VNJUX vs. VMLUX
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) and Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX).
VNJUX is managed by Vanguard. It was launched on May 14, 2001. VMLUX is managed by Vanguard. It was launched on Feb 12, 2001.
Performance
VNJUX vs. VMLUX - Performance Comparison
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VNJUX vs. VMLUX - 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 | -0.64% | 4.96% | 2.79% | 7.76% | -10.24% | 2.69% | 6.11% | 9.37% | 1.61% | 8.48% |
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | -0.12% | 5.50% | 3.25% | 4.29% | -2.90% | 0.23% | 3.38% | 4.21% | 1.64% | 2.13% |
Returns By Period
In the year-to-date period, VNJUX achieves a -0.64% return, which is significantly lower than VMLUX's -0.12% return. Over the past 10 years, VNJUX has outperformed VMLUX with an annualized return of 3.04%, while VMLUX has yielded a comparatively lower 2.06% annualized return.
VNJUX
- 1D
- 0.18%
- 1M
- -2.77%
- YTD
- -0.64%
- 6M
- 1.26%
- 1Y
- 4.60%
- 3Y*
- 3.73%
- 5Y*
- 1.31%
- 10Y*
- 3.04%
VMLUX
- 1D
- 0.00%
- 1M
- -1.53%
- YTD
- -0.12%
- 6M
- 0.59%
- 1Y
- 3.86%
- 3Y*
- 3.78%
- 5Y*
- 2.05%
- 10Y*
- 2.06%
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VNJUX vs. VMLUX - Expense Ratio Comparison
Both VNJUX and VMLUX have an expense ratio of 0.09%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Return for Risk
VNJUX vs. VMLUX — Risk / Return Rank
VNJUX
VMLUX
VNJUX vs. VMLUX - 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 Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX). 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 | VMLUX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.04 | 1.97 | -0.92 |
Sortino ratioReturn per unit of downside risk | 1.42 | 2.95 | -1.52 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.66 | -0.37 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.32 | -1.19 |
Martin ratioReturn relative to average drawdown | 3.61 | 10.14 | -6.52 |
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 | VMLUX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.04 | 1.97 | -0.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.29 | 1.11 | -0.82 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 1.07 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 1.46 | -0.45 |
Correlation
The correlation between VNJUX and VMLUX is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
VNJUX vs. VMLUX - Dividend Comparison
VNJUX's dividend yield for the trailing twelve months is around 3.67%, more than VMLUX's 3.14% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNJUX Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares | 3.67% | 4.49% | 4.07% | 3.03% | 3.22% | 2.91% | 3.79% | 4.15% | 4.01% | 4.13% | 4.62% | 3.78% |
VMLUX Vanguard Limited-Term Tax-Exempt Fund Admiral Shares | 3.14% | 3.85% | 3.38% | 2.39% | 1.64% | 1.04% | 1.70% | 2.10% | 1.89% | 1.65% | 1.62% | 1.58% |
Drawdowns
VNJUX vs. VMLUX - Drawdown Comparison
The maximum VNJUX drawdown since its inception was -15.62%, which is greater than VMLUX's maximum drawdown of -6.41%. Use the drawdown chart below to compare losses from any high point for VNJUX and VMLUX.
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Drawdown Indicators
| VNJUX | VMLUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.62% | -6.41% | -9.21% |
Max Drawdown (1Y)Largest decline over 1 year | -5.12% | -2.02% | -3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -15.62% | -5.60% | -10.02% |
Max Drawdown (10Y)Largest decline over 10 years | -15.62% | -6.41% | -9.21% |
Current DrawdownCurrent decline from peak | -2.77% | -1.53% | -1.24% |
Average DrawdownAverage peak-to-trough decline | -2.05% | -0.54% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 0.46% | +1.15% |
Volatility
VNJUX vs. VMLUX - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) has a higher volatility of 1.19% compared to Vanguard Limited-Term Tax-Exempt Fund Admiral Shares (VMLUX) at 0.50%. This indicates that VNJUX's price experiences larger fluctuations and is considered to be riskier than VMLUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNJUX | VMLUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.19% | 0.50% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 1.88% | 1.03% | +0.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.32% | 2.34% | +2.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.51% | 1.85% | +2.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.55% | 1.92% | +2.63% |