Correlation
The correlation between RYVYX 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.
RYVYX vs. QQQ
Compare and contrast key facts about Rydex NASDAQ-100 2x Strategy Fund (RYVYX) and Invesco QQQ (QQQ).
RYVYX is managed by Rydex Funds. It was launched on May 23, 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: RYVYX or QQQ.
Performance
RYVYX vs. QQQ - Performance Comparison
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Key characteristics
RYVYX:
0.34
QQQ:
0.62
RYVYX:
0.72
QQQ:
0.92
RYVYX:
1.10
QQQ:
1.13
RYVYX:
0.31
QQQ:
0.60
RYVYX:
0.87
QQQ:
1.94
RYVYX:
14.92%
QQQ:
7.02%
RYVYX:
51.21%
QQQ:
25.59%
RYVYX:
-98.40%
QQQ:
-82.98%
RYVYX:
-12.95%
QQQ:
-3.64%
Returns By Period
In the year-to-date period, RYVYX achieves a -3.25% return, which is significantly lower than QQQ's 1.69% return. Over the past 10 years, RYVYX has outperformed QQQ with an annualized return of 26.31%, while QQQ has yielded a comparatively lower 17.69% annualized return.
RYVYX
-3.25%
15.51%
-3.37%
17.21%
27.15%
25.68%
26.31%
QQQ
1.69%
7.77%
2.15%
15.88%
19.78%
18.08%
17.69%
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RYVYX vs. QQQ - Expense Ratio Comparison
RYVYX has a 1.87% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
RYVYX vs. QQQ — Risk-Adjusted Performance Rank
RYVYX
QQQ
RYVYX vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex NASDAQ-100 2x Strategy Fund (RYVYX) 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.
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Dividends
RYVYX vs. QQQ - Dividend Comparison
RYVYX's dividend yield for the trailing twelve months is around 5.95%, more than QQQ's 0.58% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYVYX Rydex NASDAQ-100 2x Strategy Fund | 5.95% | 5.76% | 0.00% | 0.00% | 5.84% | 8.91% | 5.19% | 0.00% | 14.19% | 1.63% | 4.26% | 3.80% |
QQQ Invesco QQQ | 0.58% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% |
Drawdowns
RYVYX vs. QQQ - Drawdown Comparison
The maximum RYVYX drawdown since its inception was -98.40%, which is greater than QQQ's maximum drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for RYVYX and QQQ.
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Volatility
RYVYX vs. QQQ - Volatility Comparison
Rydex NASDAQ-100 2x Strategy Fund (RYVYX) has a higher volatility of 11.07% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that RYVYX'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.
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