Vanguard Cash Reserves Federal Money Market Fund (VMRXX) 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.
Money 8020 pick TV Vanguard Cash Reserves Federal Money Market Fund (VMRXX) The Vanguard Group 96/100 | V Vanguard Federal Money Market Fund (VMFXX) Vanguard 96/100 | |
|---|---|---|
| Tier | Essential | Essential |
| 7-day yield | 3.60% | 3.56% |
| Expense ratio | 0.10% | 0.11% |
| Minimum | $3,000 | $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 Vanguard Cash Reserves Federal Money Market Fund (VMRXX) or the Vanguard Federal Money Market Fund (VMFXX)?
The Vanguard Cash Reserves Federal Money Market Fund (VMRXX) and the Vanguard Federal Money Market Fund (VMFXX) score evenly at 96/100 in our ranking, so the better choice comes down to fit. Lean to the Vanguard Federal Money Market Fund (VMFXX) if vanguard investors parking idle cash at a strong yield; otherwise the Vanguard Cash Reserves Federal Money Market Fund (VMRXX) is the safer default.
On 7-day yield, the Vanguard Cash Reserves Federal Money Market Fund (VMRXX) shows 3.60% versus the Vanguard Federal Money Market Fund (VMFXX)'s 3.56%. On expense ratio, the Vanguard Cash Reserves Federal Money Market Fund (VMRXX) shows 0.10% versus the Vanguard Federal Money Market Fund (VMFXX)'s 0.11%. On protection, the Vanguard Cash Reserves Federal Money Market Fund (VMRXX) shows SIPC (not FDIC) versus the Vanguard Federal Money Market Fund (VMFXX)'s SIPC. Both figures are reflected in the Money 8020 score above; confirm current terms with each provider before deciding. This is not financial advice.
Vanguard Cash Reserves Federal Money Market Fund (VMRXX) vs Vanguard Federal Money Market Fund (VMFXX): FAQ
Is the Vanguard Cash Reserves Federal Money Market Fund (VMRXX) or the Vanguard Federal Money Market Fund (VMFXX) better?
The two score evenly at 96/100 in our ranking, so the right pick depends on your situation — the Vanguard Federal Money Market Fund (VMFXX) fits if vanguard investors parking idle cash at a strong yield, otherwise the Vanguard Cash Reserves Federal Money Market Fund (VMRXX) is a safe default.
What is the main difference between the Vanguard Cash Reserves Federal Money Market Fund (VMRXX) and the Vanguard Federal Money Market Fund (VMFXX)?
On 7-day yield, the Vanguard Cash Reserves Federal Money Market Fund (VMRXX) offers 3.60% 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.