FDRXX vs. VMFXX
Compare and contrast key facts about Fidelity Government Cash Reserves (FDRXX) and Vanguard Federal Money Market Fund (VMFXX).
FDRXX is managed by Fidelity. It was launched on Dec 15, 1999. VMFXX is managed by Vanguard. It was launched on Sep 1, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDRXX or VMFXX.
Correlation
The correlation between FDRXX and VMFXX is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
FDRXX vs. VMFXX - Performance Comparison
Key characteristics
FDRXX:
3.21
VMFXX:
3.45
FDRXX:
0.00%
VMFXX:
0.00%
FDRXX:
1.40%
VMFXX:
1.39%
FDRXX:
0.00%
VMFXX:
0.00%
FDRXX:
0.00%
VMFXX:
0.00%
Returns By Period
Over the past 10 years, FDRXX has underperformed VMFXX with an annualized return of 1.22%, while VMFXX has yielded a comparatively higher 1.65% annualized return.
FDRXX
0.00%
0.00%
1.95%
4.53%
2.22%
1.22%
VMFXX
0.00%
0.00%
2.05%
4.78%
2.42%
1.65%
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FDRXX vs. VMFXX - Expense Ratio Comparison
FDRXX has a 0.38% expense ratio, which is higher than VMFXX's 0.00% expense ratio.
Risk-Adjusted Performance
FDRXX vs. VMFXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Cash Reserves (FDRXX) and Vanguard Federal Money Market Fund (VMFXX). 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. VMFXX - Dividend Comparison
FDRXX's dividend yield for the trailing twelve months is around 4.41%, less than VMFXX's 5.03% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
FDRXX Fidelity Government Cash Reserves | 4.41% | 4.84% | 4.69% | 1.33% | 0.01% | 0.28% | 1.01% | 0.00% | 0.00% |
VMFXX Vanguard Federal Money Market Fund | 5.03% | 5.11% | 4.97% | 1.54% | 0.01% | 0.45% | 2.12% | 1.61% | 0.50% |
Drawdowns
FDRXX vs. VMFXX - Drawdown Comparison
The maximum FDRXX drawdown since its inception was 0.00%, which is greater than VMFXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for FDRXX and VMFXX. For additional features, visit the drawdowns tool.
Volatility
FDRXX vs. VMFXX - Volatility Comparison
The current volatility for Fidelity Government Cash Reserves (FDRXX) is 0.00%, while Vanguard Federal Money Market Fund (VMFXX) has a volatility of 0.00%. This indicates that FDRXX experiences smaller price fluctuations and is considered to be less risky than VMFXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.