VNJUX vs. VTEAX
Compare and contrast key facts about Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) and Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX).
VNJUX is managed by Vanguard. It was launched on May 14, 2001. VTEAX is managed by Vanguard. It was launched on Aug 25, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VNJUX or VTEAX.
Key characteristics
| VNJUX | VTEAX | |
|---|---|---|
| YTD Return | 2.05% | 1.40% |
| 1Y Return | 8.47% | 6.17% |
| 3Y Return (Ann) | -0.33% | -0.27% |
| 5Y Return (Ann) | 1.44% | 1.17% |
| Sharpe Ratio | 2.39 | 2.19 |
| Sortino Ratio | 3.60 | 3.25 |
| Omega Ratio | 1.53 | 1.52 |
| Calmar Ratio | 1.00 | 0.95 |
| Martin Ratio | 9.64 | 8.53 |
| Ulcer Index | 0.97% | 0.81% |
| Daily Std Dev | 3.92% | 3.15% |
| Max Drawdown | -16.13% | -12.74% |
| Current Drawdown | -1.71% | -1.56% |
Correlation
The correlation between VNJUX and VTEAX is 0.87, 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.
Performance
VNJUX vs. VTEAX - Performance Comparison
In the year-to-date period, VNJUX achieves a 2.05% return, which is significantly higher than VTEAX's 1.40% 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. VTEAX - Expense Ratio Comparison
Both VNJUX and VTEAX 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%.
Risk-Adjusted Performance
VNJUX vs. VTEAX - 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 Tax-Exempt Bond Index Fund Admiral Shares (VTEAX). 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. VTEAX - Dividend Comparison
VNJUX's dividend yield for the trailing twelve months is around 3.45%, more than VTEAX's 3.07% 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% |
VTEAX Vanguard Tax-Exempt Bond Index Fund Admiral Shares | 3.07% | 2.75% | 2.06% | 1.61% | 1.97% | 2.28% | 2.24% | 0.34% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VNJUX vs. VTEAX - Drawdown Comparison
The maximum VNJUX drawdown since its inception was -16.13%, which is greater than VTEAX's maximum drawdown of -12.74%. Use the drawdown chart below to compare losses from any high point for VNJUX and VTEAX. For additional features, visit the drawdowns tool.
Volatility
VNJUX vs. VTEAX - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) has a higher volatility of 1.92% compared to Vanguard Tax-Exempt Bond Index Fund Admiral Shares (VTEAX) at 1.61%. This indicates that VNJUX's price experiences larger fluctuations and is considered to be riskier than VTEAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.