VNJTX vs. VNJUX
VNJTX (Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares) and VNJUX (Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares) are both Municipal Bonds funds from Vanguard. Over the past 10 years, VNJTX returned 3.07%/yr vs 3.12%/yr for VNJUX. With a 1.00 correlation, they move nearly in lockstep. VNJTX charges 0.17%/yr vs 0.09%/yr for VNJUX.
Performance
VNJTX vs. VNJUX - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with VNJTX having a 1.94% return and VNJUX slightly higher at 1.96%. Both investments have delivered pretty close results over the past 10 years, with VNJTX having a 3.07% annualized return and VNJUX not far ahead at 3.12%.
VNJTX
- 1D
- 0.18%
- 1M
- 0.74%
- YTD
- 1.94%
- 6M
- 2.34%
- 1Y
- 8.74%
- 3Y*
- 4.75%
- 5Y*
- 1.44%
- 10Y*
- 3.07%
VNJUX
- 1D
- 0.18%
- 1M
- 0.74%
- YTD
- 1.96%
- 6M
- 2.37%
- 1Y
- 8.80%
- 3Y*
- 4.72%
- 5Y*
- 1.46%
- 10Y*
- 3.12%
VNJTX vs. VNJUX - 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 | 1.94% | 4.89% | 2.69% | 8.04% | -10.31% | 2.62% | 6.02% | 9.27% | 1.53% | 8.37% |
VNJUX Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares | 1.96% | 4.96% | 2.79% | 7.76% | -10.24% | 2.69% | 6.11% | 9.37% | 1.61% | 8.48% |
Correlation
The correlation between VNJTX and VNJUX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 1.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 1.00 |
Correlation (10Y) Calculated over the trailing 10-year period | 1.00 |
Correlation (All Time) Calculated using the full available price history since May 15, 2001 | 1.00 |
The correlation between VNJTX and VNJUX has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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Return for Risk
VNJTX vs. VNJUX — Risk / Return Rank
VNJTX
VNJUX
VNJTX vs. VNJUX - 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 New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX). 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 | VNJUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.69 | 1.69 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.94 | -0.02 |
| Martin ratioReturn relative to average drawdown | 10.50 | 10.59 | -0.09 |
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 | VNJUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 2.83 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.32 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.69 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.25 | 1.04 | +0.21 |
Drawdowns
VNJTX vs. VNJUX - Drawdown Comparison
The maximum VNJTX drawdown since its inception was -15.71%, roughly equal to the maximum VNJUX drawdown of -15.62%. Use the drawdown chart below to compare losses from any high point for VNJTX and VNJUX.
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Drawdown Indicators
| VNJTX | VNJUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.71% | -15.62% | -0.09% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -2.94% | 0.00% |
Max Drawdown (3Y)Largest decline over 3 years | -6.88% | -6.87% | -0.01% |
Max Drawdown (5Y)Largest decline over 5 years | -15.71% | -15.62% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -15.71% | -15.62% | -0.09% |
Current DrawdownCurrent decline from peak | -0.23% | -0.22% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -1.86% | -2.05% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.81% | +0.01% |
Volatility
VNJTX vs. VNJUX - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) have volatilities of 1.15% and 1.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNJTX | VNJUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.15% | 1.15% | 0.00% |
Volatility (6M)Calculated over the trailing 6-month period | 2.25% | 2.26% | -0.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.05% | 3.05% | 0.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 4.55% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.56% | 4.57% | -0.01% |
VNJTX vs. VNJUX - Expense Ratio Comparison
VNJTX has a 0.17% expense ratio, which is higher than VNJUX's 0.09% 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%.
Dividends
VNJTX vs. VNJUX - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.58%, less than VNJUX's 3.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 3.58% | 4.42% | 3.97% | 3.26% | 3.14% | 2.84% | 3.71% | 4.06% | 3.93% | 4.03% | 4.51% | 3.70% |
VNJUX Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares | 3.63% | 4.49% | 4.07% | 3.03% | 3.22% | 2.91% | 3.79% | 4.15% | 4.01% | 4.13% | 4.62% | 3.78% |
Frequently Asked Questions
With a correlation of 1.00, VNJTX and VNJUX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
VNJUX has higher volatility (1.15%) compared to VNJTX (1.15%). In terms of maximum drawdown, VNJTX dropped -15.71% vs VNJUX's -15.62%.
VNJUX currently has the higher Sharpe Ratio (2.83 vs 2.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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