NJTFX vs. WEEK

Last updated Apr 1, 2026

Compare and contrast key facts about T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) and Roundhill Weekly T-Bill ETF (WEEK).

NJTFX is managed by T. Rowe Price. It was launched on Apr 29, 1991. WEEK is an actively managed fund by Roundhill. It was launched on Mar 5, 2025.

Performance

NJTFX vs. WEEK - 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 Roundhill Weekly T-Bill ETF (WEEK). The values are adjusted to include any dividend payments, if applicable.

NJTFX vs. WEEK - Yearly Performance Comparison

	2026 (YTD)	2025
NJTFX T. Rowe Price New Jersey Tax Free Bond Fund	0.02%	5.92%
WEEK Roundhill Weekly T-Bill ETF	0.83%	3.37%

Returns By Period

In the year-to-date period, NJTFX achieves a 0.02% return, which is significantly lower than WEEK's 0.83% 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%

WEEK

• 1D: 0.02%
• 1M: 0.33%
• YTD: 0.83%
• 6M: 1.82%
• 1Y: 3.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

NJTFX vs. WEEK - Expense Ratio Comparison

NJTFX has a 0.56% expense ratio, which is higher than WEEK's 0.19% expense ratio.

NJTFX

T. Rowe Price New Jersey Tax Free Bond Fund

WEEK

Roundhill Weekly T-Bill ETF

Return for Risk

NJTFX vs. WEEK — Risk / Return Rank

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

NJTFX

NJTFX Risk / Return Rank: 78
NJTFX Sharpe Ratio Rank: 84
NJTFX Sortino Ratio Rank: 82
NJTFX Omega Ratio Rank: 92
NJTFX Calmar Ratio Rank: 72
NJTFX Martin Ratio Rank: 61

WEEK

WEEK Risk / Return Rank: 99
WEEK Sharpe Ratio Rank: 99
WEEK Sortino Ratio Rank: 99
WEEK Omega Ratio Rank: 99
WEEK Calmar Ratio Rank: 99
WEEK Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

NJTFX vs. WEEK - 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 Roundhill Weekly T-Bill ETF (WEEK). 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	WEEK	Difference
Sharpe ratio Return per unit of total volatility	1.57	9.49	-7.91
Sortino ratio Return per unit of downside risk	2.10	19.60	-17.49
Omega ratio Gain probability vs. loss probability	1.44	4.73	-3.29
Calmar ratio Return relative to maximum drawdown	1.64	30.44	-28.80
Martin ratio Return relative to average drawdown	5.78	267.59	-261.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

NJTFX vs. WEEK - Sharpe Ratio Comparison

The current NJTFX Sharpe Ratio is 1.57, which is lower than the WEEK Sharpe Ratio of 9.49. The chart below compares the historical Sharpe Ratios of NJTFX and WEEK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	NJTFX	WEEK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	9.49	-7.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.26	9.75	-8.48

Correlation

The correlation between NJTFX and WEEK is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

NJTFX vs. WEEK - Dividend Comparison

NJTFX's dividend yield for the trailing twelve months is around 6.17%, more than WEEK's 3.91% 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%
WEEK Roundhill Weekly T-Bill ETF	3.91%	3.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

NJTFX vs. WEEK - Drawdown Comparison

The maximum NJTFX drawdown since its inception was -15.19%, which is greater than WEEK's maximum drawdown of -0.13%. Use the drawdown chart below to compare losses from any high point for NJTFX and WEEK.

Drawdown Indicators

	NJTFX	WEEK	Difference
Max Drawdown Largest peak-to-trough decline	-15.19%	-0.13%	-15.06%
Max Drawdown (1Y) Largest decline over 1 year	-4.84%	-0.13%	-4.71%
Max Drawdown (5Y) Largest decline over 5 years	-15.19%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.19%	—	—
Current Drawdown Current decline from peak	-2.42%	0.00%	-2.42%
Average Drawdown Average peak-to-trough decline	-1.82%	-0.01%	-1.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.37%	0.01%	+1.36%

Volatility

NJTFX vs. WEEK - Volatility Comparison

T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) has a higher volatility of 1.04% compared to Roundhill Weekly T-Bill ETF (WEEK) at 0.12%. This indicates that NJTFX's price experiences larger fluctuations and is considered to be riskier than WEEK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	NJTFX	WEEK	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.04%	0.12%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	1.77%	0.36%	+1.41%
Volatility (1Y) Calculated over the trailing 1-year period	4.95%	0.42%	+4.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	3.96%	0.41%	+3.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	3.86%	0.41%	+3.45%