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Fidelity Government Money Market Fund (SPAXX)
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Fund Info

ISINUS31617H1023
IssuerFidelity
Inception DateFeb 5, 1990
CategoryMoney Market
Min. Investment$0
Asset ClassBond

Share Price Chart


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Compare to other instruments

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Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Fidelity Government Money Market Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.


0.00%5.00%10.00%15.00%JuneJulyAugustSeptemberOctoberNovember0
14.83%
SPAXX (Fidelity Government Money Market Fund)
Benchmark (^GSPC)

Returns By Period

Fidelity Government Money Market Fund had a return of 0.86% year-to-date (YTD) and 1.27% in the last 12 months. Over the past 10 years, Fidelity Government Money Market Fund had an annualized return of 0.78%, while the S&P 500 had an annualized return of 11.41%, indicating that Fidelity Government Money Market Fund did not perform as well as the benchmark.


PeriodReturnBenchmark
Year-To-Date0.86%25.70%
1 month0.00%3.51%
6 months0.00%14.80%
1 year1.27%37.91%
5 years (annualized)1.43%14.18%
10 years (annualized)0.78%11.41%

Monthly Returns

The table below presents the monthly returns of SPAXX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
20240.86%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.86%
20230.64%0.33%0.37%0.00%0.77%0.39%0.40%0.43%0.00%0.84%0.41%0.00%4.67%
20220.00%0.00%0.00%0.00%0.03%0.05%0.00%0.26%0.17%0.21%0.28%0.00%1.00%
20210.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.01%
20200.10%0.10%0.05%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.26%
20190.00%0.00%0.00%0.00%0.00%0.17%0.16%0.16%0.14%0.13%0.12%0.11%0.99%
20180.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
20170.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
20160.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
20150.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
20140.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
20130.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Risk-Adjusted Performance

Risk-Adjusted Performance Indicators

The charts below present risk-adjusted performance metrics for Fidelity Government Money Market Fund (SPAXX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.


SPAXX
Sharpe ratio
The chart of Sharpe ratio for SPAXX, currently valued at 2.27, compared to the broader market0.002.004.002.27
Sortino ratio
No data
^GSPC
Sharpe ratio
The chart of Sharpe ratio for ^GSPC, currently valued at 2.97, compared to the broader market0.002.004.002.97
Sortino ratio
The chart of Sortino ratio for ^GSPC, currently valued at 3.97, compared to the broader market0.005.0010.003.97
Omega ratio
The chart of Omega ratio for ^GSPC, currently valued at 1.56, compared to the broader market1.002.003.004.001.56
Calmar ratio
The chart of Calmar ratio for ^GSPC, currently valued at 3.93, compared to the broader market0.005.0010.0015.0020.003.93
Martin ratio
The chart of Martin ratio for ^GSPC, currently valued at 19.39, compared to the broader market0.0020.0040.0060.0080.00100.0019.39

Sharpe Ratio

The current Fidelity Government Money Market Fund Sharpe ratio is 2.27. This value is calculated based on the past 1 year of trading data and takes into account price changes and dividends.

Use the chart below to compare the Sharpe ratio of Fidelity Government Money Market Fund with the selected benchmark, providing insights into the investment's historical performance in terms of risk-adjusted returns. Go to the Sharpe ratio tool for more fine-grained control over the calculation options.


Rolling 12-month Sharpe Ratio1.502.002.503.003.50JuneJulyAugustSeptemberOctoberNovember
2.27
2.97
SPAXX (Fidelity Government Money Market Fund)
Benchmark (^GSPC)

Dividends

Dividend History

Fidelity Government Money Market Fund provided a 4.93% dividend yield over the last twelve months, with an annual payout of $0.05 per share. The fund has been increasing its distributions for 2 consecutive years.


0.00%1.00%2.00%3.00%4.00%5.00%$0.00$0.01$0.02$0.03$0.04$0.052017201820192020202120222023
Dividends
Dividend Yield
PeriodTTM2023202220212020201920182017
Dividend$0.05$0.05$0.01$0.00$0.00$0.01$0.00$0.00

Dividend yield

4.93%4.68%1.30%0.01%0.26%0.98%0.00%0.00%

Monthly Dividends

The table displays the monthly dividend distributions for Fidelity Government Money Market Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.


JanFebMarAprMayJunJulAugSepOctNovDecTotal
2024$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.04
2023$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.05
2022$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01
2021$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2020$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2019$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.01
2018$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00$0.00
2017$0.00$0.00$0.00$0.00$0.00

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.


-8.00%-6.00%-4.00%-2.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
SPAXX (Fidelity Government Money Market Fund)
Benchmark (^GSPC)

Worst Drawdowns

The table below displays the maximum drawdowns of the Fidelity Government Money Market Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The portfolio has not yet recovered.


Depth

Start

To Bottom

Bottom

To Recover

End

Total

Volatility

Volatility Chart

The current Fidelity Government Money Market Fund volatility is 0.00%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.


0.00%1.00%2.00%3.00%4.00%5.00%6.00%JuneJulyAugustSeptemberOctoberNovember0
3.92%
SPAXX (Fidelity Government Money Market Fund)
Benchmark (^GSPC)