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:
-0.04
TQQQ:
-0.24
RMQAX:
0.39
TQQQ:
0.13
RMQAX:
1.06
TQQQ:
1.02
RMQAX:
-0.04
TQQQ:
-0.31
RMQAX:
-0.11
TQQQ:
-0.93
RMQAX:
18.75%
TQQQ:
19.28%
RMQAX:
59.94%
TQQQ:
73.79%
RMQAX:
-63.18%
TQQQ:
-81.66%
RMQAX:
-45.15%
TQQQ:
-51.29%
Returns By Period
In the year-to-date period, RMQAX achieves a -26.59% return, which is significantly higher than TQQQ's -42.76% return. Both investments have delivered pretty close results over the past 10 years, with RMQAX having a 25.46% annualized return and TQQQ not far ahead at 26.12%.
RMQAX
-26.59%
-14.94%
-22.77%
6.30%
24.61%
25.46%
TQQQ
-42.76%
-26.47%
-39.12%
-7.51%
23.89%
26.12%
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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 35.44%, more than TQQQ's 2.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 35.44% | 26.02% | 3.76% | 0.00% | 2.18% | 5.30% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 2.18% | 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 -63.18%, 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 34.27%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 46.56%. 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.