VNJTX vs. EDV
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and Vanguard Extended Duration Treasury ETF (EDV).
VNJTX is managed by Vanguard. It was launched on Feb 3, 1988. EDV is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. It was launched on Dec 6, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNJTX or EDV.
Key characteristics
| VNJTX | EDV | |
|---|---|---|
| YTD Return | 1.88% | -8.89% |
| 1Y Return | 9.19% | 8.54% |
| 3Y Return (Ann) | -0.44% | -17.29% |
| 5Y Return (Ann) | 1.35% | -8.56% |
| 10Y Return (Ann) | 2.67% | -1.08% |
| Sharpe Ratio | 2.35 | 0.39 |
| Sortino Ratio | 3.53 | 0.69 |
| Omega Ratio | 1.52 | 1.08 |
| Calmar Ratio | 0.89 | 0.14 |
| Martin Ratio | 9.44 | 0.93 |
| Ulcer Index | 0.97% | 8.70% |
| Daily Std Dev | 3.92% | 20.88% |
| Max Drawdown | -16.22% | -59.96% |
| Current Drawdown | -2.05% | -52.52% |
Correlation
The correlation between VNJTX and EDV is 0.44, 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
VNJTX vs. EDV - Performance Comparison
In the year-to-date period, VNJTX achieves a 1.88% return, which is significantly higher than EDV's -8.89% return. Over the past 10 years, VNJTX has outperformed EDV with an annualized return of 2.67%, while EDV has yielded a comparatively lower -1.08% annualized 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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VNJTX vs. EDV - Expense Ratio Comparison
VNJTX has a 0.17% expense ratio, which is higher than EDV's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
VNJTX vs. EDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and Vanguard Extended Duration Treasury ETF (EDV). 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
VNJTX vs. EDV - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.37%, less than EDV's 4.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 3.37% | 3.26% | 3.14% | 2.69% | 2.94% | 3.23% | 3.54% | 3.50% | 3.68% | 3.53% | 3.52% | 3.76% |
EDV Vanguard Extended Duration Treasury ETF | 4.26% | 3.55% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% | 3.12% | 5.03% |
Drawdowns
VNJTX vs. EDV - Drawdown Comparison
The maximum VNJTX drawdown since its inception was -16.22%, smaller than the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for VNJTX and EDV. For additional features, visit the drawdowns tool.
Volatility
VNJTX vs. EDV - Volatility Comparison
The current volatility for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) is 1.93%, while Vanguard Extended Duration Treasury ETF (EDV) has a volatility of 7.58%. This indicates that VNJTX experiences smaller price fluctuations and is considered to be less risky than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.