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

Correlation

The correlation between FDRXX and SCHD is -0.04. 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. SCHD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Government Cash Reserves (FDRXX) and Schwab US Dividend Equity ETF (SCHD). The values are adjusted to include any dividend payments, if applicable.

0.00%100.00%200.00%300.00%400.00%December2025FebruaryMarchAprilMay
13.70%
367.44%
FDRXX
SCHD

Key characteristics

Sharpe Ratio

FDRXX:

3.04

SCHD:

0.19

Ulcer Index

FDRXX:

0.00%

SCHD:

4.80%

Daily Std Dev

FDRXX:

1.29%

SCHD:

16.02%

Max Drawdown

FDRXX:

0.00%

SCHD:

-33.37%

Current Drawdown

FDRXX:

0.00%

SCHD:

-11.88%

Returns By Period

In the year-to-date period, FDRXX achieves a 0.65% return, which is significantly higher than SCHD's -5.64% return. Over the past 10 years, FDRXX has underperformed SCHD with an annualized return of 1.29%, while SCHD has yielded a comparatively higher 10.24% annualized return.


FDRXX

YTD

0.65%

1M

0.00%

6M

1.39%

1Y

3.93%

5Y*

2.32%

10Y*

1.29%

SCHD

YTD

-5.64%

1M

1.07%

6M

-8.31%

1Y

1.88%

5Y*

13.00%

10Y*

10.24%

*Annualized

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FDRXX vs. SCHD - Expense Ratio Comparison

FDRXX has a 0.38% expense ratio, which is higher than SCHD's 0.06% expense ratio.


Risk-Adjusted Performance

FDRXX vs. SCHD — Risk-Adjusted Performance Rank

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

FDRXX

SCHD
The Risk-Adjusted Performance Rank of SCHD is 2727
Overall Rank
The Sharpe Ratio Rank of SCHD is 2727
Sharpe Ratio Rank
The Sortino Ratio Rank of SCHD is 2525
Sortino Ratio Rank
The Omega Ratio Rank of SCHD is 2525
Omega Ratio Rank
The Calmar Ratio Rank of SCHD is 3030
Calmar Ratio Rank
The Martin Ratio Rank of SCHD is 2828
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. SCHD - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Cash Reserves (FDRXX) and Schwab US Dividend Equity ETF (SCHD). 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 SCHD Sharpe Ratio of 0.19. The chart below compares the historical Sharpe Ratios of FDRXX and SCHD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00December2025FebruaryMarchAprilMay
3.04
0.09
FDRXX
SCHD

Dividends

FDRXX vs. SCHD - Dividend Comparison

FDRXX's dividend yield for the trailing twelve months is around 3.84%, less than SCHD's 4.07% 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%
SCHD
Schwab US Dividend Equity ETF
4.07%3.64%3.49%3.39%2.78%3.16%2.98%3.06%2.63%2.89%2.97%2.63%

Drawdowns

FDRXX vs. SCHD - Drawdown Comparison

The maximum FDRXX drawdown since its inception was 0.00%, smaller than the maximum SCHD drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for FDRXX and SCHD. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%December2025FebruaryMarchAprilMay0
-11.88%
FDRXX
SCHD

Volatility

FDRXX vs. SCHD - Volatility Comparison

The current volatility for Fidelity Government Cash Reserves (FDRXX) is 0.00%, while Schwab US Dividend Equity ETF (SCHD) has a volatility of 8.80%. This indicates that FDRXX experiences smaller price fluctuations and is considered to be less risky than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%2.00%4.00%6.00%8.00%10.00%12.00%December2025FebruaryMarchAprilMay0
8.80%
FDRXX
SCHD