FNJHX vs. NJTFX
Compare and contrast key facts about Fidelity New Jersey Municipal Income Fund (FNJHX) and T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX).
FNJHX is managed by Fidelity. It was launched on Jan 1, 1988. NJTFX is managed by T. Rowe Price. It was launched on Apr 29, 1991.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNJHX or NJTFX.
Key characteristics
| FNJHX | NJTFX | |
|---|---|---|
| YTD Return | 1.66% | 2.78% |
| 1Y Return | 7.79% | 8.62% |
| 3Y Return (Ann) | -0.19% | -0.20% |
| 5Y Return (Ann) | 1.35% | 1.47% |
| 10Y Return (Ann) | 2.43% | 1.85% |
| Sharpe Ratio | 2.14 | 2.58 |
| Sortino Ratio | 3.31 | 3.95 |
| Omega Ratio | 1.50 | 1.59 |
| Calmar Ratio | 0.89 | 0.95 |
| Martin Ratio | 7.82 | 12.22 |
| Ulcer Index | 0.92% | 0.71% |
| Daily Std Dev | 3.40% | 3.38% |
| Max Drawdown | -14.65% | -17.09% |
| Current Drawdown | -1.53% | -1.28% |
Correlation
The correlation between FNJHX and NJTFX is 0.81, 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.
Performance
FNJHX vs. NJTFX - Performance Comparison
In the year-to-date period, FNJHX achieves a 1.66% return, which is significantly lower than NJTFX's 2.78% return. Over the past 10 years, FNJHX has outperformed NJTFX with an annualized return of 2.43%, while NJTFX has yielded a comparatively lower 1.85% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FNJHX vs. NJTFX - Expense Ratio Comparison
FNJHX has a 0.47% expense ratio, which is lower than NJTFX's 0.56% expense ratio.
Risk-Adjusted Performance
FNJHX vs. NJTFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Jersey Municipal Income Fund (FNJHX) and T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX). 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.
Dividends
FNJHX vs. NJTFX - Dividend Comparison
FNJHX's dividend yield for the trailing twelve months is around 2.90%, less than NJTFX's 3.12% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNJHX Fidelity New Jersey Municipal Income Fund | 2.90% | 2.67% | 2.38% | 1.95% | 2.36% | 2.70% | 2.93% | 2.93% | 3.11% | 3.33% | 3.27% | 4.02% |
NJTFX T. Rowe Price New Jersey Tax Free Bond Fund | 3.12% | 2.84% | 2.70% | 2.37% | 2.98% | 2.84% | 3.13% | 3.14% | 1.10% | 0.00% | 0.00% | 0.02% |
Drawdowns
FNJHX vs. NJTFX - Drawdown Comparison
The maximum FNJHX drawdown since its inception was -14.65%, smaller than the maximum NJTFX drawdown of -17.09%. Use the drawdown chart below to compare losses from any high point for FNJHX and NJTFX. For additional features, visit the drawdowns tool.
Volatility
FNJHX vs. NJTFX - Volatility Comparison
Fidelity New Jersey Municipal Income Fund (FNJHX) and T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) have volatilities of 1.61% and 1.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.