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:
1.15
QQQ:
1.30
RYTNX:
1.58
QQQ:
1.78
RYTNX:
1.21
QQQ:
1.24
RYTNX:
1.80
QQQ:
1.76
RYTNX:
5.65
QQQ:
6.08
RYTNX:
5.35%
QQQ:
3.92%
RYTNX:
26.35%
QQQ:
18.35%
RYTNX:
-89.80%
QQQ:
-82.98%
RYTNX:
-8.26%
QQQ:
-2.49%
Returns By Period
In the year-to-date period, RYTNX achieves a 3.59% return, which is significantly higher than QQQ's 2.90% return. Over the past 10 years, RYTNX has underperformed QQQ with an annualized return of 16.52%, while QQQ has yielded a comparatively higher 18.10% annualized return.
RYTNX
3.59%
-3.85%
5.29%
24.67%
18.29%
16.52%
QQQ
2.90%
-1.23%
9.93%
21.16%
19.73%
18.10%
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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 Rank
RYTNX
QQQ
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's dividend yield for the trailing twelve months is around 0.35%, less than QQQ's 0.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 0.35% | 0.37% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QQQ Invesco QQQ | 0.54% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
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 6.87% compared to Invesco QQQ (QQQ) at 5.02%. 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.