FNJHX vs. NJTFX

In the year-to-date period, FNJHX achieves a -1.03% return, which is significantly higher than NJTFX's -1.31% return. Over the past 10 years, FNJHX has outperformed NJTFX with an annualized return of 2.36%, while NJTFX has yielded a comparatively lower 1.81% annualized return.

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FNJHX has a 0.47% expense ratio, which is lower than NJTFX's 0.56% expense ratio.

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.

The current FNJHX Sharpe Ratio is 0.19, which is comparable to the NJTFX Sharpe Ratio of 0.26. The chart below compares the historical Sharpe Ratios of FNJHX and NJTFX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FNJHX's dividend yield for the trailing twelve months is around 2.74%, less than NJTFX's 3.32% yield.

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.

The current volatility for Fidelity New Jersey Municipal Income Fund (FNJHX) is 2.48%, while T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) has a volatility of 2.85%. This indicates that FNJHX experiences smaller price fluctuations and is considered to be less risky than NJTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.