FNJHX vs. VNJUX
Compare and contrast key facts about Fidelity New Jersey Municipal Income Fund (FNJHX) and Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX).
FNJHX is managed by Fidelity. It was launched on Jan 1, 1988. VNJUX is managed by Vanguard. It was launched on May 14, 2001.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNJHX or VNJUX.
Key characteristics
| FNJHX | VNJUX | |
|---|---|---|
| YTD Return | 1.66% | 2.05% |
| 1Y Return | 7.79% | 9.38% |
| 3Y Return (Ann) | -0.19% | -0.33% |
| 5Y Return (Ann) | 1.35% | 1.51% |
| 10Y Return (Ann) | 2.43% | 2.76% |
| Sharpe Ratio | 2.14 | 2.39 |
| Sortino Ratio | 3.31 | 3.60 |
| Omega Ratio | 1.50 | 1.53 |
| Calmar Ratio | 0.89 | 0.93 |
| Martin Ratio | 7.82 | 9.79 |
| Ulcer Index | 0.92% | 0.96% |
| Daily Std Dev | 3.40% | 3.92% |
| Max Drawdown | -14.65% | -16.13% |
| Current Drawdown | -1.53% | -1.71% |
Correlation
The correlation between FNJHX and VNJUX is 0.87, 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. VNJUX - Performance Comparison
In the year-to-date period, FNJHX achieves a 1.66% return, which is significantly lower than VNJUX's 2.05% return. Over the past 10 years, FNJHX has underperformed VNJUX with an annualized return of 2.43%, while VNJUX has yielded a comparatively higher 2.76% 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. VNJUX - Expense Ratio Comparison
FNJHX has a 0.47% expense ratio, which is higher than VNJUX's 0.09% expense ratio.
Risk-Adjusted Performance
FNJHX vs. VNJUX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity New Jersey Municipal Income Fund (FNJHX) and Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX). 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. VNJUX - Dividend Comparison
FNJHX's dividend yield for the trailing twelve months is around 2.90%, less than VNJUX's 3.45% 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% |
VNJUX Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares | 3.45% | 3.31% | 3.22% | 2.77% | 3.01% | 3.33% | 3.60% | 3.60% | 3.79% | 3.61% | 3.61% | 3.84% |
Drawdowns
FNJHX vs. VNJUX - Drawdown Comparison
The maximum FNJHX drawdown since its inception was -14.65%, smaller than the maximum VNJUX drawdown of -16.13%. Use the drawdown chart below to compare losses from any high point for FNJHX and VNJUX. For additional features, visit the drawdowns tool.
Volatility
FNJHX vs. VNJUX - Volatility Comparison
The current volatility for Fidelity New Jersey Municipal Income Fund (FNJHX) is 1.61%, while Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) has a volatility of 1.93%. This indicates that FNJHX experiences smaller price fluctuations and is considered to be less risky than VNJUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.