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.
Key characteristics
| RMQAX | QQQ | |
|---|---|---|
| YTD Return | 44.61% | 24.75% |
| 1Y Return | 56.03% | 32.82% |
| 3Y Return (Ann) | 6.16% | 9.58% |
| 5Y Return (Ann) | 31.02% | 21.02% |
| Sharpe Ratio | 1.61 | 1.91 |
| Sortino Ratio | 2.11 | 2.55 |
| Omega Ratio | 1.28 | 1.35 |
| Calmar Ratio | 2.05 | 2.43 |
| Martin Ratio | 7.38 | 8.85 |
| Ulcer Index | 7.61% | 3.72% |
| Daily Std Dev | 34.98% | 17.21% |
| Max Drawdown | -63.96% | -82.98% |
| Current Drawdown | -2.03% | -1.06% |
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
In the year-to-date period, RMQAX achieves a 44.61% return, which is significantly higher than QQQ's 24.75% 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. 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's dividend yield for the trailing twelve months is around 0.09%, less than QQQ's 0.60% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 0.09% | 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 | 0.60% | 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 9.67% compared to Invesco QQQ (QQQ) at 4.99%. 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.