SPAXX vs. RZLV
SPAXX (Fidelity Government Money Market Fund) is Money Market fund actively managed by Fidelity, while RZLV (Rezolve AI Ltd) is a stock. Over the past year, SPAXX returned 3.66% vs 14.71% for RZLV. At a correlation of -0.03, they often move in opposite directions.
Performance
SPAXX vs. RZLV - Performance Comparison
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Returns By Period
In the year-to-date period, SPAXX achieves a 1.37% return, which is significantly higher than RZLV's -8.95% return.
SPAXX
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.37%
- 6M
- 1.67%
- 1Y
- 3.66%
- 3Y*
- 2.42%
- 5Y*
- 1.45%
- 10Y*
- —
RZLV
- 1D
- 1.74%
- 1M
- -2.50%
- YTD
- -8.95%
- 6M
- -14.91%
- 1Y
- 14.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPAXX vs. RZLV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
SPAXX Fidelity Government Money Market Fund | 1.37% | 3.96% | 1.11% |
RZLV Rezolve AI Ltd | -8.95% | -32.72% | -64.95% |
Correlation
The correlation between SPAXX and RZLV is 0.09, 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 | 0.09 |
Correlation (All Time) Calculated using the full available price history since Aug 16, 2024 | -0.03 |
The correlation between SPAXX and RZLV shifts across timeframes, from -0.03 (all time) to 0.09 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
SPAXX vs. RZLV — Risk / Return Rank
SPAXX
RZLV
SPAXX vs. RZLV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Money Market Fund (SPAXX) and Rezolve AI Ltd (RZLV). 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 | RZLV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.52 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.13 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.20 | — |
| Martin ratioReturn relative to average drawdown | — | 0.29 | — |
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 | RZLV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.65 | 0.13 | +3.52 |
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 | -0.39 | +2.51 |
Drawdowns
SPAXX vs. RZLV - Drawdown Comparison
The maximum SPAXX drawdown since its inception was 0.00%, smaller than the maximum RZLV drawdown of -89.04%. Use the drawdown chart below to compare losses from any high point for SPAXX and RZLV.
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Drawdown Indicators
| SPAXX | RZLV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -89.04% | +89.04% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -72.15% | +72.15% |
Max Drawdown (3Y)Largest decline over 3 years | 0.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | 0.00% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -77.30% | +77.30% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -66.88% | +66.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 50.66% | -50.66% |
Volatility
SPAXX vs. RZLV - Volatility Comparison
The current volatility for Fidelity Government Money Market Fund (SPAXX) is 0.28%, while Rezolve AI Ltd (RZLV) has a volatility of 25.15%. This indicates that SPAXX experiences smaller price fluctuations and is considered to be less risky than RZLV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPAXX | RZLV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 25.15% | -24.87% |
Volatility (6M)Calculated over the trailing 6-month period | 0.72% | 81.08% | -80.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.03% | 117.13% | -116.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.69% | 144.67% | -143.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.69% | 144.67% | -143.98% |
Dividends
SPAXX vs. RZLV - Dividend Comparison
SPAXX's dividend yield for the trailing twelve months is around 3.59%, while RZLV has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
RZLV Rezolve AI Ltd | 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 RZLV have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RZLV has higher volatility (25.15%) compared to SPAXX (0.28%). In terms of maximum drawdown, SPAXX dropped 0.00% vs RZLV's -89.04%.
SPAXX currently has the higher Sharpe Ratio (3.65 vs 0.13), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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