RYCZX vs. RMQAX
RYCZX (Rydex Inverse Dow 2x Strategy Fund) and RMQAX (Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund) are both mutual funds - RYCZX is a Inverse Equities fund managed by Rydex Funds, while RMQAX is a Leveraged Equities fund managed by Rydex Funds. Over the past 10 years, RYCZX returned -25.60%/yr vs 33.71%/yr for RMQAX. Their -0.73 correlation means they have often moved in opposite directions in the past. RYCZX charges 2.70%/yr vs 1.32%/yr for RMQAX.
Performance
RYCZX vs. RMQAX - Performance Comparison
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Returns By Period
In the year-to-date period, RYCZX achieves a -15.64% return, which is significantly lower than RMQAX's 16.20% return. Over the past 10 years, RYCZX has underperformed RMQAX with an annualized return of -25.60%, while RMQAX has yielded a comparatively higher 33.71% annualized return.
RYCZX
- 1D
- -2.34%
- 1M
- 2.78%
- 6M
- -12.90%
- YTD
- -15.64%
- 1Y
- -29.67%
- 3Y*
- -20.73%
- 5Y*
- -16.29%
- 10Y*
- -25.60%
- ALL TIME*
- -23.06%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYCZX vs. RMQAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYCZX Rydex Inverse Dow 2x Strategy Fund | -15.64% | -22.14% | -16.97% | -19.05% | 5.48% | -36.32% | -45.37% | -36.65% | 0.75% | -39.59% |
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% |
Correlation
The correlation between RYCZX and RMQAX is -0.62, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.62 |
Correlation (3Y) Balances recent behavior with more history. | -0.64 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | -0.73 |
The correlation between RYCZX and RMQAX shifts across timeframes, from -0.73 (all time) to -0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RYCZX vs. RMQAX — Risk / Return Rank
RYCZX
RMQAX
RYCZX vs. RMQAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Dow 2x Strategy Fund (RYCZX) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX). 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.
| RYCZX | RMQAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.82 | ||
| Omega ratioGain probability vs. loss probability | 0.83 | 1.16 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | -0.84 | 1.31 | -2.15 |
| Martin ratioReturn relative to average drawdown | -1.42 | 4.05 | -5.48 |
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Drawdowns
RYCZX vs. RMQAX - Drawdown Comparison
The maximum RYCZX drawdown since its inception was -99.80%, which is greater than RMQAX's maximum drawdown of -63.18%. Use the drawdown chart below to compare losses from any high point for RYCZX and RMQAX.
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Drawdown Indicators
| RYCZX | RMQAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -63.18% | -36.62% |
Max Drawdown (1Y)Largest decline over 1 year | -32.00% | -24.96% | -7.04% |
Max Drawdown (3Y)Largest decline over 3 years | -60.61% | -42.45% | -18.16% |
Max Drawdown (5Y)Largest decline over 5 years | -68.62% | -63.18% | -5.44% |
Max Drawdown (10Y)Largest decline over 10 years | -95.14% | -63.18% | -31.96% |
Current DrawdownCurrent decline from peak | -99.79% | -17.08% | -82.71% |
Average DrawdownAverage peak-to-trough decline | -78.99% | -12.85% | -66.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.84% | 8.04% | +10.80% |
Volatility
RYCZX vs. RMQAX - Volatility Comparison
The current volatility for Rydex Inverse Dow 2x Strategy Fund (RYCZX) is 7.38%, while Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a volatility of 14.58%. This indicates that RYCZX experiences smaller price fluctuations and is considered to be less risky than RMQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYCZX | RMQAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.38% | 14.58% | -7.20% |
Volatility (6M)Calculated over the trailing 6-month period | 19.78% | 32.55% | -12.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.10% | 39.23% | -14.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.66% | 47.24% | -17.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.21% | 46.82% | -11.61% |
RYCZX vs. RMQAX - Expense Ratio Comparison
RYCZX has a 2.70% expense ratio, which is higher than RMQAX's 1.32% expense ratio.
Dividends
RYCZX vs. RMQAX - Dividend Comparison
RYCZX's dividend yield for the trailing twelve months is around 6.97%, less than RMQAX's 31.21% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
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% |
RYCZX Rydex Inverse Dow 2x Strategy Fund | 6.97% | 5.88% | 4.32% | 1.00% | 0.00% | 0.00% | 0.05% | 0.24% |
Frequently Asked Questions
RYCZX and RMQAX have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RMQAX has higher volatility (14.58%) compared to RYCZX (7.38%). In terms of maximum drawdown, RYCZX dropped -99.80% vs RMQAX's -63.18%.
RMQAX currently has the higher Sharpe Ratio (0.83 vs -1.07), 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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