GRZZX vs. UIPIX
GRZZX (Grizzly Short Fund) and UIPIX (ProFunds UltraShort Mid Cap Fund) are both Inverse Equities funds. Over the past 10 years, GRZZX returned -1.35%/yr vs -7.41%/yr for UIPIX. Their correlation of 0.91 suggests significant overlap in exposure. GRZZX charges 1.61%/yr vs 1.78%/yr for UIPIX.
Performance
GRZZX vs. UIPIX - Performance Comparison
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Returns By Period
In the year-to-date period, GRZZX achieves a -4.48% return, which is significantly higher than UIPIX's -23.76% return. Over the past 10 years, GRZZX has outperformed UIPIX with an annualized return of -1.35%, while UIPIX has yielded a comparatively lower -7.41% annualized return.
GRZZX
- 1D
- 0.64%
- 1M
- 0.14%
- YTD
- -4.48%
- 6M
- -2.95%
- 1Y
- -5.65%
- 3Y*
- -6.64%
- 5Y*
- -2.94%
- 10Y*
- -1.35%
UIPIX
- 1D
- 2.12%
- 1M
- -5.00%
- YTD
- -23.76%
- 6M
- -20.56%
- 1Y
- -33.46%
- 3Y*
- -24.77%
- 5Y*
- 30.10%
- 10Y*
- -7.41%
GRZZX vs. UIPIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | -4.48% | -2.98% | -6.74% | -18.72% | 22.43% | -15.87% | -41.33% | -29.43% | 301.98% | -19.84% |
UIPIX ProFunds UltraShort Mid Cap Fund | -23.76% | -13.23% | -22.21% | 668.01% | 11.30% | -42.71% | -53.90% | -38.37% | 21.21% | -27.33% |
Correlation
The correlation between GRZZX and UIPIX is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.89 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.91 |
The correlation between GRZZX and UIPIX has been stable across timeframes, ranging from 0.87 to 0.91 - a consistent structural relationship.
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Return for Risk
GRZZX vs. UIPIX — Risk / Return Rank
GRZZX
UIPIX
GRZZX vs. UIPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and ProFunds UltraShort Mid Cap Fund (UIPIX). 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 | UIPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.60 | ||
| Sortino ratioReturn per unit of downside risk | +0.94 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 0.82 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | -0.51 | -0.97 | +0.46 |
| Martin ratioReturn relative to average drawdown | -1.13 | -1.75 | +0.62 |
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Drawdowns
GRZZX vs. UIPIX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, smaller than the maximum UIPIX drawdown of -99.84%. Use the drawdown chart below to compare losses from any high point for GRZZX and UIPIX.
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Drawdown Indicators
| GRZZX | UIPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -99.84% | +8.04% |
Max Drawdown (1Y)Largest decline over 1 year | -13.89% | -35.97% | +22.08% |
Max Drawdown (3Y)Largest decline over 3 years | -29.48% | -64.88% | +35.40% |
Max Drawdown (5Y)Largest decline over 5 years | -37.65% | -64.88% | +27.23% |
Max Drawdown (10Y)Largest decline over 10 years | -72.45% | -91.19% | +18.74% |
Current DrawdownCurrent decline from peak | -89.35% | -99.20% | +9.85% |
Average DrawdownAverage peak-to-trough decline | -69.39% | -80.78% | +11.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.39% | 20.05% | -13.66% |
Volatility
GRZZX vs. UIPIX - Volatility Comparison
The current volatility for Grizzly Short Fund (GRZZX) is 4.56%, while ProFunds UltraShort Mid Cap Fund (UIPIX) has a volatility of 9.46%. This indicates that GRZZX experiences smaller price fluctuations and is considered to be less risky than UIPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRZZX | UIPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.56% | 9.46% | -4.90% |
Volatility (6M)Calculated over the trailing 6-month period | 10.60% | 23.58% | -12.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 31.57% | -17.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.60% | 418.87% | -399.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.67% | 297.66% | -200.99% |
GRZZX vs. UIPIX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is lower than UIPIX's 1.78% expense ratio.
Dividends
GRZZX vs. UIPIX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 4.79%, more than UIPIX's 3.42% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | 4.79% | 6.00% | 10.30% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% |
UIPIX ProFunds UltraShort Mid Cap Fund | 3.42% | 2.60% | 0.00% | 4.74% | 0.00% | 0.00% | 0.00% | 0.48% |
Frequently Asked Questions
GRZZX and UIPIX have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UIPIX has higher volatility (9.46%) compared to GRZZX (4.56%). In terms of maximum drawdown, GRZZX dropped -91.80% vs UIPIX's -99.84%.
GRZZX currently has the higher Sharpe Ratio (-0.51 vs -1.10), 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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