UCPIX vs. GRZZX
UCPIX (ProFunds UltraShort Small Cap Fund) and GRZZX (Grizzly Short Fund) are both Inverse Equities funds. Over the past 10 years, UCPIX returned -8.89%/yr vs -0.76%/yr for GRZZX. Their correlation of 0.89 means they have usually moved in the same direction. UCPIX charges 1.78%/yr vs 1.61%/yr for GRZZX.
Performance
UCPIX vs. GRZZX - Performance Comparison
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Returns By Period
In the year-to-date period, UCPIX achieves a -30.70% return, which is significantly lower than GRZZX's -7.60% return. Over the past 10 years, UCPIX has underperformed GRZZX with an annualized return of -8.89%, while GRZZX has yielded a comparatively higher -0.76% annualized return.
UCPIX
- 1D
- -2.74%
- 1M
- 3.70%
- 6M
- -23.15%
- YTD
- -30.70%
- 1Y
- -47.89%
- 3Y*
- 58.79%
- 5Y*
- 29.06%
- 10Y*
- -8.89%
- ALL TIME*
- -20.06%
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 |
UCPIX vs. GRZZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UCPIX ProFunds UltraShort Small Cap Fund | -30.70% | -25.76% | 707.30% | -26.54% | 28.08% | -36.02% | -60.58% | -38.99% | 17.86% | -27.19% |
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 UCPIX and GRZZX is 0.79, 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. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.88 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.89 |
The correlation between UCPIX and GRZZX shifts across timeframes, from 0.79 (1 year) to 0.89 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
UCPIX vs. GRZZX — Risk / Return Rank
UCPIX
GRZZX
UCPIX vs. GRZZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Small Cap Fund (UCPIX) 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.
| UCPIX | GRZZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 0.81 | 0.94 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.89 | -0.37 | -0.52 |
| Martin ratioReturn relative to average drawdown | -1.35 | -0.77 | -0.58 |
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Drawdowns
UCPIX vs. GRZZX - Drawdown Comparison
The maximum UCPIX drawdown since its inception was -99.90%, which is greater than GRZZX's maximum drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for UCPIX and GRZZX.
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Drawdown Indicators
| UCPIX | GRZZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.90% | -91.80% | -8.10% |
Max Drawdown (1Y)Largest decline over 1 year | -50.68% | -16.03% | -34.65% |
Max Drawdown (3Y)Largest decline over 3 years | -68.91% | -31.23% | -37.68% |
Max Drawdown (5Y)Largest decline over 5 years | -68.91% | -39.19% | -29.72% |
Max Drawdown (10Y)Largest decline over 10 years | -92.98% | -73.13% | -19.85% |
Current DrawdownCurrent decline from peak | -99.46% | -89.70% | -9.76% |
Average DrawdownAverage peak-to-trough decline | -84.07% | -69.47% | -14.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 33.06% | 7.63% | +25.43% |
Volatility
UCPIX vs. GRZZX - Volatility Comparison
ProFunds UltraShort Small Cap Fund (UCPIX) has a higher volatility of 7.68% compared to Grizzly Short Fund (GRZZX) at 3.84%. This indicates that UCPIX'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
| UCPIX | GRZZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 3.84% | +3.84% |
Volatility (6M)Calculated over the trailing 6-month period | 28.39% | 10.58% | +17.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 38.81% | 14.08% | +24.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 400.22% | 19.62% | +380.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 284.69% | 96.61% | +188.08% |
UCPIX vs. GRZZX - Expense Ratio Comparison
UCPIX has a 1.78% expense ratio, which is higher than GRZZX's 1.61% expense ratio.
Dividends
UCPIX vs. GRZZX - Dividend Comparison
UCPIX's dividend yield for the trailing twelve months is around 6.66%, 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% |
UCPIX ProFunds UltraShort Small Cap Fund | 6.66% | 4.61% | 4.24% | 4.77% | 0.00% | 0.00% | 0.00% | 0.30% |
Frequently Asked Questions
UCPIX 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.
UCPIX has higher volatility (7.68%) compared to GRZZX (3.84%). In terms of maximum drawdown, UCPIX dropped -99.90% vs GRZZX's -91.80%.
GRZZX currently has the higher Sharpe Ratio (-0.42 vs -1.16), 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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