GRZZX vs. GLBIX
GRZZX (Grizzly Short Fund) and GLBIX (Leuthold Global Fund) are both mutual funds - GRZZX is a Inverse Equities fund managed by Leuthold, while GLBIX is a Global Allocation fund managed by Leuthold. Over the past 10 years, GRZZX returned -0.87%/yr vs 6.35%/yr for GLBIX. Their -0.77 correlation means they have often moved in opposite directions in the past. GRZZX charges 1.61%/yr vs 1.57%/yr for GLBIX.
Performance
GRZZX vs. GLBIX - Performance Comparison
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Returns By Period
In the year-to-date period, GRZZX achieves a -9.31% return, which is significantly lower than GLBIX's 12.71% return. Over the past 10 years, GRZZX has underperformed GLBIX with an annualized return of -0.87%, while GLBIX has yielded a comparatively higher 6.35% annualized return.
GRZZX
- 1D
- -1.96%
- 1M
- -0.77%
- 6M
- -8.91%
- YTD
- -9.31%
- 1Y
- -8.86%
- 3Y*
- -7.02%
- 5Y*
- -3.92%
- 10Y*
- -0.87%
- ALL TIME*
- -7.08%
GLBIX
- 1D
- 0.28%
- 1M
- 0.00%
- 6M
- 5.98%
- YTD
- 12.71%
- 1Y
- 20.51%
- 3Y*
- 11.73%
- 5Y*
- 6.59%
- 10Y*
- 6.35%
- ALL TIME*
- 7.33%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GLBIX Leuthold Global Fund | $0.00 | $0.00 | $0.00 |
GRZZX Grizzly Short Fund | $0.00 | $0.00 | $0.00 |
GRZZX vs. GLBIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | -9.31% | -2.98% | -6.74% | -18.72% | 22.43% | -15.87% | -41.33% | -29.43% | 301.98% | -19.84% |
GLBIX Leuthold Global Fund | 12.71% | 17.72% | 1.08% | 8.32% | -7.91% | 15.01% | 7.52% | 9.36% | -12.85% | 16.84% |
Correlation
The correlation between GRZZX and GLBIX is -0.54, 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. | -0.54 |
Correlation (3Y) Balances recent behavior with more history. | -0.68 |
Correlation (5Y) Shows whether the relationship held over a longer period. | -0.71 |
Correlation (10Y) Provides a long-term view across more market conditions. | -0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2009 | -0.77 |
Over the past year, the inverse relationship between GRZZX and GLBIX has weakened: their correlation has moved from -0.77 to -0.54, meaning they move in opposite directions less often than they have historically.
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Return for Risk
GRZZX vs. GLBIX — Risk / Return Rank
GRZZX
GLBIX
GRZZX vs. GLBIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and Leuthold Global Fund (GLBIX). 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 | GLBIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.93 | ||
| Sortino ratioReturn per unit of downside risk | -4.14 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.41 | -0.52 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | 3.38 | -4.01 |
| Martin ratioReturn relative to average drawdown | -1.33 | 10.93 | -12.26 |
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Drawdowns
GRZZX vs. GLBIX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, which is greater than GLBIX's maximum drawdown of -26.82%. Use the drawdown chart below to compare losses from any high point for GRZZX and GLBIX.
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Drawdown Indicators
| GRZZX | GLBIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -26.82% | -64.98% |
Max Drawdown (1Y)Largest decline over 1 year | -16.21% | -6.39% | -9.82% |
Max Drawdown (3Y)Largest decline over 3 years | -31.38% | -6.39% | -24.99% |
Max Drawdown (5Y)Largest decline over 5 years | -39.33% | -16.14% | -23.19% |
Max Drawdown (10Y)Largest decline over 10 years | -73.19% | -26.82% | -46.37% |
Current DrawdownCurrent decline from peak | -89.89% | -2.65% | -87.24% |
Average DrawdownAverage peak-to-trough decline | -69.48% | -4.84% | -64.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 1.97% | +5.78% |
Volatility
GRZZX vs. GLBIX - Volatility Comparison
Grizzly Short Fund (GRZZX) has a higher volatility of 4.20% compared to Leuthold Global Fund (GLBIX) at 3.57%. This indicates that GRZZX's price experiences larger fluctuations and is considered to be riskier than GLBIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRZZX | GLBIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 3.57% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 8.62% | +2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 9.87% | +4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.64% | 9.28% | +10.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.65% | 9.60% | +87.05% |
GRZZX vs. GLBIX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is higher than GLBIX's 1.57% expense ratio.
Dividends
GRZZX vs. GLBIX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 5.04%, less than GLBIX's 8.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GLBIX Leuthold Global Fund | 8.62% | 9.71% | 8.31% | 2.52% | 5.18% | 1.89% | 0.25% | 1.04% | 8.48% | 9.31% | 9.66% | 3.75% |
GRZZX Grizzly Short Fund | 5.04% | 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 GLBIX have a correlation of -0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRZZX has higher volatility (4.20%) compared to GLBIX (3.57%). In terms of maximum drawdown, GRZZX dropped -91.80% vs GLBIX's -26.82%.
GLBIX currently has the higher Sharpe Ratio (2.19 vs -0.73), 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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