FNJHX vs. MANJX
Compare and contrast key facts about Fidelity New Jersey Municipal Income Fund (FNJHX) and BlackRock New Jersey Municipal Bond Fund (MANJX).
FNJHX is managed by Fidelity. It was launched on Jan 1, 1988. MANJX is managed by Blackrock. It was launched on Aug 30, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNJHX or MANJX.
Correlation
The correlation between FNJHX and MANJX is -0.03. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
FNJHX vs. MANJX - Performance Comparison
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Key characteristics
FNJHX:
0.17
MANJX:
0.02
FNJHX:
0.25
MANJX:
0.07
FNJHX:
1.04
MANJX:
1.01
FNJHX:
0.17
MANJX:
0.02
FNJHX:
0.56
MANJX:
0.08
FNJHX:
1.54%
MANJX:
1.72%
FNJHX:
5.01%
MANJX:
6.76%
FNJHX:
-14.65%
MANJX:
-15.06%
FNJHX:
-2.81%
MANJX:
-3.79%
Returns By Period
In the year-to-date period, FNJHX achieves a -1.21% return, which is significantly higher than MANJX's -1.76% return. Both investments have delivered pretty close results over the past 10 years, with FNJHX having a 2.34% annualized return and MANJX not far ahead at 2.37%.
FNJHX
-1.21%
1.62%
-1.15%
0.86%
1.93%
2.34%
MANJX
-1.76%
1.74%
-1.86%
0.13%
1.91%
2.37%
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FNJHX vs. MANJX - Expense Ratio Comparison
FNJHX has a 0.47% expense ratio, which is lower than MANJX's 0.52% expense ratio.
Risk-Adjusted Performance
FNJHX vs. MANJX — Risk-Adjusted Performance Rank
FNJHX
MANJX
FNJHX vs. MANJX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Jersey Municipal Income Fund (FNJHX) and BlackRock New Jersey Municipal Bond Fund (MANJX). 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.
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Dividends
FNJHX vs. MANJX - Dividend Comparison
FNJHX's dividend yield for the trailing twelve months is around 2.75%, less than MANJX's 3.40% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNJHX Fidelity New Jersey Municipal Income Fund | 2.75% | 2.93% | 2.67% | 2.38% | 1.95% | 2.36% | 2.70% | 2.93% | 2.93% | 3.11% | 3.33% | 3.27% |
MANJX BlackRock New Jersey Municipal Bond Fund | 3.40% | 3.62% | 3.46% | 3.28% | 2.73% | 3.12% | 3.37% | 3.69% | 3.52% | 3.59% | 3.57% | 3.70% |
Drawdowns
FNJHX vs. MANJX - Drawdown Comparison
The maximum FNJHX drawdown since its inception was -14.65%, roughly equal to the maximum MANJX drawdown of -15.06%. Use the drawdown chart below to compare losses from any high point for FNJHX and MANJX. For additional features, visit the drawdowns tool.
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Volatility
FNJHX vs. MANJX - Volatility Comparison
The current volatility for Fidelity New Jersey Municipal Income Fund (FNJHX) is 1.67%, while BlackRock New Jersey Municipal Bond Fund (MANJX) has a volatility of 2.37%. This indicates that FNJHX experiences smaller price fluctuations and is considered to be less risky than MANJX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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