RMQAX vs. QQQ
Compare and contrast key facts about Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and Invesco QQQ (QQQ).
RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMQAX or QQQ.
Correlation
The correlation between RMQAX and QQQ 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. QQQ - Performance Comparison
Key characteristics
RMQAX:
0.34
QQQ:
1.63
RMQAX:
0.81
QQQ:
2.18
RMQAX:
1.13
QQQ:
1.29
RMQAX:
0.69
QQQ:
2.15
RMQAX:
2.18
QQQ:
7.73
RMQAX:
8.21%
QQQ:
3.76%
RMQAX:
52.32%
QQQ:
17.84%
RMQAX:
-63.96%
QQQ:
-82.98%
RMQAX:
-24.45%
QQQ:
-3.77%
Returns By Period
In the year-to-date period, RMQAX achieves a 17.93% return, which is significantly lower than QQQ's 27.01% return. Over the past 10 years, RMQAX has outperformed QQQ with an annualized return of 26.68%, while QQQ has yielded a comparatively lower 18.29% annualized return.
RMQAX
17.93%
-16.77%
-11.10%
21.46%
23.71%
26.68%
QQQ
27.01%
2.87%
7.89%
29.11%
20.41%
18.29%
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RMQAX vs. QQQ - Expense Ratio Comparison
RMQAX has a 1.32% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RMQAX vs. QQQ - 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 Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
RMQAX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 0.00% | 0.14% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
RMQAX vs. QQQ - Drawdown Comparison
The maximum RMQAX drawdown since its inception was -63.96%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RMQAX and QQQ. For additional features, visit the drawdowns tool.
Volatility
RMQAX vs. QQQ - Volatility Comparison
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a higher volatility of 40.08% compared to Invesco QQQ (QQQ) at 5.27%. This indicates that RMQAX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.