GRZZX vs. SOPIX
GRZZX (Grizzly Short Fund) and SOPIX (ProFunds Short NASDAQ-100 Fund) are both Inverse Equities funds. Over the past 10 years, GRZZX returned -0.87%/yr vs -19.73%/yr for SOPIX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. GRZZX charges 1.61%/yr vs 1.78%/yr for SOPIX.
Performance
GRZZX vs. SOPIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GRZZX achieves a -9.31% return, which is significantly higher than SOPIX's -11.92% return. Over the past 10 years, GRZZX has outperformed SOPIX with an annualized return of -0.87%, while SOPIX has yielded a comparatively lower -19.73% 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%
SOPIX
- 1D
- -1.70%
- 1M
- 1.93%
- 6M
- -11.90%
- YTD
- -11.92%
- 1Y
- -17.91%
- 3Y*
- -19.40%
- 5Y*
- -14.28%
- 10Y*
- -19.73%
- ALL TIME*
- -17.54%
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. SOPIX - 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% |
SOPIX ProFunds Short NASDAQ-100 Fund | -11.92% | -15.80% | -23.82% | -31.85% | 34.73% | -25.69% | -42.92% | -28.29% | -3.07% | -25.24% |
Correlation
The correlation between GRZZX and SOPIX 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. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2003 | 0.79 |
Over the past year, the correlation between GRZZX and SOPIX has dropped to 0.59 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GRZZX vs. SOPIX — Risk / Return Rank
GRZZX
SOPIX
GRZZX vs. SOPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and ProFunds Short NASDAQ-100 Fund (SOPIX). 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 | SOPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.85 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.78 | +0.15 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.54 | +0.22 |
Loading charts...
Drawdowns
GRZZX vs. SOPIX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, smaller than the maximum SOPIX drawdown of -99.07%. Use the drawdown chart below to compare losses from any high point for GRZZX and SOPIX.
Loading charts...
Drawdown Indicators
| GRZZX | SOPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -99.07% | +7.27% |
Max Drawdown (1Y)Largest decline over 1 year | -16.21% | -24.87% | +8.66% |
Max Drawdown (3Y)Largest decline over 3 years | -31.38% | -54.87% | +23.49% |
Max Drawdown (5Y)Largest decline over 5 years | -39.33% | -65.00% | +25.67% |
Max Drawdown (10Y)Largest decline over 10 years | -73.19% | -89.76% | +16.57% |
Current DrawdownCurrent decline from peak | -89.89% | -99.01% | +9.12% |
Average DrawdownAverage peak-to-trough decline | -69.48% | -76.28% | +6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 12.91% | -5.16% |
Volatility
GRZZX vs. SOPIX - Volatility Comparison
The current volatility for Grizzly Short Fund (GRZZX) is 4.20%, while ProFunds Short NASDAQ-100 Fund (SOPIX) has a volatility of 6.95%. This indicates that GRZZX experiences smaller price fluctuations and is considered to be less risky than SOPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GRZZX | SOPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 6.95% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 15.96% | -5.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 19.29% | -5.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.64% | 23.87% | -4.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.65% | 22.70% | +73.95% |
GRZZX vs. SOPIX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is lower than SOPIX's 1.78% expense ratio.
Dividends
GRZZX vs. SOPIX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 5.04%, more than SOPIX's 2.43% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | 5.04% | 6.00% | 10.30% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% |
SOPIX ProFunds Short NASDAQ-100 Fund | 2.43% | 2.14% | 0.00% | 6.71% | 0.00% | 0.00% | 0.00% | 0.29% |
Frequently Asked Questions
GRZZX and SOPIX 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.
SOPIX has higher volatility (6.95%) compared to GRZZX (4.20%). In terms of maximum drawdown, GRZZX dropped -91.80% vs SOPIX's -99.07%.
GRZZX currently has the higher Sharpe Ratio (-0.73 vs -1.01), 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.
Find the right allocation for GRZZX and SOPIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer