GRZZX vs. FXAIX
GRZZX (Grizzly Short Fund) and FXAIX (Fidelity 500 Index Fund) are both mutual funds - GRZZX is a Inverse Equities fund managed by Leuthold, while FXAIX is a S&P 500 fund tracking the S&P 500 Index. Over the past 10 years, GRZZX returned -0.76%/yr vs 15.00%/yr for FXAIX. Their -0.87 correlation means they have often moved in opposite directions in the past. GRZZX charges 1.61%/yr vs 0.02%/yr for FXAIX.
Performance
GRZZX vs. FXAIX - 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 FXAIX's 9.35% return. Over the past 10 years, GRZZX has underperformed FXAIX with an annualized return of -0.76%, while FXAIX has yielded a comparatively higher 15.00% 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%
FXAIX
- 1D
- 1.66%
- 1M
- -0.56%
- 6M
- 7.79%
- YTD
- 9.35%
- 1Y
- 20.63%
- 3Y*
- 19.03%
- 5Y*
- 12.68%
- 10Y*
- 15.00%
- ALL TIME*
- 13.89%
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. FXAIX - 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% |
FXAIX Fidelity 500 Index Fund | 9.35% | 17.84% | 25.01% | 26.29% | -18.14% | 28.71% | 18.42% | 31.48% | -4.43% | 21.82% |
Correlation
The correlation between GRZZX and FXAIX is -0.75, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.75 |
Correlation (3Y) Balances recent behavior with more history. | -0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.86 |
Correlation (All Time) Calculated using the full available price history since May 4, 2011 | -0.87 |
The correlation between GRZZX and FXAIX shifts across timeframes, from -0.87 (all time) to -0.75 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GRZZX vs. FXAIX — Risk / Return Rank
GRZZX
FXAIX
GRZZX vs. FXAIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and Fidelity 500 Index Fund (FXAIX). 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 | FXAIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.85 | ||
| Sortino ratioReturn per unit of downside risk | -2.50 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.26 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | 2.06 | -2.43 |
| Martin ratioReturn relative to average drawdown | -0.77 | 8.86 | -9.63 |
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Drawdowns
GRZZX vs. FXAIX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, which is greater than FXAIX's maximum drawdown of -33.79%. Use the drawdown chart below to compare losses from any high point for GRZZX and FXAIX.
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Drawdown Indicators
| GRZZX | FXAIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -33.79% | -58.01% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -8.89% | -7.14% |
Max Drawdown (3Y)Largest decline over 3 years | -31.23% | -18.76% | -12.47% |
Max Drawdown (5Y)Largest decline over 5 years | -39.19% | -24.50% | -14.69% |
Max Drawdown (10Y)Largest decline over 10 years | -73.13% | -33.79% | -39.34% |
Current DrawdownCurrent decline from peak | -89.70% | -2.11% | -87.59% |
Average DrawdownAverage peak-to-trough decline | -69.47% | -3.77% | -65.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.63% | 2.07% | +5.56% |
Volatility
GRZZX vs. FXAIX - Volatility Comparison
Grizzly Short Fund (GRZZX) has a higher volatility of 3.84% compared to Fidelity 500 Index Fund (FXAIX) at 3.44%. This indicates that GRZZX's price experiences larger fluctuations and is considered to be riskier than FXAIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRZZX | FXAIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 3.44% | +0.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 10.09% | +0.49% |
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% | 17.03% | +2.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.61% | 18.07% | +78.54% |
GRZZX vs. FXAIX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is higher than FXAIX's 0.02% expense ratio.
Dividends
GRZZX vs. FXAIX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 4.95%, more than FXAIX's 1.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FXAIX Fidelity 500 Index Fund | 1.07% | 1.11% | 1.25% | 1.45% | 1.69% | 1.22% | 1.60% | 2.06% | 2.72% | 1.97% | 2.52% | 2.83% |
GRZZX Grizzly Short Fund | 4.95% | 6.00% | 10.30% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GRZZX and FXAIX have a correlation of -0.75, 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 FXAIX (3.44%). In terms of maximum drawdown, GRZZX dropped -91.80% vs FXAIX's -33.79%.
FXAIX currently has the higher Sharpe Ratio (1.43 vs -0.42), 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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