RMQAX vs. TQQQ
RMQAX (Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds. Over the past 10 years, RMQAX returned 33.71%/yr vs 39.46%/yr for TQQQ. Their 1.00 correlation means they have historically moved very closely together. RMQAX charges 1.32%/yr vs 0.95%/yr for TQQQ.
Performance
RMQAX vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, RMQAX achieves a 16.20% return, which is significantly lower than TQQQ's 23.06% return. Over the past 10 years, RMQAX has underperformed TQQQ with an annualized return of 33.71%, while TQQQ has yielded a comparatively higher 39.46% annualized return.
RMQAX
- 1D
- 7.48%
- 1M
- -8.91%
- 6M
- 13.97%
- YTD
- 16.20%
- 1Y
- 39.46%
- 3Y*
- 35.28%
- 5Y*
- 17.97%
- 10Y*
- 33.71%
- ALL TIME*
- 31.32%
TQQQ
- 1D
- 2.09%
- 1M
- -11.90%
- 6M
- 20.14%
- YTD
- 23.06%
- 1Y
- 56.87%
- 3Y*
- 43.81%
- 5Y*
- 15.36%
- 10Y*
- 39.46%
- ALL TIME*
- 42.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $4.37B | $4.57B | $5.33B |
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 | 16.20% | 33.92% | 44.76% | 115.91% | -59.93% | 56.36% | 101.06% | 80.80% | -7.28% | 69.80% |
TQQQ ProShares UltraPro QQQ | 23.06% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between RMQAX and TQQQ is 1.00 - they have historically moved very closely together. At this level, their price movements offset little of one another.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 1.00 |
Correlation (3Y) Balances recent behavior with more history. | 1.00 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 1.00 |
Correlation (10Y) Provides a long-term view across more market conditions. | 1.00 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 1.00 |
The correlation between RMQAX and TQQQ has been stable across timeframes, ranging from 1.00 to 1.00 - a consistent structural relationship.
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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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RMQAX | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.29 | +0.02 |
| Martin ratioReturn relative to average drawdown | 4.05 | 3.60 | +0.46 |
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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 | -24.96% | -36.97% | +12.01% |
Max Drawdown (3Y)Largest decline over 3 years | -42.45% | -58.04% | +15.59% |
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 | -17.08% | -25.74% | +8.66% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -18.49% | +5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.04% | 13.24% | -5.20% |
Volatility
RMQAX vs. TQQQ - Volatility Comparison
The current volatility for Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) is 14.58%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 20.41%. 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 | 14.58% | 20.41% | -5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 32.55% | 47.79% | -15.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 39.23% | 57.62% | -18.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 47.24% | 68.04% | -20.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 46.82% | 66.57% | -19.75% |
RMQAX vs. TQQQ - Expense Ratio Comparison
RMQAX has a 1.32% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Dividends
RMQAX vs. TQQQ - Dividend Comparison
RMQAX's dividend yield for the trailing twelve months is around 31.21%, more than TQQQ's 0.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 31.21% | 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 | 0.58% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
With a correlation of 1.00, RMQAX and TQQQ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TQQQ has higher volatility (20.41%) compared to RMQAX (14.58%). In terms of maximum drawdown, RMQAX dropped -63.18% vs TQQQ's -81.66%.
RMQAX currently has the higher Sharpe Ratio (0.83 vs 0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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