VNJTX vs. VIGIX
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and Vanguard Growth Index Fund Institutional Shares (VIGIX).
VNJTX is managed by Vanguard. It was launched on Feb 3, 1988. VIGIX is managed by Vanguard. It was launched on May 14, 1998.
Performance
VNJTX vs. VIGIX - Performance Comparison
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VNJTX vs. VIGIX - 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% |
VIGIX Vanguard Growth Index Fund Institutional Shares | -13.83% | 19.44% | 32.68% | 46.77% | -33.13% | 27.27% | 40.19% | 37.26% | -3.34% | 27.81% |
Returns By Period
In the year-to-date period, VNJTX achieves a -0.65% return, which is significantly higher than VIGIX's -13.83% return. Over the past 10 years, VNJTX has underperformed VIGIX with an annualized return of 2.99%, while VIGIX has yielded a comparatively higher 15.58% 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%
VIGIX
- 1D
- -0.57%
- 1M
- -8.83%
- YTD
- -13.83%
- 6M
- -12.31%
- 1Y
- 13.73%
- 3Y*
- 19.57%
- 5Y*
- 10.94%
- 10Y*
- 15.58%
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VNJTX vs. VIGIX - Expense Ratio Comparison
VNJTX has a 0.17% expense ratio, which is higher than VIGIX's 0.04% 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%.
Return for Risk
VNJTX vs. VIGIX — Risk / Return Rank
VNJTX
VIGIX
VNJTX vs. VIGIX - 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 Vanguard Growth Index Fund Institutional Shares (VIGIX). 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 | VIGIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.03 | 0.61 | +0.42 |
Sortino ratioReturn per unit of downside risk | 1.41 | 1.04 | +0.37 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.15 | +0.13 |
Calmar ratioReturn relative to maximum drawdown | 1.12 | 0.66 | +0.46 |
Martin ratioReturn relative to average drawdown | 3.56 | 2.38 | +1.18 |
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 | VIGIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.03 | 0.61 | +0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 0.49 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.73 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.24 | 0.43 | +0.81 |
Correlation
The correlation between VNJTX and VIGIX is -0.07. 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. VIGIX - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.62%, more than VIGIX's 0.47% 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% |
VIGIX Vanguard Growth Index Fund Institutional Shares | 0.47% | 0.41% | 0.47% | 0.58% | 0.70% | 0.48% | 0.66% | 0.95% | 1.32% | 1.15% | 1.40% | 1.31% |
Drawdowns
VNJTX vs. VIGIX - Drawdown Comparison
The maximum VNJTX drawdown since its inception was -15.71%, smaller than the maximum VIGIX drawdown of -56.95%. Use the drawdown chart below to compare losses from any high point for VNJTX and VIGIX.
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Drawdown Indicators
| VNJTX | VIGIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.71% | -56.95% | +41.24% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -16.51% | +11.39% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | -35.62% | +19.91% |
Max Drawdown (10Y)Largest decline over 10 years | -15.71% | -35.62% | +19.91% |
Current DrawdownCurrent decline from peak | -2.77% | -16.51% | +13.74% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -16.36% | +14.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 4.56% | -2.95% |
Volatility
VNJTX vs. VIGIX - Volatility Comparison
The current volatility for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) is 1.19%, while Vanguard Growth Index Fund Institutional Shares (VIGIX) has a volatility of 5.52%. This indicates that VNJTX experiences smaller price fluctuations and is considered to be less risky than VIGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNJTX | VIGIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 5.52% | -4.33% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 12.10% | -10.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 22.69% | -17.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 22.30% | -17.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.54% | 21.49% | -16.95% |