RYTNX vs. QLD
Compare and contrast key facts about Rydex S&P 500 2x Strategy Fund (RYTNX) and ProShares Ultra QQQ (QLD).
RYTNX is managed by Rydex Funds. It was launched on May 18, 2000. QLD is a passively managed fund by ProShares that tracks the performance of the NASDAQ-100 Index (200%). It was launched on Jun 21, 2006.
Performance
RYTNX vs. QLD - Performance Comparison
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RYTNX vs. QLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | -15.39% | 24.88% | 41.95% | 45.20% | -39.32% | 55.55% | 20.31% | 62.29% | -15.06% | 42.95% |
QLD ProShares Ultra QQQ | -13.35% | 30.36% | 42.82% | 117.72% | -60.52% | 54.67% | 88.90% | 81.69% | -8.31% | 70.34% |
Returns By Period
In the year-to-date period, RYTNX achieves a -15.39% return, which is significantly lower than QLD's -13.35% return. Over the past 10 years, RYTNX has underperformed QLD with an annualized return of 19.00%, while QLD has yielded a comparatively higher 29.40% annualized return.
RYTNX
- 1D
- -0.78%
- 1M
- -15.42%
- YTD
- -15.39%
- 6M
- -12.80%
- 1Y
- 18.10%
- 3Y*
- 24.54%
- 5Y*
- 13.04%
- 10Y*
- 19.00%
QLD
- 1D
- 6.72%
- 1M
- -10.26%
- YTD
- -13.35%
- 6M
- -11.03%
- 1Y
- 37.53%
- 3Y*
- 35.41%
- 5Y*
- 15.27%
- 10Y*
- 29.40%
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RYTNX vs. QLD - Expense Ratio Comparison
RYTNX has a 1.82% expense ratio, which is higher than QLD's 0.95% expense ratio.
Return for Risk
RYTNX vs. QLD — Risk / Return Rank
RYTNX
QLD
RYTNX vs. QLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 2x Strategy Fund (RYTNX) and ProShares Ultra QQQ (QLD). 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.
| RYTNX | QLD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.84 | -0.30 |
Sortino ratioReturn per unit of downside risk | 0.99 | 1.43 | -0.44 |
Omega ratioGain probability vs. loss probability | 1.15 | 1.20 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.63 | 1.49 | -0.86 |
Martin ratioReturn relative to average drawdown | 2.73 | 4.88 | -2.16 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RYTNX | QLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.84 | -0.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.34 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.66 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.22 | 0.53 | -0.31 |
Correlation
The correlation between RYTNX and QLD 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.
Dividends
RYTNX vs. QLD - Dividend Comparison
RYTNX's dividend yield for the trailing twelve months is around 5.66%, more than QLD's 0.19% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 5.66% | 4.79% | 5.45% | 0.14% | 0.00% | 0.14% | 0.69% | 1.84% | 0.00% | 5.84% | 0.16% | 1.52% |
QLD ProShares Ultra QQQ | 0.19% | 0.17% | 0.25% | 0.33% | 0.31% | 0.00% | 0.00% | 0.13% | 0.06% | 0.02% | 0.21% | 0.11% |
Drawdowns
RYTNX vs. QLD - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -86.64%, roughly equal to the maximum QLD drawdown of -83.13%. Use the drawdown chart below to compare losses from any high point for RYTNX and QLD.
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Drawdown Indicators
| RYTNX | QLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.64% | -83.13% | -3.51% |
Max Drawdown (1Y)Largest decline over 1 year | -23.40% | -25.13% | +1.73% |
Max Drawdown (5Y)Largest decline over 5 years | -47.01% | -63.68% | +16.67% |
Max Drawdown (10Y)Largest decline over 10 years | -59.23% | -63.68% | +4.45% |
Current DrawdownCurrent decline from peak | -18.43% | -20.10% | +1.67% |
Average DrawdownAverage peak-to-trough decline | -28.72% | -18.30% | -10.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.37% | 7.67% | -2.30% |
Volatility
RYTNX vs. QLD - Volatility Comparison
The current volatility for Rydex S&P 500 2x Strategy Fund (RYTNX) is 8.52%, while ProShares Ultra QQQ (QLD) has a volatility of 12.96%. This indicates that RYTNX experiences smaller price fluctuations and is considered to be less risky than QLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYTNX | QLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.52% | 12.96% | -4.44% |
Volatility (6M)Calculated over the trailing 6-month period | 18.16% | 25.55% | -7.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 36.23% | 44.91% | -8.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.67% | 44.77% | -11.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.08% | 44.47% | -8.39% |