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 -1.42%/yr vs -10.82%/yr for UCPIX. Their correlation of 0.90 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 -5.08% return, which is significantly higher than UCPIX's -33.57% return. Over the past 10 years, GRZZX has outperformed UCPIX with an annualized return of -1.42%, while UCPIX has yielded a comparatively lower -10.82% annualized return.
GRZZX
- 1D
- 0.91%
- 1M
- -0.50%
- YTD
- -5.08%
- 6M
- -3.76%
- 1Y
- -7.65%
- 3Y*
- -6.83%
- 5Y*
- -3.12%
- 10Y*
- -1.42%
UCPIX
- 1D
- -1.54%
- 1M
- -9.33%
- YTD
- -33.57%
- 6M
- -30.28%
- 1Y
- -51.58%
- 3Y*
- 47.09%
- 5Y*
- 29.28%
- 10Y*
- -10.82%
GRZZX vs. UCPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | -5.08% | -2.98% | -6.74% | -18.72% | 22.43% | -15.87% | -41.33% | -29.43% | 301.98% | -19.84% |
UCPIX ProFunds UltraShort Small Cap Fund | -33.57% | -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 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.87 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.89 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.90 |
The correlation between GRZZX and UCPIX has been stable across timeframes, ranging from 0.83 to 0.90 - 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 | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 0.91 | 0.76 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -1.02 | +0.40 |
| Martin ratioReturn relative to average drawdown | -1.37 | -1.70 | +0.34 |
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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 | -13.89% | -51.41% | +37.52% |
Max Drawdown (3Y)Largest decline over 3 years | -29.48% | -68.50% | +39.02% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -68.50% | +30.85% |
Max Drawdown (10Y)Largest decline over 10 years | -72.45% | -94.03% | +21.58% |
Current DrawdownCurrent decline from peak | -89.42% | -99.48% | +10.06% |
Average DrawdownAverage peak-to-trough decline | -69.39% | -83.99% | +14.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.62% | 32.21% | -25.59% |
Volatility
GRZZX vs. UCPIX - Volatility Comparison
The current volatility for Grizzly Short Fund (GRZZX) is 4.52%, while ProFunds UltraShort Small Cap Fund (UCPIX) has a volatility of 12.77%. 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 | 4.52% | 12.77% | -8.25% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 28.77% | -18.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.05% | 39.47% | -25.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.60% | 400.24% | -380.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.68% | 284.83% | -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 4.82%, less than UCPIX's 6.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | 4.82% | 6.00% | 10.30% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% |
UCPIX ProFunds UltraShort Small Cap Fund | 6.95% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% |
Frequently Asked Questions
GRZZX and UCPIX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UCPIX has higher volatility (12.77%) compared to GRZZX (4.52%). In terms of maximum drawdown, GRZZX dropped -91.80% vs UCPIX's -99.90%.
GRZZX currently has the higher Sharpe Ratio (-0.62 vs -1.34), 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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