GHAAX vs. GOFIX
GHAAX (VanEck Global Resources Fund) and GOFIX (GMO Resources Fund) are both Energy Equities funds. Over the past 10 years, GHAAX returned 5.95%/yr vs 12.38%/yr for GOFIX. Their correlation of 0.84 means they have usually moved in the same direction. GHAAX charges 1.38%/yr vs 0.72%/yr for GOFIX.
Performance
GHAAX vs. GOFIX - Performance Comparison
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Returns By Period
In the year-to-date period, GHAAX achieves a 12.05% return, which is significantly lower than GOFIX's 21.13% return. Over the past 10 years, GHAAX has underperformed GOFIX with an annualized return of 5.95%, while GOFIX has yielded a comparatively higher 12.38% annualized return.
GHAAX
- 1D
- -0.15%
- 1M
- 4.67%
- 6M
- -2.60%
- YTD
- 12.05%
- 1Y
- 34.43%
- 3Y*
- 12.59%
- 5Y*
- 10.03%
- 10Y*
- 5.95%
- ALL TIME*
- 7.62%
GOFIX
- 1D
- -0.35%
- 1M
- 3.89%
- 6M
- 3.15%
- YTD
- 21.13%
- 1Y
- 47.77%
- 3Y*
- 5.93%
- 5Y*
- 6.14%
- 10Y*
- 12.38%
- ALL TIME*
- 7.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
GOFIX GMO Resources Fund | $0.00 | $0.00 | $0.00 |
GHAAX vs. GOFIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHAAX VanEck Global Resources Fund | 12.05% | 36.12% | -3.15% | -3.93% | 7.79% | 18.63% | 18.68% | 11.65% | -29.35% | -1.49% |
GOFIX GMO Resources Fund | 21.13% | 23.10% | -17.91% | -1.38% | -0.80% | 32.01% | 22.47% | 20.10% | -6.73% | 28.42% |
Correlation
The correlation between GHAAX and GOFIX is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (3Y) Balances recent behavior with more history. | 0.81 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2012 | 0.84 |
The correlation between GHAAX and GOFIX shifts across timeframes, from 0.75 (1 year) to 0.86 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
GHAAX vs. GOFIX — Risk / Return Rank
GHAAX
GOFIX
GHAAX vs. GOFIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Resources Fund (GHAAX) 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.
| GHAAX | GOFIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.39 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.67 | 3.35 | -0.67 |
| Martin ratioReturn relative to average drawdown | 7.42 | 10.14 | -2.72 |
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Drawdowns
GHAAX vs. GOFIX - Drawdown Comparison
The maximum GHAAX drawdown since its inception was -74.68%, which is greater than GOFIX's maximum drawdown of -51.77%. Use the drawdown chart below to compare losses from any high point for GHAAX and GOFIX.
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Drawdown Indicators
| GHAAX | GOFIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.68% | -51.77% | -22.91% |
Max Drawdown (1Y)Largest decline over 1 year | -13.63% | -14.51% | +0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -18.65% | -39.13% | +20.48% |
Max Drawdown (5Y)Largest decline over 5 years | -27.74% | -45.10% | +17.36% |
Max Drawdown (10Y)Largest decline over 10 years | -62.93% | -45.98% | -16.95% |
Current DrawdownCurrent decline from peak | -8.08% | -10.94% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -24.61% | -13.55% | -11.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 4.78% | +0.12% |
Volatility
GHAAX vs. GOFIX - Volatility Comparison
The current volatility for VanEck Global Resources Fund (GHAAX) is 4.03%, while GMO Resources Fund (GOFIX) has a volatility of 5.54%. This indicates that GHAAX 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.
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Volatility by Period
| GHAAX | GOFIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 5.54% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 16.65% | 14.90% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.96% | 20.36% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.00% | 25.25% | -2.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.30% | 25.14% | +0.16% |
GHAAX vs. GOFIX - Expense Ratio Comparison
GHAAX has a 1.38% expense ratio, which is higher than GOFIX's 0.72% expense ratio.
Dividends
GHAAX vs. GOFIX - Dividend Comparison
GHAAX's dividend yield for the trailing twelve months is around 1.39%, less than GOFIX's 5.08% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHAAX VanEck Global Resources Fund | 1.39% | 1.56% | 2.95% | 2.33% | 2.53% | 1.35% | 0.53% | 0.89% | 0.00% | 0.00% | 0.03% | 0.51% |
GOFIX GMO Resources Fund | 5.08% | 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
GHAAX and GOFIX have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOFIX has higher volatility (5.54%) compared to GHAAX (4.03%). In terms of maximum drawdown, GHAAX dropped -74.68% vs GOFIX's -51.77%.
GOFIX currently has the higher Sharpe Ratio (2.39 vs 1.74), 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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