VNJTX vs. BMN
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and Blackrock 2037 Municipal Target Term Trust (BMN).
VNJTX is managed by Vanguard. It was launched on Feb 3, 1988. BMN is an actively managed fund by BlackRock. It was launched on Oct 28, 2022.
Performance
VNJTX vs. BMN - Performance Comparison
Loading graphics...
Returns By Period
In the year-to-date period, VNJTX achieves a 0.06% return, which is significantly lower than BMN's 1.07% return.
VNJTX
- 1D
- 0.09%
- 1M
- -1.22%
- YTD
- 0.06%
- 6M
- 1.78%
- 1Y
- 3.80%
- 3Y*
- 3.95%
- 5Y*
- 1.43%
- 10Y*
- 3.05%
BMN
- 1D
- -0.04%
- 1M
- -3.34%
- YTD
- 1.07%
- 6M
- 6.55%
- 1Y
- 10.36%
- 3Y*
- 6.21%
- 5Y*
- —
- 10Y*
- —
VNJTX vs. BMN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 0.06% | 4.89% | 2.69% | 8.04% | 6.12% |
BMN Blackrock 2037 Municipal Target Term Trust | 1.07% | 7.05% | 12.65% | 1.89% | -2.55% |
Correlation
The correlation between VNJTX and BMN is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners. Combining low-correlation assets is one of the most reliable ways to reduce portfolio risk without sacrificing expected returns.
VNJTX vs. BMN - Expense Ratio Comparison
VNJTX has a 0.17% expense ratio, which is lower than BMN's 0.93% expense ratio.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VNJTX vs. BMN — Risk / Return Rank
VNJTX
BMN
VNJTX vs. BMN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and Blackrock 2037 Municipal Target Term Trust (BMN). 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.
| VNJTX | BMN | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.77 | +0.16 |
Sortino ratioReturn per unit of downside risk | 1.25 | 1.20 | +0.05 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.94 | 1.53 | -0.59 |
Martin ratioReturn relative to average drawdown | 2.96 | 4.06 | -1.10 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| VNJTX | BMN | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.77 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 0.55 | +0.70 |
Drawdowns
VNJTX vs. BMN - Drawdown Comparison
The maximum VNJTX drawdown since its inception was -15.71%, which is greater than BMN's maximum drawdown of -13.04%. Use the drawdown chart below to compare losses from any high point for VNJTX and BMN.
Loading graphics...
Drawdown Indicators
| VNJTX | BMN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.71% | -13.04% | -2.67% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -5.92% | +0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -15.71% | — | — |
Current DrawdownCurrent decline from peak | -2.07% | -4.57% | +2.50% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -2.17% | +0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 2.24% | -0.61% |
Volatility
VNJTX vs. BMN - Volatility Comparison
The current volatility for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) is 1.21%, while Blackrock 2037 Municipal Target Term Trust (BMN) has a volatility of 5.67%. This indicates that VNJTX experiences smaller price fluctuations and is considered to be less risky than BMN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| VNJTX | BMN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 5.67% | -4.46% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 9.49% | -7.60% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 12.20% | -6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 10.52% | -6.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 10.52% | -5.98% |
Dividends
VNJTX vs. BMN - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.59%, less than BMN's 4.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 3.59% | 4.42% | 3.97% | 3.26% | 3.14% | 2.84% | 3.71% | 4.06% | 3.93% | 4.03% | 4.51% | 3.70% |
BMN Blackrock 2037 Municipal Target Term Trust | 4.30% | 4.30% | 4.40% | 4.74% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |