RMQAX vs. USNQX
Compare and contrast key facts about Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) and USAA Nasdaq 100 Index Fund (USNQX).
RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014. USNQX is managed by Victory Capital. It was launched on Oct 27, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RMQAX or USNQX.
Key characteristics
| RMQAX | USNQX | |
|---|---|---|
| YTD Return | 44.61% | 24.62% |
| 1Y Return | 56.03% | 29.98% |
| 3Y Return (Ann) | 6.16% | 5.81% |
| 5Y Return (Ann) | 31.02% | 18.07% |
| Sharpe Ratio | 1.61 | 1.72 |
| Sortino Ratio | 2.11 | 2.33 |
| Omega Ratio | 1.28 | 1.31 |
| Calmar Ratio | 2.05 | 2.21 |
| Martin Ratio | 7.38 | 8.03 |
| Ulcer Index | 7.61% | 3.74% |
| Daily Std Dev | 34.98% | 17.42% |
| Max Drawdown | -63.96% | -74.36% |
| Current Drawdown | -2.03% | -1.06% |
Correlation
The correlation between RMQAX and USNQX 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. USNQX - Performance Comparison
In the year-to-date period, RMQAX achieves a 44.61% return, which is significantly higher than USNQX's 24.62% 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. USNQX - Expense Ratio Comparison
RMQAX has a 1.32% expense ratio, which is higher than USNQX's 0.42% expense ratio.
Risk-Adjusted Performance
RMQAX vs. USNQX - 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 USAA Nasdaq 100 Index Fund (USNQX). 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. USNQX - Dividend Comparison
RMQAX's dividend yield for the trailing twelve months is around 0.09%, less than USNQX's 0.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% |
USNQX USAA Nasdaq 100 Index Fund | 0.46% | 0.58% | 0.28% | 0.24% | 0.37% | 0.55% | 0.65% | 0.46% | 0.50% | 0.62% | 0.21% | 0.28% |
Drawdowns
RMQAX vs. USNQX - Drawdown Comparison
The maximum RMQAX drawdown since its inception was -63.96%, smaller than the maximum USNQX drawdown of -74.36%. Use the drawdown chart below to compare losses from any high point for RMQAX and USNQX. For additional features, visit the drawdowns tool.
Volatility
RMQAX vs. USNQX - Volatility Comparison
Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a higher volatility of 9.67% compared to USAA Nasdaq 100 Index Fund (USNQX) at 4.94%. This indicates that RMQAX's price experiences larger fluctuations and is considered to be riskier than USNQX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.