RYOCX vs. QQQJ
Compare and contrast key facts about Rydex NASDAQ-100 Fund Investor Class (RYOCX) and Invesco NASDAQ Next Gen 100 ETF (QQQJ).
RYOCX is a passively managed fund by Guggenheim that tracks the performance of the NASDAQ-100 Index. It was launched on Feb 14, 1994. QQQJ is a passively managed fund by Invesco that tracks the performance of the NASDAQ Next Generation 100 Index. It was launched on Oct 13, 2020. Both RYOCX and QQQJ 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 QQQJ.
Key characteristics
| RYOCX | QQQJ | |
|---|---|---|
| YTD Return | 24.79% | 17.65% |
| 1Y Return | 35.61% | 33.70% |
| 3Y Return (Ann) | 8.69% | -3.42% |
| Sharpe Ratio | 2.00 | 2.12 |
| Sortino Ratio | 2.66 | 2.98 |
| Omega Ratio | 1.36 | 1.36 |
| Calmar Ratio | 2.58 | 1.01 |
| Martin Ratio | 9.27 | 11.23 |
| Ulcer Index | 3.80% | 2.98% |
| Daily Std Dev | 17.59% | 15.76% |
| Max Drawdown | -83.62% | -39.58% |
| Current Drawdown | -0.23% | -10.46% |
Correlation
The correlation between RYOCX and QQQJ is 0.83, 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. QQQJ - Performance Comparison
In the year-to-date period, RYOCX achieves a 24.79% return, which is significantly higher than QQQJ's 17.65% 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. QQQJ - Expense Ratio Comparison
RYOCX has a 1.24% expense ratio, which is higher than QQQJ's 0.15% expense ratio.
Risk-Adjusted Performance
RYOCX vs. QQQJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex NASDAQ-100 Fund Investor Class (RYOCX) and Invesco NASDAQ Next Gen 100 ETF (QQQJ). 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. QQQJ - Dividend Comparison
RYOCX has not paid dividends to shareholders, while QQQJ's dividend yield for the trailing twelve months is around 0.78%.
| 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% |
QQQJ Invesco NASDAQ Next Gen 100 ETF | 0.78% | 0.67% | 0.75% | 0.91% | 0.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
RYOCX vs. QQQJ - Drawdown Comparison
The maximum RYOCX drawdown since its inception was -83.62%, which is greater than QQQJ's maximum drawdown of -39.58%. Use the drawdown chart below to compare losses from any high point for RYOCX and QQQJ. For additional features, visit the drawdowns tool.
Volatility
RYOCX vs. QQQJ - Volatility Comparison
Rydex NASDAQ-100 Fund Investor Class (RYOCX) has a higher volatility of 5.08% compared to Invesco NASDAQ Next Gen 100 ETF (QQQJ) at 4.80%. This indicates that RYOCX's price experiences larger fluctuations and is considered to be riskier than QQQJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.