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VNJUX vs. USHY
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

VNJUX vs. USHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) and iShares Broad USD High Yield Corporate Bond ETF (USHY). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.03%
6.08%
VNJUX
USHY

Returns By Period

In the year-to-date period, VNJUX achieves a 2.41% return, which is significantly lower than USHY's 8.47% return.


VNJUX

YTD

2.41%

1M

1.45%

6M

4.04%

1Y

7.47%

5Y (annualized)

1.46%

10Y (annualized)

2.80%

USHY

YTD

8.47%

1M

0.90%

6M

6.08%

1Y

12.90%

5Y (annualized)

4.40%

10Y (annualized)

N/A

Key characteristics


VNJUXUSHY
Sharpe Ratio1.962.97
Sortino Ratio2.904.67
Omega Ratio1.421.59
Calmar Ratio0.913.22
Martin Ratio7.5022.63
Ulcer Index1.00%0.57%
Daily Std Dev3.82%4.34%
Max Drawdown-16.13%-22.44%
Current Drawdown-1.36%-0.43%

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VNJUX vs. USHY - Expense Ratio Comparison

VNJUX has a 0.09% expense ratio, which is lower than USHY'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%.


USHY
iShares Broad USD High Yield Corporate Bond ETF
Expense ratio chart for USHY: current value at 0.15% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.15%
Expense ratio chart for VNJUX: current value at 0.09% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.09%

Correlation

-0.50.00.51.00.2

The correlation between VNJUX and USHY is 0.17, 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.

Risk-Adjusted Performance

VNJUX vs. USHY - 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 Broad USD High Yield Corporate Bond ETF (USHY). 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.


Sharpe ratio
The chart of Sharpe ratio for VNJUX, currently valued at 1.96, compared to the broader market-1.000.001.002.003.004.005.001.962.97
The chart of Sortino ratio for VNJUX, currently valued at 2.90, compared to the broader market0.005.0010.002.904.67
The chart of Omega ratio for VNJUX, currently valued at 1.42, compared to the broader market1.002.003.004.001.421.59
The chart of Calmar ratio for VNJUX, currently valued at 0.91, compared to the broader market0.005.0010.0015.0020.000.913.22
The chart of Martin ratio for VNJUX, currently valued at 7.50, compared to the broader market0.0020.0040.0060.0080.00100.007.5022.63
VNJUX
USHY

The current VNJUX Sharpe Ratio is 1.96, which is lower than the USHY Sharpe Ratio of 2.97. The chart below compares the historical Sharpe Ratios of VNJUX and USHY, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.501.001.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
1.96
2.97
VNJUX
USHY

Dividends

VNJUX vs. USHY - Dividend Comparison

VNJUX's dividend yield for the trailing twelve months is around 3.43%, less than USHY's 6.68% yield.


TTM20232022202120202019201820172016201520142013
VNJUX
Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares
3.43%3.31%3.22%2.77%3.01%3.33%3.60%3.60%3.79%3.61%3.61%3.84%
USHY
iShares Broad USD High Yield Corporate Bond ETF
6.68%6.62%6.08%5.07%5.31%5.91%6.30%0.73%0.00%0.00%0.00%0.00%

Drawdowns

VNJUX vs. USHY - Drawdown Comparison

The maximum VNJUX drawdown since its inception was -16.13%, smaller than the maximum USHY drawdown of -22.44%. Use the drawdown chart below to compare losses from any high point for VNJUX and USHY. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.36%
-0.43%
VNJUX
USHY

Volatility

VNJUX vs. USHY - Volatility Comparison

Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) has a higher volatility of 1.66% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 0.92%. This indicates that VNJUX's price experiences larger fluctuations and is considered to be riskier than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.50%1.00%1.50%2.00%JuneJulyAugustSeptemberOctoberNovember
1.66%
0.92%
VNJUX
USHY