- ISIN
- US9210757509
- CUSIP
- 921075750
- Issuer
- VanEck
- Inception Date
- Nov 1, 1994
- Category
- Energy Equities
- Min. Investment
- $1,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
GHAAX Performance Chart
VanEck Global Resources Fund (GHAAX) is up 10.4% since the beginning of the year. GHAAX is currently trading at $54 per share. Investors who bought $1,000 worth of GHAAX shares 5 years ago would now be looking at an investment worth $1,572.
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Returns By Period
VanEck Global Resources Fund (GHAAX) has returned 10.39% so far this year and 32.54% over the past 12 months. Over the last ten years, GHAAX has returned 6.39% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
VanEck Global Resources Fund
- 1D
- -1.68%
- 1M
- -3.99%
- YTD
- 10.39%
- 6M
- 9.60%
- 1Y
- 32.54%
- 3Y*
- 13.61%
- 5Y*
- 9.47%
- 10Y*
- 6.39%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
GHAAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 1995, GHAAX's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 56% of months were positive and 44% were negative. The best month was Apr 2020 with a return of +23.7%, while the worst month was Mar 2020 at -27.6%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 8 months.
On a daily basis, GHAAX closed higher 52% of trading days. The best single day was Oct 13, 2008 with a return of +14.8%, while the worst single day was Mar 9, 2020 at -15.6%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 11.49% | 8.82% | -4.22% | 1.16% | -0.99% | -5.16% | 10.39% | ||||||
| 2025 | 4.01% | -0.42% | 3.76% | -3.12% | 3.32% | 5.36% | -0.31% | 7.26% | 5.44% | -1.53% | 5.50% | 2.54% | 36.12% |
| 2024 | -7.55% | 1.45% | 9.42% | 1.26% | 4.72% | -4.20% | 2.38% | -1.26% | 0.17% | -1.91% | 2.02% | -8.34% | -3.15% |
| 2023 | 5.85% | -7.38% | -1.16% | -1.18% | -8.44% | 7.78% | 7.83% | -3.31% | -1.80% | -6.49% | 2.15% | 3.96% | -3.93% |
| 2022 | -0.97% | 11.10% | 10.57% | -7.80% | 7.32% | -17.78% | 7.42% | 2.42% | -9.25% | 12.41% | 5.07% | -7.66% | 7.79% |
| 2021 | 2.69% | 8.69% | -0.80% | 3.69% | 3.56% | 0.05% | -4.62% | -1.58% | -0.91% | 9.41% | -4.36% | 2.45% | 18.63% |
Benchmark Metrics
VanEck Global Resources Fund has an annualized alpha of 1.11%, beta of 0.87, and R2 of 0.44 versus S&P 500 Index. Calculated based on daily prices since January 03, 1995.
- This fund participated in 95.08% of S&P 500 Index downside but only 87.97% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.44 means the benchmark explains less than half of this fund's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.11%
- Beta
- 0.87
- R²
- 0.44
- Upside Capture
- 87.97%
- Downside Capture
- 95.08%
Expense Ratio
GHAAX has a high expense ratio of 1.38%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
GHAAX ranks 41 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for VanEck Global Resources Fund (GHAAX) and compare them to S&P 500 Index.
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.
| GHAAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.48 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.37 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 2.78 | +0.13 |
| Martin ratioReturn relative to average drawdown | 9.62 | 12.44 | -2.82 |
Dividends
Dividend History
VanEck Global Resources Fund provided a 1.41% dividend yield over the last twelve months, with an annual payout of $0.76 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.76 | $0.76 | $1.08 | $0.90 | $1.04 | $0.53 | $0.18 | $0.25 | $0.00 | $0.00 | $0.01 | $0.13 |
Dividend yield | 1.41% | 1.56% | 2.95% | 2.33% | 2.53% | 1.35% | 0.53% | 0.89% | 0.00% | 0.00% | 0.03% | 0.51% |
Monthly Dividends
The table displays the monthly dividend distributions for VanEck Global Resources Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.76 | $0.76 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.08 | $1.08 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.90 | $0.90 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.04 | $1.04 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.53 | $0.53 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the VanEck Global Resources Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the VanEck Global Resources Fund was 74.68%, occurring on Mar 18, 2020. Recovery took 1461 trading sessions.
The current VanEck Global Resources Fund drawdown is 9.45%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -74.68%Mar 2020 | 11y 8mo | 5y 9mo | 17y 6moJul 2008 - Jan 2026 |
1998 bear market1998 | -46.02%Aug 1998 | 10mo 26d | 5y 3mo | 6y 2moOct 1997 - Dec 2003 |
2006 bear market2006 | -21.62%Jun 2006 | 1mo 3d | 8mo 14d | 9mo 17dMay 2006 - Feb 2007 |
2007 correction2007 | -15.80%Aug 2007 | 27d | 1mo 4d | 2mo 1dJul 2007 - Sep 2007 |
2005 correction2005 | -14.12%Oct 2005 | 16d | 1mo 12d | 1mo 28dOct 2005 - Dec 2005 |
Drawdown Indicators
| GHAAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.68% | -56.78% | -17.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.04% | -9.10% | -1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -18.65% | -18.90% | +0.25% |
Max Drawdown (5Y)Largest decline over 5 years | -27.74% | -25.43% | -2.31% |
Max Drawdown (10Y)Largest decline over 10 years | -62.93% | -33.92% | -29.01% |
Current DrawdownCurrent decline from peak | -9.45% | -1.80% | -7.65% |
Average DrawdownAverage peak-to-trough decline | -24.66% | -10.71% | -13.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.34% | 2.03% | +1.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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