VNJUX vs. HYG
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) and iShares iBoxx $ High Yield Corporate Bond ETF (HYG).
VNJUX is managed by Vanguard. It was launched on May 14, 2001. HYG is a passively managed fund by iShares that tracks the performance of the iBoxx $ Liquid High Yield Index. It was launched on Apr 11, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNJUX or HYG.
Key characteristics
| VNJUX | HYG | |
|---|---|---|
| YTD Return | 2.05% | 8.90% |
| 1Y Return | 9.38% | 14.88% |
| 3Y Return (Ann) | -0.34% | 2.95% |
| 5Y Return (Ann) | 1.48% | 3.68% |
| 10Y Return (Ann) | 2.77% | 4.01% |
| Sharpe Ratio | 2.39 | 3.25 |
| Sortino Ratio | 3.60 | 5.16 |
| Omega Ratio | 1.53 | 1.65 |
| Calmar Ratio | 0.93 | 2.48 |
| Martin Ratio | 9.74 | 25.18 |
| Ulcer Index | 0.96% | 0.61% |
| Daily Std Dev | 3.93% | 4.74% |
| Max Drawdown | -16.13% | -34.24% |
| Current Drawdown | -1.71% | -0.11% |
Correlation
The correlation between VNJUX and HYG is 0.01, 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
VNJUX vs. HYG - Performance Comparison
In the year-to-date period, VNJUX achieves a 2.05% return, which is significantly lower than HYG's 8.90% return. Over the past 10 years, VNJUX has underperformed HYG with an annualized return of 2.77%, while HYG has yielded a comparatively higher 4.01% 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. HYG - Expense Ratio Comparison
VNJUX has a 0.09% expense ratio, which is lower than HYG's 0.49% expense ratio.
Risk-Adjusted Performance
VNJUX vs. HYG - 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 iBoxx $ High Yield Corporate Bond ETF (HYG). 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. HYG - Dividend Comparison
VNJUX's dividend yield for the trailing twelve months is around 3.45%, less than HYG's 6.34% 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% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 6.34% | 5.75% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% | 6.10% |
Drawdowns
VNJUX vs. HYG - Drawdown Comparison
The maximum VNJUX drawdown since its inception was -16.13%, smaller than the maximum HYG drawdown of -34.24%. Use the drawdown chart below to compare losses from any high point for VNJUX and HYG. For additional features, visit the drawdowns tool.
Volatility
VNJUX vs. HYG - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) has a higher volatility of 1.93% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 1.04%. This indicates that VNJUX's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.