GRZZX vs. USPIX
GRZZX (Grizzly Short Fund) and USPIX (ProFunds UltraShort NASDAQ-100 Fund) are both Inverse Equities funds. Over the past 10 years, GRZZX returned -0.87%/yr vs -38.59%/yr for USPIX. Their correlation of 0.81 means they have usually moved in the same direction. GRZZX charges 1.61%/yr vs 1.68%/yr for USPIX.
Performance
GRZZX vs. USPIX - Performance Comparison
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Returns By Period
In the year-to-date period, GRZZX achieves a -9.31% return, which is significantly higher than USPIX's -25.41% return. Over the past 10 years, GRZZX has outperformed USPIX with an annualized return of -0.87%, while USPIX has yielded a comparatively lower -38.59% 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%
USPIX
- 1D
- -3.42%
- 1M
- 3.40%
- 6M
- -25.13%
- YTD
- -25.41%
- 1Y
- -36.49%
- 3Y*
- -36.95%
- 5Y*
- -30.06%
- 10Y*
- -38.59%
- ALL TIME*
- -35.29%
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. USPIX - 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% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | -25.41% | -35.26% | -38.20% | -57.06% | 61.80% | -46.20% | -70.91% | -50.15% | -9.56% | -44.56% |
Correlation
The correlation between GRZZX and USPIX 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, 2001 | 0.81 |
Over the past year, the correlation between GRZZX and USPIX has dropped to 0.59 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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Return for Risk
GRZZX vs. USPIX — Risk / Return Rank
GRZZX
USPIX
GRZZX vs. USPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and ProFunds UltraShort NASDAQ-100 Fund (USPIX). 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 | USPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.28 | ||
| Sortino ratioReturn per unit of downside risk | +0.54 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.84 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.87 | +0.24 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.63 | +0.30 |
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Drawdowns
GRZZX vs. USPIX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, smaller than the maximum USPIX drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for GRZZX and USPIX.
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Drawdown Indicators
| GRZZX | USPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -100.00% | +8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.21% | -44.62% | +28.41% |
Max Drawdown (3Y)Largest decline over 3 years | -31.38% | -80.96% | +49.58% |
Max Drawdown (5Y)Largest decline over 5 years | -39.33% | -89.53% | +50.20% |
Max Drawdown (10Y)Largest decline over 10 years | -73.19% | -99.34% | +26.15% |
Current DrawdownCurrent decline from peak | -89.89% | -100.00% | +10.11% |
Average DrawdownAverage peak-to-trough decline | -69.48% | -96.45% | +26.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 24.77% | -17.02% |
Volatility
GRZZX vs. USPIX - Volatility Comparison
The current volatility for Grizzly Short Fund (GRZZX) is 4.20%, while ProFunds UltraShort NASDAQ-100 Fund (USPIX) has a volatility of 13.93%. This indicates that GRZZX experiences smaller price fluctuations and is considered to be less risky than USPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRZZX | USPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 13.93% | -9.73% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 31.96% | -21.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 38.64% | -24.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.64% | 46.19% | -26.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.65% | 44.78% | +51.87% |
GRZZX vs. USPIX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is lower than USPIX's 1.68% expense ratio.
Dividends
GRZZX vs. USPIX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 5.04%, more than USPIX's 3.63% 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% |
USPIX ProFunds UltraShort NASDAQ-100 Fund | 3.63% | 2.71% | 0.00% | 5.92% | 0.00% | 0.00% | 0.07% | 0.36% |
Frequently Asked Questions
GRZZX and USPIX 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.
USPIX has higher volatility (13.93%) compared to GRZZX (4.20%). In terms of maximum drawdown, GRZZX dropped -91.80% vs USPIX's -100.00%.
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.
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