VNJTX vs. VTIP
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) and Vanguard Short-Term Inflation-Protected Securities ETF (VTIP).
VNJTX is managed by Vanguard. It was launched on Feb 3, 1988. VTIP is a passively managed fund by Vanguard that tracks the performance of the Barclays Capital U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L). It was launched on Oct 12, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNJTX or VTIP.
Key characteristics
| VNJTX | VTIP | |
|---|---|---|
| YTD Return | 1.97% | 4.61% |
| 1Y Return | 9.29% | 7.15% |
| 3Y Return (Ann) | -0.41% | 2.24% |
| 5Y Return (Ann) | 1.43% | 3.56% |
| 10Y Return (Ann) | 2.67% | 2.40% |
| Sharpe Ratio | 2.37 | 3.19 |
| Sortino Ratio | 3.57 | 5.64 |
| Omega Ratio | 1.53 | 1.74 |
| Calmar Ratio | 0.90 | 4.00 |
| Martin Ratio | 9.64 | 26.90 |
| Ulcer Index | 0.96% | 0.26% |
| Daily Std Dev | 3.91% | 2.17% |
| Max Drawdown | -16.22% | -6.27% |
| Current Drawdown | -1.96% | -0.41% |
Correlation
The correlation between VNJTX and VTIP is 0.27, 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. VTIP - Performance Comparison
In the year-to-date period, VNJTX achieves a 1.97% return, which is significantly lower than VTIP's 4.61% return. Over the past 10 years, VNJTX has outperformed VTIP with an annualized return of 2.67%, while VTIP has yielded a comparatively lower 2.40% 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. VTIP - Expense Ratio Comparison
VNJTX has a 0.17% expense ratio, which is higher than VTIP's 0.04% 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. VTIP - 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 Short-Term Inflation-Protected Securities ETF (VTIP). 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. VTIP - Dividend Comparison
VNJTX's dividend yield for the trailing twelve months is around 3.37%, which matches VTIP's 3.38% 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% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.38% | 3.36% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% | 0.00% | 0.82% | 0.05% |
Drawdowns
VNJTX vs. VTIP - Drawdown Comparison
The maximum VNJTX drawdown since its inception was -16.22%, which is greater than VTIP's maximum drawdown of -6.27%. Use the drawdown chart below to compare losses from any high point for VNJTX and VTIP. For additional features, visit the drawdowns tool.
Volatility
VNJTX vs. VTIP - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) has a higher volatility of 1.93% compared to Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) at 0.43%. This indicates that VNJTX's price experiences larger fluctuations and is considered to be riskier than VTIP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.