RYTPX vs. GRZZX
RYTPX (Rydex Inverse S&P 500 2x Strategy Fund) and GRZZX (Grizzly Short Fund) are both Inverse Equities funds. Over the past 10 years, RYTPX returned -17.50%/yr vs -1.35%/yr for GRZZX. Their correlation of 0.86 suggests significant overlap in exposure. RYTPX charges 2.16%/yr vs 1.61%/yr for GRZZX.
Performance
RYTPX vs. GRZZX - Performance Comparison
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Returns By Period
In the year-to-date period, RYTPX achieves a -12.39% return, which is significantly lower than GRZZX's -4.48% return. Over the past 10 years, RYTPX has underperformed GRZZX with an annualized return of -17.50%, while GRZZX has yielded a comparatively higher -1.35% annualized return.
RYTPX
- 1D
- 2.90%
- 1M
- 4.28%
- YTD
- -12.39%
- 6M
- -10.07%
- 1Y
- -28.37%
- 3Y*
- -26.98%
- 5Y*
- -21.19%
- 10Y*
- -17.50%
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%
RYTPX vs. GRZZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | -12.39% | -27.24% | -29.24% | -31.96% | 29.31% | -43.38% | -50.05% | -41.84% | 4.42% | -32.54% |
GRZZX Grizzly Short Fund | -4.48% | -2.98% | -6.74% | -18.72% | 22.43% | -15.87% | -41.33% | -29.43% | 301.98% | -19.84% |
Correlation
The correlation between RYTPX and GRZZX is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.86 |
The correlation between RYTPX and GRZZX has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
RYTPX vs. GRZZX — Risk / Return Rank
RYTPX
GRZZX
RYTPX vs. GRZZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) 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.
| RYTPX | GRZZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.69 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.93 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.92 | -0.51 | -0.41 |
| Martin ratioReturn relative to average drawdown | -1.62 | -1.13 | -0.48 |
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Drawdowns
RYTPX vs. GRZZX - Drawdown Comparison
The maximum RYTPX drawdown since its inception was -99.92%, which is greater than GRZZX's maximum drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for RYTPX and GRZZX.
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Drawdown Indicators
| RYTPX | GRZZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.92% | -91.80% | -8.12% |
Max Drawdown (1Y)Largest decline over 1 year | -32.67% | -13.89% | -18.78% |
Max Drawdown (3Y)Largest decline over 3 years | -68.03% | -29.48% | -38.55% |
Max Drawdown (5Y)Largest decline over 5 years | -75.66% | -37.65% | -38.01% |
Max Drawdown (10Y)Largest decline over 10 years | -96.56% | -72.45% | -24.11% |
Current DrawdownCurrent decline from peak | -99.91% | -89.35% | -10.56% |
Average DrawdownAverage peak-to-trough decline | -82.33% | -69.39% | -12.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.16% | 6.39% | +13.77% |
Volatility
RYTPX vs. GRZZX - Volatility Comparison
Rydex Inverse S&P 500 2x Strategy Fund (RYTPX) has a higher volatility of 9.58% compared to Grizzly Short Fund (GRZZX) at 4.56%. This indicates that RYTPX'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
| RYTPX | GRZZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.58% | 4.56% | +5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 19.85% | 10.60% | +9.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.10% | 14.04% | +11.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 33.95% | 19.60% | +14.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 290.09% | 96.67% | +193.42% |
RYTPX vs. GRZZX - Expense Ratio Comparison
RYTPX has a 2.16% expense ratio, which is higher than GRZZX's 1.61% expense ratio.
Dividends
RYTPX vs. GRZZX - Dividend Comparison
RYTPX's dividend yield for the trailing twelve months is around 5.87%, more than GRZZX's 4.79% 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% |
RYTPX Rydex Inverse S&P 500 2x Strategy Fund | 5.87% | 5.15% | 6.90% | 3.35% | 0.00% | 0.00% | 0.00% | 0.23% |
Frequently Asked Questions
RYTPX and GRZZX have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYTPX has higher volatility (9.58%) compared to GRZZX (4.56%). In terms of maximum drawdown, RYTPX dropped -99.92% vs GRZZX's -91.80%.
GRZZX currently has the higher Sharpe Ratio (-0.51 vs -1.20), 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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