SPAXX vs. TFLO

In the year-to-date period, SPAXX achieves a 0.86% return, which is significantly lower than TFLO's 4.77% return. Over the past 10 years, SPAXX has underperformed TFLO with an annualized return of 0.78%, while TFLO has yielded a comparatively higher 1.88% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Fidelity Government Money Market Fund (SPAXX) and iShares Treasury Floating Rate Bond ETF (TFLO). 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 2.27, which is lower than the TFLO Sharpe Ratio of 16.40. The chart below compares the historical Sharpe Ratios of SPAXX and TFLO, 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 4.93%, less than TFLO's 5.34% yield.

The maximum SPAXX drawdown since its inception was 0.00%, smaller than the maximum TFLO drawdown of -5.01%. Use the drawdown chart below to compare losses from any high point for SPAXX and TFLO. For additional features, visit the drawdowns tool.

The current volatility for Fidelity Government Money Market Fund (SPAXX) is 0.00%, while iShares Treasury Floating Rate Bond ETF (TFLO) has a volatility of 0.07%. This indicates that SPAXX experiences smaller price fluctuations and is considered to be less risky than TFLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.