VNJTX vs. VT
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and Vanguard Total World Stock ETF (VT).
VNJTX is managed by Vanguard. It was launched on Feb 3, 1988. VT is a passively managed fund by Vanguard that tracks the performance of the FTSE Global All Cap Index. It was launched on Jun 24, 2008.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNJTX or VT.
Key characteristics
| VNJTX | VT | |
|---|---|---|
| YTD Return | 1.97% | 19.50% |
| 1Y Return | 9.29% | 32.36% |
| 3Y Return (Ann) | -0.41% | 5.93% |
| 5Y Return (Ann) | 1.43% | 11.44% |
| 10Y Return (Ann) | 2.67% | 9.52% |
| Sharpe Ratio | 2.37 | 2.67 |
| Sortino Ratio | 3.57 | 3.64 |
| Omega Ratio | 1.53 | 1.48 |
| Calmar Ratio | 0.90 | 3.01 |
| Martin Ratio | 9.64 | 17.59 |
| Ulcer Index | 0.96% | 1.79% |
| Daily Std Dev | 3.91% | 11.82% |
| Max Drawdown | -16.22% | -50.27% |
| Current Drawdown | -1.96% | -0.28% |
Correlation
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.
Performance
VNJTX vs. VT - Performance Comparison
In the year-to-date period, VNJTX achieves a 1.97% return, which is significantly lower than VT's 19.50% return. Over the past 10 years, VNJTX has underperformed VT with an annualized return of 2.67%, while VT has yielded a comparatively higher 9.52% 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. 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%.
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.
Dividends
VNJTX vs. VT - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.37%, more than VT's 1.83% 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% |
VT Vanguard Total World Stock ETF | 1.83% | 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.
Volatility
VNJTX vs. VT - Volatility Comparison
The current volatility for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) is 1.93%, while Vanguard Total World Stock ETF (VT) has a volatility of 3.29%. 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.