RYVNX vs. GRZZX
RYVNX (Rydex Inverse NASDAQ-100 2x Strategy Fund) and GRZZX (Grizzly Short Fund) are both Inverse Equities funds. Over the past 10 years, RYVNX returned -37.52%/yr vs -0.76%/yr for GRZZX. Their correlation of 0.81 means they have usually moved in the same direction. RYVNX charges 2.49%/yr vs 1.61%/yr for GRZZX.
Performance
RYVNX vs. GRZZX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, RYVNX achieves a -22.02% return, which is significantly lower than GRZZX's -7.60% return. Over the past 10 years, RYVNX has underperformed GRZZX with an annualized return of -37.52%, while GRZZX has yielded a comparatively higher -0.76% annualized return.
RYVNX
- 1D
- -6.50%
- 1M
- 8.24%
- 6M
- -20.47%
- YTD
- -22.02%
- 1Y
- -36.09%
- 3Y*
- -33.31%
- 5Y*
- -28.38%
- 10Y*
- -37.52%
- ALL TIME*
- -31.17%
GRZZX
- 1D
- -0.49%
- 1M
- 1.10%
- 6M
- -6.54%
- YTD
- -7.60%
- 1Y
- -8.55%
- 3Y*
- -5.42%
- 5Y*
- -3.45%
- 10Y*
- -0.76%
- ALL TIME*
- -7.01%
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 |
RYVNX vs. GRZZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | -22.02% | -35.24% | -34.30% | -57.09% | 65.14% | -45.41% | -69.71% | -50.05% | -9.71% | -44.28% |
GRZZX Grizzly Short Fund | -7.60% | -2.98% | -6.74% | -18.72% | 22.43% | -15.87% | -41.33% | -29.43% | 301.98% | -19.84% |
Correlation
The correlation between RYVNX and GRZZX is 0.59, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.59 |
Correlation (3Y) Balances recent behavior with more history. | 0.67 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.79 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 2, 2001 | 0.81 |
Over the past year, the correlation between RYVNX and GRZZX has dropped to 0.59 - well below their long-term average of 0.81, suggesting their price drivers have been diverging.
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
RYVNX vs. GRZZX — Risk / Return Rank
RYVNX
GRZZX
RYVNX vs. GRZZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX) 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.
| RYVNX | GRZZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.43 | ||
| Sortino ratioReturn per unit of downside risk | -0.66 | ||
| Omega ratioGain probability vs. loss probability | 0.87 | 0.94 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | -0.73 | -0.37 | -0.36 |
| Martin ratioReturn relative to average drawdown | -1.33 | -0.77 | -0.56 |
Loading charts...
Drawdowns
RYVNX vs. GRZZX - Drawdown Comparison
The maximum RYVNX drawdown since its inception was -100.00%, which is greater than GRZZX's maximum drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for RYVNX and GRZZX.
Loading charts...
Drawdown Indicators
| RYVNX | GRZZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -100.00% | -91.80% | -8.20% |
Max Drawdown (1Y)Largest decline over 1 year | -45.22% | -16.03% | -29.19% |
Max Drawdown (3Y)Largest decline over 3 years | -79.81% | -31.23% | -48.58% |
Max Drawdown (5Y)Largest decline over 5 years | -88.89% | -39.19% | -49.70% |
Max Drawdown (10Y)Largest decline over 10 years | -99.24% | -73.13% | -26.11% |
Current DrawdownCurrent decline from peak | -100.00% | -89.70% | -10.30% |
Average DrawdownAverage peak-to-trough decline | -89.62% | -69.47% | -20.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 24.59% | 7.63% | +16.96% |
Volatility
RYVNX vs. GRZZX - Volatility Comparison
Rydex Inverse NASDAQ-100 2x Strategy Fund (RYVNX) has a higher volatility of 13.77% compared to Grizzly Short Fund (GRZZX) at 3.84%. This indicates that RYVNX'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
| RYVNX | GRZZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.77% | 3.84% | +9.93% |
Volatility (6M)Calculated over the trailing 6-month period | 32.02% | 10.58% | +21.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.72% | 14.08% | +24.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.13% | 19.62% | +26.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 45.47% | 96.61% | -51.14% |
RYVNX vs. GRZZX - Expense Ratio Comparison
RYVNX has a 2.49% expense ratio, which is higher than GRZZX's 1.61% expense ratio.
Dividends
RYVNX vs. GRZZX - Dividend Comparison
RYVNX's dividend yield for the trailing twelve months is around 13.62%, more than GRZZX's 4.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GRZZX Grizzly Short Fund | 4.95% | 6.00% | 10.30% | 6.61% | 0.00% | 0.00% | 0.00% | 1.14% |
RYVNX Rydex Inverse NASDAQ-100 2x Strategy Fund | 13.62% | 10.62% | 6.03% | 4.56% | 0.00% | 0.00% | 0.25% | 0.03% |
Frequently Asked Questions
RYVNX and GRZZX have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RYVNX has higher volatility (13.77%) compared to GRZZX (3.84%). In terms of maximum drawdown, RYVNX dropped -100.00% vs GRZZX's -91.80%.
GRZZX currently has the higher Sharpe Ratio (-0.42 vs -0.85), 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 RYVNX 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