UFPIX vs. GRZZX
UFPIX (ProFunds UltraShort Latin America Fund) and GRZZX (Grizzly Short Fund) are both Inverse Equities funds. Over the past 10 years, UFPIX returned -15.12%/yr vs -0.76%/yr for GRZZX. Their 0.60 correlation means they have sometimes moved together and sometimes differently. UFPIX charges 1.78%/yr vs 1.61%/yr for GRZZX.
Performance
UFPIX vs. GRZZX - Performance Comparison
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Returns By Period
In the year-to-date period, UFPIX achieves a -36.19% return, which is significantly lower than GRZZX's -7.60% return. Over the past 10 years, UFPIX has underperformed GRZZX with an annualized return of -15.12%, while GRZZX has yielded a comparatively higher -0.76% annualized return.
UFPIX
- 1D
- -5.35%
- 1M
- -8.24%
- 6M
- -13.22%
- YTD
- -36.19%
- 1Y
- -57.75%
- 3Y*
- 44.05%
- 5Y*
- 7.70%
- 10Y*
- -15.12%
- ALL TIME*
- -21.76%
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 |
UFPIX vs. GRZZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UFPIX ProFunds UltraShort Latin America Fund | -36.19% | -54.35% | 1,093.05% | -43.28% | -35.80% | -20.05% | -38.78% | -27.84% | -3.97% | -45.62% |
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 UFPIX and GRZZX is 0.34, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.34 |
Correlation (3Y) Balances recent behavior with more history. | 0.46 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.46 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.50 |
Correlation (All Time) Calculated using the full available price history since Oct 16, 2007 | 0.60 |
Over the past year, the correlation between UFPIX and GRZZX has dropped to 0.34 - well below their long-term average of 0.60, suggesting their price drivers have been diverging.
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Return for Risk
UFPIX vs. GRZZX — Risk / Return Rank
UFPIX
GRZZX
UFPIX vs. GRZZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Latin America Fund (UFPIX) 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.
| UFPIX | GRZZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.94 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 0.94 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | -0.91 | -0.37 | -0.54 |
| Martin ratioReturn relative to average drawdown | -1.31 | -0.77 | -0.54 |
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Drawdowns
UFPIX vs. GRZZX - Drawdown Comparison
The maximum UFPIX drawdown since its inception was -99.86%, which is greater than GRZZX's maximum drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for UFPIX and GRZZX.
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Drawdown Indicators
| UFPIX | GRZZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.86% | -91.80% | -8.06% |
Max Drawdown (1Y)Largest decline over 1 year | -62.91% | -16.03% | -46.88% |
Max Drawdown (3Y)Largest decline over 3 years | -75.57% | -31.23% | -44.34% |
Max Drawdown (5Y)Largest decline over 5 years | -75.57% | -39.19% | -36.38% |
Max Drawdown (10Y)Largest decline over 10 years | -94.86% | -73.13% | -21.73% |
Current DrawdownCurrent decline from peak | -99.51% | -89.70% | -9.81% |
Average DrawdownAverage peak-to-trough decline | -93.55% | -69.47% | -24.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 43.78% | 7.63% | +36.15% |
Volatility
UFPIX vs. GRZZX - Volatility Comparison
ProFunds UltraShort Latin America Fund (UFPIX) has a higher volatility of 10.59% compared to Grizzly Short Fund (GRZZX) at 3.84%. This indicates that UFPIX'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
| UFPIX | GRZZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.59% | 3.84% | +6.75% |
Volatility (6M)Calculated over the trailing 6-month period | 33.30% | 10.58% | +22.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.45% | 14.08% | +27.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 339.49% | 19.62% | +319.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 244.17% | 96.61% | +147.56% |
UFPIX vs. GRZZX - Expense Ratio Comparison
UFPIX has a 1.78% expense ratio, which is higher than GRZZX's 1.61% expense ratio.
Dividends
UFPIX vs. GRZZX - Dividend Comparison
UFPIX's dividend yield for the trailing twelve months is around 14.91%, 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% |
UFPIX ProFunds UltraShort Latin America Fund | 14.91% | 9.52% | 0.00% | 2.64% | 0.00% | 0.00% | 0.00% | 0.36% |
Frequently Asked Questions
UFPIX and GRZZX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UFPIX has higher volatility (10.59%) compared to GRZZX (3.84%). In terms of maximum drawdown, UFPIX dropped -99.86% vs GRZZX's -91.80%.
GRZZX currently has the higher Sharpe Ratio (-0.42 vs -1.38), 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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