DLDRX vs. GRHIX
DLDRX (BNY Mellon Natural Resources Fund) and GRHIX (Goehring & Rozencwajg Resources Fund) are both Energy Equities funds. Over the past 5 years, DLDRX returned 17.76%/yr vs 21.40%/yr for GRHIX. Their correlation of 0.87 means they have usually moved in the same direction. DLDRX charges 0.91%/yr vs 0.92%/yr for GRHIX.
Performance
DLDRX vs. GRHIX - Performance Comparison
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Returns By Period
In the year-to-date period, DLDRX achieves a 21.71% return, which is significantly higher than GRHIX's 6.31% return.
DLDRX
- 1D
- -0.66%
- 1M
- 5.99%
- 6M
- 8.00%
- YTD
- 21.71%
- 1Y
- 43.66%
- 3Y*
- 10.40%
- 5Y*
- 17.76%
- 10Y*
- 13.12%
- ALL TIME*
- 11.08%
GRHIX
- 1D
- 0.29%
- 1M
- 3.67%
- 6M
- -5.35%
- YTD
- 6.31%
- 1Y
- 44.40%
- 3Y*
- 20.50%
- 5Y*
- 21.40%
- 10Y*
- —
- ALL TIME*
- 10.09%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
DLDRX vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DLDRX BNY Mellon Natural Resources Fund | 21.71% | 15.04% | 0.81% | 1.58% | 34.18% | 38.30% | 6.58% | 16.64% | -17.57% | 14.05% |
GRHIX Goehring & Rozencwajg Resources Fund | 6.31% | 61.65% | -1.51% | 16.61% | 16.38% | 62.15% | -2.74% | 0.01% | -30.03% | -0.96% |
Correlation
The correlation between DLDRX and GRHIX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.82 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.87 |
The correlation between DLDRX and GRHIX has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
DLDRX vs. GRHIX — Risk / Return Rank
DLDRX
GRHIX
DLDRX vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Natural Resources Fund (DLDRX) 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.
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.
| DLDRX | GRHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.27 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 2.09 | +1.61 |
| Martin ratioReturn relative to average drawdown | 11.59 | 5.46 | +6.13 |
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Drawdowns
DLDRX vs. GRHIX - Drawdown Comparison
The maximum DLDRX drawdown since its inception was -69.13%, roughly equal to the maximum GRHIX drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for DLDRX and GRHIX.
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Drawdown Indicators
| DLDRX | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -69.13% | -70.61% | +1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.26% | -20.26% | +9.00% |
Max Drawdown (3Y)Largest decline over 3 years | -32.44% | -25.32% | -7.12% |
Max Drawdown (5Y)Largest decline over 5 years | -32.44% | -31.47% | -0.97% |
Max Drawdown (10Y)Largest decline over 10 years | -54.24% | — | — |
Current DrawdownCurrent decline from peak | -4.75% | -15.91% | +11.16% |
Average DrawdownAverage peak-to-trough decline | -20.67% | -18.18% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.59% | 7.74% | -4.15% |
Volatility
DLDRX vs. GRHIX - Volatility Comparison
The current volatility for BNY Mellon Natural Resources Fund (DLDRX) is 4.44%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 6.20%. This indicates that DLDRX 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
| DLDRX | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.44% | 6.20% | -1.76% |
Volatility (6M)Calculated over the trailing 6-month period | 14.21% | 19.00% | -4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.94% | 25.64% | -6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.46% | 28.89% | -3.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.47% | 29.42% | -3.95% |
DLDRX vs. GRHIX - Expense Ratio Comparison
DLDRX has a 0.91% expense ratio, which is lower than GRHIX's 0.92% expense ratio.
Dividends
DLDRX vs. GRHIX - Dividend Comparison
DLDRX's dividend yield for the trailing twelve months is around 1.92%, less than GRHIX's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLDRX BNY Mellon Natural Resources Fund | 1.92% | 2.33% | 7.45% | 12.42% | 9.66% | 5.07% | 1.11% | 2.16% | 1.87% | 0.63% | 1.44% | 1.25% |
GRHIX Goehring & Rozencwajg Resources Fund | 3.19% | 3.39% | 4.02% | 3.19% | 1.21% | 3.25% | 2.03% | 0.57% | 1.18% | 0.51% | 0.00% | 0.00% |
Frequently Asked Questions
DLDRX and GRHIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRHIX has higher volatility (6.20%) compared to DLDRX (4.44%). In terms of maximum drawdown, DLDRX dropped -69.13% vs GRHIX's -70.61%.
DLDRX currently has the higher Sharpe Ratio (2.20 vs 1.65), 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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