RYSOX vs. RMQAX

Last updated Apr 1, 2026

Compare and contrast key facts about Rydex S&P 500 Fund (RYSOX) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX).

RYSOX is a passively managed fund by Rydex Funds that tracks the performance of the S&P 500 Index. It was launched on May 31, 2006. RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014.

Performance

RYSOX vs. RMQAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex S&P 500 Fund (RYSOX) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX). The values are adjusted to include any dividend payments, if applicable.

RYSOX vs. RMQAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYSOX Rydex S&P 500 Fund	-7.32%	15.93%	22.98%	24.15%	-19.47%	26.68%	16.25%	29.15%	-6.01%	19.53%
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund	-19.02%	33.92%	44.76%	115.91%	-59.93%	56.36%	101.06%	80.80%	-7.28%	69.80%

Returns By Period

In the year-to-date period, RYSOX achieves a -7.32% return, which is significantly higher than RMQAX's -19.02% return. Over the past 10 years, RYSOX has underperformed RMQAX with an annualized return of 11.83%, while RMQAX has yielded a comparatively higher 30.14% annualized return.

RYSOX

• 1D: -0.40%
• 1M: -7.69%
• YTD: -7.32%
• 6M: -5.26%
• 1Y: 12.73%
• 3Y*: 15.30%
• 5Y*: 9.61%
• 10Y*: 11.83%

RMQAX

• 1D: -1.68%
• 1M: -16.37%
• YTD: -19.02%
• 6M: -16.53%
• 1Y: 31.63%
• 3Y*: 33.85%
• 5Y*: 15.55%
• 10Y*: 30.14%

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

RYSOX vs. RMQAX - Expense Ratio Comparison

RYSOX has a 1.56% expense ratio, which is higher than RMQAX's 1.32% expense ratio.

RYSOX

Rydex S&P 500 Fund

RMQAX

Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund

Return for Risk

RYSOX vs. RMQAX — Risk / Return Rank

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

RYSOX

RYSOX Risk / Return Rank: 36
RYSOX Sharpe Ratio Rank: 32
RYSOX Sortino Ratio Rank: 34
RYSOX Omega Ratio Rank: 38
RYSOX Calmar Ratio Rank: 33
RYSOX Martin Ratio Rank: 42

RMQAX

RMQAX Risk / Return Rank: 36
RMQAX Sharpe Ratio Rank: 29
RMQAX Sortino Ratio Rank: 43
RMQAX Omega Ratio Rank: 42
RMQAX Calmar Ratio Rank: 36
RMQAX Martin Ratio Rank: 31

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.

RYSOX vs. RMQAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 Fund (RYSOX) 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.

	RYSOX	RMQAX	Difference
Sharpe ratio Return per unit of total volatility	0.74	0.67	+0.07
Sortino ratio Return per unit of downside risk	1.17	1.28	-0.11
Omega ratio Gain probability vs. loss probability	1.18	1.18	-0.01
Calmar ratio Return relative to maximum drawdown	0.92	0.96	-0.05
Martin ratio Return relative to average drawdown	4.36	3.36	+1.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYSOX vs. RMQAX - Sharpe Ratio Comparison

The current RYSOX Sharpe Ratio is 0.74, which is comparable to the RMQAX Sharpe Ratio of 0.67. The chart below compares the historical Sharpe Ratios of RYSOX and RMQAX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	RYSOX	RMQAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.74	0.67	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.34	+0.23
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	0.65	0.00
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.62	-0.19

Correlation

The correlation between RYSOX and RMQAX is 0.91, 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.

Dividends

RYSOX vs. RMQAX - Dividend Comparison

RYSOX's dividend yield for the trailing twelve months is around 2.86%, less than RMQAX's 44.79% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RYSOX Rydex S&P 500 Fund	2.86%	2.65%	1.08%	0.60%	1.17%	1.25%	13.42%	0.93%	1.69%	4.56%	0.84%	4.01%
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund	44.79%	36.27%	26.02%	3.76%	0.00%	2.18%	5.30%	0.10%	0.00%	0.00%	0.00%	0.00%

Drawdowns

RYSOX vs. RMQAX - Drawdown Comparison

The maximum RYSOX drawdown since its inception was -55.24%, smaller than the maximum RMQAX drawdown of -63.18%. Use the drawdown chart below to compare losses from any high point for RYSOX and RMQAX.

Drawdown Indicators

	RYSOX	RMQAX	Difference
Max Drawdown Largest peak-to-trough decline	-55.24%	-63.18%	+7.94%
Max Drawdown (1Y) Largest decline over 1 year	-12.14%	-25.11%	+12.97%
Max Drawdown (5Y) Largest decline over 5 years	-25.45%	-63.18%	+37.73%
Max Drawdown (10Y) Largest decline over 10 years	-34.05%	-63.18%	+29.13%
Current Drawdown Current decline from peak	-9.06%	-24.96%	+15.90%
Average Drawdown Average peak-to-trough decline	-8.33%	-13.05%	+4.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.55%	7.20%	-4.65%

Volatility

RYSOX vs. RMQAX - Volatility Comparison

The current volatility for Rydex S&P 500 Fund (RYSOX) is 4.22%, while Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a volatility of 11.12%. This indicates that RYSOX 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.

Volatility by Period

	RYSOX	RMQAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	11.12%	-6.90%
Volatility (6M) Calculated over the trailing 6-month period	9.06%	25.22%	-16.16%
Volatility (1Y) Calculated over the trailing 1-year period	18.13%	47.33%	-29.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.87%	46.16%	-29.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.05%	46.29%	-28.24%