UWPIX vs. GRZZX
UWPIX (ProFunds UltraShort Dow 30 Fund) and GRZZX (Grizzly Short Fund) are both Inverse Equities funds. Over the past 10 years, UWPIX returned -26.43%/yr vs -1.35%/yr for GRZZX. Their correlation of 0.82 suggests significant overlap in exposure. UWPIX charges 1.78%/yr vs 1.61%/yr for GRZZX.
Performance
UWPIX vs. GRZZX - Performance Comparison
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Returns By Period
In the year-to-date period, UWPIX achieves a -13.43% return, which is significantly lower than GRZZX's -4.48% return. Over the past 10 years, UWPIX has underperformed GRZZX with an annualized return of -26.43%, while GRZZX has yielded a comparatively higher -1.35% annualized return.
UWPIX
- 1D
- 0.26%
- 1M
- -4.24%
- YTD
- -13.43%
- 6M
- -10.86%
- 1Y
- -28.75%
- 3Y*
- -24.15%
- 5Y*
- -17.52%
- 10Y*
- -26.43%
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%
UWPIX vs. GRZZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
UWPIX ProFunds UltraShort Dow 30 Fund | -13.43% | -23.48% | -20.75% | -18.56% | 5.91% | -35.49% | -45.69% | -36.17% | 1.45% | -39.01% |
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 UWPIX and GRZZX is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2004 | 0.82 |
The correlation between UWPIX and GRZZX has been stable across timeframes, ranging from 0.80 to 0.83 - a consistent structural relationship.
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Return for Risk
UWPIX vs. GRZZX — Risk / Return Rank
UWPIX
GRZZX
UWPIX vs. GRZZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ProFunds UltraShort Dow 30 Fund (UWPIX) 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.
| UWPIX | GRZZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.93 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -1.01 | -0.51 | -0.50 |
| Martin ratioReturn relative to average drawdown | -1.75 | -1.13 | -0.62 |
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Drawdowns
UWPIX vs. GRZZX - Drawdown Comparison
The maximum UWPIX drawdown since its inception was -99.78%, which is greater than GRZZX's maximum drawdown of -91.80%. Use the drawdown chart below to compare losses from any high point for UWPIX and GRZZX.
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Drawdown Indicators
| UWPIX | GRZZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.78% | -91.80% | -7.98% |
Max Drawdown (1Y)Largest decline over 1 year | -30.15% | -13.89% | -16.26% |
Max Drawdown (3Y)Largest decline over 3 years | -61.34% | -29.48% | -31.86% |
Max Drawdown (5Y)Largest decline over 5 years | -68.99% | -37.65% | -31.34% |
Max Drawdown (10Y)Largest decline over 10 years | -95.56% | -72.45% | -23.11% |
Current DrawdownCurrent decline from peak | -99.78% | -89.35% | -10.43% |
Average DrawdownAverage peak-to-trough decline | -77.69% | -69.39% | -8.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 18.89% | 6.39% | +12.50% |
Volatility
UWPIX vs. GRZZX - Volatility Comparison
ProFunds UltraShort Dow 30 Fund (UWPIX) has a higher volatility of 8.49% compared to Grizzly Short Fund (GRZZX) at 4.56%. This indicates that UWPIX'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
| UWPIX | GRZZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.49% | 4.56% | +3.93% |
Volatility (6M)Calculated over the trailing 6-month period | 19.83% | 10.60% | +9.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.98% | 14.04% | +10.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 30.05% | 19.60% | +10.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.97% | 96.67% | -61.70% |
UWPIX vs. GRZZX - Expense Ratio Comparison
UWPIX has a 1.78% expense ratio, which is higher than GRZZX's 1.61% expense ratio.
Dividends
UWPIX vs. GRZZX - Dividend Comparison
UWPIX's dividend yield for the trailing twelve months is around 5.22%, 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% |
UWPIX ProFunds UltraShort Dow 30 Fund | 5.22% | 4.51% | 0.00% | 2.28% | 0.00% | 0.00% | 0.00% | 0.35% |
Frequently Asked Questions
UWPIX and GRZZX have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
UWPIX has higher volatility (8.49%) compared to GRZZX (4.56%). In terms of maximum drawdown, UWPIX dropped -99.78% vs GRZZX's -91.80%.
GRZZX currently has the higher Sharpe Ratio (-0.51 vs -1.23), 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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