GOFIX vs. GRHIX
Compare and contrast key facts about GMO Resources Fund (GOFIX) and Goehring & Rozencwajg Resources Fund (GRHIX).
GOFIX is managed by GMO. It was launched on Dec 27, 2011. GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016.
Performance
GOFIX vs. GRHIX - Performance Comparison
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GOFIX vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GOFIX GMO Resources Fund | 27.66% | 23.10% | -17.91% | -1.38% | -0.80% | 32.01% | 22.47% | 20.10% | -6.73% | 26.20% |
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, GOFIX achieves a 27.66% return, which is significantly higher than GRHIX's 19.81% return.
GOFIX
- 1D
- -0.22%
- 1M
- 4.63%
- YTD
- 27.66%
- 6M
- 39.62%
- 1Y
- 67.01%
- 3Y*
- 9.07%
- 5Y*
- 8.33%
- 10Y*
- 14.36%
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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GOFIX vs. GRHIX - Expense Ratio Comparison
GOFIX has a 0.72% expense ratio, which is lower than GRHIX's 0.92% expense ratio.
Return for Risk
GOFIX vs. GRHIX — Risk / Return Rank
GOFIX
GRHIX
GOFIX vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for GMO Resources Fund (GOFIX) 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.
| GOFIX | GRHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.44 | 3.04 | -0.60 |
Sortino ratioReturn per unit of downside risk | 2.98 | 3.41 | -0.43 |
Omega ratioGain probability vs. loss probability | 1.43 | 1.49 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 3.19 | 5.33 | -2.15 |
Martin ratioReturn relative to average drawdown | 14.88 | 19.81 | -4.94 |
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
| GOFIX | GRHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 3.04 | -0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.92 | -0.59 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.40 | -0.07 |
Correlation
The correlation between GOFIX and GRHIX is 0.79, 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
GOFIX vs. GRHIX - Dividend Comparison
GOFIX's dividend yield for the trailing twelve months is around 3.43%, more than GRHIX's 2.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOFIX GMO Resources Fund | 3.43% | 4.38% | 3.01% | 5.90% | 10.25% | 17.81% | 3.66% | 2.99% | 4.06% | 3.86% | 2.89% | 3.30% |
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
GOFIX vs. GRHIX - Drawdown Comparison
The maximum GOFIX drawdown since its inception was -51.77%, smaller than the maximum GRHIX drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for GOFIX and GRHIX.
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Drawdown Indicators
| GOFIX | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.77% | -70.61% | +18.84% |
Max Drawdown (1Y)Largest decline over 1 year | -19.68% | -16.09% | -3.59% |
Max Drawdown (5Y)Largest decline over 5 years | -45.10% | -31.47% | -13.63% |
Max Drawdown (10Y)Largest decline over 10 years | -45.98% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -5.24% | +5.02% |
Average DrawdownAverage peak-to-trough decline | -13.75% | -18.49% | +4.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.22% | 4.33% | -0.11% |
Volatility
GOFIX vs. GRHIX - Volatility Comparison
The current volatility for GMO Resources Fund (GOFIX) is 5.63%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 7.94%. This indicates that GOFIX 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
| GOFIX | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.63% | 7.94% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 15.50% | 20.96% | -5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.99% | 29.30% | -2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.30% | 29.52% | -4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.56% | 29.67% | -4.11% |