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FNJHX vs. VTEB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FNJHX and VTEB is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.7

Performance

FNJHX vs. VTEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity New Jersey Municipal Income Fund (FNJHX) and Vanguard Tax-Exempt Bond ETF (VTEB). The values are adjusted to include any dividend payments, if applicable.

0.00%1.00%2.00%3.00%JulyAugustSeptemberOctoberNovemberDecember
0.97%
1.17%
FNJHX
VTEB

Key characteristics

Sharpe Ratio

FNJHX:

0.29

VTEB:

0.31

Sortino Ratio

FNJHX:

0.42

VTEB:

0.45

Omega Ratio

FNJHX:

1.06

VTEB:

1.06

Calmar Ratio

FNJHX:

0.19

VTEB:

0.26

Martin Ratio

FNJHX:

0.94

VTEB:

1.24

Ulcer Index

FNJHX:

1.02%

VTEB:

0.96%

Daily Std Dev

FNJHX:

3.24%

VTEB:

3.83%

Max Drawdown

FNJHX:

-14.65%

VTEB:

-17.00%

Current Drawdown

FNJHX:

-2.21%

VTEB:

-1.96%

Returns By Period

The year-to-date returns for both stocks are quite close, with FNJHX having a 0.95% return and VTEB slightly lower at 0.94%.


FNJHX

YTD

0.95%

1M

-0.95%

6M

0.98%

1Y

1.13%

5Y*

1.04%

10Y*

2.31%

VTEB

YTD

0.94%

1M

-0.81%

6M

1.17%

1Y

1.24%

5Y*

0.96%

10Y*

N/A

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


FNJHX vs. VTEB - Expense Ratio Comparison

FNJHX has a 0.47% expense ratio, which is higher than VTEB's 0.05% expense ratio.


FNJHX
Fidelity New Jersey Municipal Income Fund
Expense ratio chart for FNJHX: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%
Expense ratio chart for VTEB: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

Risk-Adjusted Performance

FNJHX vs. VTEB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity New Jersey Municipal Income Fund (FNJHX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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.


Sharpe ratio
The chart of Sharpe ratio for FNJHX, currently valued at 0.29, compared to the broader market-1.000.001.002.003.004.000.290.24
The chart of Sortino ratio for FNJHX, currently valued at 0.42, compared to the broader market-2.000.002.004.006.008.0010.000.420.36
The chart of Omega ratio for FNJHX, currently valued at 1.06, compared to the broader market0.501.001.502.002.503.003.501.061.05
The chart of Calmar ratio for FNJHX, currently valued at 0.19, compared to the broader market0.002.004.006.008.0010.0012.0014.000.190.20
The chart of Martin ratio for FNJHX, currently valued at 0.94, compared to the broader market0.0020.0040.0060.000.940.96
FNJHX
VTEB

The current FNJHX Sharpe Ratio is 0.29, which is comparable to the VTEB Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of FNJHX and VTEB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.29
0.24
FNJHX
VTEB

Dividends

FNJHX vs. VTEB - Dividend Comparison

FNJHX's dividend yield for the trailing twelve months is around 2.69%, less than VTEB's 2.87% yield.


TTM20232022202120202019201820172016201520142013
FNJHX
Fidelity New Jersey Municipal Income Fund
2.69%2.67%2.38%1.95%2.36%2.70%2.93%2.93%3.11%3.33%3.27%4.02%
VTEB
Vanguard Tax-Exempt Bond ETF
2.87%2.79%2.09%1.65%1.99%2.30%2.25%1.96%1.66%0.58%0.00%0.00%

Drawdowns

FNJHX vs. VTEB - Drawdown Comparison

The maximum FNJHX drawdown since its inception was -14.65%, smaller than the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for FNJHX and VTEB. For additional features, visit the drawdowns tool.


-3.50%-3.00%-2.50%-2.00%-1.50%-1.00%-0.50%0.00%JulyAugustSeptemberOctoberNovemberDecember
-2.21%
-1.96%
FNJHX
VTEB

Volatility

FNJHX vs. VTEB - Volatility Comparison

Fidelity New Jersey Municipal Income Fund (FNJHX) and Vanguard Tax-Exempt Bond ETF (VTEB) have volatilities of 1.22% and 1.17%, 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.


0.50%1.00%1.50%2.00%JulyAugustSeptemberOctoberNovemberDecember
1.22%
1.17%
FNJHX
VTEB
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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