GGN vs. BCX
GGN (GAMCO Global Gold, Natural Resources and Income Trust) and BCX (Blackrock Resources & Commodities Strategy Trust) are both mutual funds - GGN is a Gold fund managed by Gabelli, while BCX is a Natural Resources fund managed by BlackRock. Over the past 10 years, GGN returned 7.98%/yr vs 11.20%/yr for BCX. A 0.50 correlation means they provide meaningful diversification when combined. GGN charges 0.01%/yr vs 1.10%/yr for BCX.
Performance
GGN vs. BCX - Performance Comparison
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Returns By Period
In the year-to-date period, GGN achieves a -4.80% return, which is significantly lower than BCX's 1.95% return. Over the past 10 years, GGN has underperformed BCX with an annualized return of 7.98%, while BCX has yielded a comparatively higher 11.20% annualized return.
GGN
- 1D
- -2.06%
- 1M
- -7.20%
- YTD
- -4.80%
- 6M
- -7.49%
- 1Y
- 17.43%
- 3Y*
- 18.78%
- 5Y*
- 12.93%
- 10Y*
- 7.98%
BCX
- 1D
- -4.75%
- 1M
- -9.60%
- YTD
- 1.95%
- 6M
- 1.67%
- 1Y
- 25.08%
- 3Y*
- 14.63%
- 5Y*
- 9.62%
- 10Y*
- 11.20%
GGN vs. BCX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GGN GAMCO Global Gold, Natural Resources and Income Trust | -4.80% | 48.19% | 9.59% | 15.01% | 6.80% | 17.41% | -8.62% | 36.59% | -19.53% | 9.54% |
BCX Blackrock Resources & Commodities Strategy Trust | 1.95% | 40.37% | 3.18% | -4.79% | 12.80% | 32.90% | 0.04% | 23.80% | -22.55% | 26.76% |
Correlation
The correlation between GGN and BCX is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since Mar 29, 2011 | 0.50 |
The correlation between GGN and BCX shifts across timeframes, from 0.46 (3 years) to 0.58 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
GGN vs. BCX — Risk / Return Rank
GGN
BCX
GGN vs. BCX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GAMCO Global Gold, Natural Resources and Income Trust (GGN) and Blackrock Resources & Commodities Strategy Trust (BCX). 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.
| GGN | BCX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.55 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.24 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.03 | 1.34 | -0.30 |
| Martin ratioReturn relative to average drawdown | 2.84 | 4.06 | -1.22 |
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Drawdowns
GGN vs. BCX - Drawdown Comparison
The maximum GGN drawdown since its inception was -73.04%, which is greater than BCX's maximum drawdown of -62.36%. Use the drawdown chart below to compare losses from any high point for GGN and BCX.
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Drawdown Indicators
| GGN | BCX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.04% | -62.36% | -10.68% |
Max Drawdown (1Y)Largest decline over 1 year | -16.94% | -18.85% | +1.91% |
Max Drawdown (3Y)Largest decline over 3 years | -16.94% | -18.85% | +1.91% |
Max Drawdown (5Y)Largest decline over 5 years | -22.08% | -29.22% | +7.14% |
Max Drawdown (10Y)Largest decline over 10 years | -53.04% | -59.23% | +6.19% |
Current DrawdownCurrent decline from peak | -16.94% | -18.85% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -31.74% | -19.61% | -12.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.15% | 6.19% | -0.04% |
Volatility
GGN vs. BCX - Volatility Comparison
GAMCO Global Gold, Natural Resources and Income Trust (GGN) and Blackrock Resources & Commodities Strategy Trust (BCX) have volatilities of 7.37% and 7.07%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GGN | BCX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.37% | 7.07% | +0.30% |
Volatility (6M)Calculated over the trailing 6-month period | 19.67% | 17.05% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.79% | 19.43% | +4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.22% | 21.47% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.10% | 23.57% | -0.47% |
GGN vs. BCX - Expense Ratio Comparison
GGN has a 0.02% expense ratio, which is lower than BCX's 1.10% expense ratio.
Dividends
GGN vs. BCX - Dividend Comparison
GGN's dividend yield for the trailing twelve months is around 7.58%, less than BCX's 7.73% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BCX Blackrock Resources & Commodities Strategy Trust | 7.73% | 7.62% | 7.49% | 7.00% | 5.52% | 5.13% | 7.10% | 7.67% | 8.77% | 6.19% | 6.98% | 11.38% |
GGN GAMCO Global Gold, Natural Resources and Income Trust | 7.58% | 6.98% | 9.55% | 10.37% | 9.92% | 9.60% | 13.68% | 13.64% | 16.22% | 11.52% | 15.85% | 17.68% |
Frequently Asked Questions
GGN and BCX have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GGN has higher volatility (7.37%) compared to BCX (7.07%). In terms of maximum drawdown, GGN dropped -73.04% vs BCX's -62.36%.
BCX currently has the higher Sharpe Ratio (1.30 vs 0.74), 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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