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.
Performance
FNJHX vs. MANJX - Performance Comparison
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FNJHX vs. MANJX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNJHX Fidelity New Jersey Municipal Income Fund | -0.65% | 5.61% | 1.48% | 8.08% | -9.75% | 2.04% | 5.13% | 8.67% | 1.46% | 6.91% |
MANJX BlackRock New Jersey Municipal Bond Fund | -0.38% | 5.21% | 2.07% | 7.33% | -10.91% | 3.03% | 4.62% | 7.71% | 1.18% | 7.11% |
Returns By Period
In the year-to-date period, FNJHX achieves a -0.65% return, which is significantly lower than MANJX's -0.38% return. Over the past 10 years, FNJHX has outperformed MANJX with an annualized return of 2.63%, while MANJX has yielded a comparatively lower 2.43% annualized return.
FNJHX
- 1D
- 0.26%
- 1M
- -2.52%
- YTD
- -0.65%
- 6M
- 0.96%
- 1Y
- 4.41%
- 3Y*
- 3.63%
- 5Y*
- 1.23%
- 10Y*
- 2.63%
MANJX
- 1D
- 0.30%
- 1M
- -2.22%
- YTD
- -0.38%
- 6M
- 1.35%
- 1Y
- 4.05%
- 3Y*
- 3.55%
- 5Y*
- 0.97%
- 10Y*
- 2.43%
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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.
Return for Risk
FNJHX vs. MANJX — Risk / Return Rank
FNJHX
MANJX
FNJHX vs. MANJX - Risk-Adjusted Trends 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.
| FNJHX | MANJX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 0.70 | +0.40 |
Sortino ratioReturn per unit of downside risk | 1.47 | 0.95 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.23 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 0.94 | +0.33 |
Martin ratioReturn relative to average drawdown | 4.77 | 3.17 | +1.60 |
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
| FNJHX | MANJX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 0.70 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.21 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.51 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 1.16 | +0.13 |
Correlation
The correlation between FNJHX and MANJX is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FNJHX vs. MANJX - Dividend Comparison
FNJHX's dividend yield for the trailing twelve months is around 2.99%, less than MANJX's 3.75% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNJHX Fidelity New Jersey Municipal Income Fund | 2.99% | 3.66% | 2.94% | 2.67% | 1.78% | 2.11% | 2.60% | 3.45% | 2.96% | 3.47% | 4.18% | 3.19% |
MANJX BlackRock New Jersey Municipal Bond Fund | 3.75% | 4.90% | 4.20% | 3.18% | 2.44% | 2.73% | 3.12% | 3.53% | 3.71% | 3.54% | 3.59% | 3.29% |
Drawdowns
FNJHX vs. MANJX - Drawdown Comparison
The maximum FNJHX drawdown since its inception was -14.74%, smaller than the maximum MANJX drawdown of -15.76%. Use the drawdown chart below to compare losses from any high point for FNJHX and MANJX.
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Drawdown Indicators
| FNJHX | MANJX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.74% | -15.76% | +1.02% |
Max Drawdown (1Y)Largest decline over 1 year | -4.42% | -5.68% | +1.26% |
Max Drawdown (5Y)Largest decline over 5 years | -14.74% | -15.76% | +1.02% |
Max Drawdown (10Y)Largest decline over 10 years | -14.74% | -15.76% | +1.02% |
Current DrawdownCurrent decline from peak | -2.77% | -2.50% | -0.27% |
Average DrawdownAverage peak-to-trough decline | -1.77% | -2.22% | +0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.68% | -0.51% |
Volatility
FNJHX vs. MANJX - Volatility Comparison
The current volatility for Fidelity New Jersey Municipal Income Fund (FNJHX) is 1.15%, while BlackRock New Jersey Municipal Bond Fund (MANJX) has a volatility of 1.28%. 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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Volatility by Period
| FNJHX | MANJX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.28% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 1.89% | -0.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.49% | 6.34% | -1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.90% | 4.58% | -0.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 4.74% | -0.66% |