GRZZX vs. LCORX
GRZZX (Grizzly Short Fund) and LCORX (Leuthold Core Investment Fund) are both mutual funds - GRZZX is a Inverse Equities fund managed by Leuthold, while LCORX is a Tactical Allocation fund managed by Leuthold. Over the past 10 years, GRZZX returned -0.93%/yr vs 7.93%/yr for LCORX. At a correlation of -0.77, they often move in opposite directions. GRZZX charges 1.61%/yr vs 1.16%/yr for LCORX.
Performance
GRZZX vs. LCORX - Performance Comparison
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Returns By Period
In the year-to-date period, GRZZX achieves a -8.15% return, which is significantly lower than LCORX's 6.35% return. Over the past 10 years, GRZZX has underperformed LCORX with an annualized return of -0.93%, while LCORX has yielded a comparatively higher 7.93% annualized return.
GRZZX
- 1D
- -0.27%
- 1M
- -2.77%
- 6M
- -4.16%
- YTD
- -8.15%
- 1Y
- -6.61%
- 3Y*
- -6.53%
- 5Y*
- -3.56%
- 10Y*
- -0.93%
LCORX
- 1D
- -0.04%
- 1M
- -0.58%
- 6M
- 4.23%
- YTD
- 6.35%
- 1Y
- 14.27%
- 3Y*
- 11.63%
- 5Y*
- 7.43%
- 10Y*
- 7.93%
GRZZX vs. LCORX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | -8.15% | -2.98% | -6.74% | -18.72% | 22.43% | -15.87% | -41.33% | -29.43% | 301.98% | -19.84% |
LCORX Leuthold Core Investment Fund | 6.35% | 14.39% | 8.01% | 11.71% | -6.78% | 15.19% | 10.08% | 11.58% | -6.23% | 15.79% |
Correlation
The correlation between GRZZX and LCORX is -0.62, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | -0.77 |
The correlation between GRZZX and LCORX shifts across timeframes, from -0.77 (all time) to -0.62 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GRZZX vs. LCORX — Risk / Return Rank
GRZZX
LCORX
GRZZX vs. LCORX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and Leuthold Core Investment Fund (LCORX). 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 | LCORX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.98 | ||
| Sortino ratioReturn per unit of downside risk | -2.75 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.28 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 2.10 | -2.46 |
| Martin ratioReturn relative to average drawdown | -0.83 | 7.85 | -8.69 |
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Drawdowns
GRZZX vs. LCORX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, which is greater than LCORX's maximum drawdown of -41.31%. Use the drawdown chart below to compare losses from any high point for GRZZX and LCORX.
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Drawdown Indicators
| GRZZX | LCORX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -41.31% | -50.49% |
Max Drawdown (1Y)Largest decline over 1 year | -15.84% | -6.55% | -9.29% |
Max Drawdown (3Y)Largest decline over 3 years | -31.08% | -9.98% | -21.10% |
Max Drawdown (5Y)Largest decline over 5 years | -39.06% | -13.88% | -25.18% |
Max Drawdown (10Y)Largest decline over 10 years | -73.07% | -19.38% | -53.69% |
Current DrawdownCurrent decline from peak | -89.76% | -1.36% | -88.40% |
Average DrawdownAverage peak-to-trough decline | -69.43% | -4.99% | -64.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.84% | 1.75% | +5.09% |
Volatility
GRZZX vs. LCORX - Volatility Comparison
Grizzly Short Fund (GRZZX) has a higher volatility of 4.28% compared to Leuthold Core Investment Fund (LCORX) at 2.58%. This indicates that GRZZX's price experiences larger fluctuations and is considered to be riskier than LCORX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRZZX | LCORX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.28% | 2.58% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.55% | 7.12% | +3.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.95% | 8.77% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 9.20% | +10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.61% | 9.62% | +86.99% |
GRZZX vs. LCORX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is higher than LCORX's 1.16% expense ratio.
Dividends
GRZZX vs. LCORX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 4.98%, less than LCORX's 7.51% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | 4.98% | 6.00% | 10.30% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% |
LCORX Leuthold Core Investment Fund | 7.51% | 7.93% | 7.03% | 5.57% | 7.20% | 5.00% | 0.24% | 1.89% | 10.74% | 3.22% | 0.45% | 3.94% |
Frequently Asked Questions
GRZZX and LCORX have a correlation of -0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRZZX has higher volatility (4.28%) compared to LCORX (2.58%). In terms of maximum drawdown, GRZZX dropped -91.80% vs LCORX's -41.31%.
LCORX currently has the higher Sharpe Ratio (1.57 vs -0.41), 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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