NJTFX vs. VTEB
Compare and contrast key facts about T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) and Vanguard Tax-Exempt Bond ETF (VTEB).
NJTFX is managed by T. Rowe Price. It was launched on Apr 29, 1991. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: NJTFX or VTEB.
Key characteristics
| NJTFX | VTEB | |
|---|---|---|
| YTD Return | 2.78% | 1.60% |
| 1Y Return | 8.62% | 7.56% |
| 3Y Return (Ann) | -0.20% | -0.17% |
| 5Y Return (Ann) | 1.47% | 1.30% |
| Sharpe Ratio | 2.58 | 1.80 |
| Sortino Ratio | 3.95 | 2.67 |
| Omega Ratio | 1.59 | 1.36 |
| Calmar Ratio | 0.95 | 0.88 |
| Martin Ratio | 12.22 | 7.97 |
| Ulcer Index | 0.71% | 0.90% |
| Daily Std Dev | 3.38% | 3.98% |
| Max Drawdown | -17.09% | -17.00% |
| Current Drawdown | -1.28% | -1.20% |
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.
Performance
NJTFX vs. VTEB - Performance Comparison
In the year-to-date period, NJTFX achieves a 2.78% return, which is significantly higher than VTEB's 1.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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NJTFX vs. VTEB - Expense Ratio Comparison
NJTFX has a 0.56% expense ratio, which is higher than VTEB's 0.05% expense ratio.
Risk-Adjusted Performance
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.
Dividends
NJTFX vs. VTEB - Dividend Comparison
NJTFX's dividend yield for the trailing twelve months is around 3.12%, which matches VTEB's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NJTFX T. Rowe Price New Jersey Tax Free Bond Fund | 3.12% | 2.84% | 2.70% | 2.37% | 2.98% | 2.84% | 3.13% | 3.14% | 1.10% | 0.00% | 0.00% | 0.02% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.09% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
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.
Volatility
NJTFX vs. VTEB - Volatility Comparison
The current volatility for T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) is 1.62%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.96%. 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.