GRHIX vs. IGNAX
Compare and contrast key facts about Goehring & Rozencwajg Resources Fund (GRHIX) and Delaware Ivy Natural Resources Fund (IGNAX).
GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016. IGNAX is managed by Delaware Funds. It was launched on Jan 1, 1997.
Performance
GRHIX vs. IGNAX - Performance Comparison
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GRHIX vs. IGNAX - 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% |
IGNAX Delaware Ivy Natural Resources Fund | 18.73% | 38.01% | -0.56% | 1.26% | 17.52% | 26.06% | -12.38% | 9.24% | -23.79% | 1.69% |
Returns By Period
In the year-to-date period, GRHIX achieves a 21.33% return, which is significantly higher than IGNAX's 18.73% return.
GRHIX
- 1D
- 1.27%
- 1M
- -4.03%
- YTD
- 21.33%
- 6M
- 30.10%
- 1Y
- 89.80%
- 3Y*
- 30.90%
- 5Y*
- 26.38%
- 10Y*
- —
IGNAX
- 1D
- 1.29%
- 1M
- -0.81%
- YTD
- 18.73%
- 6M
- 27.22%
- 1Y
- 61.27%
- 3Y*
- 18.52%
- 5Y*
- 16.68%
- 10Y*
- 8.47%
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GRHIX vs. IGNAX - Expense Ratio Comparison
GRHIX has a 0.92% expense ratio, which is lower than IGNAX's 1.82% expense ratio.
Return for Risk
GRHIX vs. IGNAX — Risk / Return Rank
GRHIX
IGNAX
GRHIX vs. IGNAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goehring & Rozencwajg Resources Fund (GRHIX) and Delaware Ivy Natural Resources Fund (IGNAX). 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 | IGNAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.12 | 2.80 | +0.32 |
Sortino ratioReturn per unit of downside risk | 3.48 | 3.33 | +0.15 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.52 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 5.65 | 3.94 | +1.70 |
Martin ratioReturn relative to average drawdown | 20.93 | 21.18 | -0.25 |
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 | IGNAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 2.80 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.76 | +0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.38 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.22 | +0.19 |
Correlation
The correlation between GRHIX and IGNAX is 0.88, 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. IGNAX - Dividend Comparison
GRHIX's dividend yield for the trailing twelve months is around 2.80%, while IGNAX has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGNAX Delaware Ivy Natural Resources Fund | 0.00% | 0.00% | 5.68% | 1.94% | 2.02% | 2.30% | 0.29% | 1.75% | 0.00% | 0.00% | 0.06% |
Drawdowns
GRHIX vs. IGNAX - Drawdown Comparison
The maximum GRHIX drawdown since its inception was -70.61%, smaller than the maximum IGNAX drawdown of -77.49%. Use the drawdown chart below to compare losses from any high point for GRHIX and IGNAX.
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Drawdown Indicators
| GRHIX | IGNAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.61% | -77.49% | +6.88% |
Max Drawdown (1Y)Largest decline over 1 year | -16.02% | -15.59% | -0.43% |
Max Drawdown (5Y)Largest decline over 5 years | -31.47% | -24.79% | -6.68% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.95% | — |
Current DrawdownCurrent decline from peak | -4.03% | -9.23% | +5.20% |
Average DrawdownAverage peak-to-trough decline | -18.48% | -35.83% | +17.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 2.90% | +1.44% |
Volatility
GRHIX vs. IGNAX - Volatility Comparison
Goehring & Rozencwajg Resources Fund (GRHIX) has a higher volatility of 8.04% compared to Delaware Ivy Natural Resources Fund (IGNAX) at 5.41%. This indicates that GRHIX's price experiences larger fluctuations and is considered to be riskier than IGNAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRHIX | IGNAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 5.41% | +2.63% |
Volatility (6M)Calculated over the trailing 6-month period | 20.99% | 14.80% | +6.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 22.32% | +6.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.52% | 21.99% | +7.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.67% | 22.59% | +7.08% |