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VWLTX vs. VNJTX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

VWLTX vs. VNJTX

Last updated May 12, 2025

Compare and contrast key facts about Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX).

VWLTX is managed by Vanguard. It was launched on Sep 1, 1977. VNJTX is managed by Vanguard. It was launched on Feb 3, 1988.

Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VWLTX or VNJTX.

Correlation

The correlation between VWLTX and VNJTX is -0.21. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.

Performance

VWLTX vs. VNJTX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Daily Std Dev

VWLTX:

1.44%

VNJTX:

1.38%

Max Drawdown

VWLTX:

0.00%

VNJTX:

0.00%

Current Drawdown

VWLTX:

0.00%

VNJTX:

0.00%

Returns By Period

VWLTX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

VNJTX

YTD

N/A

1M

N/A

6M

N/A

1Y

N/A

5Y*

N/A

10Y*

N/A

*Annualized

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VWLTX vs. VNJTX - Expense Ratio Comparison

Both VWLTX and VNJTX have an expense ratio of 0.17%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.

VWLTX
Vanguard Long-Term Tax-Exempt Fund Investor Shares
VNJTX
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares

Risk-Adjusted Performance

VWLTX vs. VNJTX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
VWLTX
The Risk-Adjusted Performance Rank of VWLTX is 2525
Overall Rank
The Sharpe Ratio Rank of VWLTX is 2727
Sharpe Ratio Rank
The Sortino Ratio Rank of VWLTX is 2222
Sortino Ratio Rank
The Omega Ratio Rank of VWLTX is 2323
Omega Ratio Rank
The Calmar Ratio Rank of VWLTX is 2727
Calmar Ratio Rank
The Martin Ratio Rank of VWLTX is 2626
Martin Ratio Rank
VNJTX
The Risk-Adjusted Performance Rank of VNJTX is 3030
Overall Rank
The Sharpe Ratio Rank of VNJTX is 3232
Sharpe Ratio Rank
The Sortino Ratio Rank of VNJTX is 2727
Sortino Ratio Rank
The Omega Ratio Rank of VNJTX is 2828
Omega Ratio Rank
The Calmar Ratio Rank of VNJTX is 3333
Calmar Ratio Rank
The Martin Ratio Rank of VNJTX is 3131
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

VWLTX vs. VNJTX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX). 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.

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Dividends

VWLTX vs. VNJTX - Dividend Comparison

VWLTX's dividend yield for the trailing twelve months is around 3.24%, which matches VNJTX's 3.23% yield.

TTM20242023202220212020201920182017201620152014
VWLTX
Vanguard Long-Term Tax-Exempt Fund Investor Shares		3.24%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
VNJTX
Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares		3.23%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

VWLTX vs. VNJTX - Drawdown Comparison

The maximum VWLTX drawdown since its inception was 0.00%, which is greater than VNJTX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VWLTX and VNJTX. For additional features, visit the drawdowns tool.

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Volatility

VWLTX vs. VNJTX - Volatility Comparison

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