WULF vs. SPAXX
WULF (TeraWulf Inc.) is a stock, while SPAXX (Fidelity Government Money Market Fund) is Money Market fund actively managed by Fidelity. Over the past 5 years, WULF returned 23.22%/yr vs 1.45%/yr for SPAXX. At a 0.01 correlation, their price movements are largely independent.
Performance
WULF vs. SPAXX - Performance Comparison
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Returns By Period
In the year-to-date period, WULF achieves a 126.81% return, which is significantly higher than SPAXX's 1.37% return.
WULF
- 1D
- 2.80%
- 1M
- 12.72%
- YTD
- 126.81%
- 6M
- 81.86%
- 1Y
- 511.74%
- 3Y*
- 163.16%
- 5Y*
- 23.22%
- 10Y*
- 10.71%
SPAXX
- 1D
- 0.00%
- 1M
- 0.28%
- YTD
- 1.37%
- 6M
- 1.67%
- 1Y
- 3.66%
- 3Y*
- 2.42%
- 5Y*
- 1.45%
- 10Y*
- —
WULF vs. SPAXX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
WULF TeraWulf Inc. | 126.81% | 103.00% | 135.83% | 260.58% | -95.58% | 87.81% |
SPAXX Fidelity Government Money Market Fund | 1.37% | 3.96% | 1.54% | 0.41% | 0.00% | 0.00% |
Correlation
The correlation between WULF and SPAXX is 0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.04 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since May 25, 2021 | 0.01 |
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Return for Risk
WULF vs. SPAXX — Risk / Return Rank
WULF
SPAXX
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
WULF vs. SPAXX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for TeraWulf Inc. (WULF) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| WULF | SPAXX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.51 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 16.26 | — | — |
| Martin ratioReturn relative to average drawdown | 43.34 | — | — |
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Drawdowns
WULF vs. SPAXX - Drawdown Comparison
The maximum WULF drawdown since its inception was -98.50%, which is greater than SPAXX's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for WULF and SPAXX.
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Drawdown Indicators
| WULF | SPAXX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -98.50% | 0.00% | -98.50% |
Max Drawdown (1Y)Largest decline over 1 year | -31.74% | 0.00% | -31.74% |
Max Drawdown (3Y)Largest decline over 3 years | -75.77% | 0.00% | -75.77% |
Max Drawdown (5Y)Largest decline over 5 years | -98.50% | 0.00% | -98.50% |
Max Drawdown (10Y)Largest decline over 10 years | -98.50% | — | — |
Current DrawdownCurrent decline from peak | -27.75% | 0.00% | -27.75% |
Average DrawdownAverage peak-to-trough decline | -46.66% | 0.00% | -46.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.89% | 0.00% | +11.89% |
Volatility
WULF vs. SPAXX - Volatility Comparison
TeraWulf Inc. (WULF) has a higher volatility of 25.07% compared to Fidelity Government Money Market Fund (SPAXX) at 0.28%. This indicates that WULF's price experiences larger fluctuations and is considered to be riskier than SPAXX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| WULF | SPAXX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 25.07% | 0.28% | +24.79% |
Volatility (6M)Calculated over the trailing 6-month period | 65.58% | 0.66% | +64.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 106.31% | 1.03% | +105.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.55% | 0.69% | +126.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 101.43% | 0.69% | +100.74% |
Dividends
WULF vs. SPAXX - Dividend Comparison
WULF has not paid dividends to shareholders, while SPAXX's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
SPAXX Fidelity Government Money Market Fund | 3.59% | 3.88% | 1.53% | 0.41% | 0.00% | 0.00% |
WULF TeraWulf Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 33.22% |
Frequently Asked Questions
WULF and SPAXX have a correlation of 0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
WULF has higher volatility (25.07%) compared to SPAXX (0.28%). In terms of maximum drawdown, WULF dropped -98.50% vs SPAXX's 0.00%.
WULF currently has the higher Sharpe Ratio (4.86 vs 3.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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