VNJUX vs. GOVT
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) and iShares U.S. Treasury Bond ETF (GOVT).
VNJUX is managed by Vanguard. It was launched on May 14, 2001. GOVT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. Treasury Bond Index. It was launched on Feb 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNJUX or GOVT.
Key characteristics
| VNJUX | GOVT | |
|---|---|---|
| YTD Return | 1.96% | 0.73% |
| 1Y Return | 9.28% | 5.94% |
| 3Y Return (Ann) | -0.36% | -2.78% |
| 5Y Return (Ann) | 1.43% | -0.75% |
| 10Y Return (Ann) | 2.76% | 0.84% |
| Sharpe Ratio | 2.37 | 1.06 |
| Sortino Ratio | 3.56 | 1.56 |
| Omega Ratio | 1.53 | 1.19 |
| Calmar Ratio | 0.92 | 0.34 |
| Martin Ratio | 9.59 | 3.41 |
| Ulcer Index | 0.97% | 1.74% |
| Daily Std Dev | 3.92% | 5.58% |
| Max Drawdown | -16.13% | -19.07% |
| Current Drawdown | -1.80% | -12.37% |
Correlation
The correlation between VNJUX and GOVT is 0.47, 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.
Performance
VNJUX vs. GOVT - Performance Comparison
In the year-to-date period, VNJUX achieves a 1.96% return, which is significantly higher than GOVT's 0.73% return. Over the past 10 years, VNJUX has outperformed GOVT with an annualized return of 2.76%, while GOVT has yielded a comparatively lower 0.84% 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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VNJUX vs. GOVT - Expense Ratio Comparison
VNJUX has a 0.09% expense ratio, which is lower than GOVT's 0.15% expense ratio. Despite the difference, 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
VNJUX vs. GOVT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) and iShares U.S. Treasury Bond ETF (GOVT). 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
VNJUX vs. GOVT - Dividend Comparison
VNJUX's dividend yield for the trailing twelve months is around 3.45%, more than GOVT's 3.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNJUX Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares | 3.45% | 3.31% | 3.22% | 2.77% | 3.01% | 3.33% | 3.60% | 3.60% | 3.79% | 3.61% | 3.61% | 3.84% |
GOVT iShares U.S. Treasury Bond ETF | 3.14% | 2.66% | 1.76% | 0.96% | 2.17% | 1.98% | 1.97% | 1.57% | 1.40% | 1.25% | 1.17% | 0.94% |
Drawdowns
VNJUX vs. GOVT - Drawdown Comparison
The maximum VNJUX drawdown since its inception was -16.13%, smaller than the maximum GOVT drawdown of -19.07%. Use the drawdown chart below to compare losses from any high point for VNJUX and GOVT. For additional features, visit the drawdowns tool.
Volatility
VNJUX vs. GOVT - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) has a higher volatility of 1.93% compared to iShares U.S. Treasury Bond ETF (GOVT) at 1.60%. This indicates that VNJUX's price experiences larger fluctuations and is considered to be riskier than GOVT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.