FDRXX vs. SWVXX

Over the past 10 years, FDRXX has underperformed SWVXX with an annualized return of 1.22%, while SWVXX has yielded a comparatively higher 1.67% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Cash Reserves (FDRXX) and Schwab Value Advantage Money Fund (SWVXX). 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 3.21, which is comparable to the SWVXX Sharpe Ratio of 3.57. The chart below compares the historical Sharpe Ratios of FDRXX and SWVXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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

The current volatility for Fidelity Government Cash Reserves (FDRXX) is 0.00%, while Schwab Value Advantage Money Fund (SWVXX) has a volatility of 0.37%. This indicates that FDRXX experiences smaller price fluctuations and is considered to be less risky than SWVXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.