V vs. SPAXX
V (Visa Inc.) is a stock, while SPAXX (Fidelity Government Money Market Fund) is Money Market fund actively managed by Fidelity. Over the past 5 years, V returned 7.92%/yr vs 1.45%/yr for SPAXX. At a 0.02 correlation, their price movements are largely independent.
Performance
V vs. SPAXX - Performance Comparison
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Returns By Period
In the year-to-date period, V achieves a -7.29% return, which is significantly lower than SPAXX's 1.37% return.
V
- 1D
- 0.44%
- 1M
- -0.59%
- YTD
- -7.29%
- 6M
- -6.26%
- 1Y
- -7.50%
- 3Y*
- 13.11%
- 5Y*
- 7.92%
- 10Y*
- 16.26%
SPAXX
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.37%
- 6M
- 1.67%
- 1Y
- 3.66%
- 3Y*
- 2.42%
- 5Y*
- 1.45%
- 10Y*
- —
V vs. SPAXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
V Visa Inc. | -7.29% | 11.76% | 22.32% | 26.31% | -3.40% | -5.20% |
SPAXX Fidelity Government Money Market Fund | 1.37% | 3.96% | 1.54% | 0.41% | 0.00% | 0.00% |
Correlation
The correlation between V and SPAXX is -0.02, 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 | -0.02 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.02 |
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Return for Risk
V vs. SPAXX — Risk / Return Rank
V
SPAXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
V vs. SPAXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Visa Inc. (V) and Fidelity Government Money Market Fund (SPAXX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| V | SPAXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.99 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 0.96 | — | — |
| Calmar ratioReturn relative to maximum drawdown | -0.44 | — | — |
| Martin ratioReturn relative to average drawdown | -0.94 | — | — |
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Drawdowns
V vs. SPAXX - Drawdown Comparison
The maximum V drawdown since its inception was -51.90%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for V and SPAXX.
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Drawdown Indicators
| V | SPAXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.90% | 0.00% | -51.90% |
Max Drawdown (1Y)Largest decline over 1 year | -17.18% | 0.00% | -17.18% |
Max Drawdown (3Y)Largest decline over 3 years | -20.38% | 0.00% | -20.38% |
Max Drawdown (5Y)Largest decline over 5 years | -28.60% | 0.00% | -28.60% |
Max Drawdown (10Y)Largest decline over 10 years | -36.36% | — | — |
Current DrawdownCurrent decline from peak | -12.57% | 0.00% | -12.57% |
Average DrawdownAverage peak-to-trough decline | -8.27% | 0.00% | -8.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.01% | 0.00% | +8.01% |
Volatility
V vs. SPAXX - Volatility Comparison
Visa Inc. (V) has a higher volatility of 5.54% compared to Fidelity Government Money Market Fund (SPAXX) at 0.28%. This indicates that V's price experiences larger fluctuations and is considered to be riskier than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V | SPAXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.54% | 0.28% | +5.26% |
Volatility (6M)Calculated over the trailing 6-month period | 16.52% | 0.66% | +15.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.83% | 1.03% | +20.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.82% | 0.69% | +22.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.46% | 0.69% | +23.77% |
Dividends
V vs. SPAXX - Dividend Comparison
V's dividend yield for the trailing twelve months is around 0.80%, less than SPAXX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPAXX Fidelity Government Money Market Fund | 3.59% | 3.88% | 1.53% | 0.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
V Visa Inc. | 0.80% | 0.70% | 0.68% | 0.72% | 0.76% | 0.62% | 0.56% | 0.56% | 0.67% | 0.61% | 0.75% | 0.64% |
Frequently Asked Questions
V and SPAXX have a correlation of -0.02, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
V has higher volatility (5.54%) compared to SPAXX (0.28%). In terms of maximum drawdown, V dropped -51.90% vs SPAXX's 0.00%.
SPAXX currently has the higher Sharpe Ratio (3.65 vs -0.35), 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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