VNJTX vs. FGNSX
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX).
VNJTX is managed by Vanguard. It was launched on Feb 3, 1988. FGNSX is managed by Fidelity. It was launched on Dec 27, 2017.
Performance
VNJTX vs. FGNSX - Performance Comparison
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Returns By Period
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%
FGNSX
- 1D
- 0.00%
- 1M
- -0.20%
- YTD
- -0.00%
- 6M
- 0.44%
- 1Y
- 1.38%
- 3Y*
- 3.03%
- 5Y*
- 1.96%
- 10Y*
- —
VNJTX vs. FGNSX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 0.06% | 4.89% | 2.69% | 8.04% | -10.31% | 2.62% | 6.02% | 9.27% | 1.53% | 0.38% |
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% |
Correlation
The correlation between VNJTX and FGNSX is 0.46, 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. FGNSX - Expense Ratio Comparison
VNJTX has a 0.17% expense ratio, which is higher than FGNSX's 0.07% 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%.
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Return for Risk
VNJTX vs. FGNSX — Risk / Return Rank
VNJTX
FGNSX
VNJTX vs. FGNSX - 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 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.
| VNJTX | FGNSX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.92 | 0.64 | +0.28 |
Sortino ratioReturn per unit of downside risk | 1.25 | 0.92 | +0.33 |
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 | 2.96 | 2.84 | +0.11 |
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
| VNJTX | FGNSX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 0.64 | +0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.99 | -0.67 |
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 | 1.07 | +0.18 |
Drawdowns
VNJTX vs. FGNSX - Drawdown Comparison
The maximum VNJTX drawdown since its inception was -15.71%, which is greater than FGNSX's maximum drawdown of -2.35%. Use the drawdown chart below to compare losses from any high point for VNJTX and FGNSX.
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Drawdown Indicators
| VNJTX | FGNSX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.71% | -2.35% | -13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -2.35% | -2.77% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | -2.35% | -13.36% |
Max Drawdown (10Y)Largest decline over 10 years | -15.71% | — | — |
Current DrawdownCurrent decline from peak | -2.07% | -0.40% | -1.67% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -0.25% | -1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.63% | 0.92% | +0.71% |
Volatility
VNJTX vs. FGNSX - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) has a higher volatility of 1.21% compared to Strategic Advisers Tax-Sensitive Short Duration Fund (FGNSX) at 0.22%. This indicates that VNJTX'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
| VNJTX | FGNSX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.21% | 0.22% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 1.89% | 0.67% | +1.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.24% | 3.79% | +1.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 2.04% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 1.66% | +2.88% |
Dividends
VNJTX vs. FGNSX - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.59%, more than FGNSX's 1.86% 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% |
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% |