FNJHX vs. VTEB
Compare and contrast key facts about Fidelity New Jersey Municipal Income Fund (FNJHX) and Vanguard Tax-Exempt Bond ETF (VTEB).
FNJHX is managed by Fidelity. It was launched on Jan 1, 1988. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FNJHX or VTEB.
Correlation
The correlation between FNJHX and VTEB is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FNJHX vs. VTEB - Performance Comparison
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Key characteristics
FNJHX:
0.17
VTEB:
0.15
FNJHX:
0.25
VTEB:
0.18
FNJHX:
1.04
VTEB:
1.03
FNJHX:
0.17
VTEB:
0.12
FNJHX:
0.56
VTEB:
0.37
FNJHX:
1.54%
VTEB:
1.53%
FNJHX:
5.01%
VTEB:
4.74%
FNJHX:
-14.65%
VTEB:
-17.00%
FNJHX:
-2.81%
VTEB:
-2.84%
Returns By Period
The year-to-date returns for both stocks are quite close, with FNJHX having a -1.21% return and VTEB slightly lower at -1.27%.
FNJHX
-1.21%
1.62%
-1.15%
0.86%
1.93%
2.34%
VTEB
-1.27%
2.01%
-1.47%
0.72%
0.86%
N/A
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FNJHX vs. VTEB - Expense Ratio Comparison
FNJHX has a 0.47% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
FNJHX vs. VTEB — Risk-Adjusted Performance Rank
FNJHX
VTEB
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.
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Dividends
FNJHX vs. VTEB - Dividend Comparison
FNJHX's dividend yield for the trailing twelve months is around 2.75%, less than VTEB's 3.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNJHX Fidelity New Jersey Municipal Income Fund | 2.75% | 2.93% | 2.67% | 2.38% | 1.95% | 2.36% | 2.70% | 2.93% | 2.93% | 3.11% | 3.33% | 3.27% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.26% | 3.14% | 2.79% | 2.09% | 1.64% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 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.
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Volatility
FNJHX vs. VTEB - Volatility Comparison
Fidelity New Jersey Municipal Income Fund (FNJHX) has a higher volatility of 1.67% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.59%. This indicates that FNJHX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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