VMRXX vs SWOXX
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, VMRXX's 7-day yield of 3.80% is 0.73 points above SWOXX's 3.07%.
| VMRXX | SWOXX | |
|---|---|---|
| Fund | Vanguard Cash Reserves Federal Money Market Fund | Schwab Municipal Money Fund |
| Category | Government | Tax-exempt (national) |
| 7-day net yield | 3.80% | 3.07% |
| Yield as of | ||
| Net assets (class) | $116.1B | $15.1B |
| Series gross 7-day yield | 3.90% | 3.26% |
| Implied expense gap (gross − net) | 0.10% | 0.19% |
| WAM / WAL (days) | 22 / 50 | 33 / 35 |
| Daily / weekly liquid assets | 55.5% / 67.8% | 24.5% / 75.0% |
| Minimum initial investment | $3,000 | $1,000,000 |
| 2025 USGO income (state tax) | 69.58% | - |
| Manager | Vanguard Money Market Reserves | Charles Schwab Family of Funds |
Five-year yield history
FAQ
Which has a higher 7-day yield, VMRXX or SWOXX?
VMRXX - as of the September 2026 month-end SEC Form N-MFP filings, VMRXX's 7-day net yield of 3.80% is 0.73 percentage points above SWOXX's 3.07%.
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 VMRXX and SWOXX pages).