RYMQX vs. QQQY

Last updated Jun 5, 2026

RYMQX (Guggenheim Series Multi-Hedge Strategies Fund) and QQQY (Defiance Nasdaq 100 Enhanced Options Income ETF) are both funds - RYMQX is a Multistrategy fund managed by Guggenheim, while QQQY is a Nasdaq-100 fund actively managed by Defiance. Over the past year, RYMQX returned 9.17% vs 35.59% for QQQY. At a 0.36 correlation, their price movements are largely independent. RYMQX charges 1.76%/yr vs 0.99%/yr for QQQY.

Performance

RYMQX vs. QQQY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Guggenheim Series Multi-Hedge Strategies Fund (RYMQX) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYMQX achieves a 5.34% return, which is significantly lower than QQQY's 18.85% return.

RYMQX

• 1D: 0.08%
• 1M: 1.13%
• YTD: 5.34%
• 6M: 6.32%
• 1Y: 9.17%
• 3Y*: 1.76%
• 5Y*: 0.28%
• 10Y*: 2.20%

QQQY

• 1D: -0.19%
• 1M: 7.95%
• YTD: 18.85%
• 6M: 18.67%
• 1Y: 35.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

RYMQX vs. QQQY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
RYMQX Guggenheim Series Multi-Hedge Strategies Fund	5.34%	1.58%	-3.59%	-2.00%
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	18.85%	14.96%	7.70%	7.22%

Correlation

The correlation between RYMQX and QQQY is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.36

Return for Risk

RYMQX vs. QQQY — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYMQX

RYMQX Risk / Return Rank: 68
RYMQX Sharpe Ratio Rank: 56
RYMQX Sortino Ratio Rank: 62
RYMQX Omega Ratio Rank: 63
RYMQX Calmar Ratio Rank: 86
RYMQX Martin Ratio Rank: 74

QQQY

QQQY Risk / Return Rank: 75
QQQY Sharpe Ratio Rank: 82
QQQY Sortino Ratio Rank: 75
QQQY Omega Ratio Rank: 81
QQQY Calmar Ratio Rank: 65
QQQY Martin Ratio Rank: 74

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYMQX vs. QQQY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Guggenheim Series Multi-Hedge Strategies Fund (RYMQX) and Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY). 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.

	RYMQX	QQQY	Difference
Sharpe ratio: Return per unit of total volatility	2.18	2.62	-0.44
Sortino ratio: Return per unit of downside risk	3.27	3.31	-0.04
Omega ratio: Gain probability vs. loss probability	1.43	1.48	-0.05
Calmar ratio: Return relative to maximum drawdown	4.02	3.21	+0.81
Martin ratio: Return relative to average drawdown	13.76	13.65	+0.11
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYMQX vs. QQQY - Sharpe Ratio Comparison

The current RYMQX Sharpe Ratio is 2.18, which is comparable to the QQQY Sharpe Ratio of 2.62. The chart below compares the historical Sharpe Ratios of RYMQX and QQQY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYMQX	QQQY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.18	2.62	-0.44
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.05	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.20	1.25	-1.05

Drawdowns

RYMQX vs. QQQY - Drawdown Comparison

The maximum RYMQX drawdown since its inception was -29.13%, which is greater than QQQY's maximum drawdown of -19.05%. Use the drawdown chart below to compare losses from any high point for RYMQX and QQQY.

Drawdown Indicators

	RYMQX	QQQY	Difference
Max Drawdown Largest peak-to-trough decline	-29.13%	-19.05%	-10.08%
Max Drawdown (1Y) Largest decline over 1 year	-2.22%	-11.14%	+8.92%
Max Drawdown (3Y) Largest decline over 3 years	-13.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-13.98%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-13.98%	—	—
Current Drawdown Current decline from peak	-2.23%	-0.55%	-1.68%
Average Drawdown Average peak-to-trough decline	-8.88%	-2.91%	-5.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.65%	2.61%	-1.96%

Volatility

RYMQX vs. QQQY - Volatility Comparison

The current volatility for Guggenheim Series Multi-Hedge Strategies Fund (RYMQX) is 0.67%, while Defiance Nasdaq 100 Enhanced Options Income ETF (QQQY) has a volatility of 4.14%. This indicates that RYMQX experiences smaller price fluctuations and is considered to be less risky than QQQY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYMQX	QQQY	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.67%	4.14%	-3.47%
Volatility (6M) Calculated over the trailing 6-month period	3.37%	11.30%	-7.93%
Volatility (1Y) Calculated over the trailing 1-year period	4.11%	13.66%	-9.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	5.68%	14.74%	-9.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.29%	14.74%	-9.45%

RYMQX vs. QQQY - Expense Ratio Comparison

RYMQX has a 1.76% expense ratio, which is higher than QQQY's 0.99% expense ratio.

Dividends

RYMQX vs. QQQY - Dividend Comparison

RYMQX's dividend yield for the trailing twelve months is around 9.62%, less than QQQY's 35.18% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
QQQY Defiance Nasdaq 100 Enhanced Options Income ETF	35.18%	45.34%	83.34%	20.64%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RYMQX Guggenheim Series Multi-Hedge Strategies Fund	9.62%	10.13%	2.89%	3.12%	1.67%	0.78%	1.03%	2.10%	0.16%	0.00%	0.15%

Frequently Asked Questions

Can I hold both RYMQX and QQQY in my portfolio?

RYMQX and QQQY have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYMQX or QQQY?

QQQY has higher volatility (4.14%) compared to RYMQX (0.67%). In terms of maximum drawdown, RYMQX dropped -29.13% vs QQQY's -19.05%.

Which has better risk-adjusted returns?

QQQY currently has the higher Sharpe Ratio (2.62 vs 2.18), 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.