- ISIN
- US78356C5629
- CUSIP
- 78356C562
- Issuer
- Rydex Funds
- Inception Date
- Nov 27, 2014
- Category
- Leveraged Equities
- Min. Investment
- $2,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
RMQAX Performance Chart
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) is up 37.6% since the beginning of the year. RMQAX is currently trading at $690 per share. Investors who bought $1,000 worth of RMQAX shares 5 years ago would now be looking at an investment worth $3,052.
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Returns By Period
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has returned 37.58% so far this year and 81.04% over the past 12 months. Looking at the last ten years, RMQAX has achieved an annualized return of 38.05%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund
- 1D
- 4.97%
- 1M
- 5.59%
- YTD
- 37.58%
- 6M
- 35.14%
- 1Y
- 81.04%
- 3Y*
- 46.90%
- 5Y*
- 25.00%
- 10Y*
- 38.05%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
RMQAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 2015, RMQAX's average daily return is +0.16%, while the average monthly return is +3.00%. At this rate, an investment would double in approximately 2.0 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2026 with a return of +30.8%, while the worst month was Apr 2022 at -26.8%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 4 months.
On a daily basis, RMQAX closed higher 56% of trading days. The best single day was Apr 9, 2025 with a return of +27.5%, while the worst single day was Mar 16, 2020 at -26.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.96% | -5.03% | -10.13% | 30.78% | 20.60% | 0.24% | 37.58% | ||||||
| 2025 | 3.89% | -5.83% | -15.78% | 2.41% | 17.71% | 12.16% | 4.30% | 1.32% | 10.37% | 9.05% | -3.67% | -1.87% | 33.92% |
| 2024 | 3.14% | 10.20% | 1.87% | -9.45% | 12.12% | 11.94% | -3.83% | 1.66% | 4.54% | -2.22% | 10.07% | 0.00% | 44.76% |
| 2023 | 20.83% | -1.23% | 18.43% | 0.52% | 14.82% | 12.46% | 7.10% | -3.65% | -10.61% | -4.67% | 21.01% | 10.60% | 115.91% |
| 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% | 2.12% | 56.36% |
Benchmark Metrics
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund has an annualized alpha of 8.82%, beta of 2.41, and R2 of 0.88 versus S&P 500 Index. Calculated based on daily prices since January 02, 2015.
- This fund captured 311.44% of S&P 500 Index gains and 170.58% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 8.82% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 2.41 means this fund moves significantly more than S&P 500 Index - expect amplified gains in rallies and amplified losses in downturns.
- Alpha
- 8.82%
- Beta
- 2.41
- R²
- 0.88
- Upside Capture
- 311.44%
- Downside Capture
- 170.58%
Expense Ratio
RMQAX has a high expense ratio of 1.32%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
RMQAX ranks 61 for risk / return — better than 61% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RMQAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 2.78 | +0.42 |
| Martin ratioReturn relative to average drawdown | 11.28 | 12.44 | -1.16 |
Dividends
Dividend History
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund provided a 26.36% dividend yield over the last twelve months, with an annual payout of $181.83 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $181.83 | $181.83 | $133.13 | $16.49 | $0.00 | $11.53 | $18.27 | $0.19 |
Dividend yield | 26.36% | 36.27% | 26.02% | 3.76% | 0.00% | 2.18% | 5.30% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $181.83 | $181.83 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $133.13 | $133.13 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $16.49 | $16.49 |
| 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 | $11.53 | $11.53 |
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.
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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 63.18%, occurring on Dec 28, 2022. Recovery took 349 trading sessions.
The current Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund drawdown is 1.83%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -63.18%Dec 2022 | 1y 1mo | 1y 4mo | 2y 6moNov 2021 - May 2024 |
COVID crash2020 | -50.84%Mar 2020 | 29d | 2mo 20d | 3mo 19dFeb 2020 - Jun 2020 |
Rate-hike selloffLate 2018 | -43.55%Dec 2018 | 3mo 26d | 4mo 10d | 8mo 6dAug 2018 - May 2019 |
2025 selloff2025 | -42.45%Apr 2025 | 3mo 22d | 2mo 23d | 6mo 15dDec 2024 - Jun 2025 |
2016 bear market2016 | -30.24%Feb 2016 | 2mo 9d | 5mo 24d | 8mo 3dDec 2015 - Aug 2016 |
Drawdown Indicators
| RMQAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.18% | -56.78% | -6.40% |
Max Drawdown (1Y)Largest decline over 1 year | -24.96% | -9.10% | -15.86% |
Max Drawdown (3Y)Largest decline over 3 years | -42.45% | -18.90% | -23.55% |
Max Drawdown (5Y)Largest decline over 5 years | -63.18% | -25.43% | -37.75% |
Max Drawdown (10Y)Largest decline over 10 years | -63.18% | -33.92% | -29.26% |
Current DrawdownCurrent decline from peak | -1.83% | -1.80% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -12.87% | -10.71% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.07% | 2.03% | +5.04% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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