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 -0.04. 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. SGOV - Performance Comparison
Key characteristics
FDRXX:
3.04
SGOV:
21.26
FDRXX:
0.00%
SGOV:
0.00%
FDRXX:
1.29%
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 1.49% return.
FDRXX
0.65%
0.00%
1.39%
3.93%
2.32%
1.29%
SGOV
1.49%
0.36%
2.18%
4.86%
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 3.84%, less than SGOV's 4.71% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
FDRXX Fidelity Government Cash Reserves | 3.84% | 4.84% | 4.69% | 1.33% | 0.01% | 0.28% | 1.01% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.71% | 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 0.07%. 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.