USNQX vs. RYVYX
USNQX (USAA Nasdaq 100 Index Fund) and RYVYX (Rydex NASDAQ-100 2x Strategy Fund) are both mutual funds - USNQX is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while RYVYX is a Leveraged Equities fund managed by Rydex Funds. Over the past 10 years, USNQX returned 21.43%/yr vs 34.73%/yr for RYVYX. With a 0.99 correlation, they move nearly in lockstep. USNQX charges 0.42%/yr vs 1.87%/yr for RYVYX.
Performance
USNQX vs. RYVYX - Performance Comparison
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Returns By Period
In the year-to-date period, USNQX achieves a 16.78% return, which is significantly lower than RYVYX's 30.64% return. Over the past 10 years, USNQX has underperformed RYVYX with an annualized return of 21.43%, while RYVYX has yielded a comparatively higher 34.73% annualized return.
USNQX
- 1D
- 3.29%
- 1M
- -0.39%
- YTD
- 16.78%
- 6M
- 17.02%
- 1Y
- 36.47%
- 3Y*
- 26.28%
- 5Y*
- 16.43%
- 10Y*
- 21.43%
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%
USNQX vs. RYVYX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USNQX USAA Nasdaq 100 Index Fund | 16.78% | 20.52% | 25.42% | 54.46% | -32.71% | 26.82% | 48.31% | 38.86% | -0.43% | 32.30% |
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% |
Correlation
The correlation between USNQX and RYVYX 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 | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.99 |
The correlation between USNQX and RYVYX has been stable across timeframes, ranging from 0.98 to 1.00 - a consistent structural relationship.
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Return for Risk
USNQX vs. RYVYX — Risk / Return Rank
USNQX
RYVYX
USNQX vs. RYVYX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for USAA Nasdaq 100 Index Fund (USNQX) and Rydex NASDAQ-100 2x Strategy Fund (RYVYX). 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.
| USNQX | RYVYX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.09 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.32 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.65 | +0.27 |
| Martin ratioReturn relative to average drawdown | 10.87 | 9.01 | +1.85 |
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Drawdowns
USNQX vs. RYVYX - Drawdown Comparison
The maximum USNQX drawdown since its inception was -76.24%, smaller than the maximum RYVYX drawdown of -95.57%. Use the drawdown chart below to compare losses from any high point for USNQX and RYVYX.
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Drawdown Indicators
| USNQX | RYVYX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -76.24% | -95.57% | +19.33% |
Max Drawdown (1Y)Largest decline over 1 year | -12.07% | -25.39% | +13.32% |
Max Drawdown (3Y)Largest decline over 3 years | -22.88% | -42.48% | +19.60% |
Max Drawdown (5Y)Largest decline over 5 years | -36.95% | -65.38% | +28.43% |
Max Drawdown (10Y)Largest decline over 10 years | -36.95% | -65.38% | +28.43% |
Current DrawdownCurrent decline from peak | -3.92% | -8.24% | +4.32% |
Average DrawdownAverage peak-to-trough decline | -26.73% | -49.12% | +22.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 7.45% | -4.22% |
Volatility
USNQX vs. RYVYX - Volatility Comparison
The current volatility for USAA Nasdaq 100 Index Fund (USNQX) is 7.55%, while Rydex NASDAQ-100 2x Strategy Fund (RYVYX) has a volatility of 15.23%. This indicates that USNQX experiences smaller price fluctuations and is considered to be less risky than RYVYX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| USNQX | RYVYX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.55% | 15.23% | -7.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.84% | 27.69% | -13.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.30% | 34.52% | -17.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.06% | 45.45% | -22.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.74% | 45.17% | -22.43% |
USNQX vs. RYVYX - Expense Ratio Comparison
USNQX has a 0.42% expense ratio, which is lower than RYVYX's 1.87% expense ratio.
Dividends
USNQX vs. RYVYX - Dividend Comparison
USNQX's dividend yield for the trailing twelve months is around 2.58%, less than RYVYX's 5.48% 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% |
USNQX USAA Nasdaq 100 Index Fund | 2.58% | 3.01% | 2.19% | 2.60% | 4.13% | 4.48% | 1.53% | 0.88% | 0.69% | 1.97% | 0.50% | 2.73% |
Frequently Asked Questions
With a correlation of 1.00, USNQX and RYVYX 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.
RYVYX has higher volatility (15.23%) compared to USNQX (7.55%). In terms of maximum drawdown, USNQX dropped -76.24% vs RYVYX's -95.57%.
USNQX currently has the higher Sharpe Ratio (2.04 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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