RYMQX vs. QQQ
Compare and contrast key facts about Guggenheim Series Multi-Hedge Strategies Fund (RYMQX) and Invesco QQQ (QQQ).
RYMQX is managed by Guggenheim. It was launched on Sep 18, 2005. 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: RYMQX or QQQ.
Correlation
The correlation between RYMQX and QQQ is 0.41, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RYMQX vs. QQQ - Performance Comparison
Key characteristics
RYMQX:
-0.73
QQQ:
1.33
RYMQX:
-0.88
QQQ:
1.82
RYMQX:
0.88
QQQ:
1.24
RYMQX:
-0.54
QQQ:
1.80
RYMQX:
-0.94
QQQ:
6.21
RYMQX:
5.17%
QQQ:
3.92%
RYMQX:
6.66%
QQQ:
18.28%
RYMQX:
-29.58%
QQQ:
-82.98%
RYMQX:
-7.90%
QQQ:
-1.43%
Returns By Period
In the year-to-date period, RYMQX achieves a 0.81% return, which is significantly lower than QQQ's 3.59% return. Over the past 10 years, RYMQX has underperformed QQQ with an annualized return of 1.52%, while QQQ has yielded a comparatively higher 18.80% annualized return.
RYMQX
0.81%
0.56%
-0.94%
-4.97%
1.97%
1.52%
QQQ
3.59%
2.80%
18.55%
23.32%
19.06%
18.80%
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RYMQX vs. QQQ - Expense Ratio Comparison
RYMQX has a 1.76% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RYMQX vs. QQQ — Risk-Adjusted Performance Rank
RYMQX
QQQ
RYMQX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Guggenheim Series Multi-Hedge Strategies Fund (RYMQX) 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
RYMQX vs. QQQ - Dividend Comparison
RYMQX's dividend yield for the trailing twelve months is around 2.87%, more than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYMQX Guggenheim Series Multi-Hedge Strategies Fund | 2.87% | 2.89% | 3.13% | 1.67% | 0.78% | 1.03% | 2.09% | 0.16% | 0.00% | 0.15% | 0.00% | 0.78% |
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
RYMQX vs. QQQ - Drawdown Comparison
The maximum RYMQX drawdown since its inception was -29.58%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RYMQX and QQQ. For additional features, visit the drawdowns tool.
Volatility
RYMQX vs. QQQ - Volatility Comparison
The current volatility for Guggenheim Series Multi-Hedge Strategies Fund (RYMQX) is 1.15%, while Invesco QQQ (QQQ) has a volatility of 5.64%. This indicates that RYMQX experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.