FTNJ vs. VNJTX

Last updated Jun 4, 2026

FTNJ (Franklin New Jersey Municipal Income ETF) and VNJTX (Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares) are both Municipal Bonds funds. A 0.59 correlation means they provide meaningful diversification when combined. FTNJ charges 0.35%/yr vs 0.17%/yr for VNJTX.

Performance

FTNJ vs. VNJTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin New Jersey Municipal Income ETF (FTNJ) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FTNJ achieves a 1.80% return, which is significantly lower than VNJTX's 1.94% return.

FTNJ

• 1D: -0.06%
• 1M: 0.63%
• YTD: 1.80%
• 6M: 2.23%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

VNJTX

• 1D: 0.18%
• 1M: 0.74%
• YTD: 1.94%
• 6M: 2.34%
• 1Y: 8.74%
• 3Y*: 4.75%
• 5Y*: 1.44%
• 10Y*: 3.07%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FTNJ vs. VNJTX - Yearly Performance Comparison

	2026 (YTD)	2025
FTNJ Franklin New Jersey Municipal Income ETF	1.80%	0.34%
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares	1.94%	0.26%

Correlation

The correlation between FTNJ and VNJTX is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 11, 2025	0.59

Return for Risk

FTNJ vs. VNJTX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

VNJTX

VNJTX Risk / Return Rank: 76
VNJTX Sharpe Ratio Rank: 87
VNJTX Sortino Ratio Rank: 91
VNJTX Omega Ratio Rank: 92
VNJTX Calmar Ratio Rank: 58
VNJTX Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FTNJ vs. VNJTX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin New Jersey Municipal Income ETF (FTNJ) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	FTNJ	VNJTX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.82	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.32	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.67	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.17	1.25	-0.09

Drawdowns

FTNJ vs. VNJTX - Drawdown Comparison

The maximum FTNJ drawdown since its inception was -2.72%, smaller than the maximum VNJTX drawdown of -15.71%. Use the drawdown chart below to compare losses from any high point for FTNJ and VNJTX.

Drawdown Indicators

	FTNJ	VNJTX	Difference
Max Drawdown Largest peak-to-trough decline	-2.72%	-15.71%	+12.99%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.94%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-6.88%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-15.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-15.71%	—
Current Drawdown Current decline from peak	-0.20%	-0.23%	+0.03%
Average Drawdown Average peak-to-trough decline	-0.61%	-1.86%	+1.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.82%	—

Volatility

Volatility by Period

	FTNJ	VNJTX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.15%	—
Volatility (6M) Calculated over the trailing 6-month period	—	2.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	3.35%	3.05%	+0.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.35%	4.55%	-1.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.35%	4.56%	-1.21%

FTNJ vs. VNJTX - Expense Ratio Comparison

FTNJ has a 0.35% expense ratio, which is higher than VNJTX's 0.17% expense ratio.

Dividends

FTNJ vs. VNJTX - Dividend Comparison

FTNJ's dividend yield for the trailing twelve months is around 1.98%, less than VNJTX's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTNJ Franklin New Jersey Municipal Income ETF	1.98%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares	3.58%	4.42%	3.97%	3.26%	3.14%	2.84%	3.71%	4.06%	3.93%	4.03%	4.51%	3.70%

Frequently Asked Questions

Can I hold both FTNJ and VNJTX in my portfolio?

FTNJ and VNJTX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.