Fidelity Government Money Market Fund (SPAXX) vs Vanguard Treasury Money Market Fund (VUSXX)
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 | TV Vanguard Treasury Money Market Fund (VUSXX) The Vanguard Group 94/100 | |
|---|---|---|
| Tier | Essential | Essential |
| 7-day yield | 3.43% | 3.60% |
| Expense ratio | 0.42% | 0.09% |
| Minimum | $0 | $3,000 |
| 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 Vanguard Treasury Money Market Fund (VUSXX)?
The Fidelity Government Money Market Fund (SPAXX) is the stronger pick of the two, with a Money 8020 score of 96/100 versus 94. Choose the Vanguard Treasury Money Market Fund (VUSXX) 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 Vanguard Treasury Money Market Fund (VUSXX)'s 3.60%. On expense ratio, the Fidelity Government Money Market Fund (SPAXX) shows 0.42% versus the Vanguard Treasury Money Market Fund (VUSXX)'s 0.09%. On minimum, the Fidelity Government Money Market Fund (SPAXX) shows $0 versus the Vanguard Treasury Money Market Fund (VUSXX)'s $3,000. 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 Vanguard Treasury Money Market Fund (VUSXX): FAQ
Is the Fidelity Government Money Market Fund (SPAXX) or the Vanguard Treasury Money Market Fund (VUSXX) better?
By our scoring, the Fidelity Government Money Market Fund (SPAXX) edges ahead with a Money 8020 score of 96/100 versus 94. The Vanguard Treasury Money Market Fund (VUSXX) 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 Vanguard Treasury Money Market Fund (VUSXX)?
On 7-day yield, the Fidelity Government Money Market Fund (SPAXX) offers 3.43% while the Vanguard Treasury Money Market Fund (VUSXX) offers 3.60%. Review the full table above and confirm current terms with each provider. This is not financial advice.