Fidelity Government Money Market Fund (SPAXX) vs Fidelity Money Market Fund (SPRXX)
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 Money Market Fund (SPRXX) Fidelity Investments 85/100 | |
|---|---|---|
| Tier | Essential | Strong |
| 7-day yield | 3.43% | 3.48% |
| 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 Money Market Fund (SPRXX)?
The Fidelity Government Money Market Fund (SPAXX) is the stronger pick of the two, with a Money 8020 score of 96/100 versus 85. Choose the Fidelity Money Market Fund (SPRXX) instead if investors parking cash inside a brokerage account.
On 7-day yield, the Fidelity Government Money Market Fund (SPAXX) shows 3.43% versus the Fidelity Money Market Fund (SPRXX)'s 3.48%. Both figures are reflected in the Money 8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Fidelity Government Money Market Fund (SPAXX) vs Fidelity Money Market Fund (SPRXX): FAQ
Is the Fidelity Government Money Market Fund (SPAXX) or the Fidelity Money Market Fund (SPRXX) better?
By our scoring, the Fidelity Government Money Market Fund (SPAXX) edges ahead with a Money 8020 score of 96/100 versus 85. The Fidelity Money Market Fund (SPRXX) can still be the better fit if investors parking cash inside a brokerage account.
What is the main difference between the Fidelity Government Money Market Fund (SPAXX) and the Fidelity Money Market Fund (SPRXX)?
On 7-day yield, the Fidelity Government Money Market Fund (SPAXX) offers 3.43% while the Fidelity Money Market Fund (SPRXX) offers 3.48%. Review the full table above and confirm current terms with each provider. This is not financial advice.