VMFXX vs FZFXX
Side-by-side 7-day yields from the September 2026 month-end N-MFP filings.
Data: September 2026 month-end SEC filings
All figures are from the September 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 September 2026 month-end filings, VMFXX's 7-day yield of 3.79% is 0.27 points above FZFXX's 3.52%.
| VMFXX | FZFXX | |
|---|---|---|
| Fund | Vanguard Federal Money Market Fund | Fidelity Treasury Money Market Fund |
| Category | Government | Government |
| 7-day net yield | 3.79% | 3.52% |
| Yield as of | ||
| Net assets (class) | $376.8B | $42.2B |
| Series gross 7-day yield | 3.90% | 3.94% |
| Implied expense gap (gross − net) | 0.11% | 0.42% |
| WAM / WAL (days) | 22 / 49 | 33 / 94 |
| Daily / weekly liquid assets | 55.3% / 67.8% | 90.0% / 99.0% |
| Minimum initial investment | $3,000 | None |
| 2025 USGO income (state tax) | 66.61% | 61.52% |
| Manager | Vanguard Money Market Reserves | Fidelity Newbury Street Trust |
Five-year yield history
FAQ
Which has a higher 7-day yield, VMFXX or FZFXX?
VMFXX - as of the September 2026 month-end SEC Form N-MFP filings, VMFXX's 7-day net yield of 3.79% is 0.27 percentage points above FZFXX's 3.52%.
Numbers only - this site makes no recommendation between funds. Both rows come from each fund's own September 2026 month-end Form N-MFP filing; yields move daily, so check each fund company for live figures (links on the VMFXX and FZFXX pages).