Dividend comparison

FDLXX vs SWVXX: Which Is Better for Income?

Fees, yield, total returns, drawdowns, holdings overlap and dividend history for Fidelity Treasury Only Money Markey Fund and Schwab Prime Advantage Money Fund - Investor, side by side. Updated October 21, 2026.

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FDLXX vs SWVXX: key differences
The short answer, from the latest data on this page.
  • Income. SWVXX pays more income, yielding 3.58% over the last twelve months versus 3.38% for FDLXX. That is about $20 more a year on $10,000. FDLXX pays annual, SWVXX pays monthly.
  • Dividend growth. FDLXX grew its yearly payout 327.9% a year over the last 4 years, versus 223.8% for SWVXX.

Bottom line: FDLXX has the edge on these figures, with faster dividend growth. SWVXX does not lead on any of the measures compared here.

Side-by-side snapshot
Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.
MetricFDLXX
Fidelity Treasury Only Money Markey Fund
SWVXX
Schwab Prime Advantage Money Fund - Investor
Dividend yield (TTM)3.38%3.58%
Dividend / share (TTM)$0.03$0.04
Payout frequencyAnnualMonthly
Last dividend$0.0028 on Oct 1, 2026$0.0030 on Sep 30, 2026
Ex-dividend dateSep 30, 2026Sep 30, 2026
Dividend growth (CAGR)327.9% over 4 yrs223.8% over 4 yrs
Price$1.00$1.00
Beta0.000.02
Max drawdown (5Y)0.0%0.0%
Market cap—$245.26B
ExchangeNASDAQNASDAQ
Income on a $10,000 investment
Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

FDLXX

$28.16/mo

$338 /yr at 3.38% yield

SWVXX

$29.84/mo

$358 /yr at 3.58% yield

Dividend history
Total dividends paid per share in each calendar year. FDLXX pays annual; SWVXX pays monthly.
YearFDLXXSWVXX
2025$0.0389$0.0406
2024$0.0486$0.0500
2023$0.0443$0.0491
2022$0.0095$0.0156
2021$0.0001$0.0004
Strategy: Cash equivalent
Funds holding short-dated US government paper, where the objective is that the principal is there when you need it. Yield follows short-term interest rates with a short lag rather than being locked in, so income falls when the central bank cuts and rises when it hikes. Because the underlying holdings are nearly identical across providers, the expense ratio comes almost directly out of what you receive.

There is no growth here by design, and purchasing power erodes whenever the after-tax yield sits below inflation.

Performance
Total returns with dividends reinvested, from the adjusted closing price series. $10,000 invested on Jun 22, 2026 would now be worth $10,000 in FDLXX and $10,000 in SWVXX.
PeriodFDLXXSWVXX
1 month0.00%0.00%
3 months0.00%0.00%
Year to date—0.00%
1 year—0.00%
3 years—1.73%
5 years——
  • FDLXX
  • SWVXX
951001052026100100

Both series indexed to 100 on 2026-06-22 using the adjusted closing price series. Past performance does not guarantee future results.

Quick verdict

FDLXX has the edge on these figures, with faster dividend growth. SWVXX does not lead on any of the measures compared here. Model the holding inside your real portfolio before deciding.

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Frequently asked questions

Is FDLXX or SWVXX better for dividend income?
It depends on your goals. FDLXX currently yields 3.38% Trailing Twelve Months (TTM) while SWVXX yields 3.58%. Higher yield means more current income per dollar invested, but may come with different risk, growth, or NAV characteristics. Compare total return and payout sustainability — not just the headline yield.
What is the difference between FDLXX and SWVXX?
Fidelity Treasury Only Money Markey Fund (FDLXX) is an ETF listed on NASDAQ. Schwab Prime Advantage Money Fund - Investor (SWVXX) is an ETF listed on NASDAQ. Side-by-side metrics on this page cover yield, fees, returns, drawdowns, holdings overlap and dividend history when available.
How often do FDLXX and SWVXX pay dividends?
FDLXX pays annual and SWVXX pays monthly.
How much income does $10,000 in FDLXX vs SWVXX generate?
At current TTM yields, $10,000 in FDLXX would generate roughly $28.16 per month ($338 annually). The same amount in SWVXX would produce about $29.84 per month ($358 annually). Actual payouts vary with distribution changes and reinvestment.
Can I hold both FDLXX and SWVXX?
Yes. Many income investors hold both to diversify strategy or index exposure. Whether the combination actually diversifies depends on overlapping holdings and factor exposure. Model both inside Dividend Wealth to see combined income, sector mix, and forecast impact.
Where can I compare FDLXX vs SWVXX with my full portfolio?
Create a free Dividend Wealth account to import or enter holdings, forecast dividend income, and see how FDLXX and SWVXX fit alongside the rest of your portfolio. A 14-day free trial of Standard is available with no credit card required; a limited Free plan is also available.

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For informational and educational purposes only. Not investment advice. Past performance and current yields do not guarantee future results. Verify figures independently before making investment decisions.