RMQAX vs. TQQQ
Compare and contrast key facts about Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and ProShares UltraPro QQQ (TQQQ).
RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014. TQQQ is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (300%). It was launched on Feb 9, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMQAX or TQQQ.
Key characteristics
| RMQAX | TQQQ | |
|---|---|---|
| YTD Return | 44.61% | 59.60% |
| 1Y Return | 56.03% | 88.74% |
| 3Y Return (Ann) | 6.16% | 0.01% |
| 5Y Return (Ann) | 31.02% | 34.59% |
| Sharpe Ratio | 1.61 | 1.74 |
| Sortino Ratio | 2.11 | 2.17 |
| Omega Ratio | 1.28 | 1.29 |
| Calmar Ratio | 2.05 | 1.75 |
| Martin Ratio | 7.38 | 7.20 |
| Ulcer Index | 7.61% | 12.41% |
| Daily Std Dev | 34.98% | 51.33% |
| Max Drawdown | -63.96% | -81.66% |
| Current Drawdown | -2.03% | -6.61% |
Correlation
The correlation between RMQAX and TQQQ is 0.99, 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. TQQQ - Performance Comparison
In the year-to-date period, RMQAX achieves a 44.61% return, which is significantly lower than TQQQ's 59.60% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RMQAX vs. TQQQ - Expense Ratio Comparison
RMQAX has a 1.32% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Risk-Adjusted Performance
RMQAX vs. TQQQ - 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 UltraPro QQQ (TQQQ). 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. TQQQ - Dividend Comparison
RMQAX's dividend yield for the trailing twelve months is around 0.09%, less than TQQQ's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 0.09% | 0.14% | 0.00% | 0.00% | 0.00% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 1.19% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% | 0.03% |
Drawdowns
RMQAX vs. TQQQ - Drawdown Comparison
The maximum RMQAX drawdown since its inception was -63.96%, smaller than the maximum TQQQ drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for RMQAX and TQQQ. For additional features, visit the drawdowns tool.
Volatility
RMQAX vs. TQQQ - Volatility Comparison
The current volatility for Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) is 9.67%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 14.91%. This indicates that RMQAX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.