VNJUX vs. VWSUX
VNJUX (Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares) and VWSUX (Vanguard Ultra-Short-Term Tax-Exempt Fund Admiral Shares) are both Municipal Bonds funds from Vanguard. Over the past 10 years, VNJUX returned 2.78%/yr vs 1.96%/yr for VWSUX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.09% expense ratio.
Performance
VNJUX vs. VWSUX - Performance Comparison
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Returns By Period
In the year-to-date period, VNJUX achieves a 0.49% return, which is significantly lower than VWSUX's 1.14% return. Over the past 10 years, VNJUX has outperformed VWSUX with an annualized return of 2.78%, while VWSUX has yielded a comparatively lower 1.96% annualized return.
VNJUX
- 1D
- -0.35%
- 1M
- -2.26%
- 6M
- -0.25%
- YTD
- 0.49%
- 1Y
- 6.06%
- 3Y*
- 3.92%
- 5Y*
- 0.93%
- 10Y*
- 2.78%
- ALL TIME*
- 3.95%
VWSUX
- 1D
- 0.00%
- 1M
- -0.32%
- 6M
- 0.65%
- YTD
- 1.14%
- 1Y
- 2.63%
- 3Y*
- 3.96%
- 5Y*
- 2.51%
- 10Y*
- 1.96%
- ALL TIME*
- 1.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
VNJUX vs. VWSUX - 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 | 0.49% | 4.96% | 2.79% | 7.76% | -10.24% | 2.69% | 6.11% | 9.37% | 1.61% | 8.48% |
VWSUX Vanguard Ultra-Short-Term Tax-Exempt Fund Admiral Shares | 1.14% | 4.90% | 3.77% | 3.70% | -0.73% | 0.19% | 1.91% | 2.59% | 1.67% | 1.10% |
Correlation
The correlation between VNJUX and VWSUX is 0.65, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.65 |
Correlation (3Y) Balances recent behavior with more history. | 0.72 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.64 |
Correlation (All Time) Calculated using the full available price history since May 14, 2001 | 0.60 |
The correlation between VNJUX and VWSUX shifts across timeframes, from 0.60 (all time) to 0.72 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VNJUX vs. VWSUX — Risk / Return Rank
VNJUX
VWSUX
VNJUX vs. VWSUX - 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 Ultra-Short-Term Tax-Exempt Fund Admiral Shares (VWSUX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| VNJUX | VWSUX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -2.79 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 2.06 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 4.41 | -1.99 |
| Martin ratioReturn relative to average drawdown | 8.27 | 18.45 | -10.18 |
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Drawdowns
VNJUX vs. VWSUX - Drawdown Comparison
The maximum VNJUX drawdown since its inception was -15.62%, which is greater than VWSUX's maximum drawdown of -3.08%. Use the drawdown chart below to compare losses from any high point for VNJUX and VWSUX.
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Drawdown Indicators
| VNJUX | VWSUX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.62% | -3.08% | -12.54% |
Max Drawdown (1Y)Largest decline over 1 year | -2.94% | -0.69% | -2.25% |
Max Drawdown (3Y)Largest decline over 3 years | -5.80% | -1.01% | -4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -15.62% | -2.23% | -13.39% |
Max Drawdown (10Y)Largest decline over 10 years | -15.62% | -3.08% | -12.54% |
Current DrawdownCurrent decline from peak | -2.26% | -0.32% | -1.94% |
Average DrawdownAverage peak-to-trough decline | -2.04% | -0.15% | -1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.86% | 0.16% | +0.70% |
Volatility
VNJUX vs. VWSUX - Volatility Comparison
Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares (VNJUX) has a higher volatility of 1.09% compared to Vanguard Ultra-Short-Term Tax-Exempt Fund Admiral Shares (VWSUX) at 0.20%. This indicates that VNJUX's price experiences larger fluctuations and is considered to be riskier than VWSUX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VNJUX | VWSUX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.09% | 0.20% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 0.85% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.14% | 1.14% | +2.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.58% | 1.24% | +3.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.57% | 1.13% | +3.44% |
VNJUX vs. VWSUX - Expense Ratio Comparison
Both VNJUX and VWSUX 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%.
Dividends
VNJUX vs. VWSUX - Dividend Comparison
VNJUX's dividend yield for the trailing twelve months is around 3.39%, more than VWSUX's 2.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VNJUX Vanguard New Jersey Long-Term Tax-Exempt Fund Admiral Shares | 3.39% | 4.49% | 4.07% | 3.03% | 3.22% | 2.91% | 3.79% | 4.15% | 4.01% | 4.13% | 4.62% | 3.78% |
VWSUX Vanguard Ultra-Short-Term Tax-Exempt Fund Admiral Shares | 2.86% | 4.00% | 3.82% | 2.27% | 1.24% | 0.63% | 1.26% | 1.79% | 1.53% | 1.16% | 0.97% | 0.78% |
Frequently Asked Questions
VNJUX and VWSUX have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VNJUX has higher volatility (1.09%) compared to VWSUX (0.20%). In terms of maximum drawdown, VNJUX dropped -15.62% vs VWSUX's -3.08%.
VWSUX currently has the higher Sharpe Ratio (2.68 vs 2.26), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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