Fidelity Money Market Fund (SPRXX) vs Schwab Prime Advantage Money Fund (SWVXX)
Side by side on the numbers that decide it. The money8020 Score already weighs these — this is the receipts.
money8020 pick FI Fidelity Money Market Fund (SPRXX) Fidelity Investments 85/100 | CS Schwab Prime Advantage Money Fund (SWVXX) Charles Schwab 85/100 | |
|---|---|---|
| Tier | Strong | Strong |
| 7-day yield | 3.48% | 3.47% |
| Expense ratio | 0.42% | $0 |
| Minimum | $0 | Investor (SWVXX) |
| Protection | SIPC (not FDIC) | SIPC |
| Annual fee | — | — |
| Best for | Investors parking cash inside a brokerage account | Schwab investors who want a strong-yielding cash fund |
| View profile | View profile |
Which should you choose: the Fidelity Money Market Fund (SPRXX) or the Schwab Prime Advantage Money Fund (SWVXX)?
The Fidelity Money Market Fund (SPRXX) and the Schwab Prime Advantage Money Fund (SWVXX) score evenly at 85/100 in our ranking, so the better choice comes down to fit. Lean to the Schwab Prime Advantage Money Fund (SWVXX) if schwab investors who want a strong-yielding cash fund; otherwise the Fidelity Money Market Fund (SPRXX) is the safer default.
On 7-day yield, the Fidelity Money Market Fund (SPRXX) shows 3.48% versus the Schwab Prime Advantage Money Fund (SWVXX)'s 3.47%. On expense ratio, the Fidelity Money Market Fund (SPRXX) shows 0.42% versus the Schwab Prime Advantage Money Fund (SWVXX)'s $0. On minimum, the Fidelity Money Market Fund (SPRXX) shows $0 versus the Schwab Prime Advantage Money Fund (SWVXX)'s Investor (SWVXX). Both figures are reflected in the money8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Fidelity Money Market Fund (SPRXX) vs Schwab Prime Advantage Money Fund (SWVXX): FAQ
Is the Fidelity Money Market Fund (SPRXX) or the Schwab Prime Advantage Money Fund (SWVXX) better?
The two score evenly at 85/100 in our ranking, so the right pick depends on your situation — the Schwab Prime Advantage Money Fund (SWVXX) fits if schwab investors who want a strong-yielding cash fund, otherwise the Fidelity Money Market Fund (SPRXX) is a safe default.
What is the main difference between the Fidelity Money Market Fund (SPRXX) and the Schwab Prime Advantage Money Fund (SWVXX)?
On 7-day yield, the Fidelity Money Market Fund (SPRXX) offers 3.48% while the Schwab Prime Advantage Money Fund (SWVXX) offers 3.47%. Review the full table above and confirm current terms with each provider. This is not financial advice.