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

Fund Info

ISIN

US92204F2065

CUSIP

92204F206

Issuer

Vanguard

Inception Date

Feb 3, 1988

Min. Investment

$3,000

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

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares, 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
3.80%
12.92%
VNJTX (Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares)
Benchmark (^GSPC)

Returns By Period

Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares had a return of 2.24% year-to-date (YTD) and 7.29% in the last 12 months. Over the past 10 years, Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares had an annualized return of 2.71%, while the S&P 500 had an annualized return of 11.16%, indicating that Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares did not perform as well as the benchmark.


VNJTX

YTD

2.24%

1M

0.55%

6M

3.80%

1Y

7.29%

5Y (annualized)

1.37%

10Y (annualized)

2.71%

^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 VNJTX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024-0.25%0.11%-0.07%-1.30%-0.16%1.90%0.90%0.72%1.33%-1.62%2.24%
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%-0.32%-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%-0.14%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%-0.13%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%-1.43%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%
20130.53%0.35%-0.59%1.27%-1.56%-3.24%-0.96%-1.23%2.68%0.92%-0.37%-0.37%-2.66%

Expense Ratio

VNJTX has an expense ratio of 0.17%, which is considered low compared to other funds.


Expense ratio chart for VNJTX: current value at 0.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.17%

Risk-Adjusted Performance

Risk-Adjusted Performance Rank

The current rank of VNJTX is 53, 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 VNJTX is 5353
Combined Rank
The Sharpe Ratio Rank of VNJTX is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of VNJTX is 6262
Sortino Ratio Rank
The Omega Ratio Rank of VNJTX is 7171
Omega Ratio Rank
The Calmar Ratio Rank of VNJTX is 4040
Calmar Ratio Rank
The Martin Ratio Rank of VNJTX is 3838
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.


Sharpe ratio
The chart of Sharpe ratio for VNJTX, currently valued at 1.99, compared to the broader market-1.000.001.002.003.004.005.001.992.54
The chart of Sortino ratio for VNJTX, currently valued at 2.94, compared to the broader market0.005.0010.002.943.40
The chart of Omega ratio for VNJTX, currently valued at 1.43, compared to the broader market1.002.003.004.001.431.47
The chart of Calmar ratio for VNJTX, currently valued at 0.90, compared to the broader market0.005.0010.0015.0020.000.903.66
The chart of Martin ratio for VNJTX, currently valued at 7.59, compared to the broader market0.0020.0040.0060.0080.00100.007.5916.26
VNJTX
^GSPC

The current Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares Sharpe ratio is 1.99. 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 Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares 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
1.99
2.54
VNJTX (Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares)
Benchmark (^GSPC)

Dividends

Dividend History

Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares provided a 3.37% dividend yield over the last twelve months, with an annual payout of $0.39 per share. The fund has been increasing its distributions for 2 consecutive years.


2.60%2.80%3.00%3.20%3.40%3.60%3.80%$0.00$0.10$0.20$0.30$0.4020132014201520162017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM20232022202120202019201820172016201520142013
Dividend$0.39$0.38$0.35$0.34$0.37$0.40$0.42$0.43$0.43$0.43$0.43$0.44

Dividend yield

3.37%3.26%3.14%2.69%2.94%3.23%3.54%3.50%3.68%3.53%3.52%3.76%

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
2024$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.03$0.00$0.32
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
2013$0.04$0.03$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.04$0.44

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
-1.70%
-0.88%
VNJTX (Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares)
Benchmark (^GSPC)

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 1.70%.


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 current Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares volatility is 1.66%, 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
1.66%
3.96%
VNJTX (Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares)
Benchmark (^GSPC)