VMFXX vs VUSXX: Which Is Better for Income?

Trailing twelve-month figures where available. Higher yield is highlighted — not a buy recommendation.

Illustrative only — assumes current TTM yield stays constant. Actual distributions change.

Total dividends paid per share in each calendar year.

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.

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 VMFXX and $10,000 in VUSXX.

Largest positions by portfolio weight.