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.
Performance
RMQAX vs. TQQQ - Performance Comparison
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RMQAX vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | -12.98% | 33.92% | 44.76% | 115.91% | -59.93% | 56.36% | 101.06% | 80.80% | -7.28% | 69.80% |
TQQQ ProShares UltraPro QQQ | -17.87% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Returns By Period
In the year-to-date period, RMQAX achieves a -12.98% return, which is significantly higher than TQQQ's -17.87% return. Over the past 10 years, RMQAX has underperformed TQQQ with an annualized return of 31.08%, while TQQQ has yielded a comparatively higher 35.31% annualized return.
RMQAX
- 1D
- 7.46%
- 1M
- -10.36%
- YTD
- -12.98%
- 6M
- -11.16%
- 1Y
- 39.20%
- 3Y*
- 37.10%
- 5Y*
- 16.39%
- 10Y*
- 31.08%
TQQQ
- 1D
- 3.72%
- 1M
- -12.88%
- YTD
- -17.87%
- 6M
- -17.28%
- 1Y
- 48.52%
- 3Y*
- 46.87%
- 5Y*
- 13.55%
- 10Y*
- 35.31%
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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.
Return for Risk
RMQAX vs. TQQQ — Risk / Return Rank
RMQAX
TQQQ
RMQAX vs. TQQQ - Risk-Adjusted Trends 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.
| RMQAX | TQQQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.87 | 0.72 | +0.15 |
Sortino ratioReturn per unit of downside risk | 1.54 | 1.41 | +0.13 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.65 | 1.41 | +0.24 |
Martin ratioReturn relative to average drawdown | 5.66 | 4.28 | +1.38 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RMQAX | TQQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.72 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.20 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.54 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.64 | 0.65 | -0.01 |
Correlation
The correlation between RMQAX and TQQQ is 1.00, 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.
Dividends
RMQAX vs. TQQQ - Dividend Comparison
RMQAX's dividend yield for the trailing twelve months is around 41.68%, more than TQQQ's 0.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 41.68% | 36.27% | 26.02% | 3.76% | 0.00% | 2.18% | 5.30% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
TQQQ ProShares UltraPro QQQ | 0.73% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
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.
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Drawdown Indicators
| RMQAX | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.18% | -81.66% | +18.48% |
Max Drawdown (1Y)Largest decline over 1 year | -25.11% | -36.97% | +11.86% |
Max Drawdown (5Y)Largest decline over 5 years | -63.18% | -81.66% | +18.48% |
Max Drawdown (10Y)Largest decline over 10 years | -63.18% | -81.66% | +18.48% |
Current DrawdownCurrent decline from peak | -19.36% | -28.08% | +8.72% |
Average DrawdownAverage peak-to-trough decline | -13.05% | -18.66% | +5.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.30% | 12.13% | -4.83% |
Volatility
RMQAX vs. TQQQ - Volatility Comparison
The current volatility for Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) is 13.71%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 19.74%. 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.
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Volatility by Period
| RMQAX | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.71% | 19.74% | -6.03% |
Volatility (6M)Calculated over the trailing 6-month period | 26.24% | 38.50% | -12.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 47.80% | 67.35% | -19.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.26% | 66.53% | -20.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.34% | 65.83% | -19.49% |