RMQAX vs. SSO
Compare and contrast key facts about Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and ProShares Ultra S&P 500 (SSO).
RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014. SSO is a passively managed fund by ProShares that tracks the performance of the S&P 500 Index (200%). It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMQAX or SSO.
Correlation
The correlation between RMQAX and SSO 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. SSO - Performance Comparison
Key characteristics
RMQAX:
0.47
SSO:
1.93
RMQAX:
0.84
SSO:
2.45
RMQAX:
1.12
SSO:
1.34
RMQAX:
0.71
SSO:
2.95
RMQAX:
1.87
SSO:
11.42
RMQAX:
10.36%
SSO:
4.31%
RMQAX:
40.89%
SSO:
25.47%
RMQAX:
-63.96%
SSO:
-84.67%
RMQAX:
-19.59%
SSO:
-0.90%
Returns By Period
In the year-to-date period, RMQAX achieves a 7.62% return, which is significantly higher than SSO's 6.56% return. Over the past 10 years, RMQAX has outperformed SSO with an annualized return of 27.14%, while SSO has yielded a comparatively lower 20.67% annualized return.
RMQAX
7.62%
2.70%
2.80%
18.20%
22.89%
27.14%
SSO
6.56%
3.25%
21.91%
47.66%
20.83%
20.67%
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RMQAX vs. SSO - Expense Ratio Comparison
RMQAX has a 1.32% expense ratio, which is higher than SSO's 0.90% expense ratio.
Risk-Adjusted Performance
RMQAX vs. SSO — Risk-Adjusted Performance Rank
RMQAX
SSO
RMQAX vs. SSO - 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 ProShares Ultra S&P 500 (SSO). 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. SSO - Dividend Comparison
RMQAX's dividend yield for the trailing twelve months is around 0.29%, less than SSO's 0.80% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 0.29% | 0.31% | 0.14% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SSO ProShares Ultra S&P 500 | 0.80% | 0.85% | 0.18% | 0.50% | 0.18% | 0.20% | 0.50% | 0.75% | 0.39% | 0.51% | 0.63% | 0.32% |
Drawdowns
RMQAX vs. SSO - Drawdown Comparison
The maximum RMQAX drawdown since its inception was -63.96%, smaller than the maximum SSO drawdown of -84.67%. Use the drawdown chart below to compare losses from any high point for RMQAX and SSO. For additional features, visit the drawdowns tool.
Volatility
RMQAX vs. SSO - Volatility Comparison
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a higher volatility of 10.72% compared to ProShares Ultra S&P 500 (SSO) at 8.14%. This indicates that RMQAX's price experiences larger fluctuations and is considered to be riskier than SSO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.