RYTNX vs. RMQAX
RYTNX (Rydex S&P 500 2x Strategy Fund) and RMQAX (Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund) are both Leveraged Equities funds from Rydex Funds. Over the past 10 years, RYTNX returned 21.81%/yr vs 34.08%/yr for RMQAX. Their correlation of 0.91 means they have usually moved in the same direction. RYTNX charges 1.82%/yr vs 1.32%/yr for RMQAX.
Performance
RYTNX vs. RMQAX - Performance Comparison
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Returns By Period
In the year-to-date period, RYTNX achieves a 15.52% return, which is significantly lower than RMQAX's 17.71% return. Over the past 10 years, RYTNX has underperformed RMQAX with an annualized return of 21.81%, while RMQAX has yielded a comparatively higher 34.08% annualized return.
RYTNX
- 1D
- 1.37%
- 1M
- -0.24%
- 6M
- 11.77%
- YTD
- 15.52%
- 1Y
- 35.71%
- 3Y*
- 29.42%
- 5Y*
- 15.62%
- 10Y*
- 21.81%
- ALL TIME*
- 9.50%
RMQAX
- 1D
- 1.29%
- 1M
- -7.73%
- 6M
- 13.82%
- YTD
- 17.71%
- 1Y
- 41.27%
- 3Y*
- 36.09%
- 5Y*
- 18.27%
- 10Y*
- 34.08%
- ALL TIME*
- 31.46%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RYTNX vs. RMQAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYTNX Rydex S&P 500 2x Strategy Fund | 15.52% | 24.88% | 41.95% | 45.20% | -39.32% | 55.55% | 20.31% | 62.29% | -15.06% | 42.95% |
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 17.71% | 33.92% | 44.76% | 115.91% | -59.93% | 56.36% | 101.06% | 80.80% | -7.28% | 69.80% |
Correlation
The correlation between RYTNX and RMQAX is 0.93, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.93 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015 | 0.91 |
The correlation between RYTNX and RMQAX has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.
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Return for Risk
RYTNX vs. RMQAX — Risk / Return Rank
RYTNX
RMQAX
RYTNX vs. RMQAX - Risk-Adjusted Trends 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| RYTNX | RMQAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.31 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.71 | 1.44 | +0.27 |
| Martin ratioReturn relative to average drawdown | 6.83 | 4.42 | +2.42 |
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Drawdowns
RYTNX vs. RMQAX - Drawdown Comparison
The maximum RYTNX drawdown since its inception was -86.64%, which is greater than RMQAX's maximum drawdown of -63.18%. Use the drawdown chart below to compare losses from any high point for RYTNX and RMQAX.
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Drawdown Indicators
| RYTNX | RMQAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -86.64% | -63.18% | -23.46% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -24.96% | +6.53% |
Max Drawdown (3Y)Largest decline over 3 years | -35.36% | -42.45% | +7.09% |
Max Drawdown (5Y)Largest decline over 5 years | -47.01% | -63.18% | +16.17% |
Max Drawdown (10Y)Largest decline over 10 years | -59.23% | -63.18% | +3.95% |
Current DrawdownCurrent decline from peak | -4.14% | -16.01% | +11.87% |
Average DrawdownAverage peak-to-trough decline | -28.38% | -12.85% | -15.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.60% | 8.10% | -3.50% |
Volatility
RYTNX vs. RMQAX - Volatility Comparison
The current volatility for Rydex S&P 500 2x Strategy Fund (RYTNX) is 7.02%, while Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a volatility of 14.50%. 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.
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Volatility by Period
| RYTNX | RMQAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.02% | 14.50% | -7.48% |
Volatility (6M)Calculated over the trailing 6-month period | 20.20% | 32.55% | -12.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.70% | 39.25% | -13.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.97% | 47.22% | -13.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.17% | 46.82% | -10.65% |
RYTNX vs. RMQAX - Expense Ratio Comparison
RYTNX has a 1.82% expense ratio, which is higher than RMQAX's 1.32% expense ratio.
Dividends
RYTNX vs. RMQAX - Dividend Comparison
RYTNX's dividend yield for the trailing twelve months is around 4.15%, less than RMQAX's 30.81% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund | 30.81% | 36.27% | 26.02% | 3.76% | 0.00% | 2.18% | 5.30% | 0.10% | 0.00% | 0.00% | 0.00% | 0.00% |
RYTNX Rydex S&P 500 2x Strategy Fund | 4.15% | 4.79% | 5.45% | 0.14% | 0.00% | 0.14% | 0.69% | 1.84% | 0.00% | 5.84% | 0.16% | 1.52% |
Frequently Asked Questions
With a correlation of 0.93, RYTNX and RMQAX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
RMQAX has higher volatility (14.50%) compared to RYTNX (7.02%). In terms of maximum drawdown, RYTNX dropped -86.64% vs RMQAX's -63.18%.
RYTNX currently has the higher Sharpe Ratio (1.22 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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