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MANJX vs. IPDP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

MANJX vs. IPDP

Last updated Aug 5, 2026
Documentation

MANJX (BlackRock New Jersey Municipal Bond Fund) and IPDP (Dividend Performers ETF) are both funds - MANJX is a Municipal Bonds fund managed by BlackRock, while IPDP is a Derivative Income fund actively managed by Innovative Portfolios. MANJX charges 0.52%/yr vs 1.52%/yr for IPDP.

Performance

MANJX vs. IPDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BlackRock New Jersey Municipal Bond Fund (MANJX) and Dividend Performers ETF (IPDP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

MANJX

1D
0.10%
1M
-2.23%
6M
-0.31%
YTD
0.48%
1Y
5.38%
3Y*
4.09%
5Y*
0.58%
10Y*
2.19%
ALL TIME*
4.55%

IPDP

1D
—
1M
—
6M
—
YTD
—
1Y
—
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

MANJX

BlackRock New Jersey Municipal Bond Fund
$0.00$0.00$0.00

MANJX vs. IPDP - Yearly Performance Comparison

2026 (YTD)
MANJX
BlackRock New Jersey Municipal Bond Fund		-0.50%
IPDP
Dividend Performers ETF		0.00%

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BlackRock New Jersey Municipal Bond Fund

Dividend Performers ETF

Often compared with MANJX:
MANJX vs. FNJHXMANJX vs. VNJTXMANJX vs. DFSMXMANJX vs. ATOIXMANJX vs. MPAMANJX vs. DFABXMANJX vs. ASFYX
Often compared with IPDP:
IPDP vs. FTHIIPDP vs. JEPQIPDP vs. DIVOIPDP vs. SPYIPDP vs. MAINIPDP vs. QDVOIPDP vs. SCHD

Return for Risk

MANJX vs. IPDP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
MANJX
MANJX Risk / Return Rank: 6161
Overall Rank
MANJX Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
MANJX Sortino Ratio Rank: 7373
Sortino Ratio Rank
MANJX Omega Ratio Rank: 8686
Omega Ratio Rank
MANJX Calmar Ratio Rank: 4040
Calmar Ratio Rank
MANJX Martin Ratio Rank: 3939
Martin Ratio Rank
IPDP

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

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MANJX vs. IPDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BlackRock New Jersey Municipal Bond Fund (MANJX) and Dividend Performers ETF (IPDP). 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.

MANJXIPDPDifference
Sharpe ratioReturn per unit of total volatility
1.82

—

—

Sortino ratioReturn per unit of downside risk
2.67

—

—

Omega ratioGain probability vs. loss probability

1.44

—

—

Calmar ratioReturn relative to maximum drawdown

1.84

—

—

Martin ratioReturn relative to average drawdown

6.23

—

—

MANJX vs. IPDP - Sharpe Ratio Comparison

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Drawdowns

MANJX vs. IPDP - Drawdown Comparison

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Drawdown Indicators

MANJXIPDPDifference

Max Drawdown

Largest peak-to-trough decline

-15.76%

—

—

Max Drawdown (1Y)

Largest decline over 1 year

-2.99%

—

—

Max Drawdown (3Y)

Largest decline over 3 years

-5.74%

—

—

Max Drawdown (5Y)

Largest decline over 5 years

-15.65%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-15.76%

—

—

Current Drawdown

Current decline from peak

-2.23%

—

—

Average Drawdown

Average peak-to-trough decline

-2.20%

—

—

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.88%

—

—

Volatility

MANJX vs. IPDP - Volatility Comparison

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Volatility by Period

MANJXIPDPDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.07%

—

—

Volatility (6M)

Calculated over the trailing 6-month period

2.50%

—

—

Volatility (1Y)

Calculated over the trailing 1-year period

3.03%

—

—

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

4.64%

—

—

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

4.76%

—

—

MANJX vs. IPDP - Expense Ratio Comparison

MANJX has a 0.52% expense ratio, which is lower than IPDP's 1.52% expense ratio.

Dividends

MANJX vs. IPDP - Dividend Comparison

MANJX's dividend yield for the trailing twelve months is around 3.47%, while IPDP has not paid dividends to shareholders.

PositionTTM20252024202320222021202020192018201720162015
IPDP
Dividend Performers ETF		0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
MANJX
BlackRock New Jersey Municipal Bond Fund		3.47%4.90%4.20%3.18%2.44%2.73%3.12%3.53%3.71%3.54%3.59%3.29%
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