RMQAX vs. RYVYX

Last updated Jun 24, 2026

RMQAX (Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund) and RYVYX (Rydex NASDAQ-100 2x Strategy Fund) are both Leveraged Equities funds from Rydex Funds. Over the past 10 years, RMQAX returned 38.76%/yr vs 36.40%/yr for RYVYX. With a 1.00 correlation, they move nearly in lockstep. RMQAX charges 1.32%/yr vs 1.87%/yr for RYVYX.

Performance

RMQAX vs. RYVYX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and Rydex NASDAQ-100 2x Strategy Fund (RYVYX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with RMQAX having a 37.04% return and RYVYX slightly higher at 38.32%. Over the past 10 years, RMQAX has outperformed RYVYX with an annualized return of 38.76%, while RYVYX has yielded a comparatively lower 36.40% annualized return.

RMQAX

• 1D: -0.39%
• 1M: 5.17%
• YTD: 37.04%
• 6M: 33.32%
• 1Y: 76.67%
• 3Y*: 47.95%
• 5Y*: 24.14%
• 10Y*: 38.76%

RYVYX

• 1D: -0.39%
• 1M: 4.89%
• YTD: 38.32%
• 6M: 34.53%
• 1Y: 77.22%
• 3Y*: 48.50%
• 5Y*: 22.91%
• 10Y*: 36.40%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RMQAX vs. RYVYX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund	37.04%	33.92%	44.76%	115.91%	-59.93%	56.36%	101.06%	80.80%	-7.28%	69.80%
RYVYX Rydex NASDAQ-100 2x Strategy Fund	38.32%	29.54%	49.77%	116.15%	-60.57%	46.61%	88.38%	80.70%	-9.20%	68.67%

Correlation

The correlation between RMQAX and RYVYX is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	1.00
Correlation (3Y) Calculated over the trailing 3-year period	0.99
Correlation (5Y) Calculated over the trailing 5-year period	0.99
Correlation (10Y) Calculated over the trailing 10-year period	1.00
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	1.00

The correlation between RMQAX and RYVYX has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.

Return for Risk

RMQAX vs. RYVYX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RMQAX

RMQAX Risk / Return Rank: 62
RMQAX Sharpe Ratio Rank: 72
RMQAX Sortino Ratio Rank: 50
RMQAX Omega Ratio Rank: 52
RMQAX Calmar Ratio Rank: 75
RMQAX Martin Ratio Rank: 61

RYVYX

RYVYX Risk / Return Rank: 62
RYVYX Sharpe Ratio Rank: 74
RYVYX Sortino Ratio Rank: 50
RYVYX Omega Ratio Rank: 52
RYVYX Calmar Ratio Rank: 74
RYVYX Martin Ratio Rank: 58

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RMQAX vs. RYVYX - 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 NASDAQ-100 2x Strategy Fund (RYVYX). 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	RYVYX	Difference
Sharpe ratio: Return per unit of total volatility	2.27	2.30	-0.03
Sortino ratio: Return per unit of downside risk	2.72	2.74	-0.02
Omega ratio: Gain probability vs. loss probability	1.36	1.37	0.00
Calmar ratio: Return relative to maximum drawdown	3.24	3.20	+0.03
Martin ratio: Return relative to average drawdown	11.40	10.86	+0.55

RMQAX vs. RYVYX - Sharpe Ratio Comparison

The current RMQAX Sharpe Ratio is 2.27, which is comparable to the RYVYX Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of RMQAX and RYVYX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RMQAX vs. RYVYX - Drawdown Comparison

The maximum RMQAX drawdown since its inception was -63.18%, smaller than the maximum RYVYX drawdown of -95.57%. Use the drawdown chart below to compare losses from any high point for RMQAX and RYVYX.

Drawdown Indicators

	RMQAX	RYVYX	Difference
Max Drawdown Largest peak-to-trough decline	-63.18%	-95.57%	+32.39%
Max Drawdown (1Y) Largest decline over 1 year	-24.96%	-25.39%	+0.43%
Max Drawdown (3Y) Largest decline over 3 years	-42.45%	-42.48%	+0.03%
Max Drawdown (5Y) Largest decline over 5 years	-63.18%	-65.38%	+2.20%
Max Drawdown (10Y) Largest decline over 10 years	-63.18%	-65.38%	+2.20%
Current Drawdown Current decline from peak	-2.21%	-2.85%	+0.64%
Average Drawdown Average peak-to-trough decline	-12.87%	-49.08%	+36.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.07%	7.48%	-0.41%

Volatility

RMQAX vs. RYVYX - Volatility Comparison

Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and Rydex NASDAQ-100 2x Strategy Fund (RYVYX) have volatilities of 17.06% and 16.80%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RMQAX	RYVYX	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.06%	16.80%	+0.26%
Volatility (6M) Calculated over the trailing 6-month period	28.56%	28.38%	+0.18%
Volatility (1Y) Calculated over the trailing 1-year period	35.62%	35.40%	+0.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	46.68%	45.60%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.68%	45.27%	+1.41%

RMQAX vs. RYVYX - Expense Ratio Comparison

RMQAX has a 1.32% expense ratio, which is lower than RYVYX's 1.87% expense ratio.

Dividends

RMQAX vs. RYVYX - Dividend Comparison

RMQAX's dividend yield for the trailing twelve months is around 26.47%, more than RYVYX's 5.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund	26.47%	36.27%	26.02%	3.76%	0.00%	2.18%	5.30%	0.10%	0.00%	0.00%	0.00%	0.00%
RYVYX Rydex NASDAQ-100 2x Strategy Fund	5.18%	7.16%	11.52%	0.00%	0.00%	1.23%	8.91%	5.19%	0.00%	14.19%	1.63%	21.29%

Frequently Asked Questions

Can I hold both RMQAX and RYVYX in my portfolio?

With a correlation of 1.00, RMQAX and RYVYX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, RMQAX or RYVYX?

RMQAX has higher volatility (17.06%) compared to RYVYX (16.80%). In terms of maximum drawdown, RMQAX dropped -63.18% vs RYVYX's -95.57%.

Which has better risk-adjusted returns?

RYVYX currently has the higher Sharpe Ratio (2.30 vs 2.27), 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.