GRZZX vs. BEARX
GRZZX (Grizzly Short Fund) and BEARX (Federated Hermes Prudent Bear Fd) are both Inverse Equities funds. Over the past 10 years, GRZZX returned -0.76%/yr vs -14.19%/yr for BEARX. Their correlation of 0.83 means they have usually moved in the same direction. GRZZX charges 1.61%/yr vs 1.78%/yr for BEARX.
Performance
GRZZX vs. BEARX - Performance Comparison
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Returns By Period
In the year-to-date period, GRZZX achieves a -7.60% return, which is significantly lower than BEARX's -6.07% return. Over the past 10 years, GRZZX has outperformed BEARX with an annualized return of -0.76%, while BEARX has yielded a comparatively lower -14.19% annualized return.
GRZZX
- 1D
- -0.49%
- 1M
- 1.10%
- 6M
- -6.54%
- YTD
- -7.60%
- 1Y
- -8.55%
- 3Y*
- -5.42%
- 5Y*
- -3.45%
- 10Y*
- -0.76%
- ALL TIME*
- -7.01%
BEARX
- 1D
- -1.66%
- 1M
- 0.85%
- 6M
- -5.07%
- YTD
- -6.07%
- 1Y
- -11.20%
- 3Y*
- -13.79%
- 5Y*
- -11.02%
- 10Y*
- -14.19%
- ALL TIME*
- -2.54%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
GRZZX Grizzly Short Fund | $0.00 | $0.00 | $0.00 |
GRZZX vs. BEARX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | -7.60% | -2.98% | -6.74% | -18.72% | 22.43% | -15.87% | -41.33% | -29.43% | 301.98% | -19.84% |
BEARX Federated Hermes Prudent Bear Fd | -6.07% | -12.42% | -20.34% | -18.67% | 17.78% | -23.78% | -22.95% | -19.95% | -5.96% | -15.76% |
Correlation
The correlation between GRZZX and BEARX is 0.30, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.30 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.72 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.83 |
Over the past year, the correlation between GRZZX and BEARX has dropped to 0.30 - well below their long-term average of 0.83, suggesting their price drivers have been diverging.
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Return for Risk
GRZZX vs. BEARX — Risk / Return Rank
GRZZX
BEARX
GRZZX vs. BEARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and Federated Hermes Prudent Bear Fd (BEARX). 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.
| GRZZX | BEARX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.64 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.86 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.64 | +0.27 |
| Martin ratioReturn relative to average drawdown | -0.77 | -1.23 | +0.46 |
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Drawdowns
GRZZX vs. BEARX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, roughly equal to the maximum BEARX drawdown of -95.75%. Use the drawdown chart below to compare losses from any high point for GRZZX and BEARX.
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Drawdown Indicators
| GRZZX | BEARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -95.75% | +3.95% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -16.55% | +0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -31.23% | -44.46% | +13.23% |
Max Drawdown (5Y)Largest decline over 5 years | -39.19% | -52.48% | +13.29% |
Max Drawdown (10Y)Largest decline over 10 years | -73.13% | -79.22% | +6.09% |
Current DrawdownCurrent decline from peak | -89.70% | -95.59% | +5.89% |
Average DrawdownAverage peak-to-trough decline | -69.47% | -61.21% | -8.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.63% | 8.60% | -0.97% |
Volatility
GRZZX vs. BEARX - Volatility Comparison
Grizzly Short Fund (GRZZX) and Federated Hermes Prudent Bear Fd (BEARX) have volatilities of 3.84% and 3.78%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRZZX | BEARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 3.78% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 10.32% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 12.86% | +1.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 17.15% | +2.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.61% | 16.71% | +79.90% |
GRZZX vs. BEARX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is lower than BEARX's 1.78% expense ratio.
Dividends
GRZZX vs. BEARX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 4.95%, less than BEARX's 7.15% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BEARX Federated Hermes Prudent Bear Fd | 7.15% | 6.71% | 0.00% | 13.32% | 0.00% | 0.00% | 0.00% | 0.62% |
GRZZX Grizzly Short Fund | 4.95% | 6.00% | 10.30% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% |
Frequently Asked Questions
GRZZX and BEARX have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRZZX has higher volatility (3.84%) compared to BEARX (3.78%). In terms of maximum drawdown, GRZZX dropped -91.80% vs BEARX's -95.75%.
GRZZX currently has the higher Sharpe Ratio (-0.42 vs -0.83), 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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