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:
0.34
DXQLX:
1.11
RMQAX:
0.68
DXQLX:
1.57
RMQAX:
1.10
DXQLX:
1.21
RMQAX:
0.51
DXQLX:
1.31
RMQAX:
1.16
DXQLX:
5.08
RMQAX:
11.96%
DXQLX:
7.08%
RMQAX:
41.22%
DXQLX:
32.40%
RMQAX:
-63.96%
DXQLX:
-95.28%
RMQAX:
-21.56%
DXQLX:
-4.52%
Returns By Period
In the year-to-date period, RMQAX achieves a 4.99% return, which is significantly higher than DXQLX's 4.28% return. Over the past 10 years, RMQAX has outperformed DXQLX with an annualized return of 25.90%, while DXQLX has yielded a comparatively lower 23.39% annualized return.
RMQAX
4.99%
-2.84%
-6.15%
9.15%
22.59%
25.90%
DXQLX
4.28%
-2.56%
14.48%
31.06%
23.19%
23.39%
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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 0.30%, less than DXQLX's 0.92% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 0.30% | 0.31% | 0.14% | 0.00% | 0.00% | 0.00% | 0.10% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.92% | 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 -63.96%, 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 10.07% compared to Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) at 8.84%. 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.