FDRXX vs. SGOV
Compare and contrast key facts about Fidelity Government Cash Reserves (FDRXX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
FDRXX is managed by Fidelity. It was launched on Dec 15, 1999. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDRXX or SGOV.
Correlation
The correlation between FDRXX and SGOV is 0.06, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FDRXX vs. SGOV - Performance Comparison
Key characteristics
FDRXX:
3.23
SGOV:
21.61
FDRXX:
0.00%
SGOV:
0.00%
FDRXX:
1.34%
SGOV:
0.23%
FDRXX:
0.00%
SGOV:
-0.03%
FDRXX:
0.00%
SGOV:
0.00%
Returns By Period
In the year-to-date period, FDRXX achieves a 0.65% return, which is significantly lower than SGOV's 1.27% return.
FDRXX
0.65%
0.00%
1.78%
4.35%
2.32%
1.29%
SGOV
1.27%
0.38%
2.25%
4.96%
N/A
N/A
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FDRXX vs. SGOV - Expense Ratio Comparison
FDRXX has a 0.38% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
FDRXX vs. SGOV — Risk-Adjusted Performance Rank
FDRXX
SGOV
FDRXX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Cash Reserves (FDRXX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
Dividends
FDRXX vs. SGOV - Dividend Comparison
FDRXX's dividend yield for the trailing twelve months is around 4.25%, less than SGOV's 4.79% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
FDRXX Fidelity Government Cash Reserves | 4.25% | 4.84% | 4.69% | 1.33% | 0.01% | 0.28% | 1.01% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.79% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% |
Drawdowns
FDRXX vs. SGOV - Drawdown Comparison
The maximum FDRXX drawdown since its inception was 0.00%, smaller than the maximum SGOV drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for FDRXX and SGOV. For additional features, visit the drawdowns tool.
Volatility
FDRXX vs. SGOV - Volatility Comparison
The current volatility for Fidelity Government Cash Reserves (FDRXX) is 0.00%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 0.06%. This indicates that FDRXX experiences smaller price fluctuations and is considered to be less risky than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.