MANJX vs. VNJTX
Compare and contrast key facts about BlackRock New Jersey Municipal Bond Fund (MANJX) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX).
MANJX is managed by Blackrock. It was launched on Aug 30, 1990. VNJTX is managed by Vanguard. It was launched on Feb 3, 1988.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MANJX or VNJTX.
Correlation
The correlation between MANJX and VNJTX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
MANJX vs. VNJTX - Performance Comparison
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Key characteristics
MANJX:
0.03
VNJTX:
0.13
MANJX:
0.09
VNJTX:
0.20
MANJX:
1.02
VNJTX:
1.03
MANJX:
0.03
VNJTX:
0.11
MANJX:
0.14
VNJTX:
0.39
MANJX:
1.70%
VNJTX:
1.86%
MANJX:
6.75%
VNJTX:
5.81%
MANJX:
-15.06%
VNJTX:
-16.22%
MANJX:
-3.70%
VNJTX:
-3.59%
Returns By Period
In the year-to-date period, MANJX achieves a -1.66% return, which is significantly higher than VNJTX's -1.79% return. Over the past 10 years, MANJX has underperformed VNJTX with an annualized return of 2.37%, while VNJTX has yielded a comparatively higher 2.52% annualized return.
MANJX
-1.66%
-0.00%
-1.85%
0.23%
1.97%
2.37%
VNJTX
-1.79%
0.73%
-1.67%
0.81%
1.83%
2.52%
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MANJX vs. VNJTX - Expense Ratio Comparison
MANJX has a 0.52% expense ratio, which is higher than VNJTX's 0.17% expense ratio.
Risk-Adjusted Performance
MANJX vs. VNJTX — Risk-Adjusted Performance Rank
MANJX
VNJTX
MANJX vs. VNJTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock New Jersey Municipal Bond Fund (MANJX) 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.
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Dividends
MANJX vs. VNJTX - Dividend Comparison
MANJX's dividend yield for the trailing twelve months is around 3.40%, more than VNJTX's 3.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MANJX BlackRock New Jersey Municipal Bond Fund | 3.40% | 3.62% | 3.46% | 3.28% | 2.73% | 3.12% | 3.37% | 3.69% | 3.52% | 3.59% | 3.57% | 3.70% |
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 3.22% | 3.39% | 3.26% | 3.14% | 2.69% | 2.94% | 3.23% | 3.54% | 3.50% | 3.68% | 3.53% | 3.52% |
Drawdowns
MANJX vs. VNJTX - Drawdown Comparison
The maximum MANJX drawdown since its inception was -15.06%, smaller than the maximum VNJTX drawdown of -16.22%. Use the drawdown chart below to compare losses from any high point for MANJX and VNJTX. For additional features, visit the drawdowns tool.
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Volatility
MANJX vs. VNJTX - Volatility Comparison
BlackRock New Jersey Municipal Bond Fund (MANJX) has a higher volatility of 3.95% compared to Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) at 2.93%. This indicates that MANJX's price experiences larger fluctuations and is considered to be riskier than VNJTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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