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

Performance

VNJUX vs. VWEAX - 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 High-Yield Corporate Fund Admiral Shares (VWEAX). The values are adjusted to include any dividend payments, if applicable.

0.00%2.00%4.00%6.00%JuneJulyAugustSeptemberOctoberNovember
4.03%
5.50%
VNJUX
VWEAX

Returns By Period

In the year-to-date period, VNJUX achieves a 2.41% return, which is significantly lower than VWEAX's 6.09% return. Over the past 10 years, VNJUX has underperformed VWEAX with an annualized return of 2.80%, while VWEAX has yielded a comparatively higher 4.55% annualized return.


VNJUX

YTD

2.41%

1M

1.45%

6M

4.04%

1Y

7.47%

5Y (annualized)

1.46%

10Y (annualized)

2.80%

VWEAX

YTD

6.09%

1M

0.52%

6M

5.51%

1Y

11.06%

5Y (annualized)

3.82%

10Y (annualized)

4.55%

Key characteristics


VNJUXVWEAX
Sharpe Ratio1.963.15
Sortino Ratio2.905.28
Omega Ratio1.421.79
Calmar Ratio0.913.72
Martin Ratio7.5019.35
Ulcer Index1.00%0.57%
Daily Std Dev3.82%3.52%
Max Drawdown-16.13%-30.03%
Current Drawdown-1.36%-0.57%

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VNJUX vs. VWEAX - Expense Ratio Comparison

VNJUX has a 0.09% expense ratio, which is lower than VWEAX's 0.13% 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%.


VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares
Expense ratio chart for VWEAX: current value at 0.13% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.13%
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%

Correlation

-0.50.00.51.00.2

The correlation between VNJUX and VWEAX is 0.21, 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.

Risk-Adjusted Performance

VNJUX vs. VWEAX - 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 High-Yield Corporate Fund Admiral Shares (VWEAX). 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-1.000.001.002.003.004.005.001.963.15
The chart of Sortino ratio for VNJUX, currently valued at 2.90, compared to the broader market0.005.0010.002.905.28
The chart of Omega ratio for VNJUX, currently valued at 1.42, compared to the broader market1.002.003.004.001.421.79
The chart of Calmar ratio for VNJUX, currently valued at 0.91, compared to the broader market0.005.0010.0015.0020.000.913.72
The chart of Martin ratio for VNJUX, currently valued at 7.50, compared to the broader market0.0020.0040.0060.0080.00100.007.5019.35
VNJUX
VWEAX

The current VNJUX Sharpe Ratio is 1.96, which is lower than the VWEAX Sharpe Ratio of 3.15. The chart below compares the historical Sharpe Ratios of VNJUX and VWEAX, 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 Ratio0.501.001.502.002.503.003.504.00JuneJulyAugustSeptemberOctoberNovember
1.96
3.15
VNJUX
VWEAX

Dividends

VNJUX vs. VWEAX - Dividend Comparison

VNJUX's dividend yield for the trailing twelve months is around 3.43%, less than VWEAX's 6.10% 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%
VWEAX
Vanguard High-Yield Corporate Fund Admiral Shares
6.10%5.79%5.20%4.24%4.72%5.32%6.10%5.42%5.49%5.99%5.71%5.89%

Drawdowns

VNJUX vs. VWEAX - Drawdown Comparison

The maximum VNJUX drawdown since its inception was -16.13%, smaller than the maximum VWEAX drawdown of -30.03%. Use the drawdown chart below to compare losses from any high point for VNJUX and VWEAX. For additional features, visit the drawdowns tool.


-6.00%-5.00%-4.00%-3.00%-2.00%-1.00%0.00%JuneJulyAugustSeptemberOctoberNovember
-1.36%
-0.57%
VNJUX
VWEAX

Volatility

VNJUX vs. VWEAX - Volatility Comparison

Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) has a higher volatility of 1.66% compared to Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) at 0.70%. This indicates that VNJUX's price experiences larger fluctuations and is considered to be riskier than VWEAX 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%
0.70%
VNJUX
VWEAX