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.
Key characteristics
| RMQAX | DXQLX | |
|---|---|---|
| YTD Return | 44.61% | 38.64% |
| 1Y Return | 56.03% | 53.19% |
| 3Y Return (Ann) | 6.16% | 1.72% |
| 5Y Return (Ann) | 31.02% | 26.19% |
| Sharpe Ratio | 1.61 | 1.75 |
| Sortino Ratio | 2.11 | 2.27 |
| Omega Ratio | 1.28 | 1.31 |
| Calmar Ratio | 2.05 | 1.53 |
| Martin Ratio | 7.38 | 7.94 |
| Ulcer Index | 7.61% | 6.72% |
| Daily Std Dev | 34.98% | 30.49% |
| Max Drawdown | -63.96% | -91.88% |
| Current Drawdown | -2.03% | -1.81% |
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
In the year-to-date period, RMQAX achieves a 44.61% return, which is significantly higher than DXQLX's 38.64% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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 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 0.09%, less than DXQLX's 0.33% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 0.09% | 0.14% | 0.00% | 0.00% | 0.00% | 0.10% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 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 -91.88%. 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 9.67% compared to Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) at 8.58%. 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.