VNJTX vs. FTNJ

Last updated Aug 5, 2026

VNJTX (Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares) and FTNJ (Franklin New Jersey Municipal Income ETF) are both Municipal Bonds funds. Their 0.59 correlation means they have sometimes moved together and sometimes differently. VNJTX charges 0.17%/yr vs 0.35%/yr for FTNJ.

Performance

VNJTX vs. FTNJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and Franklin New Jersey Municipal Income ETF (FTNJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, VNJTX achieves a 0.46% return, which is significantly lower than FTNJ's 1.18% return.

VNJTX

• 1D: 0.09%
• 1M: -2.26%
• 6M: -0.27%
• YTD: 0.46%
• 1Y: 5.92%
• 3Y*: 4.42%
• 5Y*: 0.92%
• 10Y*: 2.74%
• ALL TIME*: 4.80%

FTNJ

• 1D: 0.38%
• 1M: -1.35%
• 6M: 0.44%
• YTD: 1.18%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FTNJ Franklin New Jersey Municipal Income ETF	$1.45M	$1.10M	$894.58K
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares	$0.00	$0.00	$0.00

VNJTX vs. FTNJ - Yearly Performance Comparison

	2026 (YTD)	2025
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares	0.46%	0.26%
FTNJ Franklin New Jersey Municipal Income ETF	1.18%	0.34%

Correlation

The correlation between VNJTX and FTNJ is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 10, 2025	0.59

Return for Risk

VNJTX vs. FTNJ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

VNJTX

VNJTX Risk / Return Rank: 69
VNJTX Sharpe Ratio Rank: 81
VNJTX Sortino Ratio Rank: 82
VNJTX Omega Ratio Rank: 89
VNJTX Calmar Ratio Rank: 51
VNJTX Martin Ratio Rank: 44

FTNJ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

VNJTX vs. FTNJ - 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 Franklin New Jersey Municipal Income ETF (FTNJ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	VNJTX	FTNJ	Difference
Sharpe ratio: Return per unit of total volatility	1.97	—	—
Sortino ratio: Return per unit of downside risk	2.90	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	2.05	—	—
Martin ratio: Return relative to average drawdown	6.82	—	—

Drawdowns

VNJTX vs. FTNJ - Drawdown Comparison

The maximum VNJTX drawdown since its inception was -15.71%, which is greater than FTNJ's maximum drawdown of -2.72%. Use the drawdown chart below to compare losses from any high point for VNJTX and FTNJ.

Drawdown Indicators

	VNJTX	FTNJ	Difference
Max Drawdown Largest peak-to-trough decline	-15.71%	-2.72%	-12.99%
Max Drawdown (1Y) Largest decline over 1 year	-2.94%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-5.81%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-15.64%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-15.71%	—	—
Current Drawdown Current decline from peak	-2.26%	-1.35%	-0.91%
Average Drawdown Average peak-to-trough decline	-1.86%	-0.59%	-1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	—	—

Volatility

Volatility by Period

	VNJTX	FTNJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.07%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.45%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.07%	3.26%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.58%	3.26%	+1.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.57%	3.26%	+1.31%

VNJTX vs. FTNJ - Expense Ratio Comparison

VNJTX has a 0.17% expense ratio, which is lower than FTNJ's 0.35% expense ratio.

Dividends

VNJTX vs. FTNJ - Dividend Comparison

VNJTX's dividend yield for the trailing twelve months is around 3.35%, more than FTNJ's 2.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTNJ Franklin New Jersey Municipal Income ETF	2.66%	0.54%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares	3.35%	4.42%	3.97%	3.26%	3.14%	2.84%	3.71%	4.06%	3.93%	4.03%	4.51%	3.70%

Frequently Asked Questions

Can I hold both VNJTX and FTNJ in my portfolio?

VNJTX and FTNJ have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.