GHAAX vs. DGRO
GHAAX (VanEck Global Resources Fund) and DGRO (iShares Core Dividend Growth ETF) are both funds - GHAAX is a Energy Equities fund managed by VanEck, while DGRO is a Large Cap Growth Equities fund tracking the Morningstar US Dividend Growth Index. Over the past 10 years, GHAAX returned 6.45%/yr vs 13.44%/yr for DGRO. Their 0.59 correlation means they have sometimes moved together and sometimes differently. GHAAX charges 1.38%/yr vs 0.08%/yr for DGRO.
Performance
GHAAX vs. DGRO - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with GHAAX having a 13.03% return and DGRO slightly higher at 13.39%. Over the past 10 years, GHAAX has underperformed DGRO with an annualized return of 6.45%, while DGRO has yielded a comparatively higher 13.44% annualized return.
GHAAX
- 1D
- 1.25%
- 1M
- 5.59%
- 6M
- 1.38%
- YTD
- 13.03%
- 1Y
- 37.47%
- 3Y*
- 12.00%
- 5Y*
- 10.04%
- 10Y*
- 6.45%
- ALL TIME*
- 7.65%
DGRO
- 1D
- -0.28%
- 1M
- 0.97%
- 6M
- 9.59%
- YTD
- 13.39%
- 1Y
- 24.21%
- 3Y*
- 16.30%
- 5Y*
- 11.08%
- 10Y*
- 13.44%
- ALL TIME*
- 12.47%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $103.52M | $104.25M | $110.17M | |
| $0.00 | $0.00 | $0.00 |
GHAAX vs. DGRO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHAAX VanEck Global Resources Fund | 13.03% | 36.12% | -3.15% | -3.93% | 7.79% | 18.63% | 18.68% | 11.65% | -29.35% | -1.49% |
DGRO iShares Core Dividend Growth ETF | 13.39% | 15.69% | 16.62% | 10.47% | -7.91% | 26.64% | 9.50% | 29.87% | -2.38% | 23.00% |
Correlation
The correlation between GHAAX and DGRO is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.59 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.59 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2014 | 0.59 |
The correlation between GHAAX and DGRO shifts across timeframes, from 0.46 (1 year) to 0.59 (10 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GHAAX vs. DGRO — Risk / Return Rank
GHAAX
DGRO
GHAAX vs. DGRO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Resources Fund (GHAAX) and iShares Core Dividend Growth ETF (DGRO). 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.
| GHAAX | DGRO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.45 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 3.61 | -1.00 |
| Martin ratioReturn relative to average drawdown | 7.32 | 14.07 | -6.74 |
Loading charts...
Drawdowns
GHAAX vs. DGRO - Drawdown Comparison
The maximum GHAAX drawdown since its inception was -74.68%, which is greater than DGRO's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for GHAAX and DGRO.
Loading charts...
Drawdown Indicators
| GHAAX | DGRO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.68% | -35.10% | -39.58% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -6.47% | -7.16% |
Max Drawdown (3Y)Largest decline over 3 years | -18.65% | -14.03% | -4.62% |
Max Drawdown (5Y)Largest decline over 5 years | -27.74% | -19.31% | -8.43% |
Max Drawdown (10Y)Largest decline over 10 years | -62.93% | -35.10% | -27.83% |
Current DrawdownCurrent decline from peak | -7.28% | -1.35% | -5.93% |
Average DrawdownAverage peak-to-trough decline | -24.61% | -3.41% | -21.20% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.85% | 1.66% | +3.19% |
Volatility
GHAAX vs. DGRO - Volatility Comparison
VanEck Global Resources Fund (GHAAX) has a higher volatility of 4.39% compared to iShares Core Dividend Growth ETF (DGRO) at 3.21%. This indicates that GHAAX's price experiences larger fluctuations and is considered to be riskier than DGRO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| GHAAX | DGRO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.39% | 3.21% | +1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 17.36% | 7.12% | +10.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.01% | 9.61% | +11.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.02% | 13.79% | +9.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.31% | 16.58% | +8.73% |
GHAAX vs. DGRO - Expense Ratio Comparison
GHAAX has a 1.38% expense ratio, which is higher than DGRO's 0.08% expense ratio.
Dividends
GHAAX vs. DGRO - Dividend Comparison
GHAAX's dividend yield for the trailing twelve months is around 1.38%, less than DGRO's 1.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGRO iShares Core Dividend Growth ETF | 1.89% | 2.09% | 2.26% | 2.45% | 2.34% | 1.93% | 2.30% | 2.21% | 2.44% | 2.03% | 2.27% | 2.52% |
GHAAX VanEck Global Resources Fund | 1.38% | 1.56% | 2.95% | 2.33% | 2.53% | 1.35% | 0.53% | 0.89% | 0.00% | 0.00% | 0.03% | 0.51% |
Frequently Asked Questions
GHAAX and DGRO have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GHAAX has higher volatility (4.39%) compared to DGRO (3.21%). In terms of maximum drawdown, GHAAX dropped -74.68% vs DGRO's -35.10%.
DGRO currently has the higher Sharpe Ratio (2.44 vs 1.70), 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.
Find the right allocation for GHAAX and DGRO
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer