SPAXX Rate Explained: Why SGOV and TBills Pay You More

The SPAXX rate may seem attractive, but Fidelity’s core money market fund often lags behind SGOV and T-Bills in yield and efficiency. With higher expenses and limited tax benefits, SPAXX delivers lower net returns to investors. SGOV and short-term U.S. Treasuries, on the other hand, offer better yields, liquidity, and safety backed by the U.S. government. For smarter short-term investing, skip the expensive SPAXX fund and choose SGOV or T-Bills for stronger performance.