GRHIX vs. GAGEX
Compare and contrast key facts about Goehring & Rozencwajg Resources Fund (GRHIX) and Guinness Atkinson Global Energy Fund (GAGEX).
GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016. GAGEX is managed by Guinness Atkinson. It was launched on Jun 29, 2004.
Performance
GRHIX vs. GAGEX - Performance Comparison
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GRHIX vs. GAGEX - 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% |
GAGEX Guinness Atkinson Global Energy Fund | 37.85% | 16.88% | -1.75% | 2.66% | 34.32% | 45.96% | -34.12% | 10.45% | -18.96% | -2.55% |
Returns By Period
In the year-to-date period, GRHIX achieves a 21.33% return, which is significantly lower than GAGEX's 37.85% return.
GRHIX
- 1D
- 1.27%
- 1M
- -4.03%
- YTD
- 21.33%
- 6M
- 30.10%
- 1Y
- 89.80%
- 3Y*
- 30.90%
- 5Y*
- 26.38%
- 10Y*
- —
GAGEX
- 1D
- -0.62%
- 1M
- 10.00%
- YTD
- 37.85%
- 6M
- 40.91%
- 1Y
- 46.83%
- 3Y*
- 19.07%
- 5Y*
- 20.53%
- 10Y*
- 8.75%
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GRHIX vs. GAGEX - Expense Ratio Comparison
GRHIX has a 0.92% expense ratio, which is lower than GAGEX's 1.46% expense ratio.
Return for Risk
GRHIX vs. GAGEX — Risk / Return Rank
GRHIX
GAGEX
GRHIX vs. GAGEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goehring & Rozencwajg Resources Fund (GRHIX) and Guinness Atkinson Global Energy Fund (GAGEX). 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 | GAGEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.12 | 2.22 | +0.90 |
Sortino ratioReturn per unit of downside risk | 3.48 | 2.71 | +0.77 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.40 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 5.65 | 2.63 | +3.01 |
Martin ratioReturn relative to average drawdown | 20.93 | 9.38 | +11.55 |
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 | GAGEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 2.22 | +0.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.88 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.25 | +0.16 |
Correlation
The correlation between GRHIX and GAGEX is 0.77, 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. GAGEX - Dividend Comparison
GRHIX's dividend yield for the trailing twelve months is around 2.80%, more than GAGEX's 2.05% 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% |
GAGEX Guinness Atkinson Global Energy Fund | 2.05% | 2.82% | 7.08% | 4.33% | 0.15% | 2.59% | 3.59% | 1.91% | 1.72% | 1.40% | 1.13% | 1.33% |
Drawdowns
GRHIX vs. GAGEX - Drawdown Comparison
The maximum GRHIX drawdown since its inception was -70.61%, smaller than the maximum GAGEX drawdown of -78.90%. Use the drawdown chart below to compare losses from any high point for GRHIX and GAGEX.
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Drawdown Indicators
| GRHIX | GAGEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.61% | -78.90% | +8.29% |
Max Drawdown (1Y)Largest decline over 1 year | -16.02% | -18.43% | +2.41% |
Max Drawdown (5Y)Largest decline over 5 years | -31.47% | -26.42% | -5.05% |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.98% | — |
Current DrawdownCurrent decline from peak | -4.03% | -0.71% | -3.32% |
Average DrawdownAverage peak-to-trough decline | -18.48% | -29.42% | +10.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 5.18% | -0.84% |
Volatility
GRHIX vs. GAGEX - Volatility Comparison
Goehring & Rozencwajg Resources Fund (GRHIX) has a higher volatility of 8.04% compared to Guinness Atkinson Global Energy Fund (GAGEX) at 4.61%. This indicates that GRHIX's price experiences larger fluctuations and is considered to be riskier than GAGEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRHIX | GAGEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 4.61% | +3.43% |
Volatility (6M)Calculated over the trailing 6-month period | 20.99% | 12.36% | +8.63% |
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% | 23.56% | +5.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.67% | 27.31% | +2.36% |