PortfoliosLab logo
PortfoliosLab logo
Tools
Performance Analysis
Portfolio Analysis
Factor Model
Portfolios
Lazy PortfoliosUser Portfolios
Discussions
VNJTX vs. VT
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VNJTX vs. VT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and Vanguard Total World Stock ETF (VT). The values are adjusted to include any dividend payments, if applicable.

-4.00%-2.00%0.00%2.00%4.00%6.00%8.00%10.00%JuneJulyAugustSeptemberOctoberNovember
3.99%
8.61%
VNJTX
VT

Returns By Period

In the year-to-date period, VNJTX achieves a 2.32% return, which is significantly lower than VT's 18.69% return. Over the past 10 years, VNJTX has underperformed VT with an annualized return of 2.71%, while VT has yielded a comparatively higher 9.29% annualized return.


VNJTX

YTD

2.32%

1M

1.44%

6M

3.99%

1Y

7.38%

5Y (annualized)

1.39%

10Y (annualized)

2.71%

VT

YTD

18.69%

1M

1.66%

6M

8.61%

1Y

25.50%

5Y (annualized)

11.28%

10Y (annualized)

9.29%

Key characteristics


VNJTXVT
Sharpe Ratio1.942.19
Sortino Ratio2.862.99
Omega Ratio1.421.39
Calmar Ratio0.883.14
Martin Ratio7.3714.01
Ulcer Index1.00%1.82%
Daily Std Dev3.81%11.63%
Max Drawdown-16.22%-50.27%
Current Drawdown-1.62%-0.95%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


VNJTX vs. VT - Expense Ratio Comparison

VNJTX has a 0.17% expense ratio, which is higher than VT's 0.07% 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%.


VNJTX
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares
Expense ratio chart for VNJTX: current value at 0.17% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.17%
Expense ratio chart for VT: current value at 0.07% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.07%

Correlation

-0.50.00.51.0-0.1

The correlation between VNJTX and VT is -0.11. 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.

Risk-Adjusted Performance

VNJTX vs. VT - 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 Vanguard Total World Stock ETF (VT). 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.


Sharpe ratio
The chart of Sharpe ratio for VNJTX, currently valued at 1.94, compared to the broader market-1.000.001.002.003.004.005.001.942.19
The chart of Sortino ratio for VNJTX, currently valued at 2.86, compared to the broader market0.005.0010.002.862.99
The chart of Omega ratio for VNJTX, currently valued at 1.42, compared to the broader market1.002.003.004.001.421.39
The chart of Calmar ratio for VNJTX, currently valued at 0.88, compared to the broader market0.005.0010.0015.0020.000.883.14
The chart of Martin ratio for VNJTX, currently valued at 7.37, compared to the broader market0.0020.0040.0060.0080.00100.007.3714.01
VNJTX
VT

The current VNJTX Sharpe Ratio is 1.94, which is comparable to the VT Sharpe Ratio of 2.19. The chart below compares the historical Sharpe Ratios of VNJTX and VT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
1.94
2.19
VNJTX
VT

Dividends

VNJTX vs. VT - Dividend Comparison

VNJTX's dividend yield for the trailing twelve months is around 3.36%, more than VT's 1.84% yield.


TTM20232022202120202019201820172016201520142013
VNJTX
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares
3.36%3.26%3.14%2.69%2.94%3.23%3.54%3.50%3.68%3.53%3.52%3.76%
VT
Vanguard Total World Stock ETF
1.84%2.08%2.20%1.82%1.66%2.32%2.53%2.11%2.39%2.45%2.44%2.06%

Drawdowns

VNJTX vs. VT - Drawdown Comparison

The maximum VNJTX drawdown since its inception was -16.22%, smaller than the maximum VT drawdown of -50.27%. Use the drawdown chart below to compare losses from any high point for VNJTX and VT. For additional features, visit the drawdowns tool.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.62%
-0.95%
VNJTX
VT

Volatility

VNJTX vs. VT - Volatility Comparison

The current volatility for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) is 1.66%, while Vanguard Total World Stock ETF (VT) has a volatility of 3.20%. This indicates that VNJTX experiences smaller price fluctuations and is considered to be less risky than VT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember
1.66%
3.20%
VNJTX
VT