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.
Performance
FNJHX vs. NJTFX - Performance Comparison
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FNJHX vs. NJTFX - 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% |
NJTFX T. Rowe Price New Jersey Tax Free Bond Fund | 0.29% | 6.48% | 2.88% | 7.18% | -10.24% | 2.67% | 4.73% | 6.65% | 1.31% | 5.30% |
Returns By Period
In the year-to-date period, FNJHX achieves a -0.65% return, which is significantly lower than NJTFX's 0.29% return. Both investments have delivered pretty close results over the past 10 years, with FNJHX having a 2.63% annualized return and NJTFX not far behind at 2.50%.
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%
NJTFX
- 1D
- 0.27%
- 1M
- -1.91%
- YTD
- 0.29%
- 6M
- 2.82%
- 1Y
- 7.06%
- 3Y*
- 4.41%
- 5Y*
- 1.61%
- 10Y*
- 2.50%
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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.
Return for Risk
FNJHX vs. NJTFX — Risk / Return Rank
FNJHX
NJTFX
FNJHX vs. NJTFX - Risk-Adjusted Trends 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.
| FNJHX | NJTFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.52 | -0.42 |
Sortino ratioReturn per unit of downside risk | 1.47 | 2.03 | -0.56 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.43 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 1.66 | -0.39 |
Martin ratioReturn relative to average drawdown | 4.77 | 5.82 | -1.05 |
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 | NJTFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.52 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.41 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.65 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 1.27 | +0.02 |
Correlation
The correlation between FNJHX and NJTFX is 0.83, 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. NJTFX - Dividend Comparison
FNJHX's dividend yield for the trailing twelve months is around 2.99%, less than NJTFX's 6.15% 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% |
NJTFX T. Rowe Price New Jersey Tax Free Bond Fund | 6.15% | 5.81% | 3.19% | 3.27% | 2.03% | 2.56% | 2.79% | 2.84% | 3.13% | 3.13% | 3.26% | 3.36% |
Drawdowns
FNJHX vs. NJTFX - Drawdown Comparison
The maximum FNJHX drawdown since its inception was -14.74%, roughly equal to the maximum NJTFX drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for FNJHX and NJTFX.
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Drawdown Indicators
| FNJHX | NJTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.74% | -15.19% | +0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -4.42% | -4.84% | +0.42% |
Max Drawdown (5Y)Largest decline over 5 years | -14.74% | -15.19% | +0.45% |
Max Drawdown (10Y)Largest decline over 10 years | -14.74% | -15.19% | +0.45% |
Current DrawdownCurrent decline from peak | -2.77% | -2.16% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -1.77% | -1.82% | +0.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.17% | 1.38% | -0.21% |
Volatility
FNJHX vs. NJTFX - Volatility Comparison
Fidelity New Jersey Municipal Income Fund (FNJHX) has a higher volatility of 1.15% compared to T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) at 1.09%. This indicates that FNJHX's price experiences larger fluctuations and is considered to be riskier than NJTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FNJHX | NJTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.09% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.70% | 1.75% | -0.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.49% | 4.95% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.90% | 3.96% | -0.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.08% | 3.86% | +0.22% |