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.
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
Key characteristics
RMQAX:
0.51
TQQQ:
1.22
RMQAX:
0.88
TQQQ:
1.72
RMQAX:
1.13
TQQQ:
1.23
RMQAX:
0.76
TQQQ:
1.55
RMQAX:
2.03
TQQQ:
5.11
RMQAX:
10.28%
TQQQ:
12.96%
RMQAX:
40.82%
TQQQ:
54.12%
RMQAX:
-63.96%
TQQQ:
-81.66%
RMQAX:
-21.60%
TQQQ:
-9.10%
Returns By Period
In the year-to-date period, RMQAX achieves a 4.93% return, which is significantly lower than TQQQ's 6.81% return. Over the past 10 years, RMQAX has underperformed TQQQ with an annualized return of 26.83%, while TQQQ has yielded a comparatively higher 35.79% annualized return.
RMQAX
4.93%
2.08%
-7.06%
16.18%
21.88%
26.83%
TQQQ
6.81%
2.13%
15.97%
56.52%
28.26%
35.79%
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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 Rank
RMQAX
TQQQ
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 0.30%, less than TQQQ's 1.19% 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% |
TQQQ ProShares UltraPro QQQ | 1.19% | 1.27% | 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 12.73%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.51%. 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.