LISAX vs. MUJ
LISAX (Lord Abbett Intermediate Tax Free Fund) and MUJ (BlackRock MuniHoldings New Jersey Quality Fund) are both Municipal Bonds funds. Over the past 10 years, LISAX returned 1.88%/yr vs 2.43%/yr for MUJ. At a 0.28 correlation, their price movements are largely independent. LISAX charges 0.71%/yr vs 2.26%/yr for MUJ.
Performance
LISAX vs. MUJ - Performance Comparison
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Returns By Period
In the year-to-date period, LISAX achieves a 1.45% return, which is significantly lower than MUJ's 5.53% return. Over the past 10 years, LISAX has underperformed MUJ with an annualized return of 1.88%, while MUJ has yielded a comparatively higher 2.43% annualized return.
LISAX
- 1D
- -0.10%
- 1M
- 1.37%
- YTD
- 1.45%
- 6M
- 1.84%
- 1Y
- 6.31%
- 3Y*
- 4.01%
- 5Y*
- 0.70%
- 10Y*
- 1.88%
MUJ
- 1D
- 0.08%
- 1M
- 1.18%
- YTD
- 5.53%
- 6M
- 4.65%
- 1Y
- 18.84%
- 3Y*
- 9.09%
- 5Y*
- 0.04%
- 10Y*
- 2.43%
LISAX vs. MUJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
LISAX Lord Abbett Intermediate Tax Free Fund | 1.45% | 5.22% | 2.15% | 5.89% | -10.61% | 2.08% | 4.16% | 7.85% | 1.14% | 5.09% |
MUJ BlackRock MuniHoldings New Jersey Quality Fund | 5.53% | 13.86% | 2.28% | 7.55% | -26.31% | 15.20% | 5.95% | 18.95% | -8.49% | 9.99% |
Correlation
The correlation between LISAX and MUJ is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2003 | 0.28 |
The correlation between LISAX and MUJ shifts across timeframes, from 0.28 (all time) to 0.48 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
LISAX vs. MUJ — Risk / Return Rank
LISAX
MUJ
LISAX vs. MUJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lord Abbett Intermediate Tax Free Fund (LISAX) and BlackRock MuniHoldings New Jersey Quality Fund (MUJ). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LISAX | MUJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +1.03 | ||
| Omega ratioGain probability vs. loss probability | 1.71 | 1.41 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 2.01 | +0.01 |
| Martin ratioReturn relative to average drawdown | 6.38 | 8.07 | -1.68 |
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Drawdowns
LISAX vs. MUJ - Drawdown Comparison
The maximum LISAX drawdown since its inception was -15.18%, smaller than the maximum MUJ drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for LISAX and MUJ.
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Drawdown Indicators
| LISAX | MUJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.18% | -41.72% | +26.54% |
Max Drawdown (1Y)Largest decline over 1 year | -3.14% | -9.41% | +6.27% |
Max Drawdown (3Y)Largest decline over 3 years | -4.63% | -12.17% | +7.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.18% | -32.71% | +17.53% |
Max Drawdown (10Y)Largest decline over 10 years | -15.18% | -32.71% | +17.53% |
Current DrawdownCurrent decline from peak | -0.95% | -2.64% | +1.69% |
Average DrawdownAverage peak-to-trough decline | -2.16% | -9.03% | +6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.99% | 2.34% | -1.35% |
Volatility
LISAX vs. MUJ - Volatility Comparison
The current volatility for Lord Abbett Intermediate Tax Free Fund (LISAX) is 0.67%, while BlackRock MuniHoldings New Jersey Quality Fund (MUJ) has a volatility of 2.13%. This indicates that LISAX experiences smaller price fluctuations and is considered to be less risky than MUJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| LISAX | MUJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.67% | 2.13% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.92% | 6.92% | -5.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.43% | 8.92% | -6.49% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.37% | 10.37% | -7.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.68% | 11.20% | -7.52% |
LISAX vs. MUJ - Expense Ratio Comparison
LISAX has a 0.71% expense ratio, which is lower than MUJ's 2.26% expense ratio.
Dividends
LISAX vs. MUJ - Dividend Comparison
LISAX's dividend yield for the trailing twelve months is around 3.44%, less than MUJ's 5.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LISAX Lord Abbett Intermediate Tax Free Fund | 3.44% | 3.95% | 2.91% | 2.51% | 1.80% | 2.06% | 2.33% | 2.85% | 2.62% | 2.42% | 2.60% | 2.82% |
MUJ BlackRock MuniHoldings New Jersey Quality Fund | 5.30% | 5.45% | 5.53% | 4.13% | 6.40% | 4.77% | 4.78% | 4.03% | 5.34% | 5.55% | 6.00% | 5.69% |
Frequently Asked Questions
LISAX and MUJ have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUJ has higher volatility (2.13%) compared to LISAX (0.67%). In terms of maximum drawdown, LISAX dropped -15.18% vs MUJ's -41.72%.
LISAX currently has the higher Sharpe Ratio (2.61 vs 2.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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