VMFXX vs. ICLO

In the year-to-date period, VMFXX achieves a 4.46% return, which is significantly lower than ICLO's 6.34% return.

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VMFXX has a 0.00% expense ratio, which is lower than ICLO's 0.26% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

This table presents a comparison of risk-adjusted performance metrics for Vanguard Federal Money Market Fund (VMFXX) and Invesco Aaa Clo Floating Rate Note ETF (ICLO). 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 VMFXX Sharpe Ratio is 3.63, which is lower than the ICLO Sharpe Ratio of 6.54. The chart below compares the historical Sharpe Ratios of VMFXX and ICLO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

VMFXX's dividend yield for the trailing twelve months is around 5.24%, less than ICLO's 7.20% yield.

The maximum VMFXX drawdown since its inception was 0.00%, smaller than the maximum ICLO drawdown of -0.83%. Use the drawdown chart below to compare losses from any high point for VMFXX and ICLO. For additional features, visit the drawdowns tool.

Vanguard Federal Money Market Fund (VMFXX) has a higher volatility of 0.41% compared to Invesco Aaa Clo Floating Rate Note ETF (ICLO) at 0.23%. This indicates that VMFXX's price experiences larger fluctuations and is considered to be riskier than ICLO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.