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.
Key characteristics
| FNJHX | VTEB | |
|---|---|---|
| YTD Return | 1.66% | 1.60% |
| 1Y Return | 7.79% | 7.56% |
| 3Y Return (Ann) | -0.19% | -0.17% |
| 5Y Return (Ann) | 1.35% | 1.30% |
| Sharpe Ratio | 2.14 | 1.80 |
| Sortino Ratio | 3.31 | 2.67 |
| Omega Ratio | 1.50 | 1.36 |
| Calmar Ratio | 0.89 | 0.88 |
| Martin Ratio | 7.82 | 7.97 |
| Ulcer Index | 0.92% | 0.90% |
| Daily Std Dev | 3.40% | 3.98% |
| Max Drawdown | -14.65% | -17.00% |
| Current Drawdown | -1.53% | -1.20% |
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
The year-to-date returns for both stocks are quite close, with FNJHX having a 1.66% return and VTEB slightly lower at 1.60%. 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. 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 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 2.90%, less than VTEB's 3.09% 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% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.09% | 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.
Volatility
FNJHX vs. VTEB - Volatility Comparison
The current volatility for Fidelity New Jersey Municipal Income Fund (FNJHX) is 1.61%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.96%. This indicates that FNJHX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.