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

Correlation

The correlation between VUSXX and VMFXX is 0.90, 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.


-0.50.00.51.00.9

Performance

VUSXX vs. VMFXX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Vanguard Treasury Money Market Fund (VUSXX) 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%2.50%SeptemberOctoberNovemberDecember2025February
2.45%
2.05%
VUSXX
VMFXX

Key characteristics

Sharpe Ratio

VUSXX:

3.62

VMFXX:

3.45

Ulcer Index

VUSXX:

0.00%

VMFXX:

0.00%

Daily Std Dev

VUSXX:

1.44%

VMFXX:

1.39%

Max Drawdown

VUSXX:

0.00%

VMFXX:

0.00%

Current Drawdown

VUSXX:

0.00%

VMFXX:

0.00%

Returns By Period

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


VUSXX

YTD

0.37%

1M

0.37%

6M

2.44%

1Y

5.19%

5Y*

2.51%

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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VUSXX vs. VMFXX - Expense Ratio Comparison

VUSXX has a 0.08% 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%.


VUSXX
Vanguard Treasury Money Market Fund
Expense ratio chart for VUSXX: current value at 0.08% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.08%
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

VUSXX vs. VMFXX - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Vanguard Treasury Money Market Fund (VUSXX) 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 VUSXX, currently valued at 3.62, compared to the broader market-1.000.001.002.003.004.003.623.45
No data
VUSXX
VMFXX

The current VUSXX Sharpe Ratio is 3.62, which is comparable to the VMFXX Sharpe Ratio of 3.45. The chart below compares the historical Sharpe Ratios of VUSXX 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 Ratio3.453.503.553.603.653.703.753.80SeptemberOctoberNovemberDecember2025February
3.62
3.45
VUSXX
VMFXX

Dividends

VUSXX vs. VMFXX - Dividend Comparison

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


TTM202420232022202120202019201820172016
VUSXX
Vanguard Treasury Money Market Fund
5.04%5.12%4.94%1.50%0.02%0.47%2.12%1.62%0.79%0.03%
VMFXX
Vanguard Federal Money Market Fund
5.03%5.11%4.97%1.54%0.01%0.45%2.12%1.61%0.50%0.00%

Drawdowns

VUSXX vs. VMFXX - Drawdown Comparison

The maximum VUSXX 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 VUSXX and VMFXX. For additional features, visit the drawdowns tool.


0.00%SeptemberOctoberNovemberDecember2025February00
VUSXX
VMFXX

Volatility

VUSXX vs. VMFXX - Volatility Comparison

Vanguard Treasury Money Market Fund (VUSXX) has a higher volatility of 0.37% compared to Vanguard Federal Money Market Fund (VMFXX) at 0.00%. This indicates that VUSXX's price experiences larger fluctuations and is considered to be riskier 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%SeptemberOctoberNovemberDecember2025February
0.37%
0
VUSXX
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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