MIMI vs. SPAXX

Last updated Apr 2, 2026

Compare and contrast key facts about Mint Incorporation Ltd (MIMI) and Fidelity Government Money Market Fund (SPAXX).

SPAXX is managed by Fidelity. It was launched on Feb 5, 1990.

Performance

MIMI vs. SPAXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mint Incorporation Ltd (MIMI) and Fidelity Government Money Market Fund (SPAXX). The values are adjusted to include any dividend payments, if applicable.

MIMI vs. SPAXX - Yearly Performance Comparison

	2026 (YTD)	2025
MIMI Mint Incorporation Ltd	-12.37%	-92.70%
SPAXX Fidelity Government Money Market Fund	0.53%	3.96%

Returns By Period

In the year-to-date period, MIMI achieves a -12.37% return, which is significantly lower than SPAXX's 0.53% return.

MIMI

• 1D: -2.63%
• 1M: -17.64%
• YTD: -12.37%
• 6M: -96.71%
• 1Y: -93.87%
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPAXX

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.53%
• 6M: 1.46%
• 1Y: 3.49%
• 3Y*: 2.14%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MIMI vs. SPAXX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MIMI

MIMI Risk / Return Rank: 8
MIMI Sharpe Ratio Rank: 16
MIMI Sortino Ratio Rank: 8
MIMI Omega Ratio Rank: 8
MIMI Calmar Ratio Rank: 3
MIMI Martin Ratio Rank: 8

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MIMI vs. SPAXX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mint Incorporation Ltd (MIMI) 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.

	MIMI	SPAXX	Difference
Sharpe ratio Return per unit of total volatility	-0.57	3.48	-4.06
Sortino ratio Return per unit of downside risk	-1.25	—	—
Omega ratio Gain probability vs. loss probability	0.84	—	—
Calmar ratio Return relative to maximum drawdown	-0.97	—	—
Martin ratio Return relative to average drawdown	-1.51	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MIMI vs. SPAXX - Sharpe Ratio Comparison

The current MIMI Sharpe Ratio is -0.57, which is lower than the SPAXX Sharpe Ratio of 3.48. The chart below compares the historical Sharpe Ratios of MIMI 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.

Sharpe Ratios by Period

	MIMI	SPAXX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.57	3.48	-4.06
Sharpe Ratio (All Time) Calculated using the full available price history	-0.58	2.01	-2.59

Correlation

The correlation between MIMI and SPAXX is -0.00. 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.

Dividends

MIMI vs. SPAXX - Dividend Comparison

MIMI has not paid dividends to shareholders, while SPAXX's dividend yield for the trailing twelve months is around 3.42%.

	TTM	2025	2024	2023
MIMI Mint Incorporation Ltd	0.00%	0.00%	0.00%	0.00%
SPAXX Fidelity Government Money Market Fund	3.42%	3.88%	1.53%	0.41%

Drawdowns

MIMI vs. SPAXX - Drawdown Comparison

The maximum MIMI drawdown since its inception was -97.61%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MIMI and SPAXX.

Drawdown Indicators

	MIMI	SPAXX	Difference
Max Drawdown Largest peak-to-trough decline	-97.61%	0.00%	-97.61%
Max Drawdown (1Y) Largest decline over 1 year	-97.61%	0.00%	-97.61%
Current Drawdown Current decline from peak	-97.55%	0.00%	-97.55%
Average Drawdown Average peak-to-trough decline	-44.75%	0.00%	-44.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	63.01%	0.00%	+63.01%

Volatility

MIMI vs. SPAXX - Volatility Comparison

Mint Incorporation Ltd (MIMI) has a higher volatility of 18.17% compared to Fidelity Government Money Market Fund (SPAXX) at 0.00%. This indicates that MIMI's price experiences larger fluctuations and is considered to be riskier than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MIMI	SPAXX	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.17%	0.00%	+18.17%
Volatility (6M) Calculated over the trailing 6-month period	148.67%	0.71%	+147.96%
Volatility (1Y) Calculated over the trailing 1-year period	165.46%	1.08%	+164.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	154.37%	0.67%	+153.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	154.37%	0.67%	+153.70%