GRHIX vs. TORIX
Compare and contrast key facts about Goehring & Rozencwajg Resources Fund (GRHIX) and Tortoise MLP & Pipeline Fund (TORIX).
GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016. TORIX is managed by Tortoise. It was launched on May 30, 2011.
Performance
GRHIX vs. TORIX - Performance Comparison
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GRHIX vs. TORIX - 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% |
TORIX Tortoise MLP & Pipeline Fund | 21.71% | 4.94% | 42.91% | 14.18% | 22.20% | 40.84% | -29.47% | 18.33% | -15.14% | -2.22% |
Returns By Period
The year-to-date returns for both investments are quite close, with GRHIX having a 21.33% return and TORIX slightly higher at 21.71%.
GRHIX
- 1D
- 1.27%
- 1M
- -4.03%
- YTD
- 21.33%
- 6M
- 30.10%
- 1Y
- 89.80%
- 3Y*
- 30.90%
- 5Y*
- 26.38%
- 10Y*
- —
TORIX
- 1D
- -0.90%
- 1M
- 1.00%
- YTD
- 21.71%
- 6M
- 21.62%
- 1Y
- 18.64%
- 3Y*
- 27.56%
- 5Y*
- 24.34%
- 10Y*
- 13.14%
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GRHIX vs. TORIX - Expense Ratio Comparison
GRHIX has a 0.92% expense ratio, which is lower than TORIX's 0.93% expense ratio.
Return for Risk
GRHIX vs. TORIX — Risk / Return Rank
GRHIX
TORIX
GRHIX vs. TORIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goehring & Rozencwajg Resources Fund (GRHIX) and Tortoise MLP & Pipeline Fund (TORIX). 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 | TORIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.12 | 1.06 | +2.06 |
Sortino ratioReturn per unit of downside risk | 3.48 | 1.40 | +2.08 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.22 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 5.65 | 1.30 | +4.34 |
Martin ratioReturn relative to average drawdown | 20.93 | 3.58 | +17.35 |
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 | TORIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 1.06 | +2.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 1.25 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.42 | -0.02 |
Correlation
The correlation between GRHIX and TORIX is 0.73, 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. TORIX - Dividend Comparison
GRHIX's dividend yield for the trailing twelve months is around 2.80%, less than TORIX's 4.17% 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% |
TORIX Tortoise MLP & Pipeline Fund | 4.17% | 5.03% | 4.92% | 4.36% | 5.28% | 4.29% | 5.63% | 4.39% | 4.22% | 2.92% | 1.87% | 5.96% |
Drawdowns
GRHIX vs. TORIX - Drawdown Comparison
The maximum GRHIX drawdown since its inception was -70.61%, roughly equal to the maximum TORIX drawdown of -68.58%. Use the drawdown chart below to compare losses from any high point for GRHIX and TORIX.
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Drawdown Indicators
| GRHIX | TORIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.61% | -68.58% | -2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -16.02% | -15.10% | -0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -31.47% | -19.75% | -11.72% |
Max Drawdown (10Y)Largest decline over 10 years | — | -63.04% | — |
Current DrawdownCurrent decline from peak | -4.03% | -1.78% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -18.48% | -14.95% | -3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 5.50% | -1.16% |
Volatility
GRHIX vs. TORIX - Volatility Comparison
Goehring & Rozencwajg Resources Fund (GRHIX) has a higher volatility of 8.04% compared to Tortoise MLP & Pipeline Fund (TORIX) at 3.84%. This indicates that GRHIX's price experiences larger fluctuations and is considered to be riskier than TORIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRHIX | TORIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 3.84% | +4.20% |
Volatility (6M)Calculated over the trailing 6-month period | 20.99% | 9.72% | +11.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 18.36% | +10.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.52% | 19.59% | +9.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.67% | 24.98% | +4.69% |