VMFXX vs. SGOV
Compare and contrast key facts about Vanguard Federal Money Market Fund (VMFXX) and iShares 0-3 Month Treasury Bond ETF (SGOV).
VMFXX is managed by Vanguard. It was launched on Sep 1, 2010. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: VMFXX or SGOV.
Key characteristics
| VMFXX | SGOV | |
|---|---|---|
| YTD Return | 3.59% | 3.83% |
| 1Y Return | 5.45% | 5.46% |
| 3Y Return (Ann) | 3.40% | 3.51% |
| Sharpe Ratio | 3.63 | 22.51 |
| Daily Std Dev | 1.49% | 0.24% |
| Max Drawdown | 0.00% | -0.03% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between VMFXX and SGOV is 0.03, 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.
Performance
VMFXX vs. SGOV - Performance Comparison
In the year-to-date period, VMFXX achieves a 3.59% return, which is significantly lower than SGOV's 3.83% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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VMFXX vs. SGOV - Expense Ratio Comparison
VMFXX has a 0.00% expense ratio, which is lower than SGOV's 0.03% 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%.
Risk-Adjusted Performance
VMFXX vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Federal Money Market Fund (VMFXX) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
Dividends
VMFXX vs. SGOV - Dividend Comparison
VMFXX's dividend yield for the trailing twelve months is around 5.30%, more than SGOV's 5.23% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VMFXX Vanguard Federal Money Market Fund | 5.30% | 4.97% | 1.54% | 0.01% | 0.45% | 2.12% | 1.61% | 0.50% | 0.00% | 0.00% | 0.00% | 0.01% |
SGOV iShares 0-3 Month Treasury Bond ETF | 5.23% | 4.87% | 1.45% | 0.03% | 0.05% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
VMFXX vs. SGOV - Drawdown Comparison
The maximum VMFXX drawdown since its inception was 0.00%, smaller than the maximum SGOV drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for VMFXX and SGOV. For additional features, visit the drawdowns tool.
Volatility
VMFXX vs. SGOV - Volatility Comparison
Vanguard Federal Money Market Fund (VMFXX) has a higher volatility of 0.45% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.08%. This indicates that VMFXX's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.