GHAAX vs. RYEIX
Compare and contrast key facts about VanEck Global Resources Fund (GHAAX) and Rydex Energy Fund (RYEIX).
GHAAX is managed by VanEck. It was launched on Nov 1, 1994. RYEIX is managed by Rydex Funds. It was launched on Apr 20, 1998.
Performance
GHAAX vs. RYEIX - Performance Comparison
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GHAAX vs. RYEIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GHAAX VanEck Global Resources Fund | 13.30% | 36.12% | -3.15% | -3.93% | 7.79% | 18.63% | 18.68% | 11.65% | -29.35% | -1.49% |
RYEIX Rydex Energy Fund | 37.40% | 6.96% | 0.49% | 1.87% | 49.54% | 50.70% | -34.24% | 6.50% | -25.31% | -6.17% |
Returns By Period
In the year-to-date period, GHAAX achieves a 13.30% return, which is significantly lower than RYEIX's 37.40% return. Both investments have delivered pretty close results over the past 10 years, with GHAAX having a 8.20% annualized return and RYEIX not far behind at 8.05%.
GHAAX
- 1D
- -0.58%
- 1M
- -6.62%
- YTD
- 13.30%
- 6M
- 20.69%
- 1Y
- 43.50%
- 3Y*
- 13.98%
- 5Y*
- 10.63%
- 10Y*
- 8.20%
RYEIX
- 1D
- -1.73%
- 1M
- 11.19%
- YTD
- 37.40%
- 6M
- 37.42%
- 1Y
- 44.04%
- 3Y*
- 16.65%
- 5Y*
- 21.40%
- 10Y*
- 8.05%
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GHAAX vs. RYEIX - Expense Ratio Comparison
GHAAX has a 1.38% expense ratio, which is higher than RYEIX's 1.36% expense ratio.
Return for Risk
GHAAX vs. RYEIX — Risk / Return Rank
GHAAX
RYEIX
GHAAX vs. RYEIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Global Resources Fund (GHAAX) and Rydex Energy Fund (RYEIX). 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.
| GHAAX | RYEIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.87 | 1.80 | +0.07 |
Sortino ratioReturn per unit of downside risk | 2.32 | 2.29 | +0.03 |
Omega ratioGain probability vs. loss probability | 1.37 | 1.34 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 2.90 | 2.19 | +0.71 |
Martin ratioReturn relative to average drawdown | 12.93 | 7.78 | +5.14 |
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
| GHAAX | RYEIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 1.80 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.81 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.25 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.18 | +0.13 |
Correlation
The correlation between GHAAX and RYEIX is 0.88, 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
GHAAX vs. RYEIX - Dividend Comparison
GHAAX's dividend yield for the trailing twelve months is around 1.37%, less than RYEIX's 1.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GHAAX VanEck Global Resources Fund | 1.37% | 1.56% | 2.95% | 2.33% | 2.53% | 1.35% | 0.53% | 0.89% | 0.00% | 0.00% | 0.03% | 0.51% |
RYEIX Rydex Energy Fund | 1.83% | 2.51% | 3.84% | 2.68% | 2.55% | 0.50% | 2.38% | 0.78% | 0.81% | 0.71% | 0.62% | 0.43% |
Drawdowns
GHAAX vs. RYEIX - Drawdown Comparison
The maximum GHAAX drawdown since its inception was -74.68%, smaller than the maximum RYEIX drawdown of -83.50%. Use the drawdown chart below to compare losses from any high point for GHAAX and RYEIX.
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Drawdown Indicators
| GHAAX | RYEIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -74.68% | -83.50% | +8.82% |
Max Drawdown (1Y)Largest decline over 1 year | -14.44% | -20.09% | +5.65% |
Max Drawdown (5Y)Largest decline over 5 years | -27.74% | -26.94% | -0.80% |
Max Drawdown (10Y)Largest decline over 10 years | -62.93% | -74.93% | +12.00% |
Current DrawdownCurrent decline from peak | -7.06% | -1.73% | -5.33% |
Average DrawdownAverage peak-to-trough decline | -24.81% | -28.77% | +3.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.24% | 5.65% | -2.41% |
Volatility
GHAAX vs. RYEIX - Volatility Comparison
VanEck Global Resources Fund (GHAAX) has a higher volatility of 7.33% compared to Rydex Energy Fund (RYEIX) at 5.16%. This indicates that GHAAX's price experiences larger fluctuations and is considered to be riskier than RYEIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GHAAX | RYEIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.33% | 5.16% | +2.17% |
Volatility (6M)Calculated over the trailing 6-month period | 17.82% | 14.08% | +3.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.46% | 25.16% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.25% | 26.72% | -3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.58% | 31.88% | -6.30% |