RYURX vs. GRZZX
RYURX (Rydex Inverse S&P 500 Strategy Fund) and GRZZX (Grizzly Short Fund) are both Inverse Equities funds. Over the past 10 years, RYURX returned -13.15%/yr vs -1.42%/yr for GRZZX. Their correlation of 0.89 suggests significant overlap in exposure. RYURX charges 1.49%/yr vs 1.61%/yr for GRZZX.
Performance
RYURX vs. GRZZX - Performance Comparison
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Returns By Period
In the year-to-date period, RYURX achieves a -7.00% return, which is significantly lower than GRZZX's -5.08% return. Over the past 10 years, RYURX has underperformed GRZZX with an annualized return of -13.15%, while GRZZX has yielded a comparatively higher -1.42% annualized return.
RYURX
- 1D
- 0.40%
- 1M
- 0.17%
- YTD
- -7.00%
- 6M
- -6.01%
- 1Y
- -15.85%
- 3Y*
- -12.15%
- 5Y*
- -8.88%
- 10Y*
- -13.15%
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%
RYURX vs. GRZZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYURX Rydex Inverse S&P 500 Strategy Fund | -7.00% | -11.41% | -13.04% | -14.56% | 17.56% | -24.19% | -24.90% | -22.65% | 4.33% | -17.38% |
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 RYURX and GRZZX is 0.79, 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 | 0.79 |
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 | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.89 |
The correlation between RYURX and GRZZX has been stable across timeframes, ranging from 0.79 to 0.89 - a consistent structural relationship.
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Return for Risk
RYURX vs. GRZZX — Risk / Return Rank
RYURX
GRZZX
RYURX vs. GRZZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse S&P 500 Strategy Fund (RYURX) 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.
| RYURX | GRZZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 0.79 | 0.91 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.96 | -0.63 | -0.33 |
| Martin ratioReturn relative to average drawdown | -1.74 | -1.37 | -0.37 |
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Drawdowns
RYURX vs. GRZZX - Drawdown Comparison
The maximum RYURX drawdown since its inception was -96.72%, which is greater than GRZZX's maximum drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for RYURX and GRZZX.
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Drawdown Indicators
| RYURX | GRZZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.72% | -91.80% | -4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -16.51% | -13.89% | -2.62% |
Max Drawdown (3Y)Largest decline over 3 years | -38.48% | -29.48% | -9.00% |
Max Drawdown (5Y)Largest decline over 5 years | -44.10% | -37.65% | -6.45% |
Max Drawdown (10Y)Largest decline over 10 years | -76.43% | -72.45% | -3.98% |
Current DrawdownCurrent decline from peak | -96.66% | -89.42% | -7.24% |
Average DrawdownAverage peak-to-trough decline | -68.96% | -69.39% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.35% | 6.62% | +3.73% |
Volatility
RYURX vs. GRZZX - Volatility Comparison
Rydex Inverse S&P 500 Strategy Fund (RYURX) and Grizzly Short Fund (GRZZX) have volatilities of 4.63% and 4.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RYURX | GRZZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.52% | +0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 10.60% | -0.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.43% | 14.05% | -1.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.09% | 19.60% | -2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.15% | 96.68% | -78.53% |
RYURX vs. GRZZX - Expense Ratio Comparison
RYURX has a 1.49% expense ratio, which is lower than GRZZX's 1.61% expense ratio.
Dividends
RYURX vs. GRZZX - Dividend Comparison
RYURX's dividend yield for the trailing twelve months is around 4.11%, less 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% |
RYURX Rydex Inverse S&P 500 Strategy Fund | 4.11% | 3.82% | 6.78% | 2.79% | 0.00% | 0.00% | 0.42% | 0.86% |
Frequently Asked Questions
RYURX and GRZZX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYURX has higher volatility (4.63%) compared to GRZZX (4.52%). In terms of maximum drawdown, RYURX dropped -96.72% vs GRZZX's -91.80%.
GRZZX currently has the higher Sharpe Ratio (-0.62 vs -1.34), 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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