FDLXX vs SPAXX: Yield, Cost and Returns Compared
As of Nov 5, 2026, FDLXX yields more: 3.33% (7-day yield) against 3.33% for SPAXX. FDLXX's income is mostly exempt from state income tax; SPAXX's is only partly exempt from state income tax.
| Compared | FDLXX | SPAXX |
|---|---|---|
| Yield7-day yield | 3.33% | 3.33% |
| Expense ratio | In the yield | In the yield |
| Pays | Monthly | Monthly |
| Issuer | Fidelity | Fidelity |
| Assets | — | — |
| Started | — | — |
| Type | Treasury money market | Government money market |
Higher yield
FDLXX
3.33%
Lighter state tax
FDLXX
exempt from state income tax
$10,000 earns
$333
a year in FDLXX
Key facts: FDLXX vs SPAXX
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, FDLXX yields 3.33% (7-day yield) and SPAXX yields 3.33% (7-day yield).
- FDLXX's income is mostly exempt from state income tax, while SPAXX's is only partly exempt from state income tax.
Cite this page
SmarterDividends, "FDLXX vs SPAXX: Yield, Cost and Returns Compared," updated Nov 5, 2026, https://smarterdividends.com/compare/fdlxx-vs-spaxx
What each holds and how it's taxed
- FDLXX · Treasury money market
- A Treasury money market fund: Treasury bills and, for some, repurchase agreements backed by Treasuries. Most of its income is usually exempt from state income tax; the fund publishes the exact share each year.
- SPAXX · Government money market
- A government money market fund: Treasuries, agency debt and repurchase agreements. Only the part earned from Treasuries is exempt from state tax, which the fund reports each year.
General information, not tax advice. Every cash fund by yield →
FDLXX vs SPAXX: questions
Is FDLXX or SPAXX better?
It depends on the job. FDLXX pays more today (3.33% vs 3.33%). For cash you may need soon, yield after tax and how easily you can get the money out matter more than past returns.
Which pays a higher dividend, FDLXX or SPAXX?
FDLXX, at 3.33% against 3.33% for SPAXX as of Nov 5, 2026. On $10,000 that's about $333 vs $333 a year at today's rates.
How are FDLXX and SPAXX taxed?
FDLXX: A Treasury money market fund: Treasury bills and, for some, repurchase agreements backed by Treasuries. Most of its income is usually exempt from state income tax; the fund publishes the exact share each year. SPAXX: A government money market fund: Treasuries, agency debt and repurchase agreements. Only the part earned from Treasuries is exempt from state tax, which the fund reports each year. General information, not tax advice.
Related comparisons
Yields, costs and holdings as each fund reports them (via Yahoo Finance), updated daily; returns from month-end prices with distributions reinvested. For information only, not investment advice. Last fund data: Nov 5, 2026.