GRHIX vs. BACIX
Compare and contrast key facts about Goehring & Rozencwajg Resources Fund (GRHIX) and BlackRock Energy Opportunities Fund (BACIX).
GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016. BACIX is managed by BlackRock. It was launched on Feb 15, 2005.
Performance
GRHIX vs. BACIX - Performance Comparison
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GRHIX vs. BACIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRHIX Goehring & Rozencwajg Resources Fund | 21.33% | 61.65% | -1.51% | 16.61% | 16.38% | 62.15% | -2.74% | 0.01% | -30.03% | -0.96% |
BACIX BlackRock Energy Opportunities Fund | 35.86% | 11.03% | 4.23% | 2.97% | 43.64% | 43.50% | -29.38% | 13.04% | -19.55% | 1.51% |
Returns By Period
In the year-to-date period, GRHIX achieves a 21.33% return, which is significantly lower than BACIX's 35.86% return.
GRHIX
- 1D
- 1.27%
- 1M
- -4.03%
- YTD
- 21.33%
- 6M
- 30.10%
- 1Y
- 89.80%
- 3Y*
- 30.90%
- 5Y*
- 26.38%
- 10Y*
- —
BACIX
- 1D
- -0.36%
- 1M
- 8.19%
- YTD
- 35.86%
- 6M
- 38.86%
- 1Y
- 38.10%
- 3Y*
- 18.79%
- 5Y*
- 22.31%
- 10Y*
- 10.51%
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GRHIX vs. BACIX - Expense Ratio Comparison
GRHIX has a 0.92% expense ratio, which is higher than BACIX's 0.91% expense ratio.
Return for Risk
GRHIX vs. BACIX — Risk / Return Rank
GRHIX
BACIX
GRHIX vs. BACIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goehring & Rozencwajg Resources Fund (GRHIX) and BlackRock Energy Opportunities Fund (BACIX). 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 | BACIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.12 | 1.82 | +1.30 |
Sortino ratioReturn per unit of downside risk | 3.48 | 2.21 | +1.27 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.36 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 5.65 | 2.23 | +3.42 |
Martin ratioReturn relative to average drawdown | 20.93 | 7.47 | +13.46 |
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 | BACIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 1.82 | +1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.95 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.20 | +0.20 |
Correlation
The correlation between GRHIX and BACIX 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
GRHIX vs. BACIX - Dividend Comparison
GRHIX's dividend yield for the trailing twelve months is around 2.80%, more than BACIX's 2.06% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRHIX Goehring & Rozencwajg Resources Fund | 2.80% | 3.39% | 4.02% | 3.19% | 1.21% | 3.25% | 2.03% | 0.57% | 1.18% | 0.51% | 0.00% | 0.00% |
BACIX BlackRock Energy Opportunities Fund | 2.06% | 2.79% | 2.63% | 3.39% | 2.49% | 2.67% | 3.66% | 3.06% | 3.43% | 2.76% | 2.38% | 2.51% |
Drawdowns
GRHIX vs. BACIX - Drawdown Comparison
The maximum GRHIX drawdown since its inception was -70.61%, smaller than the maximum BACIX drawdown of -77.81%. Use the drawdown chart below to compare losses from any high point for GRHIX and BACIX.
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Drawdown Indicators
| GRHIX | BACIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.61% | -77.81% | +7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -16.02% | -17.60% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -31.47% | -25.76% | -5.71% |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.65% | — |
Current DrawdownCurrent decline from peak | -4.03% | -0.81% | -3.22% |
Average DrawdownAverage peak-to-trough decline | -18.48% | -32.58% | +14.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 5.26% | -0.92% |
Volatility
GRHIX vs. BACIX - Volatility Comparison
Goehring & Rozencwajg Resources Fund (GRHIX) has a higher volatility of 8.04% compared to BlackRock Energy Opportunities Fund (BACIX) at 4.16%. This indicates that GRHIX's price experiences larger fluctuations and is considered to be riskier than BACIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRHIX | BACIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 4.16% | +3.88% |
Volatility (6M)Calculated over the trailing 6-month period | 20.99% | 11.43% | +9.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 21.53% | +7.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.52% | 23.61% | +5.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.67% | 27.16% | +2.51% |