RYCQX vs. GRZZX
RYCQX (Rydex Inverse Russell 2000 Strategy Fund) and GRZZX (Grizzly Short Fund) are both Inverse Equities funds. Over the past 10 years, RYCQX returned -13.05%/yr vs -1.42%/yr for GRZZX. Their correlation of 0.90 suggests significant overlap in exposure. RYCQX charges 2.49%/yr vs 1.61%/yr for GRZZX.
Performance
RYCQX vs. GRZZX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RYCQX achieves a -16.80% return, which is significantly lower than GRZZX's -5.08% return. Over the past 10 years, RYCQX has underperformed GRZZX with an annualized return of -13.05%, while GRZZX has yielded a comparatively higher -1.42% annualized return.
RYCQX
- 1D
- -0.80%
- 1M
- -4.69%
- YTD
- -16.80%
- 6M
- -14.73%
- 1Y
- -27.33%
- 3Y*
- -13.46%
- 5Y*
- -6.18%
- 10Y*
- -13.05%
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%
RYCQX vs. GRZZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYCQX Rydex Inverse Russell 2000 Strategy Fund | -16.80% | -9.40% | -6.15% | -10.73% | 16.50% | -18.59% | -31.59% | -20.84% | 10.41% | -14.20% |
GRZZX Grizzly Short Fund | -5.08% | -2.98% | -6.74% | -18.72% | 22.43% | -15.87% | -41.33% | -29.43% | 301.98% | -19.84% |
Correlation
The correlation between RYCQX and GRZZX 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 3, 2005 | 0.90 |
The correlation between RYCQX and GRZZX has been stable across timeframes, ranging from 0.83 to 0.90 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
RYCQX vs. GRZZX — Risk / Return Rank
RYCQX
GRZZX
RYCQX vs. GRZZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Russell 2000 Strategy Fund (RYCQX) and Grizzly Short Fund (GRZZX). 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.
| RYCQX | GRZZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.28 | ||
| Omega ratioGain probability vs. loss probability | 0.78 | 0.91 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -1.03 | -0.63 | -0.41 |
| Martin ratioReturn relative to average drawdown | -1.84 | -1.37 | -0.48 |
Loading charts...
Drawdowns
RYCQX vs. GRZZX - Drawdown Comparison
The maximum RYCQX drawdown since its inception was -96.14%, roughly equal to the maximum GRZZX drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for RYCQX and GRZZX.
Loading charts...
Drawdown Indicators
| RYCQX | GRZZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.14% | -91.80% | -4.34% |
Max Drawdown (1Y)Largest decline over 1 year | -27.23% | -13.89% | -13.34% |
Max Drawdown (3Y)Largest decline over 3 years | -42.51% | -29.48% | -13.03% |
Max Drawdown (5Y)Largest decline over 5 years | -42.54% | -37.65% | -4.89% |
Max Drawdown (10Y)Largest decline over 10 years | -76.08% | -72.45% | -3.63% |
Current DrawdownCurrent decline from peak | -96.14% | -89.42% | -6.72% |
Average DrawdownAverage peak-to-trough decline | -70.58% | -69.39% | -1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.09% | 6.62% | +9.47% |
Volatility
RYCQX vs. GRZZX - Volatility Comparison
Rydex Inverse Russell 2000 Strategy Fund (RYCQX) has a higher volatility of 6.40% compared to Grizzly Short Fund (GRZZX) at 4.52%. This indicates that RYCQX's price experiences larger fluctuations and is considered to be riskier than GRZZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| RYCQX | GRZZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.40% | 4.52% | +1.88% |
Volatility (6M)Calculated over the trailing 6-month period | 14.26% | 10.60% | +3.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.68% | 14.05% | +5.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.50% | 19.60% | +3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.90% | 96.68% | -72.78% |
RYCQX vs. GRZZX - Expense Ratio Comparison
RYCQX has a 2.49% expense ratio, which is higher than GRZZX's 1.61% expense ratio.
Dividends
RYCQX vs. GRZZX - Dividend Comparison
RYCQX's dividend yield for the trailing twelve months is around 9.46%, more than GRZZX's 4.82% 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% |
RYCQX Rydex Inverse Russell 2000 Strategy Fund | 9.46% | 7.87% | 7.14% | 9.87% | 0.00% | 0.00% | 0.08% | 0.86% |
Frequently Asked Questions
RYCQX and GRZZX 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.
RYCQX has higher volatility (6.40%) compared to GRZZX (4.52%). In terms of maximum drawdown, RYCQX dropped -96.14% vs GRZZX's -91.80%.
GRZZX currently has the higher Sharpe Ratio (-0.62 vs -1.44), 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.
Find the right allocation for RYCQX and GRZZX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer