RYTNX vs. DXQLX
Compare and contrast key facts about Rydex S&P 500 2x Strategy Fund (RYTNX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX).
RYTNX is managed by Rydex Funds. It was launched on May 18, 2000. DXQLX is a passively managed fund by Direxion that tracks the performance of the . It was launched on May 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYTNX or DXQLX.
Correlation
The correlation between RYTNX and DXQLX is 0.89, 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
RYTNX vs. DXQLX - Performance Comparison
Key characteristics
RYTNX:
1.62
DXQLX:
1.47
RYTNX:
2.08
DXQLX:
1.95
RYTNX:
1.29
DXQLX:
1.26
RYTNX:
2.47
DXQLX:
1.47
RYTNX:
9.72
DXQLX:
6.83
RYTNX:
4.28%
DXQLX:
6.79%
RYTNX:
25.71%
DXQLX:
31.53%
RYTNX:
-89.80%
DXQLX:
-91.88%
RYTNX:
-10.05%
DXQLX:
-6.22%
Returns By Period
In the year-to-date period, RYTNX achieves a 37.67% return, which is significantly lower than DXQLX's 42.61% return. Over the past 10 years, RYTNX has underperformed DXQLX with an annualized return of 16.63%, while DXQLX has yielded a comparatively higher 24.00% annualized return.
RYTNX
37.67%
-4.92%
8.13%
38.76%
17.77%
16.63%
DXQLX
42.61%
4.87%
11.60%
43.42%
24.83%
24.00%
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RYTNX vs. DXQLX - Expense Ratio Comparison
RYTNX has a 1.82% expense ratio, which is higher than DXQLX's 1.39% expense ratio.
Risk-Adjusted Performance
RYTNX vs. DXQLX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 2x Strategy Fund (RYTNX) and Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX). 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
RYTNX vs. DXQLX - Dividend Comparison
RYTNX has not paid dividends to shareholders, while DXQLX's dividend yield for the trailing twelve months is around 0.32%.
| TTM | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 0.00% | 0.14% | 0.00% | 0.00% | 0.00% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 0.32% | 0.00% | 0.00% | 0.00% | 0.28% |
Drawdowns
RYTNX vs. DXQLX - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -89.80%, roughly equal to the maximum DXQLX drawdown of -91.88%. Use the drawdown chart below to compare losses from any high point for RYTNX and DXQLX. For additional features, visit the drawdowns tool.
Volatility
RYTNX vs. DXQLX - Volatility Comparison
Rydex S&P 500 2x Strategy Fund (RYTNX) has a higher volatility of 9.75% compared to Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) at 9.11%. This indicates that RYTNX's price experiences larger fluctuations and is considered to be riskier than DXQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.