RMQAX vs. RYAIX
RMQAX (Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund) and RYAIX (Rydex Inverse NASDAQ-100 Strategy Fund) are both mutual funds - RMQAX is a Leveraged Equities fund managed by Rydex Funds, while RYAIX is a Inverse Equities fund managed by Rydex Funds. Over the past 10 years, RMQAX returned 34.08%/yr vs -18.14%/yr for RYAIX. Their -0.99 correlation means they have often moved in opposite directions in the past. RMQAX charges 1.32%/yr vs 1.55%/yr for RYAIX.
Performance
RMQAX vs. RYAIX - Performance Comparison
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Returns By Period
In the year-to-date period, RMQAX achieves a 17.71% return, which is significantly higher than RYAIX's -9.76% return. Over the past 10 years, RMQAX has outperformed RYAIX with an annualized return of 34.08%, while RYAIX has yielded a comparatively lower -18.14% annualized return.
RMQAX
- 1D
- 1.29%
- 1M
- -7.73%
- 6M
- 13.82%
- YTD
- 17.71%
- 1Y
- 41.27%
- 3Y*
- 36.09%
- 5Y*
- 18.27%
- 10Y*
- 34.08%
- ALL TIME*
- 31.46%
RYAIX
- 1D
- -0.58%
- 1M
- 5.01%
- 6M
- -8.38%
- YTD
- -9.76%
- 1Y
- -17.26%
- 3Y*
- -14.95%
- 5Y*
- -11.71%
- 10Y*
- -18.14%
- ALL TIME*
- -14.56%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RMQAX vs. RYAIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 17.71% | 33.92% | 44.76% | 115.91% | -59.93% | 56.36% | 101.06% | 80.80% | -7.28% | 69.80% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | -9.76% | -15.63% | -15.64% | -31.71% | 35.92% | -24.88% | -40.98% | -27.65% | -2.63% | -24.47% |
Correlation
The correlation between RMQAX and RYAIX is -1.00, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -1.00 |
Correlation (3Y) Balances recent behavior with more history. | -0.99 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | -1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | -0.99 |
The correlation between RMQAX and RYAIX has been stable across timeframes, ranging from -1.00 to -0.99 - a consistent structural relationship.
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Return for Risk
RMQAX vs. RYAIX — Risk / Return Rank
RMQAX
RYAIX
RMQAX vs. RYAIX - 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 Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RMQAX | RYAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.71 | ||
| Sortino ratioReturn per unit of downside risk | +2.50 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 0.88 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 1.44 | -0.61 | +2.05 |
| Martin ratioReturn relative to average drawdown | 4.42 | -1.20 | +5.62 |
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Drawdowns
RMQAX vs. RYAIX - Drawdown Comparison
The maximum RMQAX drawdown since its inception was -63.18%, smaller than the maximum RYAIX drawdown of -98.93%. Use the drawdown chart below to compare losses from any high point for RMQAX and RYAIX.
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Drawdown Indicators
| RMQAX | RYAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.18% | -98.93% | +35.75% |
Max Drawdown (1Y)Largest decline over 1 year | -24.96% | -25.47% | +0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -42.45% | -50.13% | +7.68% |
Max Drawdown (5Y)Largest decline over 5 years | -63.18% | -61.15% | -2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -63.18% | -87.73% | +24.55% |
Current DrawdownCurrent decline from peak | -16.01% | -98.83% | +82.82% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -73.43% | +60.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.10% | 13.03% | -4.93% |
Volatility
RMQAX vs. RYAIX - Volatility Comparison
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a higher volatility of 14.50% compared to Rydex Inverse NASDAQ-100 Strategy Fund (RYAIX) at 7.06%. This indicates that RMQAX's price experiences larger fluctuations and is considered to be riskier than RYAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMQAX | RYAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.50% | 7.06% | +7.44% |
Volatility (6M)Calculated over the trailing 6-month period | 32.55% | 16.22% | +16.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.25% | 19.55% | +19.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.22% | 23.35% | +23.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.82% | 22.86% | +23.96% |
RMQAX vs. RYAIX - Expense Ratio Comparison
RMQAX has a 1.32% expense ratio, which is lower than RYAIX's 1.55% expense ratio.
Dividends
RMQAX vs. RYAIX - Dividend Comparison
RMQAX's dividend yield for the trailing twelve months is around 30.81%, more than RYAIX's 2.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 30.81% | 36.27% | 26.02% | 3.76% | 0.00% | 2.18% | 5.30% | 0.10% |
RYAIX Rydex Inverse NASDAQ-100 Strategy Fund | 2.47% | 2.23% | 5.67% | 4.81% | 0.00% | 0.00% | 0.09% | 0.72% |
Frequently Asked Questions
RMQAX and RYAIX have a correlation of -1.00, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RMQAX has higher volatility (14.50%) compared to RYAIX (7.06%). In terms of maximum drawdown, RMQAX dropped -63.18% vs RYAIX's -98.93%.
RMQAX currently has the higher Sharpe Ratio (0.91 vs -0.80), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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