RYGBX vs. RMQAX
RYGBX (Rydex Government Long Bond 1.2x Strategy Fund) and RMQAX (Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund) are both mutual funds - RYGBX is a Leveraged Bonds fund managed by Rydex Funds, while RMQAX is a Leveraged Equities fund managed by Rydex Funds. Over the past 10 years, RYGBX returned -5.56%/yr vs 34.13%/yr for RMQAX. Their -0.09 correlation means they have often moved in opposite directions in the past. RYGBX charges 0.99%/yr vs 1.32%/yr for RMQAX.
Performance
RYGBX vs. RMQAX - Performance Comparison
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Returns By Period
In the year-to-date period, RYGBX achieves a -5.72% return, which is significantly lower than RMQAX's 21.85% return. Over the past 10 years, RYGBX has underperformed RMQAX with an annualized return of -5.56%, while RMQAX has yielded a comparatively higher 34.13% annualized return.
RYGBX
- 1D
- 0.37%
- 1M
- -4.54%
- 6M
- -4.77%
- YTD
- -5.72%
- 1Y
- -5.07%
- 3Y*
- -4.57%
- 5Y*
- -13.47%
- 10Y*
- -5.56%
- ALL TIME*
- 1.18%
RMQAX
- 1D
- 3.52%
- 1M
- -4.48%
- 6M
- 21.62%
- YTD
- 21.85%
- 1Y
- 40.94%
- 3Y*
- 40.41%
- 5Y*
- 18.71%
- 10Y*
- 34.13%
- ALL TIME*
- 31.83%
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 |
RYGBX vs. RMQAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | -5.72% | 2.19% | -12.81% | -1.05% | -40.90% | -7.28% | 21.93% | 17.50% | -5.20% | 9.93% |
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 21.85% | 33.92% | 44.76% | 115.91% | -59.93% | 56.36% | 101.06% | 80.80% | -7.28% | 69.80% |
Correlation
The correlation between RYGBX and RMQAX is 0.17, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.17 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.06 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.04 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | -0.09 |
The correlation between RYGBX and RMQAX shifts across timeframes, from -0.09 (all time) to 0.17 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
RYGBX vs. RMQAX — Risk / Return Rank
RYGBX
RMQAX
RYGBX vs. RMQAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) 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.
| RYGBX | RMQAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.63 | ||
| Sortino ratioReturn per unit of downside risk | -2.26 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.21 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | -0.46 | 1.86 | -2.32 |
| Martin ratioReturn relative to average drawdown | -0.99 | 5.70 | -6.69 |
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Drawdowns
RYGBX vs. RMQAX - Drawdown Comparison
The maximum RYGBX drawdown since its inception was -62.42%, roughly equal to the maximum RMQAX drawdown of -63.18%. Use the drawdown chart below to compare losses from any high point for RYGBX and RMQAX.
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Drawdown Indicators
| RYGBX | RMQAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.42% | -63.18% | +0.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.47% | -24.96% | +14.49% |
Max Drawdown (3Y)Largest decline over 3 years | -19.21% | -42.45% | +23.24% |
Max Drawdown (5Y)Largest decline over 5 years | -55.36% | -63.18% | +7.82% |
Max Drawdown (10Y)Largest decline over 10 years | -62.42% | -63.18% | +0.76% |
Current DrawdownCurrent decline from peak | -60.77% | -13.05% | -47.72% |
Average DrawdownAverage peak-to-trough decline | -19.72% | -12.85% | -6.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 8.14% | -3.30% |
Volatility
RYGBX vs. RMQAX - Volatility Comparison
The current volatility for Rydex Government Long Bond 1.2x Strategy Fund (RYGBX) is 2.99%, while Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a volatility of 14.70%. This indicates that RYGBX 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
| RYGBX | RMQAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.99% | 14.70% | -11.71% |
Volatility (6M)Calculated over the trailing 6-month period | 7.97% | 32.62% | -24.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.78% | 39.23% | -28.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.53% | 47.26% | -27.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.18% | 46.85% | -27.67% |
RYGBX vs. RMQAX - Expense Ratio Comparison
RYGBX has a 0.99% expense ratio, which is lower than RMQAX's 1.32% expense ratio.
Dividends
RYGBX vs. RMQAX - Dividend Comparison
RYGBX's dividend yield for the trailing twelve months is around 3.73%, less than RMQAX's 29.77% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 29.77% | 36.27% | 26.02% | 3.76% | 0.00% | 2.18% | 5.30% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
RYGBX Rydex Government Long Bond 1.2x Strategy Fund | 3.73% | 3.59% | 2.89% | 2.70% | 1.69% | 0.71% | 46.47% | 5.00% | 1.51% | 1.45% | 5.62% | 2.07% |
Frequently Asked Questions
RYGBX and RMQAX have a correlation of 0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RMQAX has higher volatility (14.70%) compared to RYGBX (2.99%). In terms of maximum drawdown, RYGBX dropped -62.42% vs RMQAX's -63.18%.
RMQAX currently has the higher Sharpe Ratio (1.19 vs -0.45), 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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