VMFXX vs. FFRIX
Compare and contrast key facts about Vanguard Federal Money Market Fund (VMFXX) and Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX).
VMFXX is managed by Vanguard. It was launched on Sep 1, 2010. FFRIX is managed by Fidelity. It was launched on Aug 16, 2000.
Performance
VMFXX vs. FFRIX - Performance Comparison
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VMFXX vs. FFRIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
VMFXX Vanguard Federal Money Market Fund | 0.59% | 4.24% | 1.64% | 4.64% | 0.00% | 0.00% |
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | -0.62% | 5.54% | 7.07% | 11.63% | -1.58% | 2.52% |
Returns By Period
In the year-to-date period, VMFXX achieves a 0.59% return, which is significantly higher than FFRIX's -0.62% return.
VMFXX
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.59%
- 6M
- 1.58%
- 1Y
- 3.75%
- 3Y*
- 3.32%
- 5Y*
- —
- 10Y*
- —
FFRIX
- 1D
- 0.00%
- 1M
- 0.45%
- YTD
- -0.62%
- 6M
- 0.75%
- 1Y
- 4.73%
- 3Y*
- 6.74%
- 5Y*
- 5.00%
- 10Y*
- 4.86%
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VMFXX vs. FFRIX - Expense Ratio Comparison
VMFXX has a 0.00% expense ratio, which is lower than FFRIX's 0.72% expense ratio.
Return for Risk
VMFXX vs. FFRIX — Risk / Return Rank
VMFXX
FFRIX
VMFXX vs. FFRIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Federal Money Market Fund (VMFXX) and Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX). 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.
| VMFXX | FFRIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.51 | 1.42 | +2.09 |
Sortino ratioReturn per unit of downside risk | — | 1.99 | — |
Omega ratioGain probability vs. loss probability | — | 1.47 | — |
Calmar ratioReturn relative to maximum drawdown | — | 1.69 | — |
Martin ratioReturn relative to average drawdown | — | 8.24 | — |
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
| VMFXX | FFRIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.51 | 1.42 | +2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.74 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.18 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.51 | 1.21 | +1.31 |
Correlation
The correlation between VMFXX and FFRIX is 0.27, 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.
Dividends
VMFXX vs. FFRIX - Dividend Comparison
VMFXX's dividend yield for the trailing twelve months is around 3.68%, less than FFRIX's 6.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMFXX Vanguard Federal Money Market Fund | 3.68% | 4.14% | 1.63% | 4.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FFRIX Fidelity Advisor Floating Rate High Income Fund Class I | 6.71% | 7.37% | 6.92% | 7.47% | 3.78% | 2.69% | 3.80% | 5.12% | 4.65% | 4.00% | 4.38% | 3.32% |
Drawdowns
VMFXX vs. FFRIX - Drawdown Comparison
The maximum VMFXX drawdown since its inception was 0.00%, smaller than the maximum FFRIX drawdown of -22.12%. Use the drawdown chart below to compare losses from any high point for VMFXX and FFRIX.
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Drawdown Indicators
| VMFXX | FFRIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | 0.00% | -22.12% | +22.12% |
Max Drawdown (1Y)Largest decline over 1 year | 0.00% | -1.77% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | — | -5.92% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -22.12% | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.75% | +0.75% |
Average DrawdownAverage peak-to-trough decline | 0.00% | -1.01% | +1.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.00% | 0.56% | -0.56% |
Volatility
VMFXX vs. FFRIX - Volatility Comparison
The current volatility for Vanguard Federal Money Market Fund (VMFXX) is 0.00%, while Fidelity Advisor Floating Rate High Income Fund Class I (FFRIX) has a volatility of 0.66%. This indicates that VMFXX experiences smaller price fluctuations and is considered to be less risky than FFRIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VMFXX | FFRIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.00% | 0.66% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 0.77% | 1.64% | -0.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.11% | 3.35% | -2.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.93% | 2.88% | -1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.93% | 4.14% | -3.21% |