RMQAX vs. DXQLX
Compare and contrast key facts about Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX).
RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014. DXQLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMQAX or DXQLX.
Correlation
The correlation between RMQAX and DXQLX is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
RMQAX vs. DXQLX - Performance Comparison
Key characteristics
RMQAX:
-0.04
DXQLX:
-0.02
RMQAX:
0.39
DXQLX:
0.29
RMQAX:
1.06
DXQLX:
1.04
RMQAX:
-0.04
DXQLX:
-0.03
RMQAX:
-0.11
DXQLX:
-0.09
RMQAX:
18.75%
DXQLX:
10.92%
RMQAX:
59.94%
DXQLX:
45.08%
RMQAX:
-63.18%
DXQLX:
-95.28%
RMQAX:
-45.15%
DXQLX:
-29.96%
Returns By Period
In the year-to-date period, RMQAX achieves a -26.59% return, which is significantly lower than DXQLX's -23.51% return. Over the past 10 years, RMQAX has outperformed DXQLX with an annualized return of 25.46%, while DXQLX has yielded a comparatively lower 19.54% annualized return.
RMQAX
-26.59%
-14.94%
-22.77%
6.30%
24.61%
25.46%
DXQLX
-23.51%
-13.07%
-19.71%
6.40%
18.23%
19.54%
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RMQAX vs. DXQLX - Expense Ratio Comparison
RMQAX has a 1.32% expense ratio, which is lower than DXQLX's 1.39% expense ratio.
Risk-Adjusted Performance
RMQAX vs. DXQLX — Risk-Adjusted Performance Rank
RMQAX
DXQLX
RMQAX vs. DXQLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX). 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
RMQAX vs. DXQLX - Dividend Comparison
RMQAX's dividend yield for the trailing twelve months is around 35.44%, more than DXQLX's 1.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 35.44% | 26.02% | 3.76% | 0.00% | 2.18% | 5.30% | 0.10% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 1.25% | 0.33% | 0.00% | 0.00% | 0.00% | 0.28% | 0.00% |
Drawdowns
RMQAX vs. DXQLX - Drawdown Comparison
The maximum RMQAX drawdown since its inception was -63.18%, smaller than the maximum DXQLX drawdown of -95.28%. Use the drawdown chart below to compare losses from any high point for RMQAX and DXQLX. For additional features, visit the drawdowns tool.
Volatility
RMQAX vs. DXQLX - Volatility Comparison
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a higher volatility of 34.27% compared to Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) at 29.59%. This indicates that RMQAX's price experiences larger fluctuations and is considered to be riskier than DXQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.