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

Performance

VNJUX vs. VBTLX - 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 Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%8.00%JuneJulyAugustSeptemberOctoberNovember
4.03%
3.27%
VNJUX
VBTLX

Returns By Period

In the year-to-date period, VNJUX achieves a 2.41% return, which is significantly higher than VBTLX's 1.37% return. Over the past 10 years, VNJUX has outperformed VBTLX with an annualized return of 2.80%, while VBTLX has yielded a comparatively lower 1.32% annualized return.


VNJUX

YTD

2.41%

1M

1.45%

6M

4.04%

1Y

7.47%

5Y (annualized)

1.46%

10Y (annualized)

2.80%

VBTLX

YTD

1.37%

1M

-0.52%

6M

3.27%

1Y

6.22%

5Y (annualized)

-0.35%

10Y (annualized)

1.32%

Key characteristics


VNJUXVBTLX
Sharpe Ratio1.961.10
Sortino Ratio2.901.64
Omega Ratio1.421.20
Calmar Ratio0.910.42
Martin Ratio7.503.49
Ulcer Index1.00%1.78%
Daily Std Dev3.82%5.64%
Max Drawdown-16.13%-19.05%
Current Drawdown-1.36%-9.27%

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VNJUX vs. VBTLX - Expense Ratio Comparison

VNJUX has a 0.09% expense ratio, which is higher than VBTLX's 0.05% 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%.


VNJUX
Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares
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%
Expense ratio chart for VBTLX: current value at 0.05% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.05%

Correlation

-0.50.00.51.00.6

The correlation between VNJUX and VBTLX is 0.58, 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.

Risk-Adjusted Performance

VNJUX vs. VBTLX - 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 Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX). 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-1.000.001.002.003.004.005.001.961.10
The chart of Sortino ratio for VNJUX, currently valued at 2.90, compared to the broader market0.005.0010.002.901.64
The chart of Omega ratio for VNJUX, currently valued at 1.42, compared to the broader market1.002.003.004.001.421.20
The chart of Calmar ratio for VNJUX, currently valued at 0.91, compared to the broader market0.005.0010.0015.0020.000.910.42
The chart of Martin ratio for VNJUX, currently valued at 7.50, compared to the broader market0.0020.0040.0060.0080.00100.007.503.49
VNJUX
VBTLX

The current VNJUX Sharpe Ratio is 1.96, which is higher than the VBTLX Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of VNJUX and VBTLX, 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 Ratio0.000.501.001.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
1.96
1.10
VNJUX
VBTLX

Dividends

VNJUX vs. VBTLX - Dividend Comparison

VNJUX's dividend yield for the trailing twelve months is around 3.43%, less than VBTLX's 3.60% 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%
VBTLX
Vanguard Total Bond Market Index Fund Admiral Shares
3.60%3.11%2.51%1.90%2.23%2.74%2.78%2.51%2.49%2.48%2.55%2.56%

Drawdowns

VNJUX vs. VBTLX - Drawdown Comparison

The maximum VNJUX drawdown since its inception was -16.13%, smaller than the maximum VBTLX drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for VNJUX and VBTLX. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.36%
-9.27%
VNJUX
VBTLX

Volatility

VNJUX vs. VBTLX - Volatility Comparison

Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) has a higher volatility of 1.66% compared to Vanguard Total Bond Market Index Fund Admiral Shares (VBTLX) at 1.47%. This indicates that VNJUX's price experiences larger fluctuations and is considered to be riskier than VBTLX 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%
1.47%
VNJUX
VBTLX