VNJTX vs. MUB
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and iShares National AMT-Free Muni Bond ETF (MUB).
VNJTX is managed by Vanguard. It was launched on Feb 3, 1988. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNJTX or MUB.
Key characteristics
| VNJTX | MUB | |
|---|---|---|
| YTD Return | 1.88% | 1.25% |
| 1Y Return | 9.19% | 6.33% |
| 3Y Return (Ann) | -0.44% | -0.18% |
| 5Y Return (Ann) | 1.35% | 1.15% |
| 10Y Return (Ann) | 2.67% | 2.15% |
| Sharpe Ratio | 2.35 | 1.62 |
| Sortino Ratio | 3.53 | 2.37 |
| Omega Ratio | 1.52 | 1.31 |
| Calmar Ratio | 0.89 | 0.88 |
| Martin Ratio | 9.44 | 6.96 |
| Ulcer Index | 0.97% | 0.93% |
| Daily Std Dev | 3.92% | 3.98% |
| Max Drawdown | -16.22% | -13.68% |
| Current Drawdown | -2.05% | -1.52% |
Correlation
The correlation between VNJTX and MUB is 0.58, 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. MUB - Performance Comparison
In the year-to-date period, VNJTX achieves a 1.88% return, which is significantly higher than MUB's 1.25% return. Over the past 10 years, VNJTX has outperformed MUB with an annualized return of 2.67%, while MUB has yielded a comparatively lower 2.15% 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. MUB - Expense Ratio Comparison
VNJTX has a 0.17% expense ratio, which is higher than MUB'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%.
Risk-Adjusted Performance
VNJTX vs. MUB - 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 iShares National AMT-Free Muni Bond ETF (MUB). 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. MUB - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.37%, more than MUB's 2.96% 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% |
MUB iShares National AMT-Free Muni Bond ETF | 2.96% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% | 2.73% | 3.02% |
Drawdowns
VNJTX vs. MUB - Drawdown Comparison
The maximum VNJTX drawdown since its inception was -16.22%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for VNJTX and MUB. For additional features, visit the drawdowns tool.
Volatility
VNJTX vs. MUB - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and iShares National AMT-Free Muni Bond ETF (MUB) have volatilities of 1.93% and 1.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.