BACIX vs. GRHIX
Compare and contrast key facts about BlackRock Energy Opportunities Fund (BACIX) and Goehring & Rozencwajg Resources Fund (GRHIX).
BACIX is managed by BlackRock. It was launched on Feb 15, 2005. GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016.
Performance
BACIX vs. GRHIX - Performance Comparison
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BACIX vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
BACIX BlackRock Energy Opportunities Fund | 36.34% | 11.03% | 4.23% | 2.97% | 43.64% | 43.50% | -29.38% | 13.04% | -19.55% | 1.51% |
GRHIX Goehring & Rozencwajg Resources Fund | 19.81% | 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, BACIX achieves a 36.34% return, which is significantly higher than GRHIX's 19.81% return.
BACIX
- 1D
- -0.46%
- 1M
- 10.35%
- YTD
- 36.34%
- 6M
- 39.26%
- 1Y
- 39.36%
- 3Y*
- 18.93%
- 5Y*
- 22.91%
- 10Y*
- 10.55%
GRHIX
- 1D
- -1.67%
- 1M
- -4.66%
- YTD
- 19.81%
- 6M
- 30.25%
- 1Y
- 88.42%
- 3Y*
- 30.35%
- 5Y*
- 26.90%
- 10Y*
- —
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BACIX vs. GRHIX - Expense Ratio Comparison
BACIX has a 0.91% expense ratio, which is lower than GRHIX's 0.92% expense ratio.
Return for Risk
BACIX vs. GRHIX — Risk / Return Rank
BACIX
GRHIX
BACIX vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Energy Opportunities Fund (BACIX) 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.
| BACIX | GRHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.90 | 3.04 | -1.14 |
Sortino ratioReturn per unit of downside risk | 2.28 | 3.41 | -1.13 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.49 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 2.21 | 5.33 | -3.12 |
Martin ratioReturn relative to average drawdown | 7.42 | 19.81 | -12.40 |
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
| BACIX | GRHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.90 | 3.04 | -1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.92 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.21 | 0.40 | -0.20 |
Correlation
The correlation between BACIX 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
BACIX vs. GRHIX - Dividend Comparison
BACIX's dividend yield for the trailing twelve months is around 2.05%, less than GRHIX's 2.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BACIX BlackRock Energy Opportunities Fund | 2.05% | 2.79% | 2.63% | 3.39% | 2.49% | 2.67% | 3.66% | 3.06% | 3.43% | 2.76% | 2.38% | 2.51% |
GRHIX Goehring & Rozencwajg Resources Fund | 2.83% | 3.39% | 4.02% | 3.19% | 1.21% | 3.25% | 2.03% | 0.57% | 1.18% | 0.51% | 0.00% | 0.00% |
Drawdowns
BACIX vs. GRHIX - Drawdown Comparison
The maximum BACIX drawdown since its inception was -77.81%, which is greater than GRHIX's maximum drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for BACIX and GRHIX.
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Drawdown Indicators
| BACIX | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.81% | -70.61% | -7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -17.60% | -16.09% | -1.51% |
Max Drawdown (5Y)Largest decline over 5 years | -25.76% | -31.47% | +5.71% |
Max Drawdown (10Y)Largest decline over 10 years | -65.65% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -5.24% | +4.78% |
Average DrawdownAverage peak-to-trough decline | -32.59% | -18.49% | -14.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.26% | 4.33% | +0.93% |
Volatility
BACIX vs. GRHIX - Volatility Comparison
The current volatility for BlackRock Energy Opportunities Fund (BACIX) is 4.26%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 7.94%. This indicates that BACIX 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
| BACIX | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.26% | 7.94% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 11.58% | 20.96% | -9.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.56% | 29.30% | -7.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.61% | 29.52% | -5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.17% | 29.67% | -2.50% |