FDRXX vs. SPAXX

In the year-to-date period, FDRXX achieves a 1.34% return, which is significantly higher than SPAXX's 0.65% return. Over the past 10 years, FDRXX has outperformed SPAXX with an annualized return of 1.36%, while SPAXX has yielded a comparatively lower 1.28% annualized return.

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Cash Reserves (FDRXX) and Fidelity Government Money Market Fund (SPAXX). 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 3.59, which is comparable to the SPAXX Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of FDRXX and SPAXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

FDRXX's dividend yield for the trailing twelve months is around 4.52%, which matches SPAXX's 4.48% yield.

The maximum FDRXX drawdown since its inception was 0.00%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FDRXX and SPAXX.

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