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.
Performance
VNJUX vs. USHY - Performance Comparison
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VNJUX vs. USHY - 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% | 1.71% |
USHY iShares Broad USD High Yield Corporate Bond ETF | -0.05% | 8.81% | 8.45% | 12.73% | -11.18% | 5.02% | 6.17% | 14.24% | -2.41% | 0.16% |
Returns By Period
In the year-to-date period, VNJUX achieves a -0.29% return, which is significantly lower than USHY's -0.05% 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%
USHY
- 1D
- 0.33%
- 1M
- -0.67%
- YTD
- -0.05%
- 6M
- 0.98%
- 1Y
- 7.26%
- 3Y*
- 8.45%
- 5Y*
- 4.21%
- 10Y*
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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%.
Return for Risk
VNJUX vs. USHY — Risk / Return Rank
VNJUX
USHY
VNJUX vs. USHY - 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 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.
| VNJUX | USHY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.95 | 1.32 | -0.37 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.94 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.31 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.15 | 1.91 | -0.76 |
Martin ratioReturn relative to average drawdown | 3.65 | 9.64 | -5.99 |
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 | USHY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.32 | -0.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.30 | 0.58 | -0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.56 | +0.46 |
Correlation
The correlation between VNJUX and USHY is 0.19, 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.
Dividends
VNJUX vs. USHY - Dividend Comparison
VNJUX's dividend yield for the trailing twelve months is around 3.66%, less than USHY's 6.95% 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% |
USHY iShares Broad USD High Yield Corporate Bond ETF | 6.95% | 6.79% | 6.89% | 6.63% | 6.08% | 5.07% | 5.30% | 5.92% | 6.30% | 0.73% | 0.00% | 0.00% |
Drawdowns
VNJUX vs. USHY - Drawdown Comparison
The maximum VNJUX drawdown since its inception was -15.62%, 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.
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Drawdown Indicators
| VNJUX | USHY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.62% | -22.44% | +6.82% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -3.92% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -15.62% | -15.56% | -0.06% |
Max Drawdown (10Y)Largest decline over 10 years | -15.62% | — | — |
Current DrawdownCurrent decline from peak | -2.42% | -1.03% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -2.71% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 0.77% | +0.84% |
Volatility
VNJUX vs. USHY - Volatility Comparison
The current volatility for Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) is 1.27%, while iShares Broad USD High Yield Corporate Bond ETF (USHY) has a volatility of 2.21%. This indicates that VNJUX experiences smaller price fluctuations and is considered to be less risky than USHY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNJUX | USHY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.27% | 2.21% | -0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 1.91% | 2.84% | -0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 5.52% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 7.33% | -2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 8.32% | -3.77% |