GRHIX vs. VENAX
Compare and contrast key facts about Goehring & Rozencwajg Resources Fund (GRHIX) and Vanguard Energy Index Fund Admiral Shares (VENAX).
GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016. VENAX is managed by Vanguard. It was launched on Oct 7, 2004.
Performance
GRHIX vs. VENAX - Performance Comparison
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GRHIX vs. VENAX - 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% |
VENAX Vanguard Energy Index Fund Admiral Shares | 38.19% | 7.29% | 6.57% | 0.05% | 62.94% | 55.57% | -33.27% | 9.36% | -19.90% | -3.61% |
Returns By Period
In the year-to-date period, GRHIX achieves a 21.33% return, which is significantly lower than VENAX's 38.19% return.
GRHIX
- 1D
- 1.27%
- 1M
- -4.03%
- YTD
- 21.33%
- 6M
- 30.10%
- 1Y
- 89.80%
- 3Y*
- 30.90%
- 5Y*
- 26.38%
- 10Y*
- —
VENAX
- 1D
- -1.12%
- 1M
- 8.14%
- YTD
- 38.19%
- 6M
- 39.18%
- 1Y
- 36.70%
- 3Y*
- 18.45%
- 5Y*
- 24.13%
- 10Y*
- 11.16%
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GRHIX vs. VENAX - Expense Ratio Comparison
GRHIX has a 0.92% expense ratio, which is higher than VENAX's 0.10% expense ratio.
Return for Risk
GRHIX vs. VENAX — Risk / Return Rank
GRHIX
VENAX
GRHIX vs. VENAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goehring & Rozencwajg Resources Fund (GRHIX) and Vanguard Energy Index Fund Admiral Shares (VENAX). 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 | VENAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 3.12 | 1.51 | +1.61 |
Sortino ratioReturn per unit of downside risk | 3.48 | 1.93 | +1.55 |
Omega ratioGain probability vs. loss probability | 1.50 | 1.29 | +0.21 |
Calmar ratioReturn relative to maximum drawdown | 5.65 | 2.05 | +3.60 |
Martin ratioReturn relative to average drawdown | 20.93 | 5.86 | +15.07 |
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 | VENAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.12 | 1.51 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | 0.91 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.29 | +0.12 |
Correlation
The correlation between GRHIX and VENAX is 0.79, 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. VENAX - Dividend Comparison
GRHIX's dividend yield for the trailing twelve months is around 2.80%, more than VENAX's 2.27% 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% |
VENAX Vanguard Energy Index Fund Admiral Shares | 2.27% | 3.10% | 3.24% | 3.34% | 3.65% | 3.80% | 4.76% | 3.41% | 3.35% | 2.90% | 2.31% | 3.17% |
Drawdowns
GRHIX vs. VENAX - Drawdown Comparison
The maximum GRHIX drawdown since its inception was -70.61%, smaller than the maximum VENAX drawdown of -74.42%. Use the drawdown chart below to compare losses from any high point for GRHIX and VENAX.
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Drawdown Indicators
| GRHIX | VENAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.61% | -74.42% | +3.81% |
Max Drawdown (1Y)Largest decline over 1 year | -16.02% | -19.04% | +3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -31.47% | -26.59% | -4.88% |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.58% | — |
Current DrawdownCurrent decline from peak | -4.03% | -2.23% | -1.80% |
Average DrawdownAverage peak-to-trough decline | -18.48% | -20.09% | +1.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.34% | 6.65% | -2.31% |
Volatility
GRHIX vs. VENAX - Volatility Comparison
Goehring & Rozencwajg Resources Fund (GRHIX) has a higher volatility of 8.04% compared to Vanguard Energy Index Fund Admiral Shares (VENAX) at 4.98%. This indicates that GRHIX's price experiences larger fluctuations and is considered to be riskier than VENAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRHIX | VENAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.04% | 4.98% | +3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 20.99% | 13.84% | +7.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.26% | 24.98% | +4.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.52% | 26.55% | +2.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.67% | 30.17% | -0.50% |