Fidelity Government Money Market Fund (SPAXX) belongs to the Money Market category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with SPAXX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to SPAXX
SPAXX charges 0.42% annually. There are 5 mutual funds in the Money Market category with lower expense ratios, going as low as 0.07%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Treasury Money Market Fund | 0.07% | 0.00 | Dec 1992 | SPAXX vs VUSXX | |
| Vanguard Cash Reserves Federal Money Market Fund A... | 0.10% | 0.00 | Oct 1989 | SPAXX vs VMRXX | |
| Vanguard Federal Money Market Fund | 0.11% | 0.00 | Jul 1981 | SPAXX vs VMFXX | |
| Schwab Prime Advantage Money Fund Investor Shares | 0.34% | 247.33B | Apr 1992 | SPAXX vs SWVXX | |
| Schwab U.S. Treasury Money Fund | 0.34% | — | Jan 2018 | SPAXX vs SNSXX |
Top Performing SPAXX Alternatives (YTD)
SPAXX is at 1.64% YTD. There are 5 mutual funds in the Money Market category with higher YTD returns, going as high as 1.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Treasury Money Market Fund | 1.82% | 0.00 | Dec 1992 | SPAXX vs VUSXX | |
| Vanguard Cash Reserves Federal Money Market Fund A... | 1.80% | 0.00 | Oct 1989 | SPAXX vs VMRXX | |
| Vanguard Federal Money Market Fund | 1.80% | 0.00 | Jul 1981 | SPAXX vs VMFXX | |
| Schwab Prime Advantage Money Fund Investor Shares | 1.74% | 247.33B | Apr 1992 | SPAXX vs SWVXX | |
| Schwab U.S. Treasury Money Fund | 1.68% | — | Jan 2018 | SPAXX vs SNSXX |
Lowest Volatility Alternatives to SPAXX
SPAXX has 0.96% 1-year volatility. No mutual funds in the Money Market category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 0.99%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Schwab U.S. Treasury Money Fund | 0.99% | — | Jan 2018 | SPAXX vs SNSXX | |
| Schwab Prime Advantage Money Fund Investor Shares | 1.03% | 247.33B | Apr 1992 | SPAXX vs SWVXX | |
| Vanguard Treasury Money Market Fund | 1.05% | 0.00 | Dec 1992 | SPAXX vs VUSXX | |
| Vanguard Cash Reserves Federal Money Market Fund A... | 1.05% | 0.00 | Oct 1989 | SPAXX vs VMRXX | |
| Vanguard Federal Money Market Fund | 1.05% | 0.00 | Jul 1981 | SPAXX vs VMFXX |
Lowest Drawdown Alternatives to SPAXX
SPAXX has a 1-year max drawdown of 0.00%. No mutual funds in the Money Market category have shallower 1-year drawdowns; the lowest-drawdown alternatives shown here go as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Treasury Money Market Fund | 0.00% | 0.00 | Dec 1992 | SPAXX vs VUSXX | |
| Vanguard Cash Reserves Federal Money Market Fund A... | 0.00% | 0.00 | Oct 1989 | SPAXX vs VMRXX | |
| Vanguard Federal Money Market Fund | 0.00% | 0.00 | Jul 1981 | SPAXX vs VMFXX | |
| Schwab Prime Advantage Money Fund Investor Shares | 0.00% | 247.33B | Apr 1992 | SPAXX vs SWVXX | |
| Schwab U.S. Treasury Money Fund | 0.00% | — | Jan 2018 | SPAXX vs SNSXX |
Other Mutual Funds from Fidelity
The 10 most viewed Fidelity mutual funds shown here include FXAIX, FSELX, FZROX and span 6 categories. AUM among these funds goes as high as $176B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity 500 Index Fund | S&P 500 | 75 | 11.76% | — | Feb 1988 | SPAXX vs FXAIX | |
| Fidelity Select Semiconductors Portfolio | Semiconductors, Technology Equities | 82 | 51.40% | — | Jul 1985 | SPAXX vs FSELX | |
| Fidelity ZERO Total Market Index Fund | Large Cap Blend Equities | 76 | 12.27% | — | — | SPAXX vs FZROX | |
| Fidelity Total Market Index Fund | Large Cap Blend Equities | 75 | 12.20% | — | — | SPAXX vs FSKAX | |
| Fidelity Large Cap Growth Index Fund | Large Cap Growth Equities | 17 | 2.47% | — | — | SPAXX vs FSPGX | |
| Fidelity Blue Chip Growth Fund | Large Cap Growth Equities | 49 | 13.81% | — | Dec 1987 | SPAXX vs FBGRX | |
| Fidelity Contrafund | Large Cap Growth Equities | 33 | 9.08% | 176.32B | May 1967 | SPAXX vs FCNTX | |
| Fidelity ZERO Large Cap Index Fund | Large Cap Blend Equities | 72 | 11.48% | — | — | SPAXX vs FNILX | |
| Fidelity International Index Fund | Foreign Large Cap Equities | 64 | 12.40% | — | Nov 1997 | SPAXX vs FSPSX | |
| Fidelity Total International Index Fund | Foreign Large Cap Equities | 71 | 13.68% | — | Jun 2016 | SPAXX vs FTIHX |
Often Compared With SPAXX
Investors most often compare SPAXX with SGOV, BIL, BND. These 20 comparison targets span 16 categories, based on PortfoliosLab usage data.
Compare SPAXX with Any Fund or Stock
Compare SPAXX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair SPAXX with funds that move differently
Fidelity Government Money Market Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to SPAXX.
Explore SPAXX Diversifiers