BACAX vs. GRHIX
Compare and contrast key facts about BlackRock Energy Opportunities Fund (BACAX) and Goehring & Rozencwajg Resources Fund (GRHIX).
BACAX is managed by BlackRock. It was launched on Feb 16, 2005. GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016.
Performance
BACAX vs. GRHIX - Performance Comparison
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BACAX vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 35.80% | 10.53% | 3.78% | 2.61% | 43.02% | 42.93% | -29.68% | 12.64% | -19.98% | 1.10% |
GRHIX Goehring & Rozencwajg Resources Fund | 21.33% | 61.65% | -1.51% | 16.61% | 16.38% | 62.15% | -2.74% | 0.01% | -30.03% | -0.96% |
Returns By Period
In the year-to-date period, BACAX achieves a 35.80% return, which is significantly higher than GRHIX's 21.33% return.
BACAX
- 1D
- -0.37%
- 1M
- 8.11%
- YTD
- 35.80%
- 6M
- 38.56%
- 1Y
- 37.54%
- 3Y*
- 18.29%
- 5Y*
- 21.83%
- 10Y*
- 10.05%
GRHIX
- 1D
- 1.27%
- 1M
- -4.03%
- YTD
- 21.33%
- 6M
- 30.10%
- 1Y
- 89.80%
- 3Y*
- 30.90%
- 5Y*
- 26.38%
- 10Y*
- —
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BACAX vs. GRHIX - Expense Ratio Comparison
BACAX has a 1.32% expense ratio, which is higher than GRHIX's 0.92% expense ratio.
Return for Risk
BACAX vs. GRHIX — Risk / Return Rank
BACAX
GRHIX
BACAX vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy Opportunities Fund (BACAX) and Goehring & Rozencwajg Resources Fund (GRHIX). 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.
| BACAX | GRHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.80 | 3.12 | -1.33 |
Sortino ratioReturn per unit of downside risk | 2.18 | 3.48 | -1.30 |
Omega ratioGain probability vs. loss probability | 1.35 | 1.50 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 5.65 | -3.44 |
Martin ratioReturn relative to average drawdown | 7.36 | 20.93 | -13.57 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BACAX | GRHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.80 | 3.12 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.90 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.37 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.19 | 0.41 | -0.22 |
Correlation
The correlation between BACAX and GRHIX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BACAX vs. GRHIX - Dividend Comparison
BACAX's dividend yield for the trailing twelve months is around 1.82%, less than GRHIX's 2.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACAX BlackRock Energy Opportunities Fund | 1.82% | 2.47% | 2.29% | 3.06% | 2.21% | 2.39% | 3.38% | 2.69% | 2.87% | 2.48% | 1.95% | 1.98% |
GRHIX Goehring & Rozencwajg Resources Fund | 2.80% | 3.39% | 4.02% | 3.19% | 1.21% | 3.25% | 2.03% | 0.57% | 1.18% | 0.51% | 0.00% | 0.00% |
Drawdowns
BACAX vs. GRHIX - Drawdown Comparison
The maximum BACAX drawdown since its inception was -78.88%, which is greater than GRHIX's maximum drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for BACAX and GRHIX.
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Drawdown Indicators
| BACAX | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.88% | -70.61% | -8.27% |
Max Drawdown (1Y)Largest decline over 1 year | -17.54% | -16.02% | -1.52% |
Max Drawdown (5Y)Largest decline over 5 years | -25.74% | -31.47% | +5.73% |
Max Drawdown (10Y)Largest decline over 10 years | -65.92% | — | — |
Current DrawdownCurrent decline from peak | -0.84% | -4.03% | +3.19% |
Average DrawdownAverage peak-to-trough decline | -34.51% | -18.48% | -16.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 4.34% | +0.92% |
Volatility
BACAX vs. GRHIX - Volatility Comparison
The current volatility for BlackRock Energy Opportunities Fund (BACAX) is 4.19%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 8.04%. This indicates that BACAX experiences smaller price fluctuations and is considered to be less risky than GRHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BACAX | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 8.04% | -3.85% |
Volatility (6M)Calculated over the trailing 6-month period | 11.43% | 20.99% | -9.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.56% | 29.26% | -7.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.63% | 29.52% | -5.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.17% | 29.67% | -2.50% |