Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) belongs to the Leveraged Equities category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with RMQAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to RMQAX
RMQAX charges 1.32% annually. There are 3 mutual funds in the Leveraged Equities category with lower expense ratios, going as low as 1.19%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Monthly NASDAQ-100 Bull 1.25X Fund | 1.19% | — | Mar 2016 | RMQAX vs DXNLX | |
| Rydex Nova Fund | 1.23% | — | Jul 1993 | RMQAX vs RYNVX | |
| Rydex Monthly Rebalance NASDAQ-100 2x Strategy H | 1.27% | — | Nov 2014 | RMQAX vs RMQHX | |
| Direxion Monthly S&P 500 Bull 1.75X Fund | 1.35% | — | May 2006 | RMQAX vs DXSLX | |
| Direxion Monthly Small Cap Bull 1.75X Fund | 1.35% | — | Feb 1999 | RMQAX vs DXRLX |
Best Risk-Adjusted Alternatives to RMQAX
RMQAX has a PortfoliosLab risk / return rank of 27. There are 28 mutual funds in the Leveraged Equities category with higher risk-adjusted ranks, going as high as 94.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds Pharmaceuticals UltraSector Fund | 94 | — | Jun 2000 | RMQAX vs PHPIX | |
| ProFunds Biotechnology UltraSector Fund | 93 | — | Jun 2000 | RMQAX vs BIPIX | |
| ProFunds UltraJapan Fund | 86 | — | Feb 2000 | RMQAX vs UJPIX | |
| ProFunds UltraLatin America Fund | 84 | — | Oct 2007 | RMQAX vs UBPIX | |
| Direxion Monthly Small Cap Bull 1.75X Fund | 68 | — | Feb 1999 | RMQAX vs DXRLX |
Top Performing RMQAX Alternatives (YTD)
RMQAX is at 17.71% YTD. There are 18 mutual funds in the Leveraged Equities category with higher YTD returns, going as high as 51.11%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds UltraSector Oil & Gas Fund | 51.11% | — | Jun 2000 | RMQAX vs ENPIX | |
| ProFunds UltraJapan Fund | 48.99% | — | Feb 2000 | RMQAX vs UJPIX | |
| ProFunds Semiconductor UltraSector Fund Investor C... | 41.26% | — | Jun 2000 | RMQAX vs SMPIX | |
| Rydex Japan 2x Strategy Fund | 38.05% | — | Feb 2008 | RMQAX vs RYJSX | |
| ProFunds UltraLatin America Fund | 37.86% | — | Oct 2007 | RMQAX vs UBPIX |
Lowest Volatility Alternatives to RMQAX
RMQAX has 39.25% 1-year volatility. There are 33 mutual funds in the Leveraged Equities category with lower 1-year volatility, going as low as 12.86%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds Bull Investor Fund | 12.86% | — | Nov 1997 | RMQAX vs BLPIX | |
| Rydex Nova Fund | 19.32% | — | Jul 1993 | RMQAX vs RYNVX | |
| Rydex Europe 1.25x Strategy Fund | 20.25% | — | May 2000 | RMQAX vs RYEUX | |
| ProFunds Consumer Goods UltraSector Fund | 21.12% | — | Jan 2004 | RMQAX vs CNPIX | |
| ProFunds Real Estate UltraSector Fund | 21.55% | — | Jun 2000 | RMQAX vs REPIX |
Lowest Drawdown Alternatives to RMQAX
RMQAX has a 1-year max drawdown of -24.96%. There are 32 mutual funds in the Leveraged Equities category with shallower 1-year drawdowns, going as shallow as -9.21%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProFunds Bull Investor Fund | -9.21% | — | Nov 1997 | RMQAX vs BLPIX | |
| ProFunds Real Estate UltraSector Fund | -12.68% | — | Jun 2000 | RMQAX vs REPIX | |
| Rydex Mid-Cap 1.5x Strategy Fund | -13.50% | — | Aug 2001 | RMQAX vs RYMDX | |
| Rydex Nova Fund | -13.84% | — | Jul 1993 | RMQAX vs RYNVX | |
| ProFunds Consumer Goods UltraSector Fund | -14.47% | — | Jan 2004 | RMQAX vs CNPIX |
Other Mutual Funds from Rydex Funds
The 10 most viewed Rydex Funds mutual funds shown here include RYSIX, RYVYX, RYTNX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Rydex Electronics Fund | Technology Equities | 85 | 54.68% | — | Mar 1998 | RMQAX vs RYSIX | |
| Rydex NASDAQ-100 2x Strategy Fund | Leveraged Equities | 26 | 18.43% | — | May 2000 | RMQAX vs RYVYX | |
| Rydex S&P 500 2x Strategy Fund | Leveraged Equities | 38 | 15.52% | — | May 2000 | RMQAX vs RYTNX | |
| Rydex S&P 500 Pure Growth Fund | Large Cap Growth Equities | 20 | 18.71% | — | Feb 2004 | RMQAX vs RYGRX | |
| Rydex Dow Jones Industrial Average Fund | Large Cap Value Equities | 51 | 9.16% | — | Dec 2015 | RMQAX vs RYDAX | |
| Rydex Precious Metals Fund | Precious Metals | 25 | -11.80% | — | Nov 1993 | RMQAX vs RYPMX | |
| Rydex Technology Fund | Technology Equities | 48 | 23.28% | — | Apr 1998 | RMQAX vs RYTIX | |
| Rydex Inverse S&P 500 Strategy Fund | Inverse Equities | 0 | -6.68% | — | Jan 1994 | RMQAX vs RYURX | |
| Rydex Inverse NASDAQ-100 Strategy Fund | Inverse Equities | 1 | -9.76% | — | Sep 1998 | RMQAX vs RYAIX | |
| Rydex S&P MidCap 400 Pure Growth Fund | Mid Cap Growth Equities | 25 | 12.27% | — | Feb 2004 | RMQAX vs RYCKX |
Often Compared With RMQAX
Investors most often compare RMQAX with DXQLX, QQQ, RYOCX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare RMQAX with Any Fund or Stock
Compare RMQAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair RMQAX with funds that move differently
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to RMQAX.
Explore RMQAX Diversifiers