RMQAX vs. QQQ
Compare and contrast key facts about Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and Invesco QQQ ETF (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.
Performance
RMQAX vs. QQQ - Performance Comparison
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RMQAX vs. QQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | -12.98% | 33.92% | 44.76% | 115.91% | -59.93% | 56.36% | 101.06% | 80.80% | -7.28% | 69.80% |
QQQ Invesco QQQ ETF | -4.76% | 20.77% | 25.58% | 54.86% | -32.58% | 27.42% | 48.62% | 38.96% | -0.13% | 32.66% |
Returns By Period
In the year-to-date period, RMQAX achieves a -12.98% return, which is significantly lower than QQQ's -4.76% return. Over the past 10 years, RMQAX has outperformed QQQ with an annualized return of 31.08%, while QQQ has yielded a comparatively lower 18.99% annualized return.
RMQAX
- 1D
- 7.46%
- 1M
- -10.36%
- YTD
- -12.98%
- 6M
- -11.16%
- 1Y
- 39.20%
- 3Y*
- 37.10%
- 5Y*
- 16.39%
- 10Y*
- 31.08%
QQQ
- 1D
- 1.24%
- 1M
- -3.79%
- YTD
- -4.76%
- 6M
- -2.89%
- 1Y
- 24.21%
- 3Y*
- 22.83%
- 5Y*
- 13.16%
- 10Y*
- 18.99%
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RMQAX vs. QQQ - Expense Ratio Comparison
RMQAX has a 1.32% expense ratio, which is higher than QQQ's 0.18% expense ratio.
Return for Risk
RMQAX vs. QQQ — Risk / Return Rank
RMQAX
QQQ
RMQAX vs. QQQ - 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 Invesco QQQ ETF (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.
| RMQAX | QQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 1.07 | -0.20 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.66 | -0.12 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.00 | -0.35 |
Martin ratioReturn relative to average drawdown | 5.66 | 7.32 | -1.67 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.07 | -0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.59 | -0.23 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.86 | -0.18 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.38 | +0.26 |
Correlation
The correlation between RMQAX and QQQ 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. QQQ - Dividend Comparison
RMQAX's dividend yield for the trailing twelve months is around 41.68%, more than QQQ's 0.48% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 41.68% | 36.27% | 26.02% | 3.76% | 0.00% | 2.18% | 5.30% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ ETF | 0.48% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
Drawdowns
RMQAX vs. QQQ - Drawdown Comparison
The maximum RMQAX drawdown since its inception was -63.18%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for RMQAX and QQQ.
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Drawdown Indicators
| RMQAX | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.18% | -82.97% | +19.79% |
Max Drawdown (1Y)Largest decline over 1 year | -25.11% | -12.62% | -12.49% |
Max Drawdown (5Y)Largest decline over 5 years | -63.18% | -35.12% | -28.06% |
Max Drawdown (10Y)Largest decline over 10 years | -63.18% | -35.12% | -28.06% |
Current DrawdownCurrent decline from peak | -19.36% | -7.86% | -11.50% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -32.99% | +19.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.30% | 3.44% | +3.86% |
Volatility
RMQAX vs. QQQ - Volatility Comparison
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a higher volatility of 13.71% compared to Invesco QQQ ETF (QQQ) at 6.61%. 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.
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Volatility by Period
| RMQAX | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.71% | 6.61% | +7.10% |
Volatility (6M)Calculated over the trailing 6-month period | 26.24% | 12.82% | +13.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.80% | 22.70% | +25.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.26% | 22.38% | +23.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.34% | 22.25% | +24.09% |