VNJUX vs. USHY
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) and iShares Broad USD High Yield Corporate Bond ETF (USHY).
VNJUX is managed by Vanguard. It was launched on May 14, 2001. USHY is a passively managed fund by iShares that tracks the performance of the ICE BofA US High Yield Constrained. It was launched on Oct 25, 2017.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNJUX or USHY.
Key characteristics
| VNJUX | USHY | |
|---|---|---|
| YTD Return | 2.05% | 8.93% |
| 1Y Return | 9.38% | 15.38% |
| 3Y Return (Ann) | -0.33% | 2.98% |
| 5Y Return (Ann) | 1.51% | 4.46% |
| Sharpe Ratio | 2.39 | 3.29 |
| Sortino Ratio | 3.60 | 5.23 |
| Omega Ratio | 1.53 | 1.67 |
| Calmar Ratio | 0.93 | 2.64 |
| Martin Ratio | 9.79 | 26.13 |
| Ulcer Index | 0.96% | 0.56% |
| Daily Std Dev | 3.92% | 4.48% |
| Max Drawdown | -16.13% | -22.44% |
| Current Drawdown | -1.71% | 0.00% |
Correlation
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.
Performance
VNJUX vs. USHY - Performance Comparison
In the year-to-date period, VNJUX achieves a 2.05% return, which is significantly lower than USHY's 8.93% 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. 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%.
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.
Dividends
VNJUX vs. USHY - Dividend Comparison
VNJUX's dividend yield for the trailing twelve months is around 3.45%, less than USHY's 6.65% 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% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.65% | 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.
Volatility
VNJUX vs. USHY - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) has a higher volatility of 1.93% compared to iShares Broad USD High Yield Corporate Bond ETF (USHY) at 0.97%. 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.