EDV vs. VNJTX
EDV (Vanguard Extended Duration Treasury ETF) and VNJTX (Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares) are both funds - EDV is a Government Bonds fund tracking the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index, while VNJTX is a Municipal Bonds fund managed by Vanguard. Over the past 10 years, EDV returned -3.32%/yr vs 3.07%/yr for VNJTX. At a 0.45 correlation, their price movements are largely independent. EDV charges 0.05%/yr vs 0.17%/yr for VNJTX.
Performance
EDV vs. VNJTX - Performance Comparison
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Returns By Period
In the year-to-date period, EDV achieves a -0.72% return, which is significantly lower than VNJTX's 1.94% return. Over the past 10 years, EDV has underperformed VNJTX with an annualized return of -3.32%, while VNJTX has yielded a comparatively higher 3.07% annualized return.
EDV
- 1D
- -0.48%
- 1M
- 1.42%
- YTD
- -0.72%
- 6M
- -3.69%
- 1Y
- 4.85%
- 3Y*
- -5.25%
- 5Y*
- -10.02%
- 10Y*
- -3.32%
VNJTX
- 1D
- 0.18%
- 1M
- 0.74%
- YTD
- 1.94%
- 6M
- 2.34%
- 1Y
- 8.74%
- 3Y*
- 4.75%
- 5Y*
- 1.44%
- 10Y*
- 3.07%
EDV vs. VNJTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | -0.72% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 1.94% | 4.89% | 2.69% | 8.04% | -10.31% | 2.62% | 6.02% | 9.27% | 1.53% | 8.37% |
Correlation
The correlation between EDV and VNJTX is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.47 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2007 | 0.45 |
The correlation between EDV and VNJTX shifts across timeframes, from 0.45 (all time) to 0.58 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
EDV vs. VNJTX — Risk / Return Rank
EDV
VNJTX
EDV vs. VNJTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Extended Duration Treasury ETF (EDV) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX). 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.
| EDV | VNJTX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.49 | ||
| Sortino ratioReturn per unit of downside risk | -3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.69 | -0.62 |
| Calmar ratioReturn relative to maximum drawdown | 0.39 | 2.92 | -2.53 |
| Martin ratioReturn relative to average drawdown | 0.90 | 10.50 | -9.60 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EDV | VNJTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 2.82 | -2.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.47 | 0.32 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.17 | 0.67 | -0.84 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.12 | 1.25 | -1.13 |
Drawdowns
EDV vs. VNJTX - Drawdown Comparison
The maximum EDV drawdown since its inception was -59.96%, which is greater than VNJTX's maximum drawdown of -15.71%. Use the drawdown chart below to compare losses from any high point for EDV and VNJTX.
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Drawdown Indicators
| EDV | VNJTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.96% | -15.71% | -44.25% |
Max Drawdown (1Y)Largest decline over 1 year | -12.54% | -2.94% | -9.60% |
Max Drawdown (3Y)Largest decline over 3 years | -26.99% | -6.88% | -20.11% |
Max Drawdown (5Y)Largest decline over 5 years | -55.03% | -15.71% | -39.32% |
Max Drawdown (10Y)Largest decline over 10 years | -59.96% | -15.71% | -44.25% |
Current DrawdownCurrent decline from peak | -54.45% | -0.23% | -54.22% |
Average DrawdownAverage peak-to-trough decline | -23.43% | -1.86% | -21.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.38% | 0.82% | +4.56% |
Volatility
EDV vs. VNJTX - Volatility Comparison
Vanguard Extended Duration Treasury ETF (EDV) has a higher volatility of 4.06% compared to Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) at 1.15%. This indicates that EDV's price experiences larger fluctuations and is considered to be riskier than VNJTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EDV | VNJTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.06% | 1.15% | +2.91% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 2.25% | +7.40% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.64% | 3.05% | +11.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 4.55% | +17.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.81% | 4.56% | +15.25% |
EDV vs. VNJTX - Expense Ratio Comparison
EDV has a 0.05% expense ratio, which is lower than VNJTX's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EDV vs. VNJTX - Dividend Comparison
EDV's dividend yield for the trailing twelve months is around 4.99%, more than VNJTX's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EDV Vanguard Extended Duration Treasury ETF | 4.99% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 3.58% | 4.42% | 3.97% | 3.26% | 3.14% | 2.84% | 3.71% | 4.06% | 3.93% | 4.03% | 4.51% | 3.70% |
Frequently Asked Questions
EDV and VNJTX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EDV has higher volatility (4.06%) compared to VNJTX (1.15%). In terms of maximum drawdown, EDV dropped -59.96% vs VNJTX's -15.71%.
VNJTX currently has the higher Sharpe Ratio (2.82 vs 0.33), 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.
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