Investment loss當然沒有保險。保險是指fidelity如果破產。

Is SPAXX protected by SIPC?

 

 

Please note that neither SPAXX or FZSXX are FDIC insured. Instead, they're insured by the Securities Investor Protection Corporation (SIPC) instead. SIPC doesn't protect against investor losses, it only protects against the bankruptcy of a brokerage company and investor fraud.