SPAXX vs. BIL

In the year-to-date period, SPAXX achieves a 0.65% return, which is significantly lower than BIL's 1.66% return. Over the past 10 years, SPAXX has underperformed BIL with an annualized return of 1.28%, while BIL has yielded a comparatively higher 1.79% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Money Market Fund (SPAXX) and SPDR Barclays 1-3 Month T-Bill ETF (BIL). 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 SPAXX Sharpe Ratio is 3.03, which is lower than the BIL Sharpe Ratio of 20.66. The chart below compares the historical Sharpe Ratios of SPAXX and BIL, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

SPAXX's dividend yield for the trailing twelve months is around 4.48%, less than BIL's 4.68% yield.

The maximum SPAXX drawdown since its inception was 0.00%, smaller than the maximum BIL drawdown of -0.77%. Use the drawdown chart below to compare losses from any high point for SPAXX and BIL.

The current volatility for Fidelity Government Money Market Fund (SPAXX) is 0.00%, while SPDR Barclays 1-3 Month T-Bill ETF (BIL) has a volatility of 0.07%. This indicates that SPAXX experiences smaller price fluctuations and is considered to be less risky than BIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.