GAGEX vs. GRHIX
Compare and contrast key facts about Guinness Atkinson Global Energy Fund (GAGEX) and Goehring & Rozencwajg Resources Fund (GRHIX).
GAGEX is managed by Guinness Atkinson. It was launched on Jun 29, 2004. GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016.
Performance
GAGEX vs. GRHIX - Performance Comparison
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GAGEX vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GAGEX Guinness Atkinson Global Energy Fund | 38.71% | 16.88% | -1.75% | 2.66% | 34.32% | 45.96% | -34.12% | 10.45% | -18.96% | -2.55% |
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, GAGEX achieves a 38.71% return, which is significantly higher than GRHIX's 19.81% return.
GAGEX
- 1D
- -0.09%
- 1M
- 13.36%
- YTD
- 38.71%
- 6M
- 42.07%
- 1Y
- 48.50%
- 3Y*
- 19.32%
- 5Y*
- 21.13%
- 10Y*
- 8.82%
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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GAGEX vs. GRHIX - Expense Ratio Comparison
GAGEX has a 1.46% expense ratio, which is higher than GRHIX's 0.92% expense ratio.
Return for Risk
GAGEX vs. GRHIX — Risk / Return Rank
GAGEX
GRHIX
GAGEX vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Guinness Atkinson Global Energy Fund (GAGEX) 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.
| GAGEX | GRHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.31 | 3.04 | -0.73 |
Sortino ratioReturn per unit of downside risk | 2.80 | 3.41 | -0.62 |
Omega ratioGain probability vs. loss probability | 1.42 | 1.49 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.62 | 5.33 | -2.71 |
Martin ratioReturn relative to average drawdown | 9.35 | 19.81 | -10.47 |
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
| GAGEX | GRHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 3.04 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.92 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.25 | 0.40 | -0.15 |
Correlation
The correlation between GAGEX and GRHIX is 0.77, 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
GAGEX vs. GRHIX - Dividend Comparison
GAGEX's dividend yield for the trailing twelve months is around 2.04%, less than GRHIX's 2.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GAGEX Guinness Atkinson Global Energy Fund | 2.04% | 2.82% | 7.08% | 4.33% | 0.15% | 2.59% | 3.59% | 1.91% | 1.72% | 1.40% | 1.13% | 1.33% |
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
GAGEX vs. GRHIX - Drawdown Comparison
The maximum GAGEX drawdown since its inception was -78.90%, which is greater than GRHIX's maximum drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for GAGEX and GRHIX.
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Drawdown Indicators
| GAGEX | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -78.90% | -70.61% | -8.29% |
Max Drawdown (1Y)Largest decline over 1 year | -18.43% | -16.09% | -2.34% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -31.47% | +5.05% |
Max Drawdown (10Y)Largest decline over 10 years | -69.98% | — | — |
Current DrawdownCurrent decline from peak | -0.09% | -5.24% | +5.15% |
Average DrawdownAverage peak-to-trough decline | -29.43% | -18.49% | -10.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.18% | 4.33% | +0.85% |
Volatility
GAGEX vs. GRHIX - Volatility Comparison
The current volatility for Guinness Atkinson Global Energy Fund (GAGEX) is 4.84%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 7.94%. This indicates that GAGEX 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
| GAGEX | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.84% | 7.94% | -3.10% |
Volatility (6M)Calculated over the trailing 6-month period | 12.45% | 20.96% | -8.51% |
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 | 23.56% | 29.52% | -5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.32% | 29.67% | -2.35% |