VMFXX vs VMSXX
Side-by-side 7-day yields from the October 2026 month-end N-MFP filings.
Data: October 2026 month-end SEC filings
All figures are from the October 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 October 2026 month-end filings, VMFXX's 7-day yield of 3.88% is 1.61 points above VMSXX's 2.27%.
| VMFXX | VMSXX | |
|---|---|---|
| Fund | Vanguard Federal Money Market Fund | Vanguard Municipal Money Market Fund |
| Category | Government | Tax-exempt (national) |
| 7-day net yield | 3.88% | 2.27% |
| Yield as of | ||
| Net assets (class) | $374.1B | $19.5B |
| Series gross 7-day yield | 3.99% | 2.38% |
| Implied expense gap (gross − net) | 0.11% | 0.11% |
| WAM / WAL (days) | 25 / 50 | 14 / 16 |
| Daily / weekly liquid assets | 56.0% / 68.6% | - / 90.3% |
| Minimum initial investment | $3,000 | $3,000 |
| 2025 USGO income (state tax) | 66.61% | - |
| Manager | Vanguard Money Market Reserves | Vanguard Municipal Bond Funds |
Five-year yield history
FAQ
Which has a higher 7-day yield, VMFXX or VMSXX?
VMFXX - as of the October 2026 month-end SEC Form N-MFP filings, VMFXX's 7-day net yield of 3.88% is 1.61 percentage points above VMSXX's 2.27%.
Numbers only - this site makes no recommendation between funds. Both rows come from each fund's own October 2026 month-end Form N-MFP filing; yields move daily, so check each fund company for live figures (links on the VMFXX and VMSXX pages).