GRHIX vs. ICPAX
Compare and contrast key facts about Goehring & Rozencwajg Resources Fund (GRHIX) and Integrity Mid-North American Resources Fund (ICPAX).
GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016. ICPAX is managed by IntegrityVikingFunds. It was launched on Apr 4, 1999.
Performance
GRHIX vs. ICPAX - Performance Comparison
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GRHIX vs. ICPAX - 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% |
ICPAX Integrity Mid-North American Resources Fund | 28.99% | 18.11% | 17.52% | -1.37% | 29.10% | 32.79% | -24.34% | 14.25% | -30.97% | -9.05% |
Returns By Period
In the year-to-date period, GRHIX achieves a 21.33% return, which is significantly lower than ICPAX's 28.99% return.
GRHIX
- 1D
- 1.27%
- 1M
- -4.03%
- YTD
- 21.33%
- 6M
- 30.10%
- 1Y
- 89.80%
- 3Y*
- 30.90%
- 5Y*
- 26.38%
- 10Y*
- —
ICPAX
- 1D
- 0.00%
- 1M
- 2.18%
- YTD
- 28.99%
- 6M
- 28.25%
- 1Y
- 48.78%
- 3Y*
- 23.81%
- 5Y*
- 19.52%
- 10Y*
- 8.47%
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GRHIX vs. ICPAX - Expense Ratio Comparison
GRHIX has a 0.92% expense ratio, which is lower than ICPAX's 1.50% expense ratio.
Return for Risk
GRHIX vs. ICPAX — Risk / Return Rank
GRHIX
ICPAX
GRHIX vs. ICPAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goehring & Rozencwajg Resources Fund (GRHIX) and Integrity Mid-North American Resources Fund (ICPAX). 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 | ICPAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.12 | 2.16 | +0.97 |
Sortino ratioReturn per unit of downside risk | 3.48 | 2.62 | +0.86 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.43 | +0.07 |
Calmar ratioReturn relative to maximum drawdown | 5.65 | 2.87 | +2.77 |
Martin ratioReturn relative to average drawdown | 20.93 | 14.03 | +6.90 |
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 | ICPAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 2.16 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.77 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.29 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.09 | +0.32 |
Correlation
The correlation between GRHIX and ICPAX is 0.84, 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. ICPAX - Dividend Comparison
GRHIX's dividend yield for the trailing twelve months is around 2.80%, more than ICPAX's 0.35% 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% |
ICPAX Integrity Mid-North American Resources Fund | 0.35% | 0.60% | 1.07% | 1.50% | 1.24% | 1.26% | 1.95% | 1.56% | 0.60% | 0.08% | 0.17% | 0.72% |
Drawdowns
GRHIX vs. ICPAX - Drawdown Comparison
The maximum GRHIX drawdown since its inception was -70.61%, smaller than the maximum ICPAX drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for GRHIX and ICPAX.
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Drawdown Indicators
| GRHIX | ICPAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.61% | -84.49% | +13.88% |
Max Drawdown (1Y)Largest decline over 1 year | -16.02% | -17.41% | +1.39% |
Max Drawdown (5Y)Largest decline over 5 years | -31.47% | -26.18% | -5.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -71.43% | — |
Current DrawdownCurrent decline from peak | -4.03% | -12.13% | +8.10% |
Average DrawdownAverage peak-to-trough decline | -18.48% | -49.74% | +31.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 3.57% | +0.77% |
Volatility
GRHIX vs. ICPAX - Volatility Comparison
Goehring & Rozencwajg Resources Fund (GRHIX) has a higher volatility of 8.04% compared to Integrity Mid-North American Resources Fund (ICPAX) at 4.84%. This indicates that GRHIX's price experiences larger fluctuations and is considered to be riskier than ICPAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRHIX | ICPAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 4.84% | +3.20% |
Volatility (6M)Calculated over the trailing 6-month period | 20.99% | 12.63% | +8.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 23.56% | +5.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.52% | 25.55% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.67% | 28.84% | +0.83% |