2014$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.43

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.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares. 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 Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares was 16.22%, occurring on Oct 25, 2022. The portfolio has not yet recovered.

The current Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares drawdown is 3.66%.

Depth

Start

To Bottom

Bottom

To Recover

End

Total

-16.22%Aug 6, 2021308Oct 25, 2022———
-13.14%Mar 10, 20209Mar 20, 2020170Nov 19, 2020179
-11.87%Feb 1, 1994210Nov 21, 199472Mar 1, 1995282
-10.25%Jan 24, 2008185Oct 16, 2008126Apr 20, 2009311
-7.47%May 3, 201387Sep 5, 2013150Apr 10, 2014237

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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