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.
Performance
SNSXX vs. SPAXX - Performance Comparison
Returns By Period
In the year-to-date period, SNSXX achieves a 3.58% return, which is significantly higher than SPAXX's 0.86% return. Over the past 10 years, SNSXX has outperformed SPAXX with an annualized return of 1.20%, while SPAXX has yielded a comparatively lower 0.78% annualized return.
SNSXX
3.58%
0.00%
2.09%
4.26%
1.99%
1.20%
SPAXX
0.86%
0.00%
0.00%
1.27%
1.44%
0.78%
Key characteristics
| SNSXX | SPAXX | |
|---|---|---|
| Sharpe Ratio | 3.18 | 2.27 |
| Ulcer Index | 0.00% | 0.00% |
| Daily Std Dev | 1.33% | 0.79% |
| Max Drawdown | 0.00% | 0.00% |
| Current Drawdown | 0.00% | 0.00% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
SNSXX vs. SPAXX - Expense Ratio Comparison
Correlation
The correlation between SNSXX and SPAXX is 0.02, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
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 4.17%, less than SPAXX's 4.93% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|
SNSXX Schwab U.S. Treasury Money Fund | 4.17% | 4.61% | 1.28% | 0.02% | 0.27% | 1.47% | 0.78% | 0.00% |
SPAXX Fidelity Government Money Market Fund | 4.93% | 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.