GRHIX vs. VADGX

Last updated Jun 23, 2026

GRHIX (Goehring & Rozencwajg Resources Fund) and VADGX (Vanguard Advice Select Dividend Growth Fund) are both mutual funds - GRHIX is a Energy Equities fund managed by Goehring & Rozencwajg, while VADGX is a Large Cap Blend Equities fund managed by Vanguard. Over the past 3 years, GRHIX returned 24.68%/yr vs 8.80%/yr for VADGX. At a 0.37 correlation, their price movements are largely independent. GRHIX charges 0.92%/yr vs 0.45%/yr for VADGX.

Performance

GRHIX vs. VADGX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Goehring & Rozencwajg Resources Fund (GRHIX) and Vanguard Advice Select Dividend Growth Fund (VADGX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GRHIX achieves a 6.98% return, which is significantly higher than VADGX's 1.44% return.

GRHIX

• 1D: -2.05%
• 1M: -9.32%
• YTD: 6.98%
• 6M: 6.87%
• 1Y: 40.42%
• 3Y*: 24.68%
• 5Y*: 20.95%
• 10Y*: —

VADGX

• 1D: 0.47%
• 1M: 0.95%
• YTD: 1.44%
• 6M: 1.00%
• 1Y: 9.67%
• 3Y*: 8.80%
• 5Y*: —
• 10Y*: —

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

GRHIX vs. VADGX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GRHIX Goehring & Rozencwajg Resources Fund	6.98%	61.65%	-1.51%	16.61%	16.38%	-11.13%
VADGX Vanguard Advice Select Dividend Growth Fund	1.44%	8.52%	10.69%	10.42%	-3.88%	3.62%

Correlation

The correlation between GRHIX and VADGX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.24
Correlation (3Y) Calculated over the trailing 3-year period	0.27
Correlation (All Time) Calculated using the full available price history since Nov 9, 2021	0.37

The correlation between GRHIX and VADGX shifts across timeframes, from 0.24 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

Return for Risk

GRHIX vs. VADGX — Risk / Return Rank

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

GRHIX

GRHIX Risk / Return Rank: 34
GRHIX Sharpe Ratio Rank: 32
GRHIX Sortino Ratio Rank: 27
GRHIX Omega Ratio Rank: 27
GRHIX Calmar Ratio Rank: 47
GRHIX Martin Ratio Rank: 37

VADGX

VADGX Risk / Return Rank: 11
VADGX Sharpe Ratio Rank: 12
VADGX Sortino Ratio Rank: 13
VADGX Omega Ratio Rank: 11
VADGX Calmar Ratio Rank: 9
VADGX Martin Ratio Rank: 11

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. VADGX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Goehring & Rozencwajg Resources Fund (GRHIX) and Vanguard Advice Select Dividend Growth Fund (VADGX). 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	VADGX	Difference
Sharpe ratio: Return per unit of total volatility	1.52	0.91	+0.62
Sortino ratio: Return per unit of downside risk	2.00	1.37	+0.63
Omega ratio: Gain probability vs. loss probability	1.25	1.16	+0.09
Calmar ratio: Return relative to maximum drawdown	2.51	0.85	+1.66
Martin ratio: Return relative to average drawdown	7.75	3.06	+4.69

GRHIX vs. VADGX - Sharpe Ratio Comparison

The current GRHIX Sharpe Ratio is 1.52, which is higher than the VADGX Sharpe Ratio of 0.91. The chart below compares the historical Sharpe Ratios of GRHIX and VADGX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GRHIX vs. VADGX - Drawdown Comparison

The maximum GRHIX drawdown since its inception was -70.61%, which is greater than VADGX's maximum drawdown of -15.75%. Use the drawdown chart below to compare losses from any high point for GRHIX and VADGX.

Drawdown Indicators

	GRHIX	VADGX	Difference
Max Drawdown Largest peak-to-trough decline	-70.61%	-15.75%	-54.86%
Max Drawdown (1Y) Largest decline over 1 year	-15.38%	-11.07%	-4.31%
Max Drawdown (3Y) Largest decline over 3 years	-25.32%	-14.73%	-10.59%
Max Drawdown (5Y) Largest decline over 5 years	-31.47%	—	—
Current Drawdown Current decline from peak	-15.38%	-0.75%	-14.63%
Average Drawdown Average peak-to-trough decline	-18.19%	-3.45%	-14.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.99%	3.06%	+1.93%

Volatility

GRHIX vs. VADGX - Volatility Comparison

Goehring & Rozencwajg Resources Fund (GRHIX) has a higher volatility of 8.30% compared to Vanguard Advice Select Dividend Growth Fund (VADGX) at 3.19%. This indicates that GRHIX's price experiences larger fluctuations and is considered to be riskier than VADGX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GRHIX	VADGX	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.30%	3.19%	+5.11%
Volatility (6M) Calculated over the trailing 6-month period	19.22%	8.04%	+11.18%
Volatility (1Y) Calculated over the trailing 1-year period	25.36%	10.36%	+15.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.14%	13.61%	+15.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.50%	13.61%	+15.89%

GRHIX vs. VADGX - Expense Ratio Comparison

GRHIX has a 0.92% expense ratio, which is higher than VADGX's 0.45% expense ratio.

Dividends

GRHIX vs. VADGX - Dividend Comparison

GRHIX's dividend yield for the trailing twelve months is around 3.17%, more than VADGX's 1.02% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GRHIX Goehring & Rozencwajg Resources Fund	3.17%	3.39%	4.02%	3.19%	1.21%	3.25%	2.03%	0.57%	1.18%	0.51%
VADGX Vanguard Advice Select Dividend Growth Fund	1.02%	1.04%	1.98%	1.25%	0.84%	0.16%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GRHIX and VADGX in my portfolio?

GRHIX and VADGX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GRHIX or VADGX?

GRHIX has higher volatility (8.30%) compared to VADGX (3.19%). In terms of maximum drawdown, GRHIX dropped -70.61% vs VADGX's -15.75%.

Which has better risk-adjusted returns?

GRHIX currently has the higher Sharpe Ratio (1.52 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.