VMFXX vs VUSXX: yields and differences
Both are Vanguard money-market funds. VMFXX has a broader government portfolio and can serve as a Vanguard settlement fund. VUSXX focuses on Treasuries. Compare account access, minimums and the actual annual tax allocation, alongside the same-period 7-day yield.
VMFXX
Vanguard Federal Money Market Fund
- 7-day SEC yield
- 3.63% Older observation; check source
- Expense ratio
- 0.11% Included in reported net yield; do not subtract twice.
- Product
- Government money-market fund
- Minimum investment
- $3,000 reported; account exceptions may apply
VUSXX
Vanguard Treasury Money Market Fund
- 7-day SEC yield
- 3.69% Older observation; check source
- Expense ratio
- 0.07% Included in reported net yield; do not subtract twice.
- Product
- Treasury money-market fund
- Minimum investment
- $3,000 reported; account exceptions may apply
Portfolio and cash access
VMFXX
Cash, government securities and government-collateralized repurchase agreements. Purchased or redeemed at the fund's daily NAV. Vanguard also offers it as a brokerage settlement fund; minimums depend on that role.
Official VMFXX sourceVUSXX
Short-term U.S. Treasury-focused money-market portfolio. Purchased or redeemed at the fund's daily NAV. Check your brokerage's fund availability and minimum investment.
Official VUSXX sourceCompare like-for-like
Check both observation dates before comparing yields. Reported net yields already reflect fund expenses. These funds are investments without deposit insurance; neither a displayed yield nor historical performance guarantees your return.
State tax treatment depends on annual income allocations and state rules. A Treasury portfolio label alone does not establish an exemption percentage.
Compare with explicit tax assumptions