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SPAXX vs. SGOV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Performance

SPAXX vs. SGOV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Government Money Market Fund (SPAXX) and iShares 0-3 Month Treasury Bond ETF (SGOV). The values are adjusted to include any dividend payments, if applicable.

0.00%0.50%1.00%1.50%2.00%2.50%JuneJulyAugustSeptemberOctoberNovember0
2.55%
SPAXX
SGOV

Returns By Period

In the year-to-date period, SPAXX achieves a 0.86% return, which is significantly lower than SGOV's 4.78% return.


SPAXX

YTD

0.86%

1M

0.00%

6M

0.00%

1Y

1.27%

5Y (annualized)

1.43%

10Y (annualized)

0.78%

SGOV

YTD

4.78%

1M

0.41%

6M

2.55%

1Y

5.34%

5Y (annualized)

N/A

10Y (annualized)

N/A

Key characteristics


SPAXXSGOV
Sharpe Ratio2.2721.75
Ulcer Index0.00%0.00%
Daily Std Dev0.79%0.25%
Max Drawdown0.00%-0.03%
Current Drawdown0.00%0.00%

Compare stocks, funds, or ETFs

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SPAXX vs. SGOV - Expense Ratio Comparison


SGOV
iShares 0-3 Month Treasury Bond ETF
Expense ratio chart for SGOV: current value at 0.03% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.03%

Correlation

-0.50.00.51.00.0

The correlation between SPAXX and SGOV is 0.04, 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

SPAXX vs. SGOV - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Money Market Fund (SPAXX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.


Sharpe ratio
The chart of Sharpe ratio for SPAXX, currently valued at 1.75, compared to the broader market-1.000.001.002.003.004.005.001.7521.28
No data
SPAXX
SGOV

The current SPAXX Sharpe Ratio is 2.27, which is lower than the SGOV Sharpe Ratio of 21.75. The chart below compares the historical Sharpe Ratios of SPAXX and SGOV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Rolling 12-month Sharpe Ratio0.005.0010.0015.0020.00JuneJulyAugustSeptemberOctoberNovember
1.75
21.28
SPAXX
SGOV

Dividends

SPAXX vs. SGOV - Dividend Comparison

SPAXX's dividend yield for the trailing twelve months is around 4.93%, less than SGOV's 5.23% yield.


TTM2023202220212020201920182017
SPAXX
Fidelity Government Money Market Fund
4.93%4.68%1.30%0.01%0.26%0.98%0.00%0.00%
SGOV
iShares 0-3 Month Treasury Bond ETF
5.23%4.87%1.45%0.03%0.04%0.00%0.00%0.00%

Drawdowns

SPAXX vs. SGOV - Drawdown Comparison

The maximum SPAXX drawdown since its inception was 0.00%, smaller than the maximum SGOV drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for SPAXX and SGOV. For additional features, visit the drawdowns tool.


-0.01%-0.01%-0.01%-0.00%-0.00%0.00%JuneJulyAugustSeptemberOctoberNovember00
SPAXX
SGOV

Volatility

SPAXX vs. SGOV - Volatility Comparison

The current volatility for Fidelity Government Money Market Fund (SPAXX) is 0.00%, while iShares 0-3 Month Treasury Bond ETF (SGOV) has a volatility of 0.08%. This indicates that SPAXX experiences smaller price fluctuations and is considered to be less risky than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%0.02%0.04%0.06%0.08%JuneJulyAugustSeptemberOctoberNovember0
0.08%
SPAXX
SGOV