MANJX vs. IPDP

Last updated Jul 16, 2026

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.

Returns By Period

MANJX

• 1D: 0.00%
• 1M: 0.31%
• 6M: 1.68%
• YTD: 2.18%
• 1Y: 8.05%
• 3Y*: 4.37%
• 5Y*: 0.96%
• 10Y*: 2.36%

IPDP

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MANJX vs. IPDP - Yearly Performance Comparison

	2026 (YTD)
MANJX BlackRock New Jersey Municipal Bond Fund	1.18%
IPDP Dividend Performers ETF	0.00%

Return for Risk

MANJX vs. IPDP — Risk / Return Rank

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

MANJX

MANJX Risk / Return Rank: 82
MANJX Sharpe Ratio Rank: 91
MANJX Sortino Ratio Rank: 91
MANJX Omega Ratio Rank: 94
MANJX Calmar Ratio Rank: 68
MANJX Martin Ratio Rank: 64

IPDP

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

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.

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.

	MANJX	IPDP	Difference
Sharpe ratio: Return per unit of total volatility	2.51	—	—
Sortino ratio: Return per unit of downside risk	3.82	—	—
Omega ratio: Gain probability vs. loss probability	1.63	—	—
Calmar ratio: Return relative to maximum drawdown	2.52	—	—
Martin ratio: Return relative to average drawdown	9.57	—	—

Drawdowns

Drawdown Indicators

	MANJX	IPDP	Difference
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	-5.96%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.76%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.76%	—	—
Current Drawdown Current decline from peak	-0.58%	—	—
Average Drawdown Average peak-to-trough decline	-2.20%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	0.80%	—	—

Volatility

Volatility by Period

	MANJX	IPDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.65%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.33%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.00%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.62%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.75%	—	—

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 3.72%, while IPDP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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	3.72%	4.90%	4.20%	3.18%	2.44%	2.73%	3.12%	3.53%	3.71%	3.54%	3.59%	3.29%