GRZZX vs. UVPIX
GRZZX (Grizzly Short Fund) and UVPIX (ProFunds Ultra Short Emerging Market Fund) are both Inverse Equities funds. Over the past 10 years, GRZZX returned -0.87%/yr vs -26.40%/yr for UVPIX. Their 0.71 correlation means they have sometimes moved together and sometimes differently. GRZZX charges 1.61%/yr vs 1.78%/yr for UVPIX.
Performance
GRZZX vs. UVPIX - 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 UVPIX's -16.08% return. Over the past 10 years, GRZZX has outperformed UVPIX with an annualized return of -0.87%, while UVPIX has yielded a comparatively lower -26.40% 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%
UVPIX
- 1D
- -1.96%
- 1M
- -8.12%
- 6M
- -1.80%
- YTD
- -16.08%
- 1Y
- -36.67%
- 3Y*
- -30.87%
- 5Y*
- -20.84%
- 10Y*
- -26.40%
- ALL TIME*
- -13.03%
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. UVPIX - 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% |
UVPIX ProFunds Ultra Short Emerging Market Fund | -16.08% | -49.90% | -17.67% | -27.06% | 1.35% | 15.70% | -57.91% | -39.81% | 20.65% | -48.37% |
Correlation
The correlation between GRZZX and UVPIX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.64 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Apr 19, 2006 | 0.71 |
Over the past year, the correlation between GRZZX and UVPIX has dropped to 0.48 - well below their long-term average of 0.71, suggesting their price drivers have been diverging.
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Return for Risk
GRZZX vs. UVPIX — Risk / Return Rank
GRZZX
UVPIX
GRZZX vs. UVPIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Grizzly Short Fund (GRZZX) and ProFunds Ultra Short Emerging Market Fund (UVPIX). 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 | UVPIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.20 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 0.87 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.63 | -0.91 | +0.28 |
| Martin ratioReturn relative to average drawdown | -1.33 | -1.27 | -0.06 |
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Drawdowns
GRZZX vs. UVPIX - Drawdown Comparison
The maximum GRZZX drawdown since its inception was -91.80%, smaller than the maximum UVPIX drawdown of -99.86%. Use the drawdown chart below to compare losses from any high point for GRZZX and UVPIX.
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Drawdown Indicators
| GRZZX | UVPIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -91.80% | -99.86% | +8.06% |
Max Drawdown (1Y)Largest decline over 1 year | -16.21% | -41.73% | +25.52% |
Max Drawdown (3Y)Largest decline over 3 years | -31.38% | -75.41% | +44.03% |
Max Drawdown (5Y)Largest decline over 5 years | -39.33% | -83.54% | +44.21% |
Max Drawdown (10Y)Largest decline over 10 years | -73.19% | -95.73% | +22.54% |
Current DrawdownCurrent decline from peak | -89.89% | -99.85% | +9.96% |
Average DrawdownAverage peak-to-trough decline | -69.48% | -89.55% | +20.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.75% | 30.61% | -22.86% |
Volatility
GRZZX vs. UVPIX - Volatility Comparison
The current volatility for Grizzly Short Fund (GRZZX) is 4.20%, while ProFunds Ultra Short Emerging Market Fund (UVPIX) has a volatility of 13.06%. This indicates that GRZZX experiences smaller price fluctuations and is considered to be less risky than UVPIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRZZX | UVPIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 13.06% | -8.86% |
Volatility (6M)Calculated over the trailing 6-month period | 10.72% | 35.45% | -24.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 44.43% | -30.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.64% | 48.08% | -28.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 96.65% | 46.55% | +50.10% |
GRZZX vs. UVPIX - Expense Ratio Comparison
GRZZX has a 1.61% expense ratio, which is lower than UVPIX's 1.78% expense ratio.
Dividends
GRZZX vs. UVPIX - Dividend Comparison
GRZZX's dividend yield for the trailing twelve months is around 5.04%, less than UVPIX's 10.71% 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% |
UVPIX ProFunds Ultra Short Emerging Market Fund | 10.71% | 8.99% | 0.00% | 7.25% | 0.00% | 0.00% | 0.00% | 0.49% |
Frequently Asked Questions
GRZZX and UVPIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UVPIX has higher volatility (13.06%) compared to GRZZX (4.20%). In terms of maximum drawdown, GRZZX dropped -91.80% vs UVPIX's -99.86%.
GRZZX currently has the higher Sharpe Ratio (-0.73 vs -0.86), 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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