Fidelity Money Market Fund (SPRXX) vs Vanguard Federal Money Market Fund (VMFXX)
Side by side on the numbers that decide it. The Money 8020 Score already weighs these — this is the receipts.
FI Fidelity Money Market Fund (SPRXX) Fidelity Investments 85/100 | Money 8020 pick V Vanguard Federal Money Market Fund (VMFXX) Vanguard 96/100 | |
|---|---|---|
| Tier | Strong | Essential |
| 7-day yield | 3.48% | 3.56% |
| Expense ratio | 0.42% | 0.11% |
| Minimum | $0 | $3,000 |
| Protection | SIPC (not FDIC) | SIPC |
| Annual fee | — | — |
| Best for | Investors parking cash inside a brokerage account | Vanguard investors parking idle cash at a strong yield |
| View profile | View profile |
Which should you choose: the Fidelity Money Market Fund (SPRXX) or the Vanguard Federal Money Market Fund (VMFXX)?
The Vanguard Federal Money Market Fund (VMFXX) 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 Money Market Fund (SPRXX) shows 3.48% versus the Vanguard Federal Money Market Fund (VMFXX)'s 3.56%. On expense ratio, the Fidelity Money Market Fund (SPRXX) shows 0.42% versus the Vanguard Federal Money Market Fund (VMFXX)'s 0.11%. On minimum, the Fidelity Money Market Fund (SPRXX) shows $0 versus the Vanguard Federal Money Market Fund (VMFXX)'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 Money Market Fund (SPRXX) vs Vanguard Federal Money Market Fund (VMFXX): FAQ
Is the Fidelity Money Market Fund (SPRXX) or the Vanguard Federal Money Market Fund (VMFXX) better?
By our scoring, the Vanguard Federal Money Market Fund (VMFXX) 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 Money Market Fund (SPRXX) and the Vanguard Federal Money Market Fund (VMFXX)?
On 7-day yield, the Fidelity Money Market Fund (SPRXX) offers 3.48% while the Vanguard Federal Money Market Fund (VMFXX) offers 3.56%. Review the full table above and confirm current terms with each provider. This is not financial advice.