NJTFX vs. NMTRX
Compare and contrast key facts about T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) and Nuveen Municipal Total Return Managed Accounts (NMTRX).
NJTFX is managed by T. Rowe Price. It was launched on Apr 29, 1991. NMTRX is managed by BlackRock. It was launched on May 30, 2007.
Performance
NJTFX vs. NMTRX - Performance Comparison
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NJTFX vs. NMTRX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NJTFX T. Rowe Price New Jersey Tax Free Bond Fund | 0.29% | 6.48% | 2.88% | 7.18% | -10.24% | 2.67% | 4.73% | 6.65% | 1.31% | 5.30% |
NMTRX Nuveen Municipal Total Return Managed Accounts | -0.12% | 3.90% | 1.99% | 6.21% | -11.98% | 2.69% | 5.25% | 9.26% | 1.06% | 7.41% |
Returns By Period
In the year-to-date period, NJTFX achieves a 0.29% return, which is significantly higher than NMTRX's -0.12% return. Over the past 10 years, NJTFX has outperformed NMTRX with an annualized return of 2.50%, while NMTRX has yielded a comparatively lower 2.27% annualized return.
NJTFX
- 1D
- 0.27%
- 1M
- -1.91%
- YTD
- 0.29%
- 6M
- 2.82%
- 1Y
- 7.06%
- 3Y*
- 4.41%
- 5Y*
- 1.61%
- 10Y*
- 2.50%
NMTRX
- 1D
- 0.20%
- 1M
- -1.97%
- YTD
- -0.12%
- 6M
- 1.65%
- 1Y
- 3.78%
- 3Y*
- 3.22%
- 5Y*
- 0.38%
- 10Y*
- 2.27%
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NJTFX vs. NMTRX - Expense Ratio Comparison
NJTFX has a 0.56% expense ratio, which is higher than NMTRX's 0.05% expense ratio.
Return for Risk
NJTFX vs. NMTRX — Risk / Return Rank
NJTFX
NMTRX
NJTFX vs. NMTRX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) and Nuveen Municipal Total Return Managed Accounts (NMTRX). 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.
| NJTFX | NMTRX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 0.84 | +0.68 |
Sortino ratioReturn per unit of downside risk | 2.03 | 1.16 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.23 | +0.20 |
Calmar ratioReturn relative to maximum drawdown | 1.66 | 0.99 | +0.67 |
Martin ratioReturn relative to average drawdown | 5.82 | 2.89 | +2.93 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NJTFX | NMTRX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 0.84 | +0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.10 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.52 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.97 | +0.30 |
Correlation
The correlation between NJTFX and NMTRX is 0.83, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
NJTFX vs. NMTRX - Dividend Comparison
NJTFX's dividend yield for the trailing twelve months is around 6.15%, more than NMTRX's 4.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NJTFX T. Rowe Price New Jersey Tax Free Bond Fund | 6.15% | 5.81% | 3.19% | 3.27% | 2.03% | 2.56% | 2.79% | 2.84% | 3.13% | 3.13% | 3.26% | 3.36% |
NMTRX Nuveen Municipal Total Return Managed Accounts | 4.19% | 4.46% | 3.55% | 3.67% | 3.28% | 2.73% | 2.92% | 3.20% | 3.47% | 3.28% | 3.71% | 3.91% |
Drawdowns
NJTFX vs. NMTRX - Drawdown Comparison
The maximum NJTFX drawdown since its inception was -15.19%, smaller than the maximum NMTRX drawdown of -16.36%. Use the drawdown chart below to compare losses from any high point for NJTFX and NMTRX.
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Drawdown Indicators
| NJTFX | NMTRX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.19% | -16.36% | +1.17% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -4.75% | -0.09% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -16.36% | +1.17% |
Max Drawdown (10Y)Largest decline over 10 years | -15.19% | -16.36% | +1.17% |
Current DrawdownCurrent decline from peak | -2.16% | -2.25% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -2.93% | +1.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.38% | 1.62% | -0.24% |
Volatility
NJTFX vs. NMTRX - Volatility Comparison
T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) and Nuveen Municipal Total Return Managed Accounts (NMTRX) have volatilities of 1.09% and 1.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NJTFX | NMTRX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 1.07% | +0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 1.75% | 1.82% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.95% | 4.93% | +0.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.96% | 3.97% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 4.38% | -0.52% |