RYTNX vs. QQQ
Compare and contrast key facts about Rydex S&P 500 2x Strategy Fund (RYTNX) and Invesco QQQ (QQQ).
RYTNX is managed by Rydex Funds. It was launched on May 18, 2000. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYTNX or QQQ.
Correlation
The correlation between RYTNX and QQQ is 0.87, 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. QQQ - Performance Comparison
Key characteristics
RYTNX:
1.62
QQQ:
1.64
RYTNX:
2.08
QQQ:
2.19
RYTNX:
1.29
QQQ:
1.30
RYTNX:
2.47
QQQ:
2.16
RYTNX:
9.72
QQQ:
7.79
RYTNX:
4.28%
QQQ:
3.76%
RYTNX:
25.71%
QQQ:
17.85%
RYTNX:
-89.80%
QQQ:
-82.98%
RYTNX:
-10.05%
QQQ:
-3.63%
Returns By Period
In the year-to-date period, RYTNX achieves a 37.67% return, which is significantly higher than QQQ's 27.20% return. Over the past 10 years, RYTNX has underperformed QQQ with an annualized return of 16.63%, while QQQ has yielded a comparatively higher 18.36% annualized return.
RYTNX
37.67%
-4.92%
8.13%
38.76%
17.77%
16.63%
QQQ
27.20%
3.08%
8.34%
27.81%
20.44%
18.36%
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RYTNX vs. QQQ - Expense Ratio Comparison
RYTNX has a 1.82% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RYTNX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 2x Strategy Fund (RYTNX) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
RYTNX has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.43%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 0.00% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.43% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
RYTNX vs. QQQ - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -89.80%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RYTNX and QQQ. For additional features, visit the drawdowns tool.
Volatility
RYTNX vs. QQQ - Volatility Comparison
Rydex S&P 500 2x Strategy Fund (RYTNX) has a higher volatility of 9.75% compared to Invesco QQQ (QQQ) at 5.29%. This indicates that RYTNX's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.