FDRXX vs. VMFXX

In the year-to-date period, FDRXX achieves a 0.65% return, which is significantly lower than VMFXX's 0.69% return. Over the past 10 years, FDRXX has underperformed VMFXX with an annualized return of 1.29%, while VMFXX has yielded a comparatively higher 1.72% annualized return.

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FDRXX has a 0.38% expense ratio, which is higher than VMFXX's 0.00% expense ratio.

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.

The current FDRXX Sharpe Ratio is 3.04, which is comparable to the VMFXX Sharpe Ratio of 3.28. The chart below compares the historical Sharpe Ratios of FDRXX and VMFXX, 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 3.84%, less than VMFXX's 4.76% yield.

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.

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.