VMFXX vs. SPAXX

In the year-to-date period, VMFXX achieves a 0.69% return, which is significantly higher than SPAXX's 0.65% return. Over the past 10 years, VMFXX has outperformed SPAXX with an annualized return of 1.72%, 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 Federal Money Market Fund (VMFXX) 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 VMFXX Sharpe Ratio is 3.28, which is comparable to the SPAXX Sharpe Ratio of 3.03. The chart below compares the historical Sharpe Ratios of VMFXX 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.

VMFXX's dividend yield for the trailing twelve months is around 4.76%, more than SPAXX's 4.48% yield.

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

The current volatility for Vanguard Federal Money Market Fund (VMFXX) is 0.00%, while Fidelity Government Money Market Fund (SPAXX) has a volatility of 0.00%. This indicates that VMFXX experiences smaller price fluctuations and is considered to be less risky than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.