VETZ vs. SPAXX
VETZ (Academy Veteran Bond ETF) and SPAXX (Fidelity Government Money Market Fund) are both funds - VETZ is a Mortgage Backed Securities fund actively managed by Academy, while SPAXX is a Money Market fund managed by Fidelity. Over the past year, VETZ returned 6.99% vs 3.66% for SPAXX. At a 0.04 correlation, their price movements are largely independent.
Performance
VETZ vs. SPAXX - Performance Comparison
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Returns By Period
In the year-to-date period, VETZ achieves a 0.62% return, which is significantly lower than SPAXX's 1.37% return.
VETZ
- 1D
- -0.10%
- 1M
- -0.23%
- YTD
- 0.62%
- 6M
- 1.16%
- 1Y
- 6.99%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
SPAXX
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.37%
- 6M
- 1.67%
- 1Y
- 3.66%
- 3Y*
- 2.42%
- 5Y*
- 1.45%
- 10Y*
- —
VETZ vs. SPAXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
VETZ Academy Veteran Bond ETF | 0.62% | 8.02% | 2.22% | 3.97% |
SPAXX Fidelity Government Money Market Fund | 1.37% | 3.96% | 1.54% | 0.41% |
Correlation
The correlation between VETZ and SPAXX is 0.00, 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 | 0.00 |
Correlation (All Time) Calculated using the full available price history since Aug 3, 2023 | 0.04 |
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Return for Risk
VETZ vs. SPAXX — Risk / Return Rank
VETZ
SPAXX
VETZ vs. SPAXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Academy Veteran Bond ETF (VETZ) 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.
| VETZ | SPAXX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 3.65 | -2.18 |
Sortino ratioReturn per unit of downside risk | 2.20 | — | — |
Omega ratioGain probability vs. loss probability | 1.26 | — | — |
Calmar ratioReturn relative to maximum drawdown | 2.30 | — | — |
Martin ratioReturn relative to average drawdown | 8.06 | — | — |
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
| VETZ | SPAXX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 3.65 | -2.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 2.13 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.85 | 2.13 | -1.27 |
Drawdowns
VETZ vs. SPAXX - Drawdown Comparison
The maximum VETZ drawdown since its inception was -5.16%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VETZ and SPAXX.
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Drawdown Indicators
| VETZ | SPAXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.16% | 0.00% | -5.16% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | 0.00% | -2.73% |
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 | -1.39% | 0.00% | -1.39% |
Average DrawdownAverage peak-to-trough decline | -1.30% | 0.00% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.78% | 0.00% | +0.78% |
Volatility
VETZ vs. SPAXX - Volatility Comparison
Academy Veteran Bond ETF (VETZ) has a higher volatility of 1.36% compared to Fidelity Government Money Market Fund (SPAXX) at 0.28%. This indicates that VETZ'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
| VETZ | SPAXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.36% | 0.28% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.27% | 0.72% | +2.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.84% | 1.03% | +3.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.15% | 0.69% | +5.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.15% | 0.69% | +5.46% |
Dividends
VETZ vs. SPAXX - Dividend Comparison
VETZ's dividend yield for the trailing twelve months is around 6.17%, more than SPAXX's 3.59% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
SPAXX Fidelity Government Money Market Fund | 3.59% | 3.88% | 1.53% | 0.41% |
VETZ Academy Veteran Bond ETF | 6.17% | 6.14% | 5.89% | 1.88% |
Frequently Asked Questions
VETZ and SPAXX have a correlation of 0.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VETZ has higher volatility (1.36%) compared to SPAXX (0.28%). In terms of maximum drawdown, VETZ dropped -5.16% vs SPAXX's 0.00%.
SPAXX currently has the higher Sharpe Ratio (3.65 vs 1.47), 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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