GRZZX vs. UCPIX
GRZZX (Grizzly Short Fund) and UCPIX (ProFunds UltraShort Small Cap Fund) are both Inverse Equities funds. Over the past 10 years, GRZZX returned -0.91%/yr vs -9.18%/yr for UCPIX. Their correlation of 0.89 suggests significant overlap in exposure. GRZZX charges 1.61%/yr vs 1.78%/yr for UCPIX.
Performance
GRZZX vs. UCPIX - Performance Comparison
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Returns By Period
In the year-to-date period, GRZZX achieves a -7.85% return, which is significantly higher than UCPIX's -31.13% return. Over the past 10 years, GRZZX has outperformed UCPIX with an annualized return of -0.91%, while UCPIX has yielded a comparatively lower -9.18% annualized return.
GRZZX
- 1D
- 0.33%
- 1M
- -2.45%
- 6M
- -4.23%
- YTD
- -7.85%
- 1Y
- -6.30%
- 3Y*
- -6.07%
- 5Y*
- -3.78%
- 10Y*
- -0.91%
UCPIX
- 1D
- 1.76%
- 1M
- -0.44%
- 6M
- -22.52%
- YTD
- -31.13%
- 1Y
- -44.14%
- 3Y*
- 54.82%
- 5Y*
- 28.10%
- 10Y*
- -9.18%
GRZZX vs. UCPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | -7.85% | -2.98% | -6.74% | -18.72% | 22.43% | -15.87% | -41.33% | -29.43% | 301.98% | -19.84% |
UCPIX ProFunds UltraShort Small Cap Fund | -31.13% | -25.76% | 707.30% | -26.54% | 28.08% | -36.02% | -60.58% | -38.99% | 17.86% | -27.19% |
Correlation
The correlation between GRZZX and UCPIX is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.89 |
The correlation between GRZZX and UCPIX has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
GRZZX vs. UCPIX — Risk / Return Rank
GRZZX
UCPIX
GRZZX vs. UCPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and ProFunds UltraShort Small Cap Fund (UCPIX). 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 | UCPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.70 | ||
| Sortino ratioReturn per unit of downside risk | +1.19 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.81 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.89 | +0.49 |
| Martin ratioReturn relative to average drawdown | -0.92 | -1.44 | +0.52 |
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Drawdowns
GRZZX vs. UCPIX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, smaller than the maximum UCPIX drawdown of -99.90%. Use the drawdown chart below to compare losses from any high point for GRZZX and UCPIX.
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Drawdown Indicators
| GRZZX | UCPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -99.90% | +8.10% |
Max Drawdown (1Y)Largest decline over 1 year | -15.84% | -50.68% | +34.84% |
Max Drawdown (3Y)Largest decline over 3 years | -31.08% | -68.91% | +37.83% |
Max Drawdown (5Y)Largest decline over 5 years | -39.06% | -68.91% | +29.85% |
Max Drawdown (10Y)Largest decline over 10 years | -73.07% | -92.98% | +19.91% |
Current DrawdownCurrent decline from peak | -89.73% | -99.46% | +9.73% |
Average DrawdownAverage peak-to-trough decline | -69.43% | -84.03% | +14.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 31.21% | -24.31% |
Volatility
GRZZX vs. UCPIX - Volatility Comparison
The current volatility for Grizzly Short Fund (GRZZX) is 4.01%, while ProFunds UltraShort Small Cap Fund (UCPIX) has a volatility of 9.82%. This indicates that GRZZX experiences smaller price fluctuations and is considered to be less risky than UCPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRZZX | UCPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 9.82% | -5.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 28.52% | -17.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.91% | 39.04% | -25.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 400.24% | -380.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.65% | 284.80% | -188.15% |
GRZZX vs. UCPIX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is lower than UCPIX's 1.78% expense ratio.
Dividends
GRZZX vs. UCPIX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 4.96%, less than UCPIX's 6.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | 4.96% | 6.00% | 10.30% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% |
UCPIX ProFunds UltraShort Small Cap Fund | 6.70% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% |
Frequently Asked Questions
GRZZX and UCPIX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCPIX has higher volatility (9.82%) compared to GRZZX (4.01%). In terms of maximum drawdown, GRZZX dropped -91.80% vs UCPIX's -99.90%.
GRZZX currently has the higher Sharpe Ratio (-0.46 vs -1.15), 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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