DRNJX vs. NPV
DRNJX (BNY Mellon New Jersey Municipal Bond Fund Class A) and NPV (Nuveen Virginia Quality Municipal Income Fund) are both Municipal Bonds funds. Over the past 10 years, DRNJX returned 1.61%/yr vs 1.58%/yr for NPV. Their 0.24 correlation means their historical movements had little consistent relationship. DRNJX charges 0.95%/yr vs 1.51%/yr for NPV.
Performance
DRNJX vs. NPV - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DRNJX achieves a 0.24% return, which is significantly lower than NPV's 2.02% return. Both investments have delivered pretty close results over the past 10 years, with DRNJX having a 1.61% annualized return and NPV not far behind at 1.58%.
DRNJX
- 1D
- 0.09%
- 1M
- -2.10%
- 6M
- -0.35%
- YTD
- 0.24%
- 1Y
- 5.05%
- 3Y*
- 3.21%
- 5Y*
- 0.09%
- 10Y*
- 1.61%
- ALL TIME*
- 2.88%
NPV
- 1D
- 0.93%
- 1M
- -5.30%
- 6M
- -1.16%
- YTD
- 2.02%
- 1Y
- 6.22%
- 3Y*
- 6.87%
- 5Y*
- -2.95%
- 10Y*
- 1.58%
- ALL TIME*
- 4.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $836.69K | $763.95K | $549.17K |
DRNJX vs. NPV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DRNJX BNY Mellon New Jersey Municipal Bond Fund Class A | 0.24% | 4.00% | 1.68% | 5.55% | -9.74% | 1.24% | 4.17% | 7.31% | 1.16% | 5.65% |
NPV Nuveen Virginia Quality Municipal Income Fund | 2.02% | -5.91% | 24.61% | 0.42% | -31.53% | 10.93% | 13.15% | 29.60% | -4.42% | 3.20% |
Correlation
The correlation between DRNJX and NPV is 0.37, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.37 |
Correlation (3Y) Balances recent behavior with more history. | 0.42 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.35 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2006 | 0.24 |
The correlation between DRNJX and NPV shifts across timeframes, from 0.24 (all time) to 0.42 (5 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DRNJX vs. NPV — Risk / Return Rank
DRNJX
NPV
DRNJX vs. NPV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon New Jersey Municipal Bond Fund Class A (DRNJX) and Nuveen Virginia Quality Municipal Income Fund (NPV). 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.
| DRNJX | NPV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.90 | ||
| Sortino ratioReturn per unit of downside risk | +1.24 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.16 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 1.87 | 0.96 | +0.91 |
| Martin ratioReturn relative to average drawdown | 6.06 | 3.24 | +2.82 |
Loading charts...
Drawdowns
DRNJX vs. NPV - Drawdown Comparison
The maximum DRNJX drawdown since its inception was -14.81%, smaller than the maximum NPV drawdown of -44.25%. Use the drawdown chart below to compare losses from any high point for DRNJX and NPV.
Loading charts...
Drawdown Indicators
| DRNJX | NPV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.81% | -44.25% | +29.44% |
Max Drawdown (1Y)Largest decline over 1 year | -2.75% | -6.50% | +3.75% |
Max Drawdown (3Y)Largest decline over 3 years | -5.75% | -18.29% | +12.54% |
Max Drawdown (5Y)Largest decline over 5 years | -14.68% | -44.25% | +29.57% |
Max Drawdown (10Y)Largest decline over 10 years | -14.81% | -44.25% | +29.44% |
Current DrawdownCurrent decline from peak | -2.10% | -19.55% | +17.45% |
Average DrawdownAverage peak-to-trough decline | -2.43% | -10.21% | +7.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 1.92% | -1.07% |
Volatility
DRNJX vs. NPV - Volatility Comparison
The current volatility for BNY Mellon New Jersey Municipal Bond Fund Class A (DRNJX) is 1.06%, while Nuveen Virginia Quality Municipal Income Fund (NPV) has a volatility of 2.47%. This indicates that DRNJX experiences smaller price fluctuations and is considered to be less risky than NPV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DRNJX | NPV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.06% | 2.47% | -1.41% |
Volatility (6M)Calculated over the trailing 6-month period | 2.41% | 5.22% | -2.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.93% | 7.24% | -4.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.15% | 13.41% | -9.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.02% | 13.16% | -9.14% |
DRNJX vs. NPV - Expense Ratio Comparison
DRNJX has a 0.95% expense ratio, which is lower than NPV's 1.51% expense ratio.
Dividends
DRNJX vs. NPV - Dividend Comparison
DRNJX's dividend yield for the trailing twelve months is around 2.69%, less than NPV's 7.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DRNJX BNY Mellon New Jersey Municipal Bond Fund Class A | 2.69% | 3.69% | 2.68% | 2.11% | 2.35% | 1.85% | 2.56% | 3.73% | 4.41% | 3.13% | 3.33% | 3.38% |
NPV Nuveen Virginia Quality Municipal Income Fund | 7.18% | 7.55% | 5.63% | 3.89% | 5.08% | 3.42% | 3.49% | 3.58% | 4.62% | 4.40% | 4.87% | 5.25% |
Frequently Asked Questions
DRNJX and NPV have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NPV has higher volatility (2.47%) compared to DRNJX (1.06%). In terms of maximum drawdown, DRNJX dropped -14.81% vs NPV's -44.25%.
DRNJX currently has the higher Sharpe Ratio (1.76 vs 0.86), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for DRNJX and NPV
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer