GRHIX vs. AVALX
Compare and contrast key facts about Goehring & Rozencwajg Resources Fund (GRHIX) and Aegis Value Fund (AVALX).
GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016. AVALX is managed by Aegis. It was launched on May 15, 1998.
Performance
GRHIX vs. AVALX - Performance Comparison
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GRHIX vs. AVALX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
AVALX Aegis Value Fund | 13.53% | 67.06% | 8.29% | 13.11% | 10.50% | 37.67% | 18.89% | 25.67% | -16.95% | 15.24% |
Returns By Period
In the year-to-date period, GRHIX achieves a 19.81% return, which is significantly higher than AVALX's 13.53% return.
GRHIX
- 1D
- -1.67%
- 1M
- -4.66%
- YTD
- 19.81%
- 6M
- 30.25%
- 1Y
- 88.42%
- 3Y*
- 30.35%
- 5Y*
- 26.90%
- 10Y*
- —
AVALX
- 1D
- -0.54%
- 1M
- -4.89%
- YTD
- 13.53%
- 6M
- 24.20%
- 1Y
- 69.86%
- 3Y*
- 28.86%
- 5Y*
- 25.16%
- 10Y*
- 21.54%
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GRHIX vs. AVALX - Expense Ratio Comparison
GRHIX has a 0.92% expense ratio, which is lower than AVALX's 1.50% expense ratio.
Return for Risk
GRHIX vs. AVALX — Risk / Return Rank
GRHIX
AVALX
GRHIX vs. AVALX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goehring & Rozencwajg Resources Fund (GRHIX) and Aegis Value Fund (AVALX). 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.
| GRHIX | AVALX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.04 | 3.30 | -0.26 |
Sortino ratioReturn per unit of downside risk | 3.41 | 3.95 | -0.53 |
Omega ratioGain probability vs. loss probability | 1.49 | 1.59 | -0.10 |
Calmar ratioReturn relative to maximum drawdown | 5.33 | 5.11 | +0.22 |
Martin ratioReturn relative to average drawdown | 19.81 | 24.92 | -5.10 |
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
| GRHIX | AVALX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.04 | 3.30 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.92 | 1.12 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.97 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.53 | -0.12 |
Correlation
The correlation between GRHIX and AVALX is 0.75, 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
GRHIX vs. AVALX - Dividend Comparison
GRHIX's dividend yield for the trailing twelve months is around 2.83%, more than AVALX's 2.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
AVALX Aegis Value Fund | 2.06% | 2.34% | 7.07% | 2.23% | 0.16% | 0.00% | 6.62% | 2.36% | 6.18% | 0.00% | 1.45% | 0.04% |
Drawdowns
GRHIX vs. AVALX - Drawdown Comparison
The maximum GRHIX drawdown since its inception was -70.61%, roughly equal to the maximum AVALX drawdown of -73.72%. Use the drawdown chart below to compare losses from any high point for GRHIX and AVALX.
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Drawdown Indicators
| GRHIX | AVALX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.61% | -73.72% | +3.11% |
Max Drawdown (1Y)Largest decline over 1 year | -16.09% | -13.02% | -3.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.47% | -32.00% | +0.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.34% | — |
Current DrawdownCurrent decline from peak | -5.24% | -6.09% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -18.49% | -11.01% | -7.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.33% | 2.67% | +1.66% |
Volatility
GRHIX vs. AVALX - Volatility Comparison
Goehring & Rozencwajg Resources Fund (GRHIX) has a higher volatility of 7.94% compared to Aegis Value Fund (AVALX) at 5.32%. This indicates that GRHIX's price experiences larger fluctuations and is considered to be riskier than AVALX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRHIX | AVALX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.94% | 5.32% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 20.96% | 14.20% | +6.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.30% | 21.15% | +8.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.52% | 22.62% | +6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.67% | 22.32% | +7.35% |