SPAXX vs SPRXX
Fidelity Government Money Market Fund vs Fidelity Money Market Fund
Quick Verdict
SPAXX offers more diversification with 700 holdings.
Side-by-Side Comparison
| Metric | SPAXX | SPRXX | Winner |
|---|---|---|---|
| Expense Ratio | 0.42% | 0.42% | |
| AUM | $423.8B | $11.8B | |
| Dividend Yield | 3.18% | 3.23% | |
| Holdings | 700 | 299 | |
| YTD Return | +0.00% | +0.00% | |
| 1Y Return | - | - | |
| 3Y Return (annualized) | - | - | |
| 5Y Return (annualized) | - | - | |
| Volatility (annualized) | - | - | |
| Max Drawdown | 0.0% | 0.0% | |
| Fund Family | Fidelity Investments (US) | Fidelity Investments (US) | |
| Category | Money Market | Money Market | |
| Inception | Feb 5, 1990 | Jan 23, 1989 |
SPAXX vs SPRXX Performance
Fidelity Government Money Market Fund (SPAXX) is a mutual fund from Fidelity Investments (US) and Fidelity Money Market Fund (SPRXX) is a mutual fund from Fidelity Investments (US). Year to date, SPAXX is up 0.00% versus a gain of 0.00% for SPRXX.
Risk: Volatility and Drawdowns
The deepest peak-to-trough decline in our data was 0.0% for SPAXX and 0.0% for SPRXX. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
Fees and Cost Over Time
SPAXX charges 0.42% per year while SPRXX charges 0.42%. On a $10,000 position that is $42 vs $42 annually. On income, SPAXX currently yields 3.18% against 3.23% for SPRXX.
Holdings Overlap
SPAXX and SPRXX share 0 holdings out of 53 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, SPAXX or SPRXX?
SPAXX has an expense ratio of 0.42% while SPRXX charges 0.42%. They cost the same. On a $10,000 investment, that is $0 per year of difference.
What is the holdings overlap between SPAXX and SPRXX?
SPAXX and SPRXX share 0 common holdings with a 0.0% weight overlap. Combined, they hold 53 unique securities.
Which pays a higher dividend, SPAXX or SPRXX?
SPAXX yields 3.18% while SPRXX yields 3.23%, so SPRXX currently pays the higher dividend yield.
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