HighPass Asset Management

When comparing FDRXX vs SPAXX, both Fidelity funds serve as cash alternatives but often underperform options like SGOV or T-Bills. SPAXX carries higher expenses and lower yields, while FDRXX offers only modest improvement. SGOV and Treasury Bills, with minimal risk and better tax advantages, consistently deliver higher returns. For investors seeking short-term growth, SGOV or T-Bills are smarter, more efficient choices than these costly Fidelity money market funds.

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