GRHIX vs. FNARX
Compare and contrast key facts about Goehring & Rozencwajg Resources Fund (GRHIX) and Fidelity Natural Resources Fund (FNARX).
GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016. FNARX is managed by Fidelity. It was launched on Mar 3, 1997.
Performance
GRHIX vs. FNARX - Performance Comparison
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GRHIX vs. FNARX - 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% |
FNARX Fidelity Natural Resources Fund | 30.09% | 28.67% | 3.76% | 6.41% | 41.01% | 39.34% | -20.86% | 19.09% | -24.28% | -1.69% |
Returns By Period
In the year-to-date period, GRHIX achieves a 21.33% return, which is significantly lower than FNARX's 30.09% return.
GRHIX
- 1D
- 1.27%
- 1M
- -4.03%
- YTD
- 21.33%
- 6M
- 30.10%
- 1Y
- 89.80%
- 3Y*
- 30.90%
- 5Y*
- 26.38%
- 10Y*
- —
FNARX
- 1D
- 1.02%
- 1M
- 2.94%
- YTD
- 30.09%
- 6M
- 34.26%
- 1Y
- 51.80%
- 3Y*
- 22.10%
- 5Y*
- 24.94%
- 10Y*
- 12.75%
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GRHIX vs. FNARX - Expense Ratio Comparison
GRHIX has a 0.92% expense ratio, which is higher than FNARX's 0.82% expense ratio.
Return for Risk
GRHIX vs. FNARX — Risk / Return Rank
GRHIX
FNARX
GRHIX vs. FNARX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goehring & Rozencwajg Resources Fund (GRHIX) and Fidelity Natural Resources Fund (FNARX). 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 | FNARX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.12 | 2.44 | +0.69 |
Sortino ratioReturn per unit of downside risk | 3.48 | 2.97 | +0.51 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.45 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 5.65 | 3.16 | +2.49 |
Martin ratioReturn relative to average drawdown | 20.93 | 14.80 | +6.13 |
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 | FNARX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 2.44 | +0.69 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 1.00 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.47 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.31 | +0.10 |
Correlation
The correlation between GRHIX and FNARX is 0.87, 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. FNARX - Dividend Comparison
GRHIX's dividend yield for the trailing twelve months is around 2.80%, more than FNARX's 1.45% 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% |
FNARX Fidelity Natural Resources Fund | 1.45% | 1.89% | 1.51% | 1.60% | 2.42% | 1.46% | 1.79% | 1.42% | 1.17% | 1.38% | 0.62% | 0.78% |
Drawdowns
GRHIX vs. FNARX - Drawdown Comparison
The maximum GRHIX drawdown since its inception was -70.61%, roughly equal to the maximum FNARX drawdown of -71.04%. Use the drawdown chart below to compare losses from any high point for GRHIX and FNARX.
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Drawdown Indicators
| GRHIX | FNARX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.61% | -71.04% | +0.43% |
Max Drawdown (1Y)Largest decline over 1 year | -16.02% | -16.94% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -31.47% | -29.93% | -1.54% |
Max Drawdown (10Y)Largest decline over 10 years | — | -64.10% | — |
Current DrawdownCurrent decline from peak | -4.03% | 0.00% | -4.03% |
Average DrawdownAverage peak-to-trough decline | -18.48% | -20.15% | +1.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 3.61% | +0.73% |
Volatility
GRHIX vs. FNARX - Volatility Comparison
Goehring & Rozencwajg Resources Fund (GRHIX) has a higher volatility of 8.04% compared to Fidelity Natural Resources Fund (FNARX) at 4.95%. This indicates that GRHIX's price experiences larger fluctuations and is considered to be riskier than FNARX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRHIX | FNARX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 4.95% | +3.09% |
Volatility (6M)Calculated over the trailing 6-month period | 20.99% | 14.00% | +6.99% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 21.75% | +7.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.52% | 25.17% | +4.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.67% | 27.08% | +2.59% |