WITAX vs. MUJ
WITAX (Segall Bryant & Hamill Municipal Opportunities Fund) and MUJ (BlackRock MuniHoldings New Jersey Quality Fund) are both Municipal Bonds funds. Over the past 5 years, WITAX returned 0.95%/yr vs -0.02%/yr for MUJ. At a 0.39 correlation, their price movements are largely independent. WITAX charges 0.50%/yr vs 2.26%/yr for MUJ.
Performance
WITAX vs. MUJ - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, WITAX achieves a 1.63% return, which is significantly lower than MUJ's 4.64% return.
WITAX
- 1D
- 0.20%
- 1M
- 0.79%
- YTD
- 1.63%
- 6M
- 1.98%
- 1Y
- 6.63%
- 3Y*
- 4.72%
- 5Y*
- 0.95%
- 10Y*
- —
MUJ
- 1D
- -0.49%
- 1M
- 1.10%
- YTD
- 4.64%
- 6M
- 4.23%
- 1Y
- 18.31%
- 3Y*
- 8.52%
- 5Y*
- -0.02%
- 10Y*
- 2.47%
WITAX vs. MUJ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
WITAX Segall Bryant & Hamill Municipal Opportunities Fund | 1.63% | 5.32% | 3.09% | 5.50% | -11.11% | 2.87% | 6.71% | 7.20% | 1.46% | 8.57% |
MUJ BlackRock MuniHoldings New Jersey Quality Fund | 4.64% | 13.86% | 2.28% | 7.55% | -26.31% | 15.20% | 5.95% | 18.95% | -8.49% | 9.29% |
Correlation
The correlation between WITAX and MUJ is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2017 | 0.39 |
The correlation between WITAX and MUJ shifts across timeframes, from 0.33 (1 year) to 0.49 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
WITAX vs. MUJ — Risk / Return Rank
WITAX
MUJ
WITAX vs. MUJ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) and BlackRock MuniHoldings New Jersey Quality Fund (MUJ). 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.
| WITAX | MUJ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.50 | ||
| Sortino ratioReturn per unit of downside risk | +2.68 | ||
| Omega ratioGain probability vs. loss probability | 1.90 | 1.41 | +0.49 |
| Calmar ratioReturn relative to maximum drawdown | 3.29 | 1.96 | +1.33 |
| Martin ratioReturn relative to average drawdown | 12.49 | 7.91 | +4.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| WITAX | MUJ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.58 | 2.09 | +1.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | -0.00 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.22 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 0.35 | +0.67 |
Drawdowns
WITAX vs. MUJ - Drawdown Comparison
The maximum WITAX drawdown since its inception was -13.87%, smaller than the maximum MUJ drawdown of -41.72%. Use the drawdown chart below to compare losses from any high point for WITAX and MUJ.
Loading charts...
Drawdown Indicators
| WITAX | MUJ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.87% | -41.72% | +27.85% |
Max Drawdown (1Y)Largest decline over 1 year | -2.02% | -9.41% | +7.39% |
Max Drawdown (3Y)Largest decline over 3 years | -3.27% | -12.17% | +8.90% |
Max Drawdown (5Y)Largest decline over 5 years | -13.87% | -32.71% | +18.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -32.71% | — |
Current DrawdownCurrent decline from peak | -0.15% | -3.46% | +3.31% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -9.04% | +6.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.53% | 2.32% | -1.79% |
Volatility
WITAX vs. MUJ - Volatility Comparison
The current volatility for Segall Bryant & Hamill Municipal Opportunities Fund (WITAX) is 0.76%, while BlackRock MuniHoldings New Jersey Quality Fund (MUJ) has a volatility of 2.82%. This indicates that WITAX experiences smaller price fluctuations and is considered to be less risky than MUJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| WITAX | MUJ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.76% | 2.82% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 1.41% | 6.90% | -5.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.86% | 8.82% | -6.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.91% | 10.35% | -7.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.11% | 11.20% | -8.09% |
WITAX vs. MUJ - Expense Ratio Comparison
WITAX has a 0.50% expense ratio, which is lower than MUJ's 2.26% expense ratio.
Dividends
WITAX vs. MUJ - Dividend Comparison
WITAX's dividend yield for the trailing twelve months is around 3.18%, less than MUJ's 5.32% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MUJ BlackRock MuniHoldings New Jersey Quality Fund | 5.32% | 5.45% | 5.53% | 4.13% | 6.40% | 4.77% | 4.78% | 4.03% | 5.34% | 5.55% | 6.00% | 5.69% |
WITAX Segall Bryant & Hamill Municipal Opportunities Fund | 3.18% | 3.49% | 3.68% | 3.61% | 3.17% | 2.75% | 3.30% | 4.19% | 3.56% | 3.76% | 0.00% | 0.00% |
Frequently Asked Questions
WITAX and MUJ have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MUJ has higher volatility (2.82%) compared to WITAX (0.76%). In terms of maximum drawdown, WITAX dropped -13.87% vs MUJ's -41.72%.
WITAX currently has the higher Sharpe Ratio (3.58 vs 2.09), 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.
Find the right allocation for WITAX and MUJ
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer