VNJTX vs. NJTFX
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX).
VNJTX is managed by Vanguard. It was launched on Feb 3, 1988. NJTFX is managed by T. Rowe Price. It was launched on Apr 29, 1991.
Performance
VNJTX vs. NJTFX - Performance Comparison
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VNJTX vs. NJTFX - 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% |
NJTFX T. Rowe Price New Jersey Tax Free Bond Fund | 0.29% | 6.48% | 2.88% | 7.18% | -10.24% | 2.67% | 4.73% | 6.65% | 1.31% | 5.30% |
Returns By Period
In the year-to-date period, VNJTX achieves a -0.29% return, which is significantly lower than NJTFX's 0.29% return. Over the past 10 years, VNJTX has outperformed NJTFX with an annualized return of 3.02%, while NJTFX has yielded a comparatively lower 2.50% 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%
NJTFX
- 1D
- 0.27%
- 1M
- -1.91%
- YTD
- 0.29%
- 6M
- 2.82%
- 1Y
- 7.06%
- 3Y*
- 4.41%
- 5Y*
- 1.61%
- 10Y*
- 2.50%
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VNJTX vs. NJTFX - Expense Ratio Comparison
VNJTX has a 0.17% expense ratio, which is lower than NJTFX's 0.56% expense ratio.
Return for Risk
VNJTX vs. NJTFX — Risk / Return Rank
VNJTX
NJTFX
VNJTX vs. NJTFX - 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 T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX). 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 | NJTFX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.94 | 1.52 | -0.58 |
Sortino ratioReturn per unit of downside risk | 1.28 | 2.03 | -0.75 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.43 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 1.14 | 1.66 | -0.52 |
Martin ratioReturn relative to average drawdown | 3.60 | 5.82 | -2.22 |
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 | NJTFX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.52 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.41 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.65 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 1.27 | -0.02 |
Correlation
The correlation between VNJTX and NJTFX is 0.88, 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. NJTFX - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.61%, less than NJTFX's 6.15% 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% |
NJTFX T. Rowe Price New Jersey Tax Free Bond Fund | 6.15% | 5.81% | 3.19% | 3.27% | 2.03% | 2.56% | 2.79% | 2.84% | 3.13% | 3.13% | 3.26% | 3.36% |
Drawdowns
VNJTX vs. NJTFX - Drawdown Comparison
The maximum VNJTX drawdown since its inception was -15.71%, roughly equal to the maximum NJTFX drawdown of -15.19%. Use the drawdown chart below to compare losses from any high point for VNJTX and NJTFX.
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Drawdown Indicators
| VNJTX | NJTFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.71% | -15.19% | -0.52% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -4.84% | -0.28% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | -15.19% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -15.71% | -15.19% | -0.52% |
Current DrawdownCurrent decline from peak | -2.42% | -2.16% | -0.26% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -1.82% | -0.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.62% | 1.38% | +0.24% |
Volatility
VNJTX vs. NJTFX - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) has a higher volatility of 1.27% compared to T. Rowe Price New Jersey Tax Free Bond Fund (NJTFX) at 1.09%. This indicates that VNJTX's price experiences larger fluctuations and is considered to be riskier than NJTFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNJTX | NJTFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.09% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 1.75% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 4.95% | +0.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 3.96% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 3.86% | +0.69% |