Fidelity Government Money Market Fund (SPAXX) vs Fidelity Government Money Market Fund (SPAXX)
Side by side on the numbers that decide it. The Money 8020 Score already weighs these — this is the receipts.
Money 8020 pick FI Fidelity Government Money Market Fund (SPAXX) Fidelity Investments 96/100 | FI Fidelity Government Money Market Fund (SPAXX) Fidelity Investments 96/100 | |
|---|---|---|
| Tier | Essential | Essential |
| 7-day yield | 3.43% | 3.43% |
| Expense ratio | 0.42% | 0.42% |
| Minimum | $0 | $0 |
| Protection | SIPC (not FDIC) | SIPC (not FDIC) |
| Annual fee | — | — |
| Best for | Investors parking cash inside a brokerage account | Investors parking cash inside a brokerage account |
| View profile | View profile |
Which should you choose: the Fidelity Government Money Market Fund (SPAXX) or the Fidelity Government Money Market Fund (SPAXX)?
The Fidelity Government Money Market Fund (SPAXX) and the Fidelity Government Money Market Fund (SPAXX) score evenly at 96/100 in our ranking, so the better choice comes down to fit. Lean to the Fidelity Government Money Market Fund (SPAXX) if investors parking cash inside a brokerage account; otherwise the Fidelity Government Money Market Fund (SPAXX) is the safer default.
Fidelity Government Money Market Fund (SPAXX) vs Fidelity Government Money Market Fund (SPAXX): FAQ
Is the Fidelity Government Money Market Fund (SPAXX) or the Fidelity Government Money Market Fund (SPAXX) better?
The two score evenly at 96/100 in our ranking, so the right pick depends on your situation — the Fidelity Government Money Market Fund (SPAXX) fits if investors parking cash inside a brokerage account, otherwise the Fidelity Government Money Market Fund (SPAXX) is a safe default.