Schwab Prime Advantage Money Fund (SWVXX) vs Vanguard Cash Reserves Federal Money Market Fund (VMRXX)
Side by side on the numbers that decide it. The Money 8020 Score already weighs these — this is the receipts.
CS Schwab Prime Advantage Money Fund (SWVXX) Charles Schwab 85/100 | Money 8020 pick TV Vanguard Cash Reserves Federal Money Market Fund (VMRXX) The Vanguard Group 96/100 | |
|---|---|---|
| Tier | Strong | Essential |
| 7-day yield | 3.47% | 3.60% |
| Minimum investment | $0 | 0.10% |
| Share class | Investor (SWVXX) | $3,000 |
| Protection | SIPC | SIPC (not FDIC) |
| Annual fee | — | — |
| Best for | Schwab investors who want a strong-yielding cash fund | Investors parking cash inside a brokerage account |
| View profile | View profile |
Which should you choose: the Schwab Prime Advantage Money Fund (SWVXX) or the Vanguard Cash Reserves Federal Money Market Fund (VMRXX)?
The Vanguard Cash Reserves Federal Money Market Fund (VMRXX) is the stronger pick of the two, with a Money 8020 score of 96/100 versus 85. Choose the Schwab Prime Advantage Money Fund (SWVXX) instead if schwab investors who want a strong-yielding cash fund.
On 7-day yield, the Schwab Prime Advantage Money Fund (SWVXX) shows 3.47% versus the Vanguard Cash Reserves Federal Money Market Fund (VMRXX)'s 3.60%. On minimum investment, the Schwab Prime Advantage Money Fund (SWVXX) shows $0 versus the Vanguard Cash Reserves Federal Money Market Fund (VMRXX)'s 0.10%. On share class, the Schwab Prime Advantage Money Fund (SWVXX) shows Investor (SWVXX) versus the Vanguard Cash Reserves Federal Money Market Fund (VMRXX)'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.
Schwab Prime Advantage Money Fund (SWVXX) vs Vanguard Cash Reserves Federal Money Market Fund (VMRXX): FAQ
Is the Schwab Prime Advantage Money Fund (SWVXX) or the Vanguard Cash Reserves Federal Money Market Fund (VMRXX) better?
By our scoring, the Vanguard Cash Reserves Federal Money Market Fund (VMRXX) edges ahead with a Money 8020 score of 96/100 versus 85. The Schwab Prime Advantage Money Fund (SWVXX) can still be the better fit if schwab investors who want a strong-yielding cash fund.
What is the main difference between the Schwab Prime Advantage Money Fund (SWVXX) and the Vanguard Cash Reserves Federal Money Market Fund (VMRXX)?
On 7-day yield, the Schwab Prime Advantage Money Fund (SWVXX) offers 3.47% while the Vanguard Cash Reserves Federal Money Market Fund (VMRXX) offers 3.60%. Review the full table above and confirm current terms with each provider. This is not financial advice.