GRHIX vs. MGIFX

Last updated Jul 16, 2026

GRHIX (Goehring & Rozencwajg Resources Fund) and MGIFX (Mondrian Global Listed Infrastructure Fund) are both Energy Equities funds. At a 0.43 correlation, their price movements are largely independent. GRHIX charges 0.92%/yr vs 0.95%/yr for MGIFX.

Performance

GRHIX vs. MGIFX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goehring & Rozencwajg Resources Fund (GRHIX) and Mondrian Global Listed Infrastructure Fund (MGIFX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

GRHIX

• 1D: 0.93%
• 1M: -6.72%
• 6M: -5.22%
• YTD: 4.53%
• 1Y: 35.03%
• 3Y*: 22.54%
• 5Y*: 20.57%
• 10Y*: —

MGIFX

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

GRHIX vs. MGIFX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
GRHIX Goehring & Rozencwajg Resources Fund	4.53%	61.65%	-1.51%	16.61%	16.38%	62.15%	-2.74%	0.01%	0.59%
MGIFX Mondrian Global Listed Infrastructure Fund	13.34%	28.20%	-0.47%	7.88%	-3.61%	11.74%	-0.69%	31.06%	0.00%

Correlation

The correlation between GRHIX and MGIFX is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.44
Correlation (All Time) Calculated using the full available price history since Dec 31, 2018	0.43

The correlation between GRHIX and MGIFX shifts across timeframes, from 0.31 (1 year) to 0.44 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GRHIX vs. MGIFX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GRHIX

GRHIX Risk / Return Rank: 33
GRHIX Sharpe Ratio Rank: 38
GRHIX Sortino Ratio Rank: 33
GRHIX Omega Ratio Rank: 34
GRHIX Calmar Ratio Rank: 33
GRHIX Martin Ratio Rank: 28

MGIFX

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GRHIX vs. MGIFX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goehring & Rozencwajg Resources Fund (GRHIX) and Mondrian Global Listed Infrastructure Fund (MGIFX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	GRHIX	MGIFX	Difference
Sharpe ratio: Return per unit of total volatility	1.35	—	—
Sortino ratio: Return per unit of downside risk	1.80	—	—
Omega ratio: Gain probability vs. loss probability	1.23	—	—
Calmar ratio: Return relative to maximum drawdown	1.68	—	—
Martin ratio: Return relative to average drawdown	4.96	—	—

Drawdowns

Drawdown Indicators

	GRHIX	MGIFX	Difference
Max Drawdown Largest peak-to-trough decline	-70.61%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-20.26%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-25.32%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-31.47%	—	—
Current Drawdown Current decline from peak	-17.32%	—	—
Average Drawdown Average peak-to-trough decline	-18.19%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.85%	—	—

Volatility

Volatility by Period

	GRHIX	MGIFX	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.01%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	25.35%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.04%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.44%	—	—

GRHIX vs. MGIFX - Expense Ratio Comparison

GRHIX has a 0.92% expense ratio, which is lower than MGIFX's 0.95% expense ratio.

Dividends

GRHIX vs. MGIFX - Dividend Comparison

GRHIX's dividend yield for the trailing twelve months is around 3.25%, less than MGIFX's 49.24% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GRHIX Goehring & Rozencwajg Resources Fund	3.25%	3.39%	4.02%	3.19%	1.21%	3.25%	2.03%	0.57%	1.18%	0.51%
MGIFX Mondrian Global Listed Infrastructure Fund	49.24%	7.56%	3.17%	5.41%	8.60%	7.13%	6.18%	6.74%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GRHIX and MGIFX in my portfolio?

GRHIX and MGIFX have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.