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 Investments. It was launched on Jan 21, 1971.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNJTX or MUBFX.
Key characteristics
| VNJTX | MUBFX | |
|---|---|---|
| YTD Return | 1.97% | 16.74% |
| 1Y Return | 9.29% | 25.42% |
| 3Y Return (Ann) | -0.41% | -14.47% |
| 5Y Return (Ann) | 1.43% | -3.63% |
| 10Y Return (Ann) | 2.67% | -1.99% |
| Sharpe Ratio | 2.37 | 2.13 |
| Sortino Ratio | 3.57 | 2.90 |
| Omega Ratio | 1.53 | 1.39 |
| Calmar Ratio | 0.90 | 0.49 |
| Martin Ratio | 9.64 | 13.37 |
| Ulcer Index | 0.96% | 1.84% |
| Daily Std Dev | 3.91% | 11.52% |
| Max Drawdown | -16.22% | -60.05% |
| Current Drawdown | -1.96% | -37.36% |
Correlation
The correlation between VNJTX and MUBFX is -0.02. 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.
Performance
VNJTX vs. MUBFX - Performance Comparison
In the year-to-date period, VNJTX achieves a 1.97% return, which is significantly lower than MUBFX's 16.74% return. Over the past 10 years, VNJTX has outperformed MUBFX with an annualized return of 2.67%, while MUBFX has yielded a comparatively lower -1.99% 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. MUBFX - Expense Ratio Comparison
VNJTX has a 0.17% expense ratio, which is lower than MUBFX's 0.70% expense ratio.
Risk-Adjusted Performance
VNJTX vs. MUBFX - 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 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.
Dividends
VNJTX vs. MUBFX - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.37%, more than MUBFX's 1.39% 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% |
MUBFX MainStay WMC Value Fund | 1.39% | 1.63% | 1.78% | 1.59% | 0.75% | 0.95% | 1.08% | 0.75% | 1.50% | 1.42% | 1.78% | 1.23% |
Drawdowns
VNJTX vs. MUBFX - Drawdown Comparison
The maximum VNJTX drawdown since its inception was -16.22%, smaller than the maximum MUBFX drawdown of -60.05%. Use the drawdown chart below to compare losses from any high point for VNJTX and MUBFX. For additional features, visit the drawdowns tool.
Volatility
VNJTX vs. MUBFX - Volatility Comparison
The current volatility for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) is 1.93%, while MainStay WMC Value Fund (MUBFX) has a volatility of 3.92%. 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.