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VMRXX vs. VMFXX
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between VMRXX and VMFXX is 0.98, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.


-0.50.00.51.01.0

Performance

VMRXX vs. VMFXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) and Vanguard Federal Money Market Fund (VMFXX). The values are adjusted to include any dividend payments, if applicable.

0.00%0.50%1.00%1.50%2.00%SeptemberOctoberNovemberDecember2025February
2.07%
2.05%
VMRXX
VMFXX

Key characteristics

Sharpe Ratio

VMRXX:

3.45

VMFXX:

3.45

Ulcer Index

VMRXX:

0.00%

VMFXX:

0.00%

Daily Std Dev

VMRXX:

1.39%

VMFXX:

1.39%

Max Drawdown

VMRXX:

0.00%

VMFXX:

0.00%

Current Drawdown

VMRXX:

0.00%

VMFXX:

0.00%

Returns By Period

Both investments have delivered pretty close results over the past 10 years, with VMRXX having a 1.73% annualized return and VMFXX not far behind at 1.65%.


VMRXX

YTD

0.00%

1M

0.00%

6M

2.06%

1Y

4.79%

5Y*

2.48%

10Y*

1.73%

VMFXX

YTD

0.00%

1M

0.00%

6M

2.05%

1Y

4.78%

5Y*

2.42%

10Y*

1.65%

*Annualized

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VMRXX vs. VMFXX - Expense Ratio Comparison

VMRXX has a 0.10% expense ratio, which is higher than VMFXX's 0.00% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.


VMRXX
Vanguard Cash Reserves Federal Money Market Fund Admiral Shares
Expense ratio chart for VMRXX: current value at 0.10% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.10%
Expense ratio chart for VMFXX: current value at 0.00% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.00%

Risk-Adjusted Performance

VMRXX vs. VMFXX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Cash Reserves Federal Money Market Fund Admiral Shares (VMRXX) and Vanguard Federal Money Market Fund (VMFXX). 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.


Sharpe ratio
The chart of Sharpe ratio for VMRXX, currently valued at 3.45, compared to the broader market-1.000.001.002.003.004.003.453.45
No data
VMRXX
VMFXX

The current VMRXX Sharpe Ratio is 3.45, which is comparable to the VMFXX Sharpe Ratio of 3.45. The chart below compares the historical Sharpe Ratios of VMRXX and VMFXX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio3.453.503.553.60SeptemberOctoberNovemberDecember2025February
3.45
3.45
VMRXX
VMFXX

Dividends

VMRXX vs. VMFXX - Dividend Comparison

VMRXX's dividend yield for the trailing twelve months is around 5.04%, which matches VMFXX's 5.03% yield.


TTM20242023202220212020201920182017
VMRXX
Vanguard Cash Reserves Federal Money Market Fund Admiral Shares
5.04%5.12%4.99%1.55%0.02%0.57%2.27%1.82%0.61%
VMFXX
Vanguard Federal Money Market Fund
5.03%5.11%4.97%1.54%0.01%0.45%2.12%1.61%0.50%

Drawdowns

VMRXX vs. VMFXX - Drawdown Comparison

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


0.00%SeptemberOctoberNovemberDecember2025February00
VMRXX
VMFXX

Volatility

VMRXX vs. VMFXX - Volatility Comparison

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


0.00%0.10%0.20%0.30%0.40%0.50%0.60%SeptemberOctoberNovemberDecember2025February00
VMRXX
VMFXX
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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