NRK vs. VNJTX
Compare and contrast key facts about Nuveen New York AMT Free Quality Municipal Income (NRK) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX).
NRK is an actively managed fund by Nuveen. It was launched on Nov 21, 2002. VNJTX is managed by Vanguard. It was launched on Feb 3, 1988.
Performance
NRK vs. VNJTX - Performance Comparison
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NRK vs. VNJTX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
NRK Nuveen New York AMT Free Quality Municipal Income | 4.26% | 4.74% | 5.93% | 7.03% | -21.84% | 6.24% | 4.08% | 21.43% | -5.98% | 6.16% |
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | -0.29% | 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, NRK achieves a 4.26% return, which is significantly higher than VNJTX's -0.29% return. Over the past 10 years, NRK has underperformed VNJTX with an annualized return of 2.54%, while VNJTX has yielded a comparatively higher 3.02% annualized return.
NRK
- 1D
- 0.98%
- 1M
- -2.09%
- YTD
- 4.26%
- 6M
- 4.75%
- 1Y
- 8.11%
- 3Y*
- 5.97%
- 5Y*
- 0.06%
- 10Y*
- 2.54%
VNJTX
- 1D
- 0.36%
- 1M
- -2.17%
- YTD
- -0.29%
- 6M
- 1.51%
- 1Y
- 4.45%
- 3Y*
- 3.89%
- 5Y*
- 1.36%
- 10Y*
- 3.02%
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NRK vs. VNJTX - Expense Ratio Comparison
NRK has a 2.16% expense ratio, which is higher than VNJTX's 0.17% expense ratio.
Return for Risk
NRK vs. VNJTX — Risk / Return Rank
NRK
VNJTX
NRK vs. VNJTX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Nuveen New York AMT Free Quality Municipal Income (NRK) 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.
| NRK | VNJTX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 0.94 | +0.01 |
Sortino ratioReturn per unit of downside risk | 1.49 | 1.28 | +0.22 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.25 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 1.16 | 1.14 | +0.02 |
Martin ratioReturn relative to average drawdown | 2.62 | 3.60 | -0.98 |
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
| NRK | VNJTX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 0.94 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.01 | 0.30 | -0.30 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | 0.67 | -0.42 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 1.24 | -0.95 |
Correlation
The correlation between NRK and VNJTX is 0.28, 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
NRK vs. VNJTX - Dividend Comparison
NRK's dividend yield for the trailing twelve months is around 8.03%, more than VNJTX's 3.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NRK Nuveen New York AMT Free Quality Municipal Income | 8.03% | 8.21% | 6.74% | 4.06% | 5.41% | 4.18% | 4.15% | 3.98% | 4.68% | 4.85% | 5.37% | 5.44% |
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 3.61% | 4.42% | 3.97% | 3.26% | 3.14% | 2.84% | 3.71% | 4.06% | 3.93% | 4.03% | 4.51% | 3.70% |
Drawdowns
NRK vs. VNJTX - Drawdown Comparison
The maximum NRK drawdown since its inception was -40.18%, which is greater than VNJTX's maximum drawdown of -15.71%. Use the drawdown chart below to compare losses from any high point for NRK and VNJTX.
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Drawdown Indicators
| NRK | VNJTX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.18% | -15.71% | -24.47% |
Max Drawdown (1Y)Largest decline over 1 year | -7.55% | -5.12% | -2.43% |
Max Drawdown (5Y)Largest decline over 5 years | -31.06% | -15.71% | -15.35% |
Max Drawdown (10Y)Largest decline over 10 years | -31.06% | -15.71% | -15.35% |
Current DrawdownCurrent decline from peak | -5.91% | -2.42% | -3.49% |
Average DrawdownAverage peak-to-trough decline | -8.22% | -1.86% | -6.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.33% | 1.62% | +1.71% |
Volatility
NRK vs. VNJTX - Volatility Comparison
Nuveen New York AMT Free Quality Municipal Income (NRK) has a higher volatility of 3.50% compared to Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) at 1.27%. This indicates that NRK's price experiences larger fluctuations and is considered to be riskier 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
| NRK | VNJTX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.50% | 1.27% | +2.23% |
Volatility (6M)Calculated over the trailing 6-month period | 5.50% | 1.91% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.54% | 5.32% | +3.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.76% | 4.51% | +5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.28% | 4.55% | +5.73% |