RMQAX vs. SPY
Compare and contrast key facts about Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and SPDR S&P 500 ETF (SPY).
RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMQAX or SPY.
Correlation
The correlation between RMQAX and SPY 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. SPY - Performance Comparison
Key characteristics
RMQAX:
0.34
SPY:
1.75
RMQAX:
0.68
SPY:
2.36
RMQAX:
1.10
SPY:
1.32
RMQAX:
0.51
SPY:
2.66
RMQAX:
1.16
SPY:
11.01
RMQAX:
11.96%
SPY:
2.03%
RMQAX:
41.22%
SPY:
12.77%
RMQAX:
-63.96%
SPY:
-55.19%
RMQAX:
-21.56%
SPY:
-2.12%
Returns By Period
In the year-to-date period, RMQAX achieves a 4.99% return, which is significantly higher than SPY's 2.36% return. Over the past 10 years, RMQAX has outperformed SPY with an annualized return of 25.90%, while SPY has yielded a comparatively lower 12.97% annualized return.
RMQAX
4.99%
-2.84%
-6.15%
9.15%
22.59%
25.90%
SPY
2.36%
-1.61%
7.41%
19.65%
15.00%
12.97%
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RMQAX vs. SPY - Expense Ratio Comparison
RMQAX has a 1.32% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
RMQAX vs. SPY — Risk-Adjusted Performance Rank
RMQAX
SPY
RMQAX vs. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
RMQAX's dividend yield for the trailing twelve months is around 0.30%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 0.30% | 0.31% | 0.14% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
RMQAX vs. SPY - Drawdown Comparison
The maximum RMQAX drawdown since its inception was -63.96%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for RMQAX and SPY. For additional features, visit the drawdowns tool.
Volatility
RMQAX vs. SPY - Volatility Comparison
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a higher volatility of 10.07% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that RMQAX's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.