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.
Correlation
The correlation between VNJTX and VTEB is 0.00, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
VNJTX vs. VTEB - Performance Comparison
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Key characteristics
VNJTX:
0.09
VTEB:
0.15
VNJTX:
0.14
VTEB:
0.21
VNJTX:
1.02
VTEB:
1.03
VNJTX:
0.07
VTEB:
0.14
VNJTX:
0.24
VTEB:
0.43
VNJTX:
1.89%
VTEB:
1.54%
VNJTX:
5.82%
VTEB:
4.73%
VNJTX:
-16.22%
VTEB:
-17.00%
VNJTX:
-3.86%
VTEB:
-2.74%
Returns By Period
In the year-to-date period, VNJTX achieves a -2.06% return, which is significantly lower than VTEB's -1.17% return.
VNJTX
-2.06%
1.75%
-1.85%
0.54%
1.73%
2.51%
VTEB
-1.17%
2.11%
-1.06%
0.73%
0.85%
N/A
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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%.
Risk-Adjusted Performance
VNJTX vs. VTEB — Risk-Adjusted Performance Rank
VNJTX
VTEB
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.
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Dividends
VNJTX vs. VTEB - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.54%, more than VTEB's 3.26% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 3.54% | 3.41% | 3.24% | 3.14% | 3.30% | 3.71% | 3.80% | 3.93% | 4.03% | 4.51% | 3.70% | 3.95% |
VTEB Vanguard Tax-Exempt Bond ETF | 3.26% | 3.14% | 2.79% | 2.09% | 1.65% | 1.99% | 2.30% | 2.25% | 1.96% | 1.66% | 0.58% | 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.
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Volatility
VNJTX vs. VTEB - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) has a higher volatility of 1.44% compared to Vanguard Tax-Exempt Bond ETF (VTEB) at 1.33%. This indicates that VNJTX's price experiences larger fluctuations and is considered to be riskier than VTEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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