RYTNX vs. RMQAX
Compare and contrast key facts about Rydex S&P 500 2x Strategy Fund (RYTNX) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX).
RYTNX is managed by Rydex Funds. It was launched on May 18, 2000. RMQAX is managed by Rydex Funds. It was launched on Nov 27, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: RYTNX or RMQAX.
Key characteristics
| RYTNX | RMQAX | |
|---|---|---|
| YTD Return | 46.50% | 44.61% |
| 1Y Return | 63.25% | 56.03% |
| 3Y Return (Ann) | 9.28% | 6.16% |
| 5Y Return (Ann) | 20.33% | 31.02% |
| Sharpe Ratio | 2.63 | 1.61 |
| Sortino Ratio | 3.21 | 2.11 |
| Omega Ratio | 1.45 | 1.28 |
| Calmar Ratio | 2.91 | 2.05 |
| Martin Ratio | 15.94 | 7.38 |
| Ulcer Index | 4.00% | 7.61% |
| Daily Std Dev | 24.28% | 34.98% |
| Max Drawdown | -89.80% | -63.96% |
| Current Drawdown | -1.76% | -2.03% |
Correlation
The correlation between RYTNX and RMQAX is 0.90, 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. RMQAX - Performance Comparison
The year-to-date returns for both stocks are quite close, with RYTNX having a 46.50% return and RMQAX slightly lower at 44.61%. 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. RMQAX - Expense Ratio Comparison
RYTNX has a 1.82% expense ratio, which is higher than RMQAX's 1.32% expense ratio.
Risk-Adjusted Performance
RYTNX vs. RMQAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex S&P 500 2x Strategy Fund (RYTNX) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX). 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. RMQAX - Dividend Comparison
RYTNX's dividend yield for the trailing twelve months is around 0.10%, more than RMQAX's 0.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 0.10% | 0.14% | 0.00% | 0.00% | 0.00% | 0.00% |
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 0.09% | 0.14% | 0.00% | 0.00% | 0.00% | 0.10% |
Drawdowns
RYTNX vs. RMQAX - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -89.80%, which is greater than RMQAX's maximum drawdown of -63.96%. Use the drawdown chart below to compare losses from any high point for RYTNX and RMQAX. For additional features, visit the drawdowns tool.
Volatility
RYTNX vs. RMQAX - Volatility Comparison
The current volatility for Rydex S&P 500 2x Strategy Fund (RYTNX) is 7.60%, while Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a volatility of 9.67%. This indicates that RYTNX experiences smaller price fluctuations and is considered to be less risky than RMQAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.