FDRXX vs SPAXX
Side-by-side 7-day yields from the June 2026 month-end N-MFP filings.
Data: June 2026 month-end SEC filings
All figures are from the June 2026 month-end Form N-MFP filings (report date ) — money-market funds must file within five business days of month-end. Regulatory data, not live quotes.
- As of the June 2026 month-end filings, FDRXX's 7-day yield of 3.36% is 0.07 points above SPAXX's 3.29%.
| FDRXX | SPAXX | |
|---|---|---|
| Fund | Fidelity Government Cash Reserves | Fidelity Government Money Market Fund |
| Category | Government | Government |
| 7-day net yield | 3.36% | 3.29% |
| Yield as of | ||
| Net assets (class) | $246.9B | $424.5B |
| Series gross 7-day yield | 3.72% | 3.71% |
| Implied expense gap (gross − net) | 0.36% | 0.42% |
| WAM / WAL (days) | 45 / 109 | 47 / 113 |
| Daily / weekly liquid assets | 59.0% / 72.0% | 58.0% / 71.0% |
| Minimum initial investment | None | None |
| 2025 USGO income (state tax) | 52.17% | 50.90% |
| Manager | Fidelity Phillips Street Trust | Fidelity Hereford Street Trust |
Five-year yield history
FAQ
Which has a higher 7-day yield, FDRXX or SPAXX?
FDRXX — as of the June 2026 month-end SEC Form N-MFP filings, FDRXX's 7-day net yield of 3.36% is 0.07 percentage points above SPAXX's 3.29%.
Numbers only — this site makes no recommendation between funds. Both rows come from each fund's own June 2026 month-end Form N-MFP filing; yields move daily, so check each fund company for live figures (links on the FDRXX and SPAXX pages).