SHNJX vs. FGNSX
Compare and contrast key facts about Western Asset New Jersey Municipals Fund (SHNJX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX).
SHNJX is managed by Franklin Templeton. It was launched on Apr 21, 1988. FGNSX is managed by Fidelity. It was launched on Dec 27, 2017.
Performance
SHNJX vs. FGNSX - Performance Comparison
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SHNJX vs. FGNSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SHNJX Western Asset New Jersey Municipals Fund | 0.25% | 4.30% | 2.75% | 6.22% | -9.69% | 3.58% | 3.96% | 7.11% | 0.81% | 0.49% |
FGNSX Strategic Advisers Tax-Sensitive Short Duration Fund | 0.00% | 3.08% | 3.47% | 3.56% | -0.36% | 0.14% | 1.04% | 2.11% | 1.47% | -0.10% |
Returns By Period
SHNJX
- 1D
- 0.09%
- 1M
- -1.03%
- YTD
- 0.25%
- 6M
- 1.95%
- 1Y
- 3.69%
- 3Y*
- 3.52%
- 5Y*
- 1.25%
- 10Y*
- 2.22%
FGNSX
- 1D
- 0.00%
- 1M
- -0.20%
- YTD
- -0.00%
- 6M
- 0.44%
- 1Y
- 1.98%
- 3Y*
- 3.03%
- 5Y*
- 1.96%
- 10Y*
- —
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SHNJX vs. FGNSX - Expense Ratio Comparison
SHNJX has a 0.80% expense ratio, which is higher than FGNSX's 0.07% expense ratio.
Return for Risk
SHNJX vs. FGNSX — Risk / Return Rank
SHNJX
FGNSX
SHNJX vs. FGNSX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Western Asset New Jersey Municipals Fund (SHNJX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX). 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.
| SHNJX | FGNSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.64 | +0.25 |
Sortino ratioReturn per unit of downside risk | 1.22 | 0.92 | +0.30 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.41 | -0.16 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.11 | -0.17 |
Martin ratioReturn relative to average drawdown | 3.03 | 2.84 | +0.18 |
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
| SHNJX | FGNSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.64 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.99 | -0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.28 | 1.07 | +0.22 |
Correlation
The correlation between SHNJX and FGNSX is 0.46, 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.
Dividends
SHNJX vs. FGNSX - Dividend Comparison
SHNJX's dividend yield for the trailing twelve months is around 3.15%, more than FGNSX's 1.86% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHNJX Western Asset New Jersey Municipals Fund | 3.15% | 3.88% | 3.15% | 2.75% | 2.38% | 2.10% | 2.76% | 3.32% | 3.69% | 3.95% | 3.76% | 3.81% |
FGNSX Strategic Advisers Tax-Sensitive Short Duration Fund | 1.86% | 2.63% | 3.31% | 2.57% | 0.84% | 0.34% | 0.83% | 1.79% | 1.36% | 0.00% | 0.00% | 0.00% |
Drawdowns
SHNJX vs. FGNSX - Drawdown Comparison
The maximum SHNJX drawdown since its inception was -14.33%, which is greater than FGNSX's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for SHNJX and FGNSX.
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Drawdown Indicators
| SHNJX | FGNSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.33% | -2.35% | -11.98% |
Max Drawdown (1Y)Largest decline over 1 year | -4.50% | -2.35% | -2.15% |
Max Drawdown (5Y)Largest decline over 5 years | -13.75% | -2.35% | -11.40% |
Max Drawdown (10Y)Largest decline over 10 years | -14.33% | — | — |
Current DrawdownCurrent decline from peak | -1.61% | -0.40% | -1.21% |
Average DrawdownAverage peak-to-trough decline | -1.76% | -0.25% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.40% | 0.92% | +0.48% |
Volatility
SHNJX vs. FGNSX - Volatility Comparison
Western Asset New Jersey Municipals Fund (SHNJX) has a higher volatility of 1.04% compared to Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX) at 0.22%. This indicates that SHNJX's price experiences larger fluctuations and is considered to be riskier than FGNSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SHNJX | FGNSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.04% | 0.22% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 1.56% | 0.67% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.74% | 3.79% | +0.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.79% | 2.04% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.13% | 1.66% | +2.47% |