Correlation
The correlation between VNJUX and HYG is -0.12. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
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.
Performance
VNJUX vs. HYG - Performance Comparison
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Key characteristics
VNJUX:
0.29
HYG:
1.72
VNJUX:
0.34
HYG:
2.56
VNJUX:
1.05
HYG:
1.37
VNJUX:
0.21
HYG:
2.17
VNJUX:
0.66
HYG:
11.56
VNJUX:
2.03%
HYG:
0.86%
VNJUX:
5.85%
HYG:
5.73%
VNJUX:
-15.62%
HYG:
-34.24%
VNJUX:
-4.20%
HYG:
0.00%
Returns By Period
In the year-to-date period, VNJUX achieves a -2.46% return, which is significantly lower than HYG's 3.13% return. Over the past 10 years, VNJUX has underperformed HYG with an annualized return of 2.99%, while HYG has yielded a comparatively higher 4.02% annualized return.
VNJUX
-2.46%
-1.08%
-3.78%
1.32%
1.89%
1.53%
2.99%
HYG
3.13%
1.62%
2.33%
9.40%
6.02%
4.66%
4.02%
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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 Rank
VNJUX
HYG
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.
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Dividends
VNJUX vs. HYG - Dividend Comparison
VNJUX's dividend yield for the trailing twelve months is around 3.32%, less than HYG's 5.81% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNJUX Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares | 3.32% | 3.48% | 3.31% | 3.22% | 3.38% | 3.80% | 3.91% | 4.00% | 4.15% | 4.62% | 3.79% | 4.04% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.81% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% | 5.69% |
Drawdowns
VNJUX vs. HYG - Drawdown Comparison
The maximum VNJUX drawdown since its inception was -15.62%, 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.
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Volatility
VNJUX vs. HYG - Volatility Comparison
The current volatility for Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) is 0.85%, while iShares iBoxx $ High Yield Corporate Bond ETF (HYG) has a volatility of 1.48%. This indicates that VNJUX experiences smaller price fluctuations and is considered to be less risky than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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