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:
-0.11
DXQLX:
-0.02
RYTNX:
0.11
DXQLX:
0.29
RYTNX:
1.02
DXQLX:
1.04
RYTNX:
-0.11
DXQLX:
-0.03
RYTNX:
-0.42
DXQLX:
-0.09
RYTNX:
10.05%
DXQLX:
10.92%
RYTNX:
38.34%
DXQLX:
45.08%
RYTNX:
-89.80%
DXQLX:
-95.28%
RYTNX:
-31.15%
DXQLX:
-29.96%
Returns By Period
In the year-to-date period, RYTNX achieves a -22.26% return, which is significantly higher than DXQLX's -23.51% return. Over the past 10 years, RYTNX has underperformed DXQLX with an annualized return of 13.30%, while DXQLX has yielded a comparatively higher 19.54% annualized return.
RYTNX
-22.26%
-14.88%
-26.35%
-0.84%
20.00%
13.30%
DXQLX
-23.51%
-13.07%
-19.71%
6.40%
18.23%
19.54%
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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 Rank
RYTNX
DXQLX
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's dividend yield for the trailing twelve months is around 0.47%, less than DXQLX's 1.25% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 0.47% | 0.37% | 0.14% | 0.00% | 0.00% | 0.00% |
DXQLX Direxion Monthly NASDAQ-100 Bull 1.75X Fund | 1.25% | 0.33% | 0.00% | 0.00% | 0.00% | 0.28% |
Drawdowns
RYTNX vs. DXQLX - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -89.80%, smaller than the maximum DXQLX drawdown of -95.28%. 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
The current volatility for Rydex S&P 500 2x Strategy Fund (RYTNX) is 26.95%, while Direxion Monthly NASDAQ-100 Bull 1.75X Fund (DXQLX) has a volatility of 29.59%. This indicates that RYTNX experiences smaller price fluctuations and is considered to be less risky than DXQLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.