VNJTX vs. MUBFX
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and MainStay WMC Value Fund (MUBFX).
VNJTX is managed by Vanguard. It was launched on Feb 3, 1988. MUBFX is managed by New York Life. It was launched on Jan 21, 1971.
Performance
VNJTX vs. MUBFX - Performance Comparison
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VNJTX vs. MUBFX - 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 | -0.65% | 4.89% | 2.69% | 8.04% | -10.31% | 2.62% | 6.02% | 9.27% | 1.53% | 8.37% |
MUBFX MainStay WMC Value Fund | -1.97% | 14.74% | 10.72% | 9.62% | -4.54% | 28.60% | 13.62% | 31.67% | -6.89% | 22.71% |
Returns By Period
In the year-to-date period, VNJTX achieves a -0.65% return, which is significantly higher than MUBFX's -1.97% return. Over the past 10 years, VNJTX has underperformed MUBFX with an annualized return of 2.99%, while MUBFX has yielded a comparatively higher 12.18% annualized return.
VNJTX
- 1D
- 0.18%
- 1M
- -2.77%
- YTD
- -0.65%
- 6M
- 1.24%
- 1Y
- 4.55%
- 3Y*
- 3.77%
- 5Y*
- 1.30%
- 10Y*
- 2.99%
MUBFX
- 1D
- 0.09%
- 1M
- -5.98%
- YTD
- -1.97%
- 6M
- 2.64%
- 1Y
- 9.69%
- 3Y*
- 11.41%
- 5Y*
- 9.00%
- 10Y*
- 12.18%
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VNJTX vs. MUBFX - Expense Ratio Comparison
VNJTX has a 0.17% expense ratio, which is lower than MUBFX's 0.70% expense ratio.
Return for Risk
VNJTX vs. MUBFX — Risk / Return Rank
VNJTX
MUBFX
VNJTX vs. MUBFX - 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 MainStay WMC Value Fund (MUBFX). 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 | MUBFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.69 | +0.34 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.04 | +0.36 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.15 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.80 | +0.32 |
Martin ratioReturn relative to average drawdown | 3.56 | 3.48 | +0.08 |
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 | MUBFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.69 | +0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.61 | -0.32 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.68 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.63 | +0.61 |
Correlation
The correlation between VNJTX and MUBFX is -0.01. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Dividends
VNJTX vs. MUBFX - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.62%, less than MUBFX's 7.53% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 3.62% | 4.42% | 3.97% | 3.26% | 3.14% | 2.84% | 3.71% | 4.06% | 3.93% | 4.03% | 4.51% | 3.70% |
MUBFX MainStay WMC Value Fund | 7.53% | 7.38% | 5.24% | 4.49% | 5.82% | 81.14% | 3.79% | 8.43% | 11.90% | 11.15% | 2.53% | 19.99% |
Drawdowns
VNJTX vs. MUBFX - Drawdown Comparison
The maximum VNJTX drawdown since its inception was -15.71%, smaller than the maximum MUBFX drawdown of -53.31%. Use the drawdown chart below to compare losses from any high point for VNJTX and MUBFX.
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Drawdown Indicators
| VNJTX | MUBFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.71% | -53.31% | +37.60% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -11.17% | +6.05% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | -15.61% | -0.10% |
Max Drawdown (10Y)Largest decline over 10 years | -15.71% | -39.31% | +23.60% |
Current DrawdownCurrent decline from peak | -2.77% | -6.59% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -6.19% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 2.55% | -0.94% |
Volatility
VNJTX vs. MUBFX - Volatility Comparison
The current volatility for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) is 1.19%, while MainStay WMC Value Fund (MUBFX) has a volatility of 3.13%. This indicates that VNJTX experiences smaller price fluctuations and is considered to be less risky than MUBFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNJTX | MUBFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 3.13% | -1.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 8.07% | -6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 15.63% | -10.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 14.85% | -10.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 17.91% | -13.37% |