VGIVX vs. SPAXX

In the year-to-date period, VGIVX achieves a 3.01% return, which is significantly higher than SPAXX's 0.65% return. Over the past 10 years, VGIVX has outperformed SPAXX with an annualized return of 3.03%, while SPAXX has yielded a comparatively lower 1.28% annualized return.

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This table presents a comparison of risk-adjusted performance metrics for Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) 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.

The current VGIVX Sharpe Ratio is 1.71, which is lower than the SPAXX Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of VGIVX and SPAXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

VGIVX's dividend yield for the trailing twelve months is around 6.32%, more than SPAXX's 4.48% yield.

The maximum VGIVX drawdown since its inception was -26.79%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for VGIVX and SPAXX.

Vanguard Emerging Markets Government Bond Index Fund Institutional Shares (VGIVX) has a higher volatility of 1.00% compared to Fidelity Government Money Market Fund (SPAXX) at 0.00%. This indicates that VGIVX'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.