Vanguard Federal Money Market Fund (VMFXX) 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 VMFXX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to VMFXX
VMFXX charges 0.11% annually. There are 2 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 | VMFXX vs VUSXX | |
| Vanguard Cash Reserves Federal Money Market Fund A... | 0.10% | 0.00 | Oct 1989 | VMFXX vs VMRXX | |
| Schwab Prime Advantage Money Fund Investor Shares | 0.34% | 247.33B | Apr 1992 | VMFXX vs SWVXX | |
| Schwab U.S. Treasury Money Fund | 0.34% | — | Jan 2018 | VMFXX vs SNSXX | |
| Fidelity Government Money Market Fund | 0.42% | 437.41B | Feb 1990 | VMFXX vs SPAXX |
Top Performing VMFXX Alternatives (YTD)
VMFXX is at 1.80% YTD. There is 1 mutual fund in the Money Market category with a higher YTD return, going as high as 1.82%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard Treasury Money Market Fund | 1.82% | 0.00 | Dec 1992 | VMFXX vs VUSXX | |
| Vanguard Cash Reserves Federal Money Market Fund A... | 1.80% | 0.00 | Oct 1989 | VMFXX vs VMRXX | |
| Schwab Prime Advantage Money Fund Investor Shares | 1.74% | 247.33B | Apr 1992 | VMFXX vs SWVXX | |
| Schwab U.S. Treasury Money Fund | 1.68% | — | Jan 2018 | VMFXX vs SNSXX | |
| Fidelity Government Money Market Fund | 1.64% | 437.41B | Feb 1990 | VMFXX vs SPAXX |
Lowest Volatility Alternatives to VMFXX
VMFXX has 1.10% 1-year volatility. There are 3 mutual funds in the Money Market category with lower 1-year volatility, going as low as 1.02%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Fidelity Government Money Market Fund | 1.02% | 437.41B | Feb 1990 | VMFXX vs SPAXX | |
| Schwab U.S. Treasury Money Fund | 1.04% | — | Jan 2018 | VMFXX vs SNSXX | |
| Schwab Prime Advantage Money Fund Investor Shares | 1.09% | 247.33B | Apr 1992 | VMFXX vs SWVXX | |
| Vanguard Cash Reserves Federal Money Market Fund A... | 1.10% | 0.00 | Oct 1989 | VMFXX vs VMRXX | |
| Vanguard Treasury Money Market Fund | 1.11% | 0.00 | Dec 1992 | VMFXX vs VUSXX |
Lowest Drawdown Alternatives to VMFXX
VMFXX 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 Cash Reserves Federal Money Market Fund A... | 0.00% | 0.00 | Oct 1989 | VMFXX vs VMRXX | |
| Schwab Prime Advantage Money Fund Investor Shares | 0.00% | 247.33B | Apr 1992 | VMFXX vs SWVXX | |
| Vanguard Treasury Money Market Fund | 0.00% | 0.00 | Dec 1992 | VMFXX vs VUSXX | |
| Fidelity Government Money Market Fund | 0.00% | 437.41B | Feb 1990 | VMFXX vs SPAXX | |
| Schwab U.S. Treasury Money Fund | 0.00% | — | Jan 2018 | VMFXX vs SNSXX |
Other Mutual Funds from Vanguard
The 10 most viewed Vanguard mutual funds shown here include VTSAX, VFIAX, VTIAX and span 8 categories. AUM among these funds goes as high as $2T.
Often Compared With VMFXX
Investors most often compare VMFXX with SGOV, BND, VOO. These 20 comparison targets span 13 categories, based on PortfoliosLab usage data.
Compare VMFXX with Any Fund or Stock
Compare VMFXX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair VMFXX with funds that move differently
Vanguard Federal Money Market Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to VMFXX.
Explore VMFXX Diversifiers