RMQAX vs. RYNVX
Compare and contrast key facts about Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and Rydex Nova Fund (RYNVX).
RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014. RYNVX is managed by Rydex Funds. It was launched on Jul 11, 1993.
Performance
RMQAX vs. RYNVX - Performance Comparison
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RMQAX vs. RYNVX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | -19.02% | 33.92% | 44.76% | 115.91% | -59.93% | 56.36% | 101.06% | 80.80% | -7.28% | 69.80% |
RYNVX Rydex Nova Fund | -11.41% | 21.42% | 33.14% | 35.31% | -29.96% | 42.56% | 19.64% | 45.58% | -10.24% | 31.17% |
Returns By Period
In the year-to-date period, RMQAX achieves a -19.02% return, which is significantly lower than RYNVX's -11.41% return. Over the past 10 years, RMQAX has outperformed RYNVX with an annualized return of 30.14%, while RYNVX has yielded a comparatively lower 16.20% annualized return.
RMQAX
- 1D
- -1.68%
- 1M
- -16.37%
- YTD
- -19.02%
- 6M
- -16.53%
- 1Y
- 31.63%
- 3Y*
- 33.85%
- 5Y*
- 15.55%
- 10Y*
- 30.14%
RYNVX
- 1D
- -0.59%
- 1M
- -11.64%
- YTD
- -11.41%
- 6M
- -8.94%
- 1Y
- 16.27%
- 3Y*
- 20.70%
- 5Y*
- 12.22%
- 10Y*
- 16.20%
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RMQAX vs. RYNVX - Expense Ratio Comparison
RMQAX has a 1.32% expense ratio, which is higher than RYNVX's 1.23% expense ratio.
Return for Risk
RMQAX vs. RYNVX — Risk / Return Rank
RMQAX
RYNVX
RMQAX vs. RYNVX - 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 Nova Fund (RYNVX). 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 | RYNVX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.67 | 0.64 | +0.03 |
Sortino ratioReturn per unit of downside risk | 1.28 | 1.07 | +0.21 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.16 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.96 | 0.77 | +0.20 |
Martin ratioReturn relative to average drawdown | 3.36 | 3.48 | -0.12 |
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 | RYNVX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 0.64 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.34 | 0.47 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | 0.59 | +0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.62 | 0.38 | +0.24 |
Correlation
The correlation between RMQAX and RYNVX is 0.91, 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. RYNVX - Dividend Comparison
RMQAX's dividend yield for the trailing twelve months is around 44.79%, more than RYNVX's 0.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 44.79% | 36.27% | 26.02% | 3.76% | 0.00% | 2.18% | 5.30% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
RYNVX Rydex Nova Fund | 0.85% | 0.76% | 0.66% | 0.59% | 22.11% | 9.07% | 0.53% | 0.00% | 0.00% | 1.97% | 1.22% | 0.13% |
Drawdowns
RMQAX vs. RYNVX - Drawdown Comparison
The maximum RMQAX drawdown since its inception was -63.18%, smaller than the maximum RYNVX drawdown of -76.54%. Use the drawdown chart below to compare losses from any high point for RMQAX and RYNVX.
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Drawdown Indicators
| RMQAX | RYNVX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.18% | -76.54% | +13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -25.11% | -17.91% | -7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -63.18% | -40.92% | -22.26% |
Max Drawdown (10Y)Largest decline over 10 years | -63.18% | -48.58% | -14.60% |
Current DrawdownCurrent decline from peak | -24.96% | -13.84% | -11.12% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -19.72% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.20% | 3.94% | +3.26% |
Volatility
RMQAX vs. RYNVX - Volatility Comparison
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a higher volatility of 11.12% compared to Rydex Nova Fund (RYNVX) at 6.38%. This indicates that RMQAX's price experiences larger fluctuations and is considered to be riskier than RYNVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RMQAX | RYNVX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.12% | 6.38% | +4.74% |
Volatility (6M)Calculated over the trailing 6-month period | 25.22% | 13.61% | +11.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.33% | 27.19% | +20.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.16% | 25.89% | +20.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.29% | 27.33% | +18.96% |