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VNJTX vs. MUB
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VNJTX vs. MUB - 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 iShares National AMT-Free Muni Bond ETF (MUB). The values are adjusted to include any dividend payments, if applicable.

-1.00%0.00%1.00%2.00%3.00%4.00%5.00%JuneJulyAugustSeptemberOctoberNovember
3.90%
3.23%
VNJTX
MUB

Returns By Period

In the year-to-date period, VNJTX achieves a 2.24% return, which is significantly higher than MUB's 1.69% return. Over the past 10 years, VNJTX has outperformed MUB with an annualized return of 2.71%, while MUB has yielded a comparatively lower 2.19% annualized return.


VNJTX

YTD

2.24%

1M

0.55%

6M

3.80%

1Y

7.29%

5Y (annualized)

1.37%

10Y (annualized)

2.71%

MUB

YTD

1.69%

1M

0.52%

6M

3.13%

1Y

4.88%

5Y (annualized)

1.19%

10Y (annualized)

2.19%

Key characteristics


VNJTXMUB
Sharpe Ratio1.991.32
Sortino Ratio2.941.89
Omega Ratio1.431.25
Calmar Ratio0.900.86
Martin Ratio7.595.41
Ulcer Index1.00%0.94%
Daily Std Dev3.82%3.86%
Max Drawdown-16.22%-13.68%
Current Drawdown-1.70%-1.09%

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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%.


VNJTX
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares
Expense ratio chart for VNJTX: current value at 0.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.17%
Expense ratio chart for MUB: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Correlation

-0.50.00.51.00.6

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.

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.


Sharpe ratio
The chart of Sharpe ratio for VNJTX, currently valued at 1.99, compared to the broader market-1.000.001.002.003.004.005.001.991.32
The chart of Sortino ratio for VNJTX, currently valued at 2.94, compared to the broader market0.005.0010.002.941.89
The chart of Omega ratio for VNJTX, currently valued at 1.43, compared to the broader market1.002.003.004.001.431.25
The chart of Calmar ratio for VNJTX, currently valued at 0.90, compared to the broader market0.005.0010.0015.0020.0025.000.900.86
The chart of Martin ratio for VNJTX, currently valued at 7.59, compared to the broader market0.0020.0040.0060.0080.00100.007.595.41
VNJTX
MUB

The current VNJTX Sharpe Ratio is 1.99, which is higher than the MUB Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of VNJTX and MUB, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.001.002.003.004.00JuneJulyAugustSeptemberOctoberNovember
1.99
1.32
VNJTX
MUB

Dividends

VNJTX vs. MUB - Dividend Comparison

VNJTX's dividend yield for the trailing twelve months is around 3.37%, more than MUB's 2.94% yield.


TTM20232022202120202019201820172016201520142013
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
2.94%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.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.70%
-1.09%
VNJTX
MUB

Volatility

VNJTX vs. MUB - Volatility Comparison

The current volatility for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) is 1.66%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.79%. This indicates that VNJTX experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.66%
1.79%
VNJTX
MUB