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:
0.47
QQQ:
1.49
RMQAX:
0.84
QQQ:
2.01
RMQAX:
1.12
QQQ:
1.27
RMQAX:
0.71
QQQ:
1.99
RMQAX:
1.87
QQQ:
6.93
RMQAX:
10.36%
QQQ:
3.89%
RMQAX:
40.89%
QQQ:
18.18%
RMQAX:
-63.96%
QQQ:
-82.98%
RMQAX:
-19.59%
QQQ:
-1.08%
Returns By Period
In the year-to-date period, RMQAX achieves a 7.62% return, which is significantly higher than QQQ's 3.97% return. Over the past 10 years, RMQAX has outperformed QQQ with an annualized return of 27.14%, while QQQ has yielded a comparatively lower 18.67% annualized return.
RMQAX
7.62%
2.70%
2.80%
18.20%
22.89%
27.14%
QQQ
3.97%
1.65%
15.05%
26.26%
19.85%
18.67%
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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 Rank
RMQAX
QQQ
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's dividend yield for the trailing twelve months is around 0.29%, less than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 0.29% | 0.31% | 0.14% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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 10.72% compared to Invesco QQQ (QQQ) at 5.41%. 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.