GRZZX vs. RYTPX
GRZZX (Grizzly Short Fund) and RYTPX (Rydex Inverse S&P 500 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, GRZZX returned -1.35%/yr vs -17.50%/yr for RYTPX. Their correlation of 0.86 suggests significant overlap in exposure. GRZZX charges 1.61%/yr vs 2.16%/yr for RYTPX.
Performance
GRZZX vs. RYTPX - Performance Comparison
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Returns By Period
In the year-to-date period, GRZZX achieves a -4.48% return, which is significantly higher than RYTPX's -12.39% return. Over the past 10 years, GRZZX has outperformed RYTPX with an annualized return of -1.35%, while RYTPX has yielded a comparatively lower -17.50% annualized return.
GRZZX
- 1D
- 0.64%
- 1M
- 0.14%
- YTD
- -4.48%
- 6M
- -2.95%
- 1Y
- -5.65%
- 3Y*
- -6.64%
- 5Y*
- -2.94%
- 10Y*
- -1.35%
RYTPX
- 1D
- 2.90%
- 1M
- 4.28%
- YTD
- -12.39%
- 6M
- -10.07%
- 1Y
- -28.37%
- 3Y*
- -26.98%
- 5Y*
- -21.19%
- 10Y*
- -17.50%
GRZZX vs. RYTPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | -4.48% | -2.98% | -6.74% | -18.72% | 22.43% | -15.87% | -41.33% | -29.43% | 301.98% | -19.84% |
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | -12.39% | -27.24% | -29.24% | -31.96% | 29.31% | -43.38% | -50.05% | -41.84% | 4.42% | -32.54% |
Correlation
The correlation between GRZZX and RYTPX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.86 |
The correlation between GRZZX and RYTPX has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
GRZZX vs. RYTPX — Risk / Return Rank
GRZZX
RYTPX
GRZZX vs. RYTPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and Rydex Inverse S&P 500 2x Strategy Fund (RYTPX). 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 | RYTPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.69 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.80 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.92 | +0.41 |
| Martin ratioReturn relative to average drawdown | -1.13 | -1.62 | +0.48 |
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Drawdowns
GRZZX vs. RYTPX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, smaller than the maximum RYTPX drawdown of -99.92%. Use the drawdown chart below to compare losses from any high point for GRZZX and RYTPX.
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Drawdown Indicators
| GRZZX | RYTPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -99.92% | +8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | -32.67% | +18.78% |
Max Drawdown (3Y)Largest decline over 3 years | -29.48% | -68.03% | +38.55% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -75.66% | +38.01% |
Max Drawdown (10Y)Largest decline over 10 years | -72.45% | -96.56% | +24.11% |
Current DrawdownCurrent decline from peak | -89.35% | -99.91% | +10.56% |
Average DrawdownAverage peak-to-trough decline | -69.39% | -82.33% | +12.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 20.16% | -13.77% |
Volatility
GRZZX vs. RYTPX - Volatility Comparison
The current volatility for Grizzly Short Fund (GRZZX) is 4.56%, while Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) has a volatility of 9.58%. This indicates that GRZZX experiences smaller price fluctuations and is considered to be less risky than RYTPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRZZX | RYTPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 9.58% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 19.85% | -9.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 25.10% | -11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.60% | 33.95% | -14.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.67% | 290.09% | -193.42% |
GRZZX vs. RYTPX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is lower than RYTPX's 2.16% expense ratio.
Dividends
GRZZX vs. RYTPX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 4.79%, less than RYTPX's 5.87% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | 4.79% | 6.00% | 10.30% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% |
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | 5.87% | 5.15% | 6.90% | 3.35% | 0.00% | 0.00% | 0.00% | 0.23% |
Frequently Asked Questions
GRZZX and RYTPX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYTPX has higher volatility (9.58%) compared to GRZZX (4.56%). In terms of maximum drawdown, GRZZX dropped -91.80% vs RYTPX's -99.92%.
GRZZX currently has the higher Sharpe Ratio (-0.51 vs -1.20), 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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