RYTNX vs. QDVE.DE
Compare and contrast key facts about Rydex S&P 500 2x Strategy Fund (RYTNX) and iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE).
RYTNX is managed by Rydex Funds. It was launched on May 18, 2000. QDVE.DE is a passively managed fund by iShares that tracks the performance of the MSCI World/Information Tech NR USD. It was launched on Nov 20, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYTNX or QDVE.DE.
Key characteristics
| RYTNX | QDVE.DE | |
|---|---|---|
| YTD Return | 46.50% | 42.23% |
| 1Y Return | 63.25% | 46.69% |
| 3Y Return (Ann) | 9.28% | 19.60% |
| 5Y Return (Ann) | 20.33% | 26.12% |
| Sharpe Ratio | 2.63 | 2.24 |
| Sortino Ratio | 3.21 | 2.89 |
| Omega Ratio | 1.45 | 1.39 |
| Calmar Ratio | 2.91 | 2.97 |
| Martin Ratio | 15.94 | 9.48 |
| Ulcer Index | 4.00% | 4.90% |
| Daily Std Dev | 24.28% | 20.58% |
| Max Drawdown | -89.80% | -31.45% |
| Current Drawdown | -1.76% | 0.00% |
Correlation
The correlation between RYTNX and QDVE.DE is 0.53, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
RYTNX vs. QDVE.DE - Performance Comparison
In the year-to-date period, RYTNX achieves a 46.50% return, which is significantly higher than QDVE.DE's 42.23% 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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RYTNX vs. QDVE.DE - Expense Ratio Comparison
RYTNX has a 1.82% expense ratio, which is higher than QDVE.DE's 0.15% expense ratio.
Risk-Adjusted Performance
RYTNX vs. QDVE.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 2x Strategy Fund (RYTNX) and iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE). 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. QDVE.DE - Dividend Comparison
RYTNX's dividend yield for the trailing twelve months is around 0.10%, while QDVE.DE has not paid dividends to shareholders.
| TTM | 2023 | |
|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 0.10% | 0.14% |
QDVE.DE iShares S&P 500 Information Technology Sector UCITS ETF | 0.00% | 0.00% |
Drawdowns
RYTNX vs. QDVE.DE - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -89.80%, which is greater than QDVE.DE's maximum drawdown of -31.45%. Use the drawdown chart below to compare losses from any high point for RYTNX and QDVE.DE. For additional features, visit the drawdowns tool.
Volatility
RYTNX vs. QDVE.DE - Volatility Comparison
Rydex S&P 500 2x Strategy Fund (RYTNX) has a higher volatility of 7.60% compared to iShares S&P 500 Information Technology Sector UCITS ETF (QDVE.DE) at 5.36%. This indicates that RYTNX's price experiences larger fluctuations and is considered to be riskier than QDVE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.