GRZZX vs. RYVNX
GRZZX (Grizzly Short Fund) and RYVNX (Rydex Inverse NASDAQ-100 2x Strategy Fund) are both Inverse Equities funds. Over the past 10 years, GRZZX returned -0.76%/yr vs -37.52%/yr for RYVNX. Their correlation of 0.81 means they have usually moved in the same direction. GRZZX charges 1.61%/yr vs 2.49%/yr for RYVNX.
Performance
GRZZX vs. RYVNX - Performance Comparison
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Returns By Period
In the year-to-date period, GRZZX achieves a -7.60% return, which is significantly higher than RYVNX's -22.02% return. Over the past 10 years, GRZZX has outperformed RYVNX with an annualized return of -0.76%, while RYVNX has yielded a comparatively lower -37.52% 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%
RYVNX
- 1D
- -6.50%
- 1M
- 8.24%
- 6M
- -20.47%
- YTD
- -22.02%
- 1Y
- -36.09%
- 3Y*
- -33.31%
- 5Y*
- -28.38%
- 10Y*
- -37.52%
- ALL TIME*
- -31.17%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GRZZX Grizzly Short Fund | $0.00 | $0.00 | $0.00 |
| $0.00 | $0.00 | $0.00 |
GRZZX vs. RYVNX - 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% |
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | -22.02% | -35.24% | -34.30% | -57.09% | 65.14% | -45.41% | -69.71% | -50.05% | -9.71% | -44.28% |
Correlation
The correlation between GRZZX and RYVNX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.81 |
Over the past year, the correlation between GRZZX and RYVNX has dropped to 0.59 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
GRZZX vs. RYVNX — Risk / Return Rank
GRZZX
RYVNX
GRZZX vs. RYVNX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX). 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 | RYVNX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.43 | ||
| Sortino ratioReturn per unit of downside risk | +0.66 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.87 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.37 | -0.73 | +0.36 |
| Martin ratioReturn relative to average drawdown | -0.77 | -1.33 | +0.56 |
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Drawdowns
GRZZX vs. RYVNX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, smaller than the maximum RYVNX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for GRZZX and RYVNX.
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Drawdown Indicators
| GRZZX | RYVNX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -100.00% | +8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.03% | -45.22% | +29.19% |
Max Drawdown (3Y)Largest decline over 3 years | -31.23% | -79.81% | +48.58% |
Max Drawdown (5Y)Largest decline over 5 years | -39.19% | -88.89% | +49.70% |
Max Drawdown (10Y)Largest decline over 10 years | -73.13% | -99.24% | +26.11% |
Current DrawdownCurrent decline from peak | -89.70% | -100.00% | +10.30% |
Average DrawdownAverage peak-to-trough decline | -69.47% | -89.62% | +20.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.63% | 24.59% | -16.96% |
Volatility
GRZZX vs. RYVNX - Volatility Comparison
The current volatility for Grizzly Short Fund (GRZZX) is 3.84%, while Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX) has a volatility of 13.77%. This indicates that GRZZX experiences smaller price fluctuations and is considered to be less risky than RYVNX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRZZX | RYVNX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.84% | 13.77% | -9.93% |
Volatility (6M)Calculated over the trailing 6-month period | 10.58% | 32.02% | -21.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.08% | 38.72% | -24.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.62% | 46.13% | -26.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.61% | 45.47% | +51.14% |
GRZZX vs. RYVNX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is lower than RYVNX's 2.49% expense ratio.
Dividends
GRZZX vs. RYVNX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 4.95%, less than RYVNX's 13.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | 4.95% | 6.00% | 10.30% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% |
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | 13.62% | 10.62% | 6.03% | 4.56% | 0.00% | 0.00% | 0.25% | 0.03% |
Frequently Asked Questions
GRZZX and RYVNX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYVNX has higher volatility (13.77%) compared to GRZZX (3.84%). In terms of maximum drawdown, GRZZX dropped -91.80% vs RYVNX's -100.00%.
GRZZX currently has the higher Sharpe Ratio (-0.42 vs -0.85), 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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