RYWTX vs. RMQHX

Last updated Aug 1, 2026

RYWTX (Rydex Emerging Markets 2x Strategy Fund) and RMQHX (Rydex Monthly Rebalance NASDAQ-100 2x Strategy H) are both Leveraged Equities funds. Over the past 10 years, RYWTX returned 7.62%/yr vs 33.68%/yr for RMQHX. Their 0.69 correlation means they have sometimes moved together and sometimes differently. RYWTX charges 1.82%/yr vs 1.27%/yr for RMQHX.

Performance

RYWTX vs. RMQHX - Performance Comparison

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

Returns By Period

In the year-to-date period, RYWTX achieves a -0.15% return, which is significantly lower than RMQHX's 16.20% return. Over the past 10 years, RYWTX has underperformed RMQHX with an annualized return of 7.62%, while RMQHX has yielded a comparatively higher 33.68% annualized return.

RYWTX

• 1D: 6.70%
• 1M: 3.36%
• 6M: -12.21%
• YTD: -0.15%
• 1Y: 28.91%
• 3Y*: 18.66%
• 5Y*: 0.41%
• 10Y*: 7.62%
• ALL TIME*: -1.64%

RMQHX

• 1D: 7.48%
• 1M: -8.91%
• 6M: 13.97%
• YTD: 16.20%
• 1Y: 39.44%
• 3Y*: 35.26%
• 5Y*: 17.94%
• 10Y*: 33.68%
• ALL TIME*: 31.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
RMQHX Rydex Monthly Rebalance NASDAQ-100 2x Strategy H	$0.00	$0.00	$0.00
RYWTX Rydex Emerging Markets 2x Strategy Fund	$0.00	$0.00	$0.00

RYWTX vs. RMQHX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RYWTX Rydex Emerging Markets 2x Strategy Fund	-0.15%	69.22%	5.96%	21.59%	-37.87%	-36.42%	45.21%	48.35%	-32.80%	74.71%
RMQHX Rydex Monthly Rebalance NASDAQ-100 2x Strategy H	16.20%	33.90%	44.74%	115.89%	-59.96%	56.33%	101.06%	80.70%	-7.28%	69.79%

Correlation

The correlation between RYWTX and RMQHX is 0.71, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.71
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (5Y) Shows whether the relationship held over a longer period.	0.67
Correlation (10Y) Provides a long-term view across more market conditions.	0.69
Correlation (All Time) Calculated using the full available price history since Jan 2, 2015	0.69

The correlation between RYWTX and RMQHX has been stable across timeframes, ranging from 0.66 to 0.71 - a consistent structural relationship.

Return for Risk

RYWTX vs. RMQHX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RYWTX

RYWTX Risk / Return Rank: 16
RYWTX Sharpe Ratio Rank: 14
RYWTX Sortino Ratio Rank: 17
RYWTX Omega Ratio Rank: 17
RYWTX Calmar Ratio Rank: 16
RYWTX Martin Ratio Rank: 13

RMQHX

RMQHX Risk / Return Rank: 27
RMQHX Sharpe Ratio Rank: 24
RMQHX Sortino Ratio Rank: 26
RMQHX Omega Ratio Rank: 26
RMQHX Calmar Ratio Rank: 29
RMQHX Martin Ratio Rank: 28

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RYWTX vs. RMQHX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Rydex Emerging Markets 2x Strategy Fund (RYWTX) and Rydex Monthly Rebalance NASDAQ-100 2x Strategy H (RMQHX). 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.

	RYWTX	RMQHX	Difference
Sharpe ratio: Return per unit of total volatility	0.57	0.83	-0.26
Sortino ratio: Return per unit of downside risk	1.08	1.32	-0.25
Omega ratio: Gain probability vs. loss probability	1.13	1.16	-0.03
Calmar ratio: Return relative to maximum drawdown	0.85	1.31	-0.46
Martin ratio: Return relative to average drawdown	1.95	4.05	-2.10

RYWTX vs. RMQHX - Sharpe Ratio Comparison

The current RYWTX Sharpe Ratio is 0.57, which is lower than the RMQHX Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of RYWTX and RMQHX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RYWTX vs. RMQHX - Drawdown Comparison

The maximum RYWTX drawdown since its inception was -78.47%, which is greater than RMQHX's maximum drawdown of -63.21%. Use the drawdown chart below to compare losses from any high point for RYWTX and RMQHX.

Drawdown Indicators

	RYWTX	RMQHX	Difference
Max Drawdown Largest peak-to-trough decline	-78.47%	-63.21%	-15.26%
Max Drawdown (1Y) Largest decline over 1 year	-30.01%	-24.97%	-5.04%
Max Drawdown (3Y) Largest decline over 3 years	-37.38%	-42.46%	+5.08%
Max Drawdown (5Y) Largest decline over 5 years	-65.80%	-63.21%	-2.59%
Max Drawdown (10Y) Largest decline over 10 years	-78.47%	-63.21%	-15.26%
Current Drawdown Current decline from peak	-37.43%	-17.08%	-20.35%
Average Drawdown Average peak-to-trough decline	-49.71%	-12.81%	-36.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	13.03%	8.05%	+4.98%

Volatility

RYWTX vs. RMQHX - Volatility Comparison

The current volatility for Rydex Emerging Markets 2x Strategy Fund (RYWTX) is 13.04%, while Rydex Monthly Rebalance NASDAQ-100 2x Strategy H (RMQHX) has a volatility of 14.58%. This indicates that RYWTX experiences smaller price fluctuations and is considered to be less risky than RMQHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RYWTX	RMQHX	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.04%	14.58%	-1.54%
Volatility (6M) Calculated over the trailing 6-month period	35.66%	32.55%	+3.11%
Volatility (1Y) Calculated over the trailing 1-year period	44.39%	39.23%	+5.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	48.19%	47.28%	+0.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	46.69%	46.84%	-0.15%

RYWTX vs. RMQHX - Expense Ratio Comparison

RYWTX has a 1.82% expense ratio, which is higher than RMQHX's 1.27% expense ratio.

Dividends

RYWTX vs. RMQHX - Dividend Comparison

RYWTX's dividend yield for the trailing twelve months is around 0.84%, less than RMQHX's 29.92% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
RMQHX Rydex Monthly Rebalance NASDAQ-100 2x Strategy H	29.92%	34.77%	25.22%	3.66%	0.00%	2.13%	5.17%	0.10%	0.00%	0.00%	0.00%	0.00%
RYWTX Rydex Emerging Markets 2x Strategy Fund	0.84%	0.84%	3.90%	2.14%	0.00%	0.00%	0.00%	0.58%	0.00%	0.00%	0.00%	1.59%

Frequently Asked Questions

Can I hold both RYWTX and RMQHX in my portfolio?

RYWTX and RMQHX have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RYWTX or RMQHX?

RMQHX has higher volatility (14.58%) compared to RYWTX (13.04%). In terms of maximum drawdown, RYWTX dropped -78.47% vs RMQHX's -63.21%.

Which has better risk-adjusted returns?

RMQHX currently has the higher Sharpe Ratio (0.83 vs 0.57), 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.