VNJUX vs. MUB
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) and iShares National AMT-Free Muni Bond ETF (MUB).
VNJUX is managed by Vanguard. It was launched on May 14, 2001. MUB is a passively managed fund by iShares that tracks the performance of the S&P National AMT-Free Municipal Bond Index. It was launched on Sep 7, 2007.
Performance
VNJUX vs. MUB - Performance Comparison
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VNJUX vs. MUB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VNJUX Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares | -0.29% | 4.96% | 2.79% | 7.76% | -10.24% | 2.69% | 6.11% | 9.37% | 1.61% | 8.48% |
MUB iShares National AMT-Free Muni Bond ETF | 0.04% | 3.78% | 1.26% | 5.56% | -7.34% | 1.02% | 5.12% | 7.06% | 0.93% | 4.72% |
Returns By Period
In the year-to-date period, VNJUX achieves a -0.29% return, which is significantly lower than MUB's 0.04% return. Over the past 10 years, VNJUX has outperformed MUB with an annualized return of 3.08%, while MUB has yielded a comparatively lower 2.00% annualized return.
VNJUX
- 1D
- 0.36%
- 1M
- -2.17%
- YTD
- -0.29%
- 6M
- 1.53%
- 1Y
- 4.50%
- 3Y*
- 3.86%
- 5Y*
- 1.37%
- 10Y*
- 3.08%
MUB
- 1D
- 0.42%
- 1M
- -1.55%
- YTD
- 0.04%
- 6M
- 1.52%
- 1Y
- 4.03%
- 3Y*
- 2.67%
- 5Y*
- 0.88%
- 10Y*
- 2.00%
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VNJUX vs. MUB - Expense Ratio Comparison
VNJUX has a 0.09% expense ratio, which is higher than MUB's 0.07% 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%.
Return for Risk
VNJUX vs. MUB — Risk / Return Rank
VNJUX
MUB
VNJUX vs. MUB - Risk-Adjusted Trends 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 National AMT-Free Muni Bond ETF (MUB). 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.
| VNJUX | MUB | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 0.98 | -0.03 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.27 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.33 | -0.18 |
Martin ratioReturn relative to average drawdown | 3.65 | 4.22 | -0.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| VNJUX | MUB | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 0.98 | -0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.22 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | 0.41 | +0.27 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.58 | +0.45 |
Correlation
The correlation between VNJUX and MUB is 0.59, 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.
Dividends
VNJUX vs. MUB - Dividend Comparison
VNJUX's dividend yield for the trailing twelve months is around 3.66%, more than MUB's 3.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNJUX Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares | 3.66% | 4.49% | 4.07% | 3.03% | 3.22% | 2.91% | 3.79% | 4.15% | 4.01% | 4.13% | 4.62% | 3.78% |
MUB iShares National AMT-Free Muni Bond ETF | 3.19% | 3.14% | 3.01% | 2.65% | 2.11% | 1.81% | 2.11% | 2.42% | 2.46% | 2.26% | 2.21% | 2.51% |
Drawdowns
VNJUX vs. MUB - Drawdown Comparison
The maximum VNJUX drawdown since its inception was -15.62%, which is greater than MUB's maximum drawdown of -13.68%. Use the drawdown chart below to compare losses from any high point for VNJUX and MUB.
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Drawdown Indicators
| VNJUX | MUB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.62% | -13.68% | -1.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -3.30% | -1.82% |
Max Drawdown (5Y)Largest decline over 5 years | -15.62% | -11.88% | -3.74% |
Max Drawdown (10Y)Largest decline over 10 years | -15.62% | -13.68% | -1.94% |
Current DrawdownCurrent decline from peak | -2.42% | -1.87% | -0.55% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -2.24% | +0.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.04% | +0.57% |
Volatility
VNJUX vs. MUB - Volatility Comparison
The current volatility for Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) is 1.27%, while iShares National AMT-Free Muni Bond ETF (MUB) has a volatility of 1.56%. This indicates that VNJUX experiences smaller price fluctuations and is considered to be less risky than MUB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNJUX | MUB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 1.56% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 2.07% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 4.15% | +1.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 4.04% | +0.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 4.91% | -0.36% |