RYVYX vs. TQQQ
RYVYX (Rydex NASDAQ-100 2x Strategy Fund) and TQQQ (ProShares UltraPro QQQ) are both Leveraged Equities funds. Over the past 10 years, RYVYX returned 34.73%/yr vs 44.55%/yr for TQQQ. With a 0.99 correlation, they move nearly in lockstep. RYVYX charges 1.87%/yr vs 0.95%/yr for TQQQ.
Performance
RYVYX vs. TQQQ - Performance Comparison
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Returns By Period
In the year-to-date period, RYVYX achieves a 30.64% return, which is significantly lower than TQQQ's 47.28% return. Over the past 10 years, RYVYX has underperformed TQQQ with an annualized return of 34.73%, while TQQQ has yielded a comparatively higher 44.55% annualized return.
RYVYX
- 1D
- 6.56%
- 1M
- -1.77%
- YTD
- 30.64%
- 6M
- 30.67%
- 1Y
- 70.56%
- 3Y*
- 46.26%
- 5Y*
- 22.45%
- 10Y*
- 34.73%
TQQQ
- 1D
- 1.99%
- 1M
- -1.81%
- YTD
- 47.28%
- 6M
- 47.23%
- 1Y
- 114.36%
- 3Y*
- 59.79%
- 5Y*
- 24.34%
- 10Y*
- 44.55%
RYVYX vs. TQQQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYVYX Rydex NASDAQ-100 2x Strategy Fund | 30.64% | 29.54% | 49.77% | 116.15% | -60.57% | 46.61% | 88.38% | 80.70% | -9.20% | 68.67% |
TQQQ ProShares UltraPro QQQ | 47.28% | 34.35% | 58.27% | 198.04% | -79.09% | 82.98% | 110.05% | 133.84% | -19.79% | 118.06% |
Correlation
The correlation between RYVYX and TQQQ is 1.00 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 1.00 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Feb 11, 2010 | 0.99 |
The correlation between RYVYX and TQQQ has been stable across timeframes, ranging from 0.99 to 1.00 - a consistent structural relationship.
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Return for Risk
RYVYX vs. TQQQ — Risk / Return Rank
RYVYX
TQQQ
RYVYX vs. TQQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex NASDAQ-100 2x Strategy Fund (RYVYX) and ProShares UltraPro QQQ (TQQQ). 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.
| RYVYX | TQQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.89 | -0.24 |
| Martin ratioReturn relative to average drawdown | 9.01 | 9.26 | -0.25 |
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Drawdowns
RYVYX vs. TQQQ - Drawdown Comparison
The maximum RYVYX drawdown since its inception was -95.57%, which is greater than TQQQ's maximum drawdown of -81.66%. Use the drawdown chart below to compare losses from any high point for RYVYX and TQQQ.
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Drawdown Indicators
| RYVYX | TQQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -95.57% | -81.66% | -13.91% |
Max Drawdown (1Y)Largest decline over 1 year | -25.39% | -36.97% | +11.58% |
Max Drawdown (3Y)Largest decline over 3 years | -42.48% | -58.04% | +15.56% |
Max Drawdown (5Y)Largest decline over 5 years | -65.38% | -81.66% | +16.28% |
Max Drawdown (10Y)Largest decline over 10 years | -65.38% | -81.66% | +16.28% |
Current DrawdownCurrent decline from peak | -8.24% | -11.12% | +2.88% |
Average DrawdownAverage peak-to-trough decline | -49.12% | -18.51% | -30.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.45% | 11.52% | -4.07% |
Volatility
RYVYX vs. TQQQ - Volatility Comparison
The current volatility for Rydex NASDAQ-100 2x Strategy Fund (RYVYX) is 15.23%, while ProShares UltraPro QQQ (TQQQ) has a volatility of 22.79%. This indicates that RYVYX experiences smaller price fluctuations and is considered to be less risky than TQQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYVYX | TQQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.23% | 22.79% | -7.56% |
Volatility (6M)Calculated over the trailing 6-month period | 27.69% | 41.26% | -13.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 34.52% | 51.24% | -16.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 45.45% | 67.02% | -21.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.17% | 66.22% | -21.05% |
RYVYX vs. TQQQ - Expense Ratio Comparison
RYVYX has a 1.87% expense ratio, which is higher than TQQQ's 0.95% expense ratio.
Dividends
RYVYX vs. TQQQ - Dividend Comparison
RYVYX's dividend yield for the trailing twelve months is around 5.48%, more than TQQQ's 0.41% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYVYX Rydex NASDAQ-100 2x Strategy Fund | 5.48% | 7.16% | 11.52% | 0.00% | 0.00% | 1.23% | 8.91% | 5.19% | 0.00% | 14.19% | 1.63% | 21.29% |
TQQQ ProShares UltraPro QQQ | 0.41% | 0.65% | 1.27% | 1.26% | 0.57% | 0.00% | 0.00% | 0.06% | 0.11% | 0.00% | 0.00% | 0.01% |
Frequently Asked Questions
With a correlation of 1.00, RYVYX and TQQQ 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.
TQQQ has higher volatility (22.79%) compared to RYVYX (15.23%). In terms of maximum drawdown, RYVYX dropped -95.57% vs TQQQ's -81.66%.
TQQQ currently has the higher Sharpe Ratio (2.09 vs 1.95), 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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