FLIAX vs. GOFIX

Last updated Jun 23, 2026

FLIAX (First Sentier American Listed Infrastructure Fund) and GOFIX (GMO Resources Fund) are both Energy Equities funds. Over the past 5 years, FLIAX returned 6.33%/yr vs 6.63%/yr for GOFIX. At a 0.41 correlation, their price movements are largely independent. FLIAX charges 0.75%/yr vs 0.72%/yr for GOFIX.

Performance

FLIAX vs. GOFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Sentier American Listed Infrastructure Fund (FLIAX) and GMO Resources Fund (GOFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLIAX achieves a 12.39% return, which is significantly lower than GOFIX's 22.71% return.

FLIAX

• 1D: -0.27%
• 1M: -2.81%
• YTD: 12.39%
• 6M: 13.07%
• 1Y: 8.21%
• 3Y*: 9.70%
• 5Y*: 6.33%
• 10Y*: —

GOFIX

• 1D: -0.82%
• 1M: -6.83%
• YTD: 22.71%
• 6M: 23.28%
• 1Y: 53.57%
• 3Y*: 6.79%
• 5Y*: 6.63%
• 10Y*: 12.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FLIAX vs. GOFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
FLIAX First Sentier American Listed Infrastructure Fund	12.39%	-0.20%	12.21%	0.59%	-5.85%	24.12%
GOFIX GMO Resources Fund	22.71%	23.10%	-17.91%	-1.38%	-0.80%	20.32%

Correlation

The correlation between FLIAX and GOFIX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.42
Correlation (All Time) Calculated using the full available price history since Jan 25, 2021	0.41

The correlation between FLIAX and GOFIX shifts across timeframes, from 0.24 (1 year) to 0.42 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

FLIAX vs. GOFIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FLIAX

FLIAX Risk / Return Rank: 8
FLIAX Sharpe Ratio Rank: 8
FLIAX Sortino Ratio Rank: 7
FLIAX Omega Ratio Rank: 9
FLIAX Calmar Ratio Rank: 8
FLIAX Martin Ratio Rank: 9

GOFIX

GOFIX Risk / Return Rank: 84
GOFIX Sharpe Ratio Rank: 85
GOFIX Sortino Ratio Rank: 76
GOFIX Omega Ratio Rank: 69
GOFIX Calmar Ratio Rank: 95
GOFIX Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FLIAX vs. GOFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Sentier American Listed Infrastructure Fund (FLIAX) and GMO Resources Fund (GOFIX). 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.

	FLIAX	GOFIX	Difference
Sharpe ratio: Return per unit of total volatility	0.62	2.57	-1.95
Sortino ratio: Return per unit of downside risk	0.85	3.33	-2.48
Omega ratio: Gain probability vs. loss probability	1.14	1.42	-0.29
Calmar ratio: Return relative to maximum drawdown	0.78	5.38	-4.61
Martin ratio: Return relative to average drawdown	2.56	22.71	-20.14

FLIAX vs. GOFIX - Sharpe Ratio Comparison

The current FLIAX Sharpe Ratio is 0.62, which is lower than the GOFIX Sharpe Ratio of 2.57. The chart below compares the historical Sharpe Ratios of FLIAX and GOFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FLIAX vs. GOFIX - Drawdown Comparison

The maximum FLIAX drawdown since its inception was -23.23%, smaller than the maximum GOFIX drawdown of -51.77%. Use the drawdown chart below to compare losses from any high point for FLIAX and GOFIX.

Drawdown Indicators

	FLIAX	GOFIX	Difference
Max Drawdown Largest peak-to-trough decline	-23.23%	-51.77%	+28.54%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-9.78%	-2.72%
Max Drawdown (3Y) Largest decline over 3 years	-14.12%	-41.28%	+27.16%
Max Drawdown (5Y) Largest decline over 5 years	-23.23%	-45.10%	+21.87%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.98%	—
Current Drawdown Current decline from peak	-4.32%	-9.78%	+5.46%
Average Drawdown Average peak-to-trough decline	-6.42%	-13.56%	+7.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.59%	2.32%	+1.27%

Volatility

FLIAX vs. GOFIX - Volatility Comparison

The current volatility for First Sentier American Listed Infrastructure Fund (FLIAX) is 4.23%, while GMO Resources Fund (GOFIX) has a volatility of 6.63%. This indicates that FLIAX experiences smaller price fluctuations and is considered to be less risky than GOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FLIAX	GOFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	6.63%	-2.40%
Volatility (6M) Calculated over the trailing 6-month period	13.60%	15.13%	-1.53%
Volatility (1Y) Calculated over the trailing 1-year period	15.62%	20.49%	-4.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.08%	25.30%	-9.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.81%	25.30%	-9.49%

FLIAX vs. GOFIX - Expense Ratio Comparison

FLIAX has a 0.75% expense ratio, which is higher than GOFIX's 0.72% expense ratio.

Dividends

FLIAX vs. GOFIX - Dividend Comparison

FLIAX has not paid dividends to shareholders, while GOFIX's dividend yield for the trailing twelve months is around 3.57%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FLIAX First Sentier American Listed Infrastructure Fund	0.00%	0.00%	6.21%	2.90%	19.90%	5.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GOFIX GMO Resources Fund	3.57%	4.38%	3.01%	5.90%	10.25%	17.81%	3.66%	2.99%	4.06%	3.86%	2.89%	3.30%

Frequently Asked Questions

Can I hold both FLIAX and GOFIX in my portfolio?

FLIAX and GOFIX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FLIAX or GOFIX?

GOFIX has higher volatility (6.63%) compared to FLIAX (4.23%). In terms of maximum drawdown, FLIAX dropped -23.23% vs GOFIX's -51.77%.

Which has better risk-adjusted returns?

GOFIX currently has the higher Sharpe Ratio (2.57 vs 0.62), 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.