VMFXX vs SWOXX
Side-by-side 7-day yields from the July 2026 month-end N-MFP filings.
Data: July 2026 month-end SEC filings
All figures are from the July 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 July 2026 month-end filings, VMFXX's 7-day yield of 3.62% is 1.31 points above SWOXX's 2.31%.
| VMFXX | SWOXX | |
|---|---|---|
| Fund | Vanguard Federal Money Market Fund | Schwab Municipal Money Fund |
| Category | Government | Tax-exempt (national) |
| 7-day net yield | 3.62% | 2.31% |
| Yield as of | ||
| Net assets (class) | $373.1B | $14.4B |
| Series gross 7-day yield | 3.73% | 2.50% |
| Implied expense gap (gross − net) | 0.11% | 0.19% |
| WAM / WAL (days) | 25 / 56 | 34 / 35 |
| Daily / weekly liquid assets | 48.7% / 68.5% | 16.4% / 76.3% |
| Minimum initial investment | $3,000 | $1,000,000 |
| 2025 USGO income (state tax) | 66.61% | - |
| Manager | Vanguard Money Market Reserves | Charles Schwab Family of Funds |
Five-year yield history
FAQ
Which has a higher 7-day yield, VMFXX or SWOXX?
VMFXX - as of the July 2026 month-end SEC Form N-MFP filings, VMFXX's 7-day net yield of 3.62% is 1.31 percentage points above SWOXX's 2.31%.
Numbers only - this site makes no recommendation between funds. Both rows come from each fund's own July 2026 month-end Form N-MFP filing; yields move daily, so check each fund company for live figures (links on the VMFXX and SWOXX pages).