SPAXX vs. BTQ.NEO
SPAXX (Fidelity Government Money Market Fund) is Money Market fund actively managed by Fidelity, while BTQ.NEO (BTQ Technologies Corp) is a stock. Over the past 3 years, SPAXX returned 2.42%/yr vs 106.35%/yr for BTQ.NEO. At a correlation of -0.03, they often move in opposite directions.
Performance
SPAXX vs. BTQ.NEO - Performance Comparison
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Different Trading Currencies
SPAXX is traded in USD, while BTQ.NEO is traded in CAD. To make them comparable, the BTQ.NEO values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPAXX achieves a 1.37% return, which is significantly higher than BTQ.NEO's -17.44% return.
SPAXX
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.37%
- 6M
- 1.67%
- 1Y
- 3.66%
- 3Y*
- 2.42%
- 5Y*
- 1.45%
- 10Y*
- —
BTQ.NEO
- 1D
- 3.73%
- 1M
- 39.02%
- YTD
- -17.44%
- 6M
- -35.31%
- 1Y
- 37.44%
- 3Y*
- 106.35%
- 5Y*
- —
- 10Y*
- —
SPAXX vs. BTQ.NEO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPAXX Fidelity Government Money Market Fund | 1.37% | 3.96% | 1.54% | 0.41% |
BTQ.NEO BTQ Technologies Corp | -17.44% | 88.56% | 342.98% | 11.18% |
Correlation
The correlation between SPAXX and BTQ.NEO is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.03 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2023 | -0.03 |
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Return for Risk
SPAXX vs. BTQ.NEO — Risk / Return Rank
SPAXX
BTQ.NEO
SPAXX vs. BTQ.NEO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Money Market Fund (SPAXX) and BTQ Technologies Corp (BTQ.NEO). 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.
| SPAXX | BTQ.NEO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.41 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.18 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.45 | — |
| Martin ratioReturn relative to average drawdown | — | 0.64 | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| SPAXX | BTQ.NEO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.65 | 0.24 | +3.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 2.13 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.12 | 0.51 | +1.61 |
Drawdowns
SPAXX vs. BTQ.NEO - Drawdown Comparison
The maximum SPAXX drawdown since its inception was 0.00%, smaller than the maximum BTQ.NEO drawdown of -84.79%. Use the drawdown chart below to compare losses from any high point for SPAXX and BTQ.NEO.
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Drawdown Indicators
| SPAXX | BTQ.NEO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -84.79% | +84.79% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -84.79% | +84.79% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | -84.79% | +84.79% |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -69.88% | +69.88% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -47.31% | +47.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 59.10% | -59.10% |
Volatility
SPAXX vs. BTQ.NEO - Volatility Comparison
The current volatility for Fidelity Government Money Market Fund (SPAXX) is 0.28%, while BTQ Technologies Corp (BTQ.NEO) has a volatility of 42.02%. This indicates that SPAXX experiences smaller price fluctuations and is considered to be less risky than BTQ.NEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPAXX | BTQ.NEO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 42.02% | -41.74% |
Volatility (6M)Calculated over the trailing 6-month period | 0.72% | 84.92% | -84.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.03% | 161.69% | -160.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.69% | 172.11% | -171.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.69% | 172.11% | -171.42% |
Dividends
SPAXX vs. BTQ.NEO - Dividend Comparison
SPAXX's dividend yield for the trailing twelve months is around 3.59%, while BTQ.NEO has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
BTQ.NEO BTQ Technologies Corp | 0.00% | 0.00% | 0.00% | 0.00% |
SPAXX Fidelity Government Money Market Fund | 3.59% | 3.88% | 1.53% | 0.41% |
Frequently Asked Questions
SPAXX and BTQ.NEO have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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