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FDRXX vs. FFXSX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between FDRXX and FFXSX is -0.02. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.


Performance

FDRXX vs. FFXSX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Government Cash Reserves (FDRXX) and Fidelity Limited Term Government Fund (FFXSX). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

FDRXX:

3.04

FFXSX:

1.93

Ulcer Index

FDRXX:

0.00%

FFXSX:

0.75%

Daily Std Dev

FDRXX:

1.29%

FFXSX:

2.62%

Max Drawdown

FDRXX:

0.00%

FFXSX:

-9.71%

Current Drawdown

FDRXX:

0.00%

FFXSX:

-0.72%

Returns By Period

In the year-to-date period, FDRXX achieves a 0.65% return, which is significantly lower than FFXSX's 1.95% return. Over the past 10 years, FDRXX has outperformed FFXSX with an annualized return of 1.29%, while FFXSX has yielded a comparatively lower 1.00% annualized return.


FDRXX

YTD

0.65%

1M

0.00%

6M

1.39%

1Y

3.93%

5Y*

2.32%

10Y*

1.29%

FFXSX

YTD

1.95%

1M

-0.00%

6M

2.06%

1Y

5.31%

5Y*

0.16%

10Y*

1.00%

*Annualized

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FDRXX vs. FFXSX - Expense Ratio Comparison

FDRXX has a 0.38% expense ratio, which is lower than FFXSX's 0.45% expense ratio.


Risk-Adjusted Performance

FDRXX vs. FFXSX — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDRXX

FFXSX
The Risk-Adjusted Performance Rank of FFXSX is 9191
Overall Rank
The Sharpe Ratio Rank of FFXSX is 9393
Sharpe Ratio Rank
The Sortino Ratio Rank of FFXSX is 9494
Sortino Ratio Rank
The Omega Ratio Rank of FFXSX is 9292
Omega Ratio Rank
The Calmar Ratio Rank of FFXSX is 8787
Calmar Ratio Rank
The Martin Ratio Rank of FFXSX is 9191
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

FDRXX vs. FFXSX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Cash Reserves (FDRXX) and Fidelity Limited Term Government Fund (FFXSX). 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.


The current FDRXX Sharpe Ratio is 3.04, which is higher than the FFXSX Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of FDRXX and FFXSX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Dividends

FDRXX vs. FFXSX - Dividend Comparison

FDRXX's dividend yield for the trailing twelve months is around 3.84%, more than FFXSX's 2.64% yield.


TTM20242023202220212020201920182017201620152014
FDRXX
Fidelity Government Cash Reserves
3.84%4.84%4.69%1.33%0.01%0.28%1.01%0.00%0.00%0.00%0.00%0.00%
FFXSX
Fidelity Limited Term Government Fund
2.64%2.69%2.21%1.00%0.50%0.96%1.89%1.35%1.18%0.86%0.76%0.65%

Drawdowns

FDRXX vs. FFXSX - Drawdown Comparison

The maximum FDRXX drawdown since its inception was 0.00%, smaller than the maximum FFXSX drawdown of -9.71%. Use the drawdown chart below to compare losses from any high point for FDRXX and FFXSX. For additional features, visit the drawdowns tool.


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Volatility

FDRXX vs. FFXSX - Volatility Comparison

The current volatility for Fidelity Government Cash Reserves (FDRXX) is 0.00%, while Fidelity Limited Term Government Fund (FFXSX) has a volatility of 0.83%. This indicates that FDRXX experiences smaller price fluctuations and is considered to be less risky than FFXSX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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