RYCZX vs. GRZZX
RYCZX (Rydex Inverse Dow 2x Strategy Fund) and GRZZX (Grizzly Short Fund) are both Inverse Equities funds. Over the past 10 years, RYCZX returned -25.85%/yr vs -0.93%/yr for GRZZX. Their correlation of 0.83 suggests significant overlap in exposure. RYCZX charges 2.70%/yr vs 1.61%/yr for GRZZX.
Performance
RYCZX vs. GRZZX - Performance Comparison
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Returns By Period
In the year-to-date period, RYCZX achieves a -16.63% return, which is significantly lower than GRZZX's -8.15% return. Over the past 10 years, RYCZX has underperformed GRZZX with an annualized return of -25.85%, while GRZZX has yielded a comparatively higher -0.93% annualized return.
RYCZX
- 1D
- -0.50%
- 1M
- -4.72%
- 6M
- -11.61%
- YTD
- -16.63%
- 1Y
- -27.70%
- 3Y*
- -23.32%
- 5Y*
- -16.63%
- 10Y*
- -25.85%
GRZZX
- 1D
- -0.27%
- 1M
- -2.77%
- 6M
- -4.16%
- YTD
- -8.15%
- 1Y
- -6.61%
- 3Y*
- -6.53%
- 5Y*
- -3.56%
- 10Y*
- -0.93%
RYCZX vs. GRZZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYCZX Rydex Inverse Dow 2x Strategy Fund | -16.63% | -22.14% | -16.97% | -19.05% | 5.48% | -36.32% | -45.37% | -36.65% | 0.75% | -39.59% |
GRZZX Grizzly Short Fund | -8.15% | -2.98% | -6.74% | -18.72% | 22.43% | -15.87% | -41.33% | -29.43% | 301.98% | -19.84% |
Correlation
The correlation between RYCZX and GRZZX is 0.82, 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 | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2005 | 0.83 |
The correlation between RYCZX and GRZZX has been stable across timeframes, ranging from 0.81 to 0.83 - a consistent structural relationship.
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Return for Risk
RYCZX vs. GRZZX — Risk / Return Rank
RYCZX
GRZZX
RYCZX vs. GRZZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse Dow 2x Strategy Fund (RYCZX) 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.
| RYCZX | GRZZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 0.82 | 0.95 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.86 | -0.36 | -0.50 |
| Martin ratioReturn relative to average drawdown | -1.57 | -0.83 | -0.74 |
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Drawdowns
RYCZX vs. GRZZX - Drawdown Comparison
The maximum RYCZX drawdown since its inception was -99.80%, which is greater than GRZZX's maximum drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for RYCZX and GRZZX.
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Drawdown Indicators
| RYCZX | GRZZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.80% | -91.80% | -8.00% |
Max Drawdown (1Y)Largest decline over 1 year | -32.00% | -15.84% | -16.16% |
Max Drawdown (3Y)Largest decline over 3 years | -60.61% | -31.08% | -29.53% |
Max Drawdown (5Y)Largest decline over 5 years | -68.62% | -39.06% | -29.56% |
Max Drawdown (10Y)Largest decline over 10 years | -95.14% | -73.07% | -22.07% |
Current DrawdownCurrent decline from peak | -99.79% | -89.76% | -10.03% |
Average DrawdownAverage peak-to-trough decline | -78.93% | -69.43% | -9.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 17.39% | 6.84% | +10.55% |
Volatility
RYCZX vs. GRZZX - Volatility Comparison
Rydex Inverse Dow 2x Strategy Fund (RYCZX) has a higher volatility of 7.27% compared to Grizzly Short Fund (GRZZX) at 4.28%. This indicates that RYCZX'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.
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Volatility by Period
| RYCZX | GRZZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.27% | 4.28% | +2.99% |
Volatility (6M)Calculated over the trailing 6-month period | 19.62% | 10.55% | +9.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.64% | 13.95% | +10.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.64% | 19.61% | +10.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 35.16% | 96.61% | -61.45% |
RYCZX vs. GRZZX - Expense Ratio Comparison
RYCZX has a 2.70% expense ratio, which is higher than GRZZX's 1.61% expense ratio.
Dividends
RYCZX vs. GRZZX - Dividend Comparison
RYCZX's dividend yield for the trailing twelve months is around 7.05%, more than GRZZX's 4.98% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | 4.98% | 6.00% | 10.30% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% |
RYCZX Rydex Inverse Dow 2x Strategy Fund | 7.05% | 5.88% | 4.32% | 1.00% | 0.00% | 0.00% | 0.05% | 0.24% |
Frequently Asked Questions
RYCZX and GRZZX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYCZX has higher volatility (7.27%) compared to GRZZX (4.28%). In terms of maximum drawdown, RYCZX dropped -99.80% vs GRZZX's -91.80%.
GRZZX currently has the higher Sharpe Ratio (-0.41 vs -1.11), 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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