3USL.L vs. RMQAX
Compare and contrast key facts about WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX).
3USL.L is managed by WisdomTree. It was launched on Dec 13, 2012. RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: 3USL.L or RMQAX.
Correlation
The correlation between 3USL.L and RMQAX is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
3USL.L vs. RMQAX - Performance Comparison
Key characteristics
3USL.L:
1.97
RMQAX:
0.45
3USL.L:
2.49
RMQAX:
0.94
3USL.L:
1.33
RMQAX:
1.16
3USL.L:
2.17
RMQAX:
0.90
3USL.L:
11.56
RMQAX:
2.84
3USL.L:
6.05%
RMQAX:
8.26%
3USL.L:
35.35%
RMQAX:
52.48%
3USL.L:
-76.72%
RMQAX:
-63.96%
3USL.L:
-7.36%
RMQAX:
-23.19%
Returns By Period
In the year-to-date period, 3USL.L achieves a 66.12% return, which is significantly higher than RMQAX's 19.89% return. Over the past 10 years, 3USL.L has underperformed RMQAX with an annualized return of 22.35%, while RMQAX has yielded a comparatively higher 26.98% annualized return.
3USL.L
66.12%
2.77%
19.10%
71.26%
21.26%
22.35%
RMQAX
19.89%
-15.24%
-9.14%
20.66%
24.09%
26.98%
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3USL.L vs. RMQAX - Expense Ratio Comparison
3USL.L has a 0.75% expense ratio, which is lower than RMQAX's 1.32% expense ratio.
Risk-Adjusted Performance
3USL.L vs. RMQAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
3USL.L vs. RMQAX - Dividend Comparison
Neither 3USL.L nor RMQAX has paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
3USL.L WisdomTree S&P 500 3x Daily Leveraged GB | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 0.00% | 0.14% | 0.00% | 0.00% | 0.00% | 0.10% |
Drawdowns
3USL.L vs. RMQAX - Drawdown Comparison
The maximum 3USL.L drawdown since its inception was -76.72%, which is greater than RMQAX's maximum drawdown of -63.96%. Use the drawdown chart below to compare losses from any high point for 3USL.L and RMQAX. For additional features, visit the drawdowns tool.
Volatility
3USL.L vs. RMQAX - Volatility Comparison
The current volatility for WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) is 9.19%, while Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a volatility of 40.54%. This indicates that 3USL.L experiences smaller price fluctuations and is considered to be less risky than RMQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.