RYCYX vs. QQQ
Compare and contrast key facts about Rydex Dow 2x Strategy Fund (RYCYX) and Invesco QQQ (QQQ).
RYCYX is managed by Rydex Funds. It was launched on Feb 19, 2004. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYCYX or QQQ.
Correlation
The correlation between RYCYX and QQQ is 0.77, 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
RYCYX vs. QQQ - Performance Comparison
Key characteristics
RYCYX:
0.64
QQQ:
1.30
RYCYX:
1.03
QQQ:
1.78
RYCYX:
1.13
QQQ:
1.24
RYCYX:
0.92
QQQ:
1.76
RYCYX:
2.53
QQQ:
6.08
RYCYX:
6.05%
QQQ:
3.92%
RYCYX:
23.82%
QQQ:
18.35%
RYCYX:
-82.36%
QQQ:
-82.98%
RYCYX:
-11.20%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, RYCYX achieves a 3.21% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, RYCYX has underperformed QQQ with an annualized return of 11.55%, while QQQ has yielded a comparatively higher 18.06% annualized return.
RYCYX
3.21%
-3.75%
4.56%
12.44%
8.27%
11.55%
QQQ
2.90%
-1.02%
9.93%
20.80%
18.77%
18.06%
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RYCYX vs. QQQ - Expense Ratio Comparison
RYCYX has a 2.61% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RYCYX vs. QQQ — Risk-Adjusted Performance Rank
RYCYX
QQQ
RYCYX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Dow 2x Strategy Fund (RYCYX) and Invesco QQQ (QQQ). 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
RYCYX vs. QQQ - Dividend Comparison
RYCYX's dividend yield for the trailing twelve months is around 0.75%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYCYX Rydex Dow 2x Strategy Fund | 0.75% | 0.77% | 0.48% | 0.00% | 0.00% | 0.00% | 0.42% | 0.00% | 0.16% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
RYCYX vs. QQQ - Drawdown Comparison
The maximum RYCYX drawdown since its inception was -82.36%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RYCYX and QQQ. For additional features, visit the drawdowns tool.
Volatility
RYCYX vs. QQQ - Volatility Comparison
Rydex Dow 2x Strategy Fund (RYCYX) has a higher volatility of 6.22% compared to Invesco QQQ (QQQ) at 5.02%. This indicates that RYCYX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.