VNJTX vs. VTEB
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and Vanguard Tax-Exempt Bond ETF (VTEB).
VNJTX is managed by Vanguard. It was launched on Feb 3, 1988. VTEB is a passively managed fund by Vanguard that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Aug 21, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNJTX or VTEB.
Performance
VNJTX vs. VTEB - Performance Comparison
Returns By Period
In the year-to-date period, VNJTX achieves a 2.32% return, which is significantly higher than VTEB's 1.76% return.
VNJTX
2.32%
1.44%
3.99%
7.38%
1.39%
2.71%
VTEB
1.76%
1.14%
3.38%
5.59%
1.22%
N/A
Key characteristics
| VNJTX | VTEB | |
|---|---|---|
| Sharpe Ratio | 1.94 | 1.44 |
| Sortino Ratio | 2.86 | 2.11 |
| Omega Ratio | 1.42 | 1.28 |
| Calmar Ratio | 0.88 | 0.87 |
| Martin Ratio | 7.37 | 6.08 |
| Ulcer Index | 1.00% | 0.92% |
| Daily Std Dev | 3.81% | 3.88% |
| Max Drawdown | -16.22% | -17.00% |
| Current Drawdown | -1.62% | -1.05% |
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VNJTX vs. VTEB - Expense Ratio Comparison
VNJTX has a 0.17% expense ratio, which is higher than VTEB's 0.05% 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%.
Correlation
The correlation between VNJTX and VTEB is 0.67, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
VNJTX vs. VTEB - 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 Tax-Exempt Bond ETF (VTEB). 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. VTEB - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.36%, more than VTEB's 3.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 3.36% | 3.26% | 3.14% | 2.69% | 2.94% | 3.23% | 3.54% | 3.50% | 3.68% | 3.53% | 3.52% | 3.76% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.09% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 0.00% | 0.00% |
Drawdowns
VNJTX vs. VTEB - Drawdown Comparison
The maximum VNJTX drawdown since its inception was -16.22%, roughly equal to the maximum VTEB drawdown of -17.00%. Use the drawdown chart below to compare losses from any high point for VNJTX and VTEB. For additional features, visit the drawdowns tool.
Volatility
VNJTX vs. VTEB - Volatility Comparison
The current volatility for Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) is 1.66%, while Vanguard Tax-Exempt Bond ETF (VTEB) has a volatility of 1.83%. This indicates that VNJTX experiences smaller price fluctuations and is considered to be less risky than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.