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 0.66, 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.
Performance
FNJHX vs. VTEB - Performance Comparison
Key characteristics
FNJHX:
0.95
VTEB:
0.60
FNJHX:
1.33
VTEB:
0.85
FNJHX:
1.20
VTEB:
1.11
FNJHX:
0.91
VTEB:
0.50
FNJHX:
3.00
VTEB:
2.16
FNJHX:
1.06%
VTEB:
1.07%
FNJHX:
3.36%
VTEB:
3.84%
FNJHX:
-14.32%
VTEB:
-17.00%
FNJHX:
-1.88%
VTEB:
-1.79%
Returns By Period
In the year-to-date period, FNJHX achieves a -0.26% return, which is significantly lower than VTEB's -0.20% return.
FNJHX
-0.26%
0.25%
1.22%
3.20%
1.36%
2.43%
VTEB
-0.20%
0.17%
0.95%
2.37%
0.72%
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.
Dividends
FNJHX vs. VTEB - Dividend Comparison
FNJHX's dividend yield for the trailing twelve months is around 3.68%, more than VTEB's 3.14% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNJHX Fidelity New Jersey Municipal Income Fund | 3.68% | 3.67% | 3.35% | 2.99% | 1.95% | 2.36% | 2.70% | 3.42% | 2.93% | 3.11% | 3.33% | 3.27% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.14% | 3.14% | 2.79% | 2.09% | 1.65% | 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 -14.32%, 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.
Volatility
FNJHX vs. VTEB - Volatility Comparison
Fidelity New Jersey Municipal Income Fund (FNJHX) has a higher volatility of 1.30% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.15%. 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.