VWLTX vs. VNJTX
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.
Key characteristics
| VWLTX | VNJTX | |
|---|---|---|
| YTD Return | 1.92% | 1.97% |
| 1Y Return | 9.24% | 9.29% |
| 3Y Return (Ann) | -0.61% | -0.41% |
| 5Y Return (Ann) | 1.27% | 1.43% |
| 10Y Return (Ann) | 2.56% | 2.67% |
| Sharpe Ratio | 2.33 | 2.37 |
| Sortino Ratio | 3.50 | 3.57 |
| Omega Ratio | 1.54 | 1.53 |
| Calmar Ratio | 0.87 | 0.90 |
| Martin Ratio | 9.81 | 9.64 |
| Ulcer Index | 0.95% | 0.96% |
| Daily Std Dev | 4.01% | 3.91% |
| Max Drawdown | -16.46% | -16.22% |
| Current Drawdown | -2.55% | -1.96% |
Correlation
The correlation between VWLTX and VNJTX is 0.90, 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
VWLTX vs. VNJTX - Performance Comparison
The year-to-date returns for both investments are quite close, with VWLTX having a 1.92% return and VNJTX slightly higher at 1.97%. Both investments have delivered pretty close results over the past 10 years, with VWLTX having a 2.56% annualized return and VNJTX not far ahead at 2.67%. 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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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%.
Risk-Adjusted Performance
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.
Dividends
VWLTX vs. VNJTX - Dividend Comparison
VWLTX's dividend yield for the trailing twelve months is around 3.35%, which matches VNJTX's 3.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VWLTX Vanguard Long-Term Tax-Exempt Fund Investor Shares | 3.35% | 3.09% | 2.91% | 2.56% | 2.79% | 3.14% | 3.43% | 3.44% | 3.64% | 3.67% | 3.79% | 4.07% |
VNJTX Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares | 3.37% | 3.26% | 3.14% | 2.69% | 2.94% | 3.23% | 3.54% | 3.50% | 3.68% | 3.53% | 3.52% | 3.76% |
Drawdowns
VWLTX vs. VNJTX - Drawdown Comparison
The maximum VWLTX drawdown since its inception was -16.46%, roughly equal to the maximum VNJTX drawdown of -16.22%. Use the drawdown chart below to compare losses from any high point for VWLTX and VNJTX. For additional features, visit the drawdowns tool.
Volatility
VWLTX vs. VNJTX - Volatility Comparison
Vanguard Long-Term Tax-Exempt Fund Investor Shares (VWLTX) and Vanguard New Jersey Long-Term Tax-Exempt Fund Investor Shares (VNJTX) have volatilities of 1.93% and 1.93%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.