NJTFX vs. PRWAX
Compare and contrast key facts about T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) and T. Rowe Price All-Cap Opportunities Fund (PRWAX).
NJTFX is managed by T. Rowe Price. It was launched on Apr 29, 1991. PRWAX is managed by T. Rowe Price. It was launched on Sep 30, 1985.
Performance
NJTFX vs. PRWAX - Performance Comparison
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NJTFX vs. PRWAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NJTFX T. Rowe Price New Jersey Tax Free Bond Fund | 0.02% | 6.48% | 2.88% | 7.18% | -10.24% | 2.67% | 4.73% | 6.65% | 1.31% | 5.30% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | -12.37% | 26.78% | 25.24% | 29.02% | -21.37% | 20.63% | 44.73% | 35.08% | 1.26% | 34.51% |
Returns By Period
In the year-to-date period, NJTFX achieves a 0.02% return, which is significantly higher than PRWAX's -12.37% return. Over the past 10 years, NJTFX has underperformed PRWAX with an annualized return of 2.47%, while PRWAX has yielded a comparatively higher 16.95% annualized return.
NJTFX
- 1D
- 0.18%
- 1M
- -2.42%
- YTD
- 0.02%
- 6M
- 2.64%
- 1Y
- 7.16%
- 3Y*
- 4.32%
- 5Y*
- 1.57%
- 10Y*
- 2.47%
PRWAX
- 1D
- -0.24%
- 1M
- -9.15%
- YTD
- -12.37%
- 6M
- -3.78%
- 1Y
- 16.34%
- 3Y*
- 18.79%
- 5Y*
- 10.36%
- 10Y*
- 16.95%
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NJTFX vs. PRWAX - Expense Ratio Comparison
NJTFX has a 0.56% expense ratio, which is lower than PRWAX's 0.76% expense ratio.
Return for Risk
NJTFX vs. PRWAX — Risk / Return Rank
NJTFX
PRWAX
NJTFX vs. PRWAX - 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 T. Rowe Price All-Cap Opportunities Fund (PRWAX). 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 | PRWAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 0.87 | +0.71 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.42 | +0.68 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.20 | +0.24 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.02 | +0.62 |
Martin ratioReturn relative to average drawdown | 5.78 | 3.79 | +1.99 |
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 | PRWAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.87 | +0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.58 | -0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.90 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 0.59 | +0.67 |
Correlation
The correlation between NJTFX and PRWAX is -0.00. 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.
Dividends
NJTFX vs. PRWAX - Dividend Comparison
NJTFX's dividend yield for the trailing twelve months is around 6.17%, less than PRWAX's 19.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NJTFX T. Rowe Price New Jersey Tax Free Bond Fund | 6.17% | 5.81% | 3.19% | 3.27% | 2.03% | 2.56% | 2.79% | 2.84% | 3.13% | 3.13% | 3.26% | 3.36% |
PRWAX T. Rowe Price All-Cap Opportunities Fund | 19.01% | 16.66% | 9.22% | 5.10% | 3.11% | 20.51% | 15.44% | 7.01% | 12.58% | 12.30% | 6.19% | 8.84% |
Drawdowns
NJTFX vs. PRWAX - Drawdown Comparison
The maximum NJTFX drawdown since its inception was -15.19%, smaller than the maximum PRWAX drawdown of -55.06%. Use the drawdown chart below to compare losses from any high point for NJTFX and PRWAX.
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Drawdown Indicators
| NJTFX | PRWAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.19% | -55.06% | +39.87% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -14.05% | +9.21% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -29.38% | +14.19% |
Max Drawdown (10Y)Largest decline over 10 years | -15.19% | -30.50% | +15.31% |
Current DrawdownCurrent decline from peak | -2.42% | -14.05% | +11.63% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -9.92% | +8.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 3.79% | -2.42% |
Volatility
NJTFX vs. PRWAX - Volatility Comparison
The current volatility for T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) is 1.04%, while T. Rowe Price All-Cap Opportunities Fund (PRWAX) has a volatility of 4.90%. This indicates that NJTFX experiences smaller price fluctuations and is considered to be less risky than PRWAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NJTFX | PRWAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 4.90% | -3.86% |
Volatility (6M)Calculated over the trailing 6-month period | 1.77% | 12.45% | -10.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.95% | 19.42% | -14.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.96% | 17.88% | -13.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 18.82% | -14.96% |