NJTFX vs. VNJTX
Compare and contrast key facts about T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX).
NJTFX is managed by T. Rowe Price. It was launched on Apr 29, 1991. VNJTX is managed by Vanguard. It was launched on Feb 3, 1988.
Performance
NJTFX vs. VNJTX - Performance Comparison
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NJTFX vs. VNJTX - 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% |
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | -0.65% | 4.89% | 2.69% | 8.04% | -10.31% | 2.62% | 6.02% | 9.27% | 1.53% | 8.37% |
Returns By Period
In the year-to-date period, NJTFX achieves a 0.02% return, which is significantly higher than VNJTX's -0.65% return. Over the past 10 years, NJTFX has underperformed VNJTX with an annualized return of 2.47%, while VNJTX has yielded a comparatively higher 2.99% 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%
VNJTX
- 1D
- 0.18%
- 1M
- -2.77%
- YTD
- -0.65%
- 6M
- 1.24%
- 1Y
- 4.55%
- 3Y*
- 3.77%
- 5Y*
- 1.30%
- 10Y*
- 2.99%
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NJTFX vs. VNJTX - Expense Ratio Comparison
NJTFX has a 0.56% expense ratio, which is higher than VNJTX's 0.17% expense ratio.
Return for Risk
NJTFX vs. VNJTX — Risk / Return Rank
NJTFX
VNJTX
NJTFX vs. VNJTX - 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 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.
| NJTFX | VNJTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 1.03 | +0.54 |
Sortino ratioReturn per unit of downside risk | 2.10 | 1.41 | +0.69 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.28 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 1.64 | 1.12 | +0.52 |
Martin ratioReturn relative to average drawdown | 5.78 | 3.56 | +2.22 |
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 | VNJTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 1.03 | +0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.29 | +0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.66 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.26 | 1.24 | +0.02 |
Correlation
The correlation between NJTFX and VNJTX is 0.88, 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. VNJTX - Dividend Comparison
NJTFX's dividend yield for the trailing twelve months is around 6.17%, more than VNJTX's 3.62% 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% |
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 3.62% | 4.42% | 3.97% | 3.26% | 3.14% | 2.84% | 3.71% | 4.06% | 3.93% | 4.03% | 4.51% | 3.70% |
Drawdowns
NJTFX vs. VNJTX - Drawdown Comparison
The maximum NJTFX drawdown since its inception was -15.19%, roughly equal to the maximum VNJTX drawdown of -15.71%. Use the drawdown chart below to compare losses from any high point for NJTFX and VNJTX.
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Drawdown Indicators
| NJTFX | VNJTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.19% | -15.71% | +0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -5.12% | +0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -15.19% | -15.71% | +0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -15.19% | -15.71% | +0.52% |
Current DrawdownCurrent decline from peak | -2.42% | -2.77% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -1.82% | -1.86% | +0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.37% | 1.61% | -0.24% |
Volatility
NJTFX vs. VNJTX - Volatility Comparison
The current volatility for T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) is 1.04%, while Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) has a volatility of 1.19%. This indicates that NJTFX experiences smaller price fluctuations and is considered to be less risky than VNJTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NJTFX | VNJTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 1.19% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 1.77% | 1.88% | -0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.95% | 5.32% | -0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.96% | 4.51% | -0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.86% | 4.54% | -0.68% |