- ISIN
- US38035R2085
- CUSIP
- 38035R208
- Issuer
- Goehring & Rozencwajg
- Inception Date
- Dec 29, 2016
- Category
- Energy Equities
- Min. Investment
- $100,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
GRHIX Performance Chart
Goehring & Rozencwajg Resources Fund (GRHIX) is up 7.0% since the beginning of the year. GRHIX is currently trading at $21 per share. Investors who bought $1,000 worth of GRHIX shares 5 years ago would now be looking at an investment worth $2,588.
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Returns By Period
Goehring & Rozencwajg Resources Fund (GRHIX) has returned 6.98% so far this year and 40.42% over the past 12 months.
Goehring & Rozencwajg Resources Fund
- 1D
- -2.05%
- 1M
- -9.32%
- YTD
- 6.98%
- 6M
- 6.87%
- 1Y
- 40.42%
- 3Y*
- 24.68%
- 5Y*
- 20.95%
- 10Y*
- —
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%
GRHIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 3, 2017, GRHIX's average daily return is +0.06%, while the average monthly return is +1.20%. At this rate, an investment would double in approximately 4.8 years.
Historically, 57% of months were positive and 43% were negative. The best month was Apr 2020 with a return of +33.4%, while the worst month was Mar 2020 at -28.2%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 5 months.
On a daily basis, GRHIX closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +11.4%, while the worst single day was Mar 9, 2020 at -17.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 14.92% | 9.35% | -3.44% | 1.17% | -4.65% | -8.61% | 6.98% | ||||||
| 2025 | 3.26% | -5.62% | 5.47% | -1.93% | 10.42% | 10.22% | -1.43% | 6.71% | 15.23% | 0.70% | 3.56% | 4.26% | 61.65% |
| 2024 | -1.81% | -2.15% | 7.86% | 1.38% | 7.05% | -8.66% | 0.37% | -4.84% | 3.62% | 2.15% | 3.93% | -8.75% | -1.51% |
| 2023 | 7.76% | -3.40% | -3.52% | 0.08% | -6.70% | 9.82% | 10.43% | 1.57% | 1.03% | -2.78% | 1.65% | 1.09% | 16.61% |
| 2022 | 2.94% | 11.62% | 15.70% | -2.88% | 3.34% | -20.87% | 13.74% | 3.51% | -12.22% | 12.67% | 2.79% | -7.91% | 16.38% |
| 2021 | 4.15% | 19.79% | 2.22% | 5.19% | 12.27% | 2.25% | -8.29% | -0.44% | 13.24% | 9.86% | -7.92% | 0.67% | 62.15% |
Benchmark Metrics
Goehring & Rozencwajg Resources Fund has an annualized alpha of 0.25%, beta of 0.96, and R2 of 0.36 versus S&P 500 Index. Calculated based on daily prices since January 03, 2017.
- This fund participated in 113.11% of S&P 500 Index downside but only 99.26% of its upside - more exposed to losses than it benefited from rallies.
- R2 of 0.36 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
- 0.25%
- Beta
- 0.96
- R²
- 0.36
- Upside Capture
- 99.26%
- Downside Capture
- 113.11%
Expense Ratio
GRHIX has an expense ratio of 0.92%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GRHIX ranks 34 for risk / return — below 34% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Goehring & Rozencwajg Resources Fund (GRHIX) 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.
| GRHIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.51 | 2.78 | -0.27 |
| Martin ratioReturn relative to average drawdown | 7.75 | 12.44 | -4.69 |
Dividends
Dividend History
Goehring & Rozencwajg Resources Fund provided a 3.17% dividend yield over the last twelve months, with an annual payout of $0.67 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.67 | $0.67 | $0.51 | $0.42 | $0.14 | $0.33 | $0.13 | $0.04 | $0.08 | $0.05 |
Dividend yield | 3.17% | 3.39% | 4.02% | 3.19% | 1.21% | 3.25% | 2.03% | 0.57% | 1.18% | 0.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Goehring & Rozencwajg 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 | $0.67 | $0.67 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.51 | $0.51 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.42 | $0.42 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.14 | $0.14 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.33 | $0.33 |
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 Goehring & Rozencwajg 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 Goehring & Rozencwajg Resources Fund was 70.61%, occurring on Mar 18, 2020. Recovery took 385 trading sessions.
The current Goehring & Rozencwajg Resources Fund drawdown is 15.38%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -70.61%Mar 2020 | 3y 1mo | 1y 6mo | 4y 7moFeb 2017 - Sep 2021 |
Bear market2022 | -31.47%Jul 2022 | 2mo 18d | 1y 9mo | 1y 11moApr 2022 - Apr 2024 |
2025 selloff2025 | -25.32%Apr 2025 | 10mo 22d | 1mo 29d | 1y 16dMay 2024 - Jun 2025 |
2021 correction2021 | -17.06%Dec 2021 | 1mo 25d | 2mo 10d | 4mo 5dOct 2021 - Feb 2022 |
2026 correction2026 | -15.38%Jun 2026 | 3mo 17d | — | 3mo 22dMar 2026 - now |
Drawdown Indicators
| GRHIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.61% | -56.78% | -13.83% |
Max Drawdown (1Y)Largest decline over 1 year | -15.38% | -9.10% | -6.28% |
Max Drawdown (3Y)Largest decline over 3 years | -25.32% | -18.90% | -6.42% |
Max Drawdown (5Y)Largest decline over 5 years | -31.47% | -25.43% | -6.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -15.38% | -1.80% | -13.58% |
Average DrawdownAverage peak-to-trough decline | -18.19% | -10.71% | -7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.99% | 2.03% | +2.96% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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