RYUIX vs. RMQAX

Last updated Jun 3, 2026

RYUIX (Rydex Utilities Fund) and RMQAX (Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund) are both mutual funds - RYUIX is a Utilities Equities fund managed by Rydex Funds, while RMQAX is a Leveraged Equities fund managed by Rydex Funds. Over the past 10 years, RYUIX returned 7.58%/yr vs 37.49%/yr for RMQAX. At a 0.29 correlation, their price movements are largely independent. RYUIX charges 1.39%/yr vs 1.32%/yr for RMQAX.

Performance

RYUIX vs. RMQAX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Rydex Utilities Fund (RYUIX) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RYUIX achieves a 2.61% return, which is significantly lower than RMQAX's 38.84% return. Over the past 10 years, RYUIX has underperformed RMQAX with an annualized return of 7.58%, while RMQAX has yielded a comparatively higher 37.49% annualized return.

RYUIX

• 1D: -2.63%
• 1M: -5.75%
• YTD: 2.61%
• 6M: 0.57%
• 1Y: 9.40%
• 3Y*: 13.07%
• 5Y*: 8.59%
• 10Y*: 7.58%

RMQAX

• 1D: 1.16%
• 1M: 19.81%
• YTD: 38.84%
• 6M: 35.01%
• 1Y: 84.61%
• 3Y*: 50.71%
• 5Y*: 26.56%
• 10Y*: 37.49%

*Multi-year figures are annualized to reflect compound growth (CAGR)

RYUIX vs. RMQAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYUIX Rydex Utilities Fund	2.61%	17.90%	20.25%	-6.78%	1.32%	15.08%	-4.56%	19.38%	4.07%	11.36%
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund	38.84%	33.92%	44.76%	115.91%	-59.93%	56.36%	101.06%	80.80%	-7.28%	69.80%

Correlation

The correlation between RYUIX and RMQAX is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.16
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.27
Correlation (10Y) Calculated over the trailing 10-year period	0.26
Correlation (All Time) Calculated using the full available price history since Jan 5, 2015	0.29

The correlation between RYUIX and RMQAX shifts across timeframes, from 0.16 (1 year) to 0.29 (all time), reflecting how their relationship changes across market environments.

Return for Risk

RYUIX vs. RMQAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

RYUIX

RYUIX Risk / Return Rank: 10
RYUIX Sharpe Ratio Rank: 9
RYUIX Sortino Ratio Rank: 8
RYUIX Omega Ratio Rank: 8
RYUIX Calmar Ratio Rank: 14
RYUIX Martin Ratio Rank: 9

RMQAX

RMQAX Risk / Return Rank: 67
RMQAX Sharpe Ratio Rank: 84
RMQAX Sortino Ratio Rank: 57
RMQAX Omega Ratio Rank: 56
RMQAX Calmar Ratio Rank: 76
RMQAX Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

RYUIX vs. RMQAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Utilities Fund (RYUIX) 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.

	RYUIX	RMQAX	Difference
Sharpe ratio Return per unit of total volatility	0.71	2.73	-2.02
Sortino ratio Return per unit of downside risk	1.03	3.18	-2.15
Omega ratio Gain probability vs. loss probability	1.13	1.42	-0.29
Calmar ratio Return relative to maximum drawdown	1.32	3.48	-2.16
Martin ratio Return relative to average drawdown	2.92	12.60	-9.68
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RYUIX vs. RMQAX - Sharpe Ratio Comparison

The current RYUIX Sharpe Ratio is 0.71, which is lower than the RMQAX Sharpe Ratio of 2.73. The chart below compares the historical Sharpe Ratios of RYUIX and RMQAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RYUIX	RMQAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.71	2.73	-2.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	0.58	-0.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.81	-0.41
Sharpe Ratio (All Time) Calculated using the full available price history	0.27	0.75	-0.48

Drawdowns

RYUIX vs. RMQAX - Drawdown Comparison

The maximum RYUIX drawdown since its inception was -63.29%, roughly equal to the maximum RMQAX drawdown of -63.18%. Use the drawdown chart below to compare losses from any high point for RYUIX and RMQAX.

Drawdown Indicators

	RYUIX	RMQAX	Difference
Max Drawdown Largest peak-to-trough decline	-63.29%	-63.18%	-0.11%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-24.96%	+16.99%
Max Drawdown (3Y) Largest decline over 3 years	-17.03%	-42.45%	+25.42%
Max Drawdown (5Y) Largest decline over 5 years	-24.28%	-63.18%	+38.90%
Max Drawdown (10Y) Largest decline over 10 years	-36.88%	-63.18%	+26.30%
Current Drawdown Current decline from peak	-7.68%	0.00%	-7.68%
Average Drawdown Average peak-to-trough decline	-14.46%	-12.91%	-1.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	6.89%	-3.30%

Volatility

RYUIX vs. RMQAX - Volatility Comparison

The current volatility for Rydex Utilities Fund (RYUIX) is 4.72%, while Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund (RMQAX) has a volatility of 8.62%. This indicates that RYUIX 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.

Volatility by Period

	RYUIX	RMQAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	8.62%	-3.90%
Volatility (6M) Calculated over the trailing 6-month period	10.89%	24.34%	-13.45%
Volatility (1Y) Calculated over the trailing 1-year period	13.61%	32.21%	-18.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.65%	46.18%	-29.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.93%	46.42%	-27.49%

RYUIX vs. RMQAX - Expense Ratio Comparison

RYUIX has a 1.39% expense ratio, which is higher than RMQAX's 1.32% expense ratio.

Dividends

RYUIX vs. RMQAX - Dividend Comparison

RYUIX's dividend yield for the trailing twelve months is around 1.82%, less than RMQAX's 26.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RMQAX Rydex Monthly Rebalance NASDAQ-100 2x Strategy Fund	26.12%	36.27%	26.02%	3.76%	0.00%	2.18%	5.30%	0.10%	0.00%	0.00%	0.00%	0.00%
RYUIX Rydex Utilities Fund	1.82%	1.87%	0.67%	3.16%	0.81%	2.61%	2.17%	0.91%	0.00%	2.61%	10.04%	1.62%

Frequently Asked Questions

Can I hold both RYUIX and RMQAX in my portfolio?

RYUIX and RMQAX have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYUIX or RMQAX?

RMQAX has higher volatility (8.62%) compared to RYUIX (4.72%). In terms of maximum drawdown, RYUIX dropped -63.29% vs RMQAX's -63.18%.

Which has better risk-adjusted returns?

RMQAX currently has the higher Sharpe Ratio (2.73 vs 0.71), 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.