SNSXX vs. SPAXX
Compare and contrast key facts about Schwab U.S. Treasury Money Fund (SNSXX) and Fidelity Government Money Market Fund (SPAXX).
SNSXX is managed by Charles Schwab. It was launched on Jan 17, 2018. SPAXX is managed by Fidelity. It was launched on Feb 5, 1990.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SNSXX or SPAXX.
Correlation
The correlation between SNSXX and SPAXX is -0.02. 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.
Performance
SNSXX vs. SPAXX - Performance Comparison
Key characteristics
SNSXX:
3.39
SPAXX:
3.22
SNSXX:
0.00%
SPAXX:
0.00%
SNSXX:
1.22%
SPAXX:
1.34%
SNSXX:
0.00%
SPAXX:
0.00%
SNSXX:
0.00%
SPAXX:
0.00%
Returns By Period
The year-to-date returns for both stocks are quite close, with SNSXX having a 0.66% return and SPAXX slightly lower at 0.65%. Over the past 10 years, SNSXX has outperformed SPAXX with an annualized return of 1.41%, while SPAXX has yielded a comparatively lower 1.28% annualized return.
SNSXX
0.66%
0.00%
1.62%
4.17%
2.31%
1.41%
SPAXX
0.65%
0.00%
1.76%
4.32%
2.31%
1.28%
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SNSXX vs. SPAXX - Expense Ratio Comparison
Risk-Adjusted Performance
SNSXX vs. SPAXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Schwab U.S. Treasury Money Fund (SNSXX) 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.
Dividends
SNSXX vs. SPAXX - Dividend Comparison
SNSXX's dividend yield for the trailing twelve months is around 4.08%, less than SPAXX's 4.56% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
SNSXX Schwab U.S. Treasury Money Fund | 4.08% | 4.86% | 4.61% | 1.28% | 0.02% | 0.27% | 1.47% | 0.78% | 0.00% |
SPAXX Fidelity Government Money Market Fund | 4.56% | 4.81% | 4.68% | 1.30% | 0.01% | 0.26% | 0.98% | 0.00% | 0.00% |
Drawdowns
SNSXX vs. SPAXX - Drawdown Comparison
The maximum SNSXX 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 SNSXX and SPAXX. For additional features, visit the drawdowns tool.
Volatility
SNSXX vs. SPAXX - Volatility Comparison
The current volatility for Schwab U.S. Treasury Money Fund (SNSXX) is 0.00%, while Fidelity Government Money Market Fund (SPAXX) has a volatility of 0.00%. This indicates that SNSXX 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.