RMQAX vs. QLD
Compare and contrast key facts about Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and ProShares Ultra QQQ (QLD).
RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Performance
RMQAX vs. QLD - Performance Comparison
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RMQAX vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | -19.02% | 33.92% | 44.76% | 115.91% | -59.93% | 56.36% | 101.06% | 80.80% | -7.28% | 69.80% |
QLD ProShares Ultra QQQ | -13.35% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Returns By Period
In the year-to-date period, RMQAX achieves a -19.02% return, which is significantly lower than QLD's -13.35% return. Both investments have delivered pretty close results over the past 10 years, with RMQAX having a 30.14% annualized return and QLD not far behind at 29.40%.
RMQAX
- 1D
- -1.68%
- 1M
- -16.37%
- YTD
- -19.02%
- 6M
- -16.53%
- 1Y
- 31.63%
- 3Y*
- 33.85%
- 5Y*
- 15.55%
- 10Y*
- 30.14%
QLD
- 1D
- 6.72%
- 1M
- -10.26%
- YTD
- -13.35%
- 6M
- -11.03%
- 1Y
- 37.53%
- 3Y*
- 35.41%
- 5Y*
- 15.27%
- 10Y*
- 29.40%
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RMQAX vs. QLD - Expense Ratio Comparison
RMQAX has a 1.32% expense ratio, which is higher than QLD's 0.95% expense ratio.
Return for Risk
RMQAX vs. QLD — Risk / Return Rank
RMQAX
QLD
RMQAX vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and ProShares Ultra QQQ (QLD). 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.
| RMQAX | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.84 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.43 | -0.15 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 1.49 | -0.53 |
Martin ratioReturn relative to average drawdown | 3.36 | 4.88 | -1.52 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RMQAX | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.84 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.34 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.66 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.53 | +0.09 |
Correlation
The correlation between RMQAX and QLD is 1.00, 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.
Dividends
RMQAX vs. QLD - Dividend Comparison
RMQAX's dividend yield for the trailing twelve months is around 44.79%, more than QLD's 0.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 44.79% | 36.27% | 26.02% | 3.76% | 0.00% | 2.18% | 5.30% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Drawdowns
RMQAX vs. QLD - Drawdown Comparison
The maximum RMQAX drawdown since its inception was -63.18%, smaller than the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for RMQAX and QLD.
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Drawdown Indicators
| RMQAX | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.18% | -83.13% | +19.95% |
Max Drawdown (1Y)Largest decline over 1 year | -25.11% | -25.13% | +0.02% |
Max Drawdown (5Y)Largest decline over 5 years | -63.18% | -63.68% | +0.50% |
Max Drawdown (10Y)Largest decline over 10 years | -63.18% | -63.68% | +0.50% |
Current DrawdownCurrent decline from peak | -24.96% | -20.10% | -4.86% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -18.30% | +5.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 7.67% | -0.47% |
Volatility
RMQAX vs. QLD - Volatility Comparison
The current volatility for Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) is 11.12%, while ProShares Ultra QQQ (QLD) has a volatility of 12.96%. This indicates that RMQAX experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMQAX | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.12% | 12.96% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 25.22% | 25.55% | -0.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.33% | 44.91% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.16% | 44.77% | +1.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.29% | 44.47% | +1.82% |