VNJTX vs. FXIEX
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and PIMCO Fixed Income SHares: Series TE (FXIEX).
VNJTX is managed by Vanguard. It was launched on Feb 3, 1988. FXIEX is managed by PIMCO. It was launched on Jun 24, 2012.
Performance
VNJTX vs. FXIEX - Performance Comparison
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VNJTX vs. FXIEX - 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 | -0.29% | 4.89% | 2.69% | 8.04% | -10.31% | 2.62% | 6.02% | 9.27% | 1.53% | 8.37% |
FXIEX PIMCO Fixed Income SHares: Series TE | -0.41% | 3.37% | 5.16% | 8.92% | -10.89% | 2.19% | 7.22% | 8.45% | 1.00% | 7.71% |
Returns By Period
In the year-to-date period, VNJTX achieves a -0.29% return, which is significantly higher than FXIEX's -0.41% return. Over the past 10 years, VNJTX has outperformed FXIEX with an annualized return of 3.02%, while FXIEX has yielded a comparatively lower 2.78% annualized return.
VNJTX
- 1D
- 0.36%
- 1M
- -2.17%
- YTD
- -0.29%
- 6M
- 1.51%
- 1Y
- 4.45%
- 3Y*
- 3.89%
- 5Y*
- 1.36%
- 10Y*
- 3.02%
FXIEX
- 1D
- 0.31%
- 1M
- -1.82%
- YTD
- -0.41%
- 6M
- 0.21%
- 1Y
- 2.29%
- 3Y*
- 4.75%
- 5Y*
- 1.53%
- 10Y*
- 2.78%
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VNJTX vs. FXIEX - Expense Ratio Comparison
VNJTX has a 0.17% expense ratio, which is higher than FXIEX'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%.
Return for Risk
VNJTX vs. FXIEX — Risk / Return Rank
VNJTX
FXIEX
VNJTX vs. FXIEX - 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 PIMCO Fixed Income SHares: Series TE (FXIEX). 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 | FXIEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 0.57 | +0.37 |
Sortino ratioReturn per unit of downside risk | 1.28 | 0.82 | +0.46 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.15 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 0.54 | +0.60 |
Martin ratioReturn relative to average drawdown | 3.60 | 1.61 | +1.99 |
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 | FXIEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.57 | +0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.37 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.70 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.56 | +0.68 |
Correlation
The correlation between VNJTX and FXIEX is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VNJTX vs. FXIEX - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.61%, more than FXIEX's 2.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 3.61% | 4.42% | 3.97% | 3.26% | 3.14% | 2.84% | 3.71% | 4.06% | 3.93% | 4.03% | 4.51% | 3.70% |
FXIEX PIMCO Fixed Income SHares: Series TE | 2.03% | 2.75% | 4.53% | 3.98% | 3.25% | 2.63% | 3.37% | 3.63% | 3.79% | 2.67% | 0.00% | 0.00% |
Drawdowns
VNJTX vs. FXIEX - Drawdown Comparison
The maximum VNJTX drawdown since its inception was -15.71%, roughly equal to the maximum FXIEX drawdown of -15.25%. Use the drawdown chart below to compare losses from any high point for VNJTX and FXIEX.
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Drawdown Indicators
| VNJTX | FXIEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.71% | -15.25% | -0.46% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -5.11% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | -15.25% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -15.71% | -15.25% | -0.46% |
Current DrawdownCurrent decline from peak | -2.42% | -2.01% | -0.41% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -2.92% | +1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.84% | -0.22% |
Volatility
VNJTX vs. FXIEX - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) has a higher volatility of 1.27% compared to PIMCO Fixed Income SHares: Series TE (FXIEX) at 1.07%. This indicates that VNJTX's price experiences larger fluctuations and is considered to be riskier than FXIEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNJTX | FXIEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.07% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 2.33% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 5.73% | -0.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 4.30% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 4.07% | +0.48% |