RMQAX vs. RYTNX
Compare and contrast key facts about Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and Rydex S&P 500 2x Strategy Fund (RYTNX).
RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014. RYTNX is managed by Rydex Funds. It was launched on May 18, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMQAX or RYTNX.
Correlation
The correlation between RMQAX and RYTNX is 0.90, 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. RYTNX - Performance Comparison
Key characteristics
RMQAX:
0.39
RYTNX:
1.41
RMQAX:
0.87
RYTNX:
1.85
RMQAX:
1.14
RYTNX:
1.26
RMQAX:
0.77
RYTNX:
2.16
RMQAX:
2.50
RYTNX:
8.72
RMQAX:
8.06%
RYTNX:
4.17%
RMQAX:
52.31%
RYTNX:
25.83%
RMQAX:
-63.96%
RYTNX:
-89.80%
RMQAX:
-23.72%
RYTNX:
-11.78%
Returns By Period
In the year-to-date period, RMQAX achieves a 19.05% return, which is significantly lower than RYTNX's 35.01% return. Over the past 10 years, RMQAX has outperformed RYTNX with an annualized return of 26.87%, while RYTNX has yielded a comparatively lower 16.54% annualized return.
RMQAX
19.05%
-14.85%
-11.59%
19.03%
23.96%
26.87%
RYTNX
35.01%
-6.06%
5.08%
34.78%
17.34%
16.54%
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RMQAX vs. RYTNX - Expense Ratio Comparison
RMQAX has a 1.32% expense ratio, which is lower than RYTNX's 1.82% expense ratio.
Risk-Adjusted Performance
RMQAX vs. RYTNX - 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 Rydex S&P 500 2x Strategy Fund (RYTNX). 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. RYTNX - Dividend Comparison
Neither RMQAX nor RYTNX has paid dividends to shareholders.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
---|---|---|---|---|---|---|
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 0.00% | 0.14% | 0.00% | 0.00% | 0.00% | 0.10% |
Rydex S&P 500 2x Strategy Fund | 0.00% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RMQAX vs. RYTNX - Drawdown Comparison
The maximum RMQAX drawdown since its inception was -63.96%, smaller than the maximum RYTNX drawdown of -89.80%. Use the drawdown chart below to compare losses from any high point for RMQAX and RYTNX. For additional features, visit the drawdowns tool.
Volatility
RMQAX vs. RYTNX - Volatility Comparison
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a higher volatility of 40.14% compared to Rydex S&P 500 2x Strategy Fund (RYTNX) at 9.50%. This indicates that RMQAX's price experiences larger fluctuations and is considered to be riskier than RYTNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.