RYOCX vs. QQQ
Compare and contrast key facts about Rydex NASDAQ-100 Fund Investor Class (RYOCX) and Invesco QQQ (QQQ).
RYOCX is a passively managed fund by Guggenheim that tracks the performance of the NASDAQ-100 Index. It was launched on Feb 14, 1994. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both RYOCX and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYOCX or QQQ.
Key characteristics
| RYOCX | QQQ | |
|---|---|---|
| YTD Return | 24.58% | 25.63% |
| 1Y Return | 32.53% | 33.85% |
| 3Y Return (Ann) | 8.62% | 9.83% |
| 5Y Return (Ann) | 19.89% | 21.21% |
| 10Y Return (Ann) | 17.09% | 18.37% |
| Sharpe Ratio | 2.01 | 2.12 |
| Sortino Ratio | 2.68 | 2.79 |
| Omega Ratio | 1.36 | 1.38 |
| Calmar Ratio | 2.59 | 2.71 |
| Martin Ratio | 9.32 | 9.88 |
| Ulcer Index | 3.80% | 3.72% |
| Daily Std Dev | 17.58% | 17.31% |
| Max Drawdown | -83.62% | -82.98% |
| Current Drawdown | -0.40% | -0.37% |
Correlation
The correlation between RYOCX and QQQ is 0.98, 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
RYOCX vs. QQQ - Performance Comparison
The year-to-date returns for both investments are quite close, with RYOCX having a 24.58% return and QQQ slightly higher at 25.63%. Over the past 10 years, RYOCX has underperformed QQQ with an annualized return of 17.09%, while QQQ has yielded a comparatively higher 18.37% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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RYOCX vs. QQQ - Expense Ratio Comparison
RYOCX has a 1.24% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RYOCX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex NASDAQ-100 Fund Investor Class (RYOCX) 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
RYOCX vs. QQQ - Dividend Comparison
RYOCX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.59%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYOCX Rydex NASDAQ-100 Fund Investor Class | 0.00% | 0.00% | 8.82% | 4.47% | 4.17% | 1.90% | 1.86% | 6.00% | 1.75% | 2.01% | 1.54% | 9.52% |
QQQ Invesco QQQ | 0.59% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
RYOCX vs. QQQ - Drawdown Comparison
The maximum RYOCX drawdown since its inception was -83.62%, roughly equal to the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RYOCX and QQQ. For additional features, visit the drawdowns tool.
Volatility
RYOCX vs. QQQ - Volatility Comparison
Rydex NASDAQ-100 Fund Investor Class (RYOCX) and Invesco QQQ (QQQ) have volatilities of 4.84% and 4.91%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.