GRZZX vs. UFPIX
GRZZX (Grizzly Short Fund) and UFPIX (ProFunds UltraShort Latin America Fund) are both Inverse Equities funds. Over the past 10 years, GRZZX returned -0.91%/yr vs -14.66%/yr for UFPIX. A 0.60 correlation means they provide meaningful diversification when combined. GRZZX charges 1.61%/yr vs 1.78%/yr for UFPIX.
Performance
GRZZX vs. UFPIX - 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 UFPIX's -33.21% return. Over the past 10 years, GRZZX has outperformed UFPIX with an annualized return of -0.91%, while UFPIX has yielded a comparatively lower -14.66% 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%
UFPIX
- 1D
- 1.39%
- 1M
- 4.13%
- 6M
- -27.06%
- YTD
- -33.21%
- 1Y
- -55.68%
- 3Y*
- 42.72%
- 5Y*
- 9.83%
- 10Y*
- -14.66%
GRZZX vs. UFPIX - 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% |
UFPIX ProFunds UltraShort Latin America Fund | -33.21% | -54.35% | 1,093.05% | -43.28% | -35.80% | -20.05% | -38.78% | -27.84% | -3.97% | -45.62% |
Correlation
The correlation between GRZZX and UFPIX is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2007 | 0.60 |
Over the past year, the correlation between GRZZX and UFPIX has dropped to 0.37 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
GRZZX vs. UFPIX — Risk / Return Rank
GRZZX
UFPIX
GRZZX vs. UFPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and ProFunds UltraShort Latin America Fund (UFPIX). 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 | UFPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.73 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 0.75 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.40 | -0.86 | +0.46 |
| Martin ratioReturn relative to average drawdown | -0.92 | -1.28 | +0.37 |
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Drawdowns
GRZZX vs. UFPIX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, smaller than the maximum UFPIX drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for GRZZX and UFPIX.
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Drawdown Indicators
| GRZZX | UFPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -99.86% | +8.06% |
Max Drawdown (1Y)Largest decline over 1 year | -15.84% | -63.51% | +47.67% |
Max Drawdown (3Y)Largest decline over 3 years | -31.08% | -75.57% | +44.49% |
Max Drawdown (5Y)Largest decline over 5 years | -39.06% | -75.57% | +36.51% |
Max Drawdown (10Y)Largest decline over 10 years | -73.07% | -94.86% | +21.79% |
Current DrawdownCurrent decline from peak | -89.73% | -99.49% | +9.76% |
Average DrawdownAverage peak-to-trough decline | -69.43% | -93.53% | +24.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 42.62% | -35.72% |
Volatility
GRZZX vs. UFPIX - Volatility Comparison
The current volatility for Grizzly Short Fund (GRZZX) is 4.01%, while ProFunds UltraShort Latin America Fund (UFPIX) has a volatility of 11.80%. This indicates that GRZZX experiences smaller price fluctuations and is considered to be less risky than UFPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRZZX | UFPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.01% | 11.80% | -7.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.54% | 34.02% | -23.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.91% | 41.33% | -27.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 339.53% | -319.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.65% | 244.26% | -147.61% |
GRZZX vs. UFPIX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is lower than UFPIX's 1.78% expense ratio.
Dividends
GRZZX vs. UFPIX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 4.96%, less than UFPIX's 14.25% 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% |
UFPIX ProFunds UltraShort Latin America Fund | 14.25% | 9.52% | 0.00% | 2.64% | 0.00% | 0.00% | 0.00% | 0.36% |
Frequently Asked Questions
GRZZX and UFPIX have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UFPIX has higher volatility (11.80%) compared to GRZZX (4.01%). In terms of maximum drawdown, GRZZX dropped -91.80% vs UFPIX's -99.86%.
GRZZX currently has the higher Sharpe Ratio (-0.46 vs -1.33), 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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