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NJTFX vs. VTEB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between NJTFX and VTEB is 0.66, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.


-0.50.00.51.00.7

Performance

NJTFX vs. VTEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) and Vanguard Tax-Exempt Bond ETF (VTEB). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%SeptemberOctoberNovemberDecember2025February
0.93%
0.63%
NJTFX
VTEB

Key characteristics

Sharpe Ratio

NJTFX:

1.10

VTEB:

0.60

Sortino Ratio

NJTFX:

1.51

VTEB:

0.85

Omega Ratio

NJTFX:

1.22

VTEB:

1.11

Calmar Ratio

NJTFX:

0.70

VTEB:

0.48

Martin Ratio

NJTFX:

3.74

VTEB:

2.15

Ulcer Index

NJTFX:

0.97%

VTEB:

1.04%

Daily Std Dev

NJTFX:

3.33%

VTEB:

3.73%

Max Drawdown

NJTFX:

-17.09%

VTEB:

-17.00%

Current Drawdown

NJTFX:

-1.10%

VTEB:

-1.16%

Returns By Period

In the year-to-date period, NJTFX achieves a 0.37% return, which is significantly lower than VTEB's 0.44% return.


NJTFX

YTD

0.37%

1M

0.64%

6M

0.94%

1Y

3.55%

5Y*

0.97%

10Y*

1.82%

VTEB

YTD

0.44%

1M

0.66%

6M

0.62%

1Y

2.31%

5Y*

0.69%

10Y*

N/A

*Annualized

Compare stocks, funds, or ETFs

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


NJTFX vs. VTEB - Expense Ratio Comparison

NJTFX has a 0.56% expense ratio, which is higher than VTEB's 0.05% expense ratio.


NJTFX
T. Rowe Price New Jersey Tax Free Bond Fund
Expense ratio chart for NJTFX: current value at 0.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.56%
Expense ratio chart for VTEB: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

Risk-Adjusted Performance

NJTFX vs. VTEB — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

NJTFX
The Risk-Adjusted Performance Rank of NJTFX is 5656
Overall Rank
The Sharpe Ratio Rank of NJTFX is 5656
Sharpe Ratio Rank
The Sortino Ratio Rank of NJTFX is 5555
Sortino Ratio Rank
The Omega Ratio Rank of NJTFX is 6262
Omega Ratio Rank
The Calmar Ratio Rank of NJTFX is 5252
Calmar Ratio Rank
The Martin Ratio Rank of NJTFX is 5454
Martin Ratio Rank

VTEB
The Risk-Adjusted Performance Rank of VTEB is 2222
Overall Rank
The Sharpe Ratio Rank of VTEB is 2222
Sharpe Ratio Rank
The Sortino Ratio Rank of VTEB is 1919
Sortino Ratio Rank
The Omega Ratio Rank of VTEB is 2020
Omega Ratio Rank
The Calmar Ratio Rank of VTEB is 2424
Calmar Ratio Rank
The Martin Ratio Rank of VTEB is 2424
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

NJTFX vs. VTEB - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) and Vanguard Tax-Exempt Bond ETF (VTEB). 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 NJTFX, currently valued at 1.10, compared to the broader market-1.000.001.002.003.004.001.100.60
The chart of Sortino ratio for NJTFX, currently valued at 1.51, compared to the broader market0.002.004.006.008.0010.0012.001.510.85
The chart of Omega ratio for NJTFX, currently valued at 1.22, compared to the broader market1.002.003.004.001.221.11
The chart of Calmar ratio for NJTFX, currently valued at 0.70, compared to the broader market0.005.0010.0015.0020.000.700.48
The chart of Martin ratio for NJTFX, currently valued at 3.74, compared to the broader market0.0020.0040.0060.0080.003.742.15
NJTFX
VTEB

The current NJTFX Sharpe Ratio is 1.10, which is higher than the VTEB Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of NJTFX and VTEB, 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 Ratio0.001.002.003.004.00SeptemberOctoberNovemberDecember2025February
1.10
0.60
NJTFX
VTEB

Dividends

NJTFX vs. VTEB - Dividend Comparison

NJTFX's dividend yield for the trailing twelve months is around 3.22%, more than VTEB's 3.14% yield.


TTM2024202320222021202020192018201720162015
NJTFX
T. Rowe Price New Jersey Tax Free Bond Fund
3.22%3.19%2.84%2.70%2.37%2.98%2.84%3.13%3.14%1.10%0.00%
VTEB
Vanguard Tax-Exempt Bond ETF
3.14%3.14%2.79%2.09%1.65%1.99%2.30%2.25%1.96%1.66%0.58%

Drawdowns

NJTFX vs. VTEB - Drawdown Comparison

The maximum NJTFX drawdown since its inception was -17.09%, roughly equal to the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for NJTFX and VTEB. For additional features, visit the drawdowns tool.


-2.50%-2.00%-1.50%-1.00%-0.50%0.00%SeptemberOctoberNovemberDecember2025February
-1.10%
-1.16%
NJTFX
VTEB

Volatility

NJTFX vs. VTEB - Volatility Comparison

The current volatility for T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) is 0.99%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.07%. This indicates that NJTFX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%SeptemberOctoberNovemberDecember2025February
0.99%
1.07%
NJTFX
VTEB
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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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