Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX)
The investment seeks to provide investment results that match, before fees and expenses, the performance of a specific benchmark on a calendar month basis. The fund's current benchmark is 200% of the performance of the NASDAQ-100 Index (the "underlying index"). Under normal circumstances, it will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies in the underlying index and securities and financial instruments with economic characteristics that should perform similarly to the securities of companies in the fund's benchmark. It is non-diversified.
Fund Info
| ISIN | US78356C5629 |
|---|---|
| CUSIP | 78356C562 |
| Issuer | Rydex Funds |
| Inception Date | Nov 27, 2014 |
| Category | Leveraged Equities, Leveraged |
| Min. Investment | $2,500 |
| Asset Class | Equity |
Asset Class Size | Large-Cap |
Asset Class Style | Growth |
Expense Ratio
RMQAX has a high expense ratio of 1.32%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: RMQAX vs. RYVYX, RMQAX vs. RYTNX, RMQAX vs. 3USL.L, RMQAX vs. TQQQ, RMQAX vs. SPY, RMQAX vs. DXQLX, RMQAX vs. SSO, RMQAX vs. RYOCX, RMQAX vs. USNQX, RMQAX vs. QQQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund had a return of 44.61% year-to-date (YTD) and 56.03% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 44.61% | 24.72% |
| 1 month | 6.69% | 2.30% |
| 6 months | 22.46% | 12.31% |
| 1 year | 56.03% | 32.12% |
| 5 years (annualized) | 31.02% | 13.81% |
| 10 years (annualized) | N/A | 11.31% |
Monthly Returns
The table below presents the monthly returns of RMQAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 3.14% | 10.20% | 1.87% | -9.45% | 12.12% | 11.94% | -3.83% | 1.66% | 4.54% | -2.22% | 44.61% | ||
| 2023 | 20.83% | -1.23% | 18.43% | 0.52% | 14.82% | 12.46% | 7.10% | -3.65% | -10.61% | -4.67% | 21.01% | 6.47% | 107.84% |
| 2022 | -17.20% | -9.19% | 8.22% | -26.83% | -3.41% | -18.19% | 24.91% | -10.54% | -21.48% | 7.60% | 10.72% | -18.52% | -59.93% |
| 2021 | 0.51% | -0.25% | 2.83% | 11.70% | -2.47% | 12.59% | 5.48% | 8.32% | -11.53% | 15.63% | 3.61% | -0.04% | 53.05% |
| 2020 | 5.71% | -11.79% | -16.10% | 30.35% | 12.46% | 12.59% | 14.70% | 22.15% | -11.49% | -6.47% | 22.01% | 4.03% | 90.14% |
| 2019 | 17.91% | 5.54% | 7.68% | 10.61% | -16.85% | 14.93% | 4.36% | -4.12% | 1.36% | 8.37% | 7.89% | 7.63% | 80.80% |
| 2018 | 17.09% | -2.70% | -8.16% | 0.53% | 11.00% | 1.85% | 4.99% | 11.60% | -0.83% | -17.60% | -0.63% | -18.05% | -7.28% |
| 2017 | 10.32% | 8.56% | 3.86% | 5.28% | 7.48% | -5.06% | 8.08% | 3.77% | -0.49% | 8.81% | 3.85% | 0.75% | 69.80% |
| 2016 | -13.07% | -3.40% | 13.43% | -6.39% | 8.69% | -4.73% | 14.13% | 1.96% | 4.28% | -3.12% | 0.64% | 2.10% | 11.54% |
| 2015 | -0.32% | 14.37% | -4.79% | 3.64% | 4.46% | -4.95% | 8.67% | -13.70% | -4.09% | 22.29% | 0.92% | -3.15% | 20.08% |
| 2014 | -4.78% | -4.78% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RMQAX is 41, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund provided a 0.09% dividend yield over the last twelve months, with an annual payout of $0.60 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Dividend | $0.60 | $0.60 | $0.00 | $0.00 | $0.00 | $0.19 |
Dividend yield | 0.09% | 0.14% | 0.00% | 0.00% | 0.00% | 0.10% |
Monthly Dividends
The table displays the monthly dividend distributions for Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $0.60 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.19 | $0.19 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund was 63.96%, occurring on Dec 28, 2022. Recovery took 365 trading sessions.
The current Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund drawdown is 2.03%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -63.96% | Nov 22, 2021 | 277 | Dec 28, 2022 | 365 | Jun 12, 2024 | 642 |
| -50.84% | Feb 20, 2020 | 22 | Mar 20, 2020 | 54 | Jun 8, 2020 | 76 |
| -43.55% | Aug 30, 2018 | 80 | Dec 24, 2018 | 89 | May 3, 2019 | 169 |
| -30.24% | Dec 2, 2015 | 47 | Feb 9, 2016 | 120 | Aug 1, 2016 | 167 |
| -27.65% | Jul 21, 2015 | 26 | Aug 25, 2015 | 49 | Nov 3, 2015 | 75 |
Volatility
Volatility Chart
The current Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund volatility is 9.67%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.