FNARX vs. GRHIX
Compare and contrast key facts about Fidelity Natural Resources Fund (FNARX) and Goehring & Rozencwajg Resources Fund (GRHIX).
FNARX is managed by Fidelity. It was launched on Mar 3, 1997. GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016.
Performance
FNARX vs. GRHIX - Performance Comparison
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FNARX vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNARX Fidelity Natural Resources Fund | 30.09% | 28.67% | 3.76% | 6.41% | 41.01% | 39.34% | -20.86% | 19.09% | -24.28% | -1.69% |
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, FNARX achieves a 30.09% return, which is significantly higher than GRHIX's 21.33% return.
FNARX
- 1D
- 1.02%
- 1M
- 2.94%
- YTD
- 30.09%
- 6M
- 34.26%
- 1Y
- 51.80%
- 3Y*
- 22.10%
- 5Y*
- 24.94%
- 10Y*
- 12.75%
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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FNARX vs. GRHIX - Expense Ratio Comparison
FNARX has a 0.82% expense ratio, which is lower than GRHIX's 0.92% expense ratio.
Return for Risk
FNARX vs. GRHIX — Risk / Return Rank
FNARX
GRHIX
FNARX vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Natural Resources Fund (FNARX) 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.
| FNARX | GRHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.44 | 3.12 | -0.69 |
Sortino ratioReturn per unit of downside risk | 2.97 | 3.48 | -0.51 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.50 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.16 | 5.65 | -2.49 |
Martin ratioReturn relative to average drawdown | 14.80 | 20.93 | -6.13 |
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
| FNARX | GRHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 3.12 | -0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.90 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.41 | -0.10 |
Correlation
The correlation between FNARX and GRHIX is 0.87, 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
FNARX vs. GRHIX - Dividend Comparison
FNARX's dividend yield for the trailing twelve months is around 1.45%, less than GRHIX's 2.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FNARX Fidelity Natural Resources Fund | 1.45% | 1.89% | 1.51% | 1.60% | 2.42% | 1.46% | 1.79% | 1.42% | 1.17% | 1.38% | 0.62% | 0.78% |
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
FNARX vs. GRHIX - Drawdown Comparison
The maximum FNARX drawdown since its inception was -71.04%, roughly equal to the maximum GRHIX drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for FNARX and GRHIX.
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Drawdown Indicators
| FNARX | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.04% | -70.61% | -0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.94% | -16.02% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -29.93% | -31.47% | +1.54% |
Max Drawdown (10Y)Largest decline over 10 years | -64.10% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.03% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -20.15% | -18.48% | -1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.61% | 4.34% | -0.73% |
Volatility
FNARX vs. GRHIX - Volatility Comparison
The current volatility for Fidelity Natural Resources Fund (FNARX) is 4.95%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 8.04%. This indicates that FNARX 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
| FNARX | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.95% | 8.04% | -3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 20.99% | -6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.75% | 29.26% | -7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.17% | 29.52% | -4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.08% | 29.67% | -2.59% |