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MUBFX vs. VNJTX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MUBFX and VNJTX is -0.02. 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.


-0.50.00.51.0-0.0

Performance

MUBFX vs. VNJTX - Performance Comparison

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

0.00%5.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
0.54%
0.98%
MUBFX
VNJTX

Key characteristics

Sharpe Ratio

MUBFX:

0.57

VNJTX:

0.43

Sortino Ratio

MUBFX:

0.81

VNJTX:

0.61

Omega Ratio

MUBFX:

1.11

VNJTX:

1.09

Calmar Ratio

MUBFX:

0.15

VNJTX:

0.28

Martin Ratio

MUBFX:

2.56

VNJTX:

1.53

Ulcer Index

MUBFX:

2.71%

VNJTX:

1.06%

Daily Std Dev

MUBFX:

12.14%

VNJTX:

3.74%

Max Drawdown

MUBFX:

-60.05%

VNJTX:

-16.22%

Current Drawdown

MUBFX:

-43.25%

VNJTX:

-2.73%

Returns By Period

In the year-to-date period, MUBFX achieves a 5.75% return, which is significantly higher than VNJTX's 1.16% return. Over the past 10 years, MUBFX has underperformed VNJTX with an annualized return of -2.41%, while VNJTX has yielded a comparatively higher 2.58% annualized return.


MUBFX

YTD

5.75%

1M

-10.13%

6M

0.54%

1Y

6.45%

5Y*

-4.81%

10Y*

-2.41%

VNJTX

YTD

1.16%

1M

-1.14%

6M

0.98%

1Y

1.62%

5Y*

1.07%

10Y*

2.58%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


MUBFX vs. VNJTX - Expense Ratio Comparison

MUBFX has a 0.70% expense ratio, which is higher than VNJTX's 0.17% expense ratio.


MUBFX
MainStay WMC Value Fund
Expense ratio chart for MUBFX: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for VNJTX: current value at 0.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.17%

Risk-Adjusted Performance

MUBFX vs. VNJTX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for MainStay WMC Value Fund (MUBFX) 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.


Sharpe ratio
The chart of Sharpe ratio for MUBFX, currently valued at 0.57, compared to the broader market-1.000.001.002.003.004.000.570.43
The chart of Sortino ratio for MUBFX, currently valued at 0.81, compared to the broader market-2.000.002.004.006.008.0010.000.810.61
The chart of Omega ratio for MUBFX, currently valued at 1.11, compared to the broader market0.501.001.502.002.503.003.501.111.09
The chart of Calmar ratio for MUBFX, currently valued at 0.15, compared to the broader market0.002.004.006.008.0010.0012.000.150.28
The chart of Martin ratio for MUBFX, currently valued at 2.56, compared to the broader market0.0020.0040.0060.002.561.53
MUBFX
VNJTX

The current MUBFX Sharpe Ratio is 0.57, which is higher than the VNJTX Sharpe Ratio of 0.43. The chart below compares the historical Sharpe Ratios of MUBFX and VNJTX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00JulyAugustSeptemberOctoberNovemberDecember
0.57
0.43
MUBFX
VNJTX

Dividends

MUBFX vs. VNJTX - Dividend Comparison

MUBFX has not paid dividends to shareholders, while VNJTX's dividend yield for the trailing twelve months is around 3.12%.


TTM20232022202120202019201820172016201520142013
MUBFX
MainStay WMC Value Fund
0.00%1.63%1.78%1.59%0.75%0.95%1.08%0.75%1.50%1.42%1.78%1.23%
VNJTX
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares
3.12%3.26%3.14%2.69%2.94%3.23%3.54%3.50%3.68%3.53%3.52%3.76%

Drawdowns

MUBFX vs. VNJTX - Drawdown Comparison

The maximum MUBFX drawdown since its inception was -60.05%, which is greater than VNJTX's maximum drawdown of -16.22%. Use the drawdown chart below to compare losses from any high point for MUBFX and VNJTX. For additional features, visit the drawdowns tool.


-40.00%-30.00%-20.00%-10.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-43.25%
-2.73%
MUBFX
VNJTX

Volatility

MUBFX vs. VNJTX - Volatility Comparison

MainStay WMC Value Fund (MUBFX) has a higher volatility of 6.19% compared to Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) at 1.35%. This indicates that MUBFX'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.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JulyAugustSeptemberOctoberNovemberDecember
6.19%
1.35%
MUBFX
VNJTX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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