GRHIX vs. VGENX
GRHIX (Goehring & Rozencwajg Resources Fund) and VGENX (Vanguard Energy Opportunities Fund Investor Shares) are both Energy Equities funds. Over the past 5 years, GRHIX returned 22.17%/yr vs 23.60%/yr for VGENX. Their 0.78 correlation means they have sometimes moved together and sometimes differently. GRHIX charges 0.92%/yr vs 0.45%/yr for VGENX.
Performance
GRHIX vs. VGENX - Performance Comparison
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Returns By Period
In the year-to-date period, GRHIX achieves a 5.91% return, which is significantly lower than VGENX's 22.50% return.
GRHIX
- 1D
- -0.38%
- 1M
- 3.28%
- 6M
- -8.89%
- YTD
- 5.91%
- 1Y
- 41.86%
- 3Y*
- 20.29%
- 5Y*
- 22.17%
- 10Y*
- —
- ALL TIME*
- 10.04%
VGENX
- 1D
- -0.76%
- 1M
- 5.28%
- 6M
- 12.01%
- YTD
- 22.50%
- 1Y
- 31.82%
- 3Y*
- 26.35%
- 5Y*
- 23.60%
- 10Y*
- 9.30%
- ALL TIME*
- 10.00%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
GRHIX vs. VGENX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GRHIX Goehring & Rozencwajg Resources Fund | 5.91% | 61.65% | -1.51% | 16.61% | 16.38% | 62.15% | -2.74% | 0.01% | -30.03% | -0.96% |
VGENX Vanguard Energy Opportunities Fund Investor Shares | 22.50% | 20.67% | 30.25% | 8.78% | 23.59% | 27.71% | -30.85% | 13.23% | -17.19% | 3.22% |
Correlation
The correlation between GRHIX and VGENX is 0.47, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.47 |
Correlation (3Y) Balances recent behavior with more history. | 0.59 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.78 |
Over the past year, the correlation between GRHIX and VGENX has dropped to 0.47 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
GRHIX vs. VGENX — Risk / Return Rank
GRHIX
VGENX
GRHIX vs. VGENX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Goehring & Rozencwajg Resources Fund (GRHIX) and Vanguard Energy Opportunities Fund Investor Shares (VGENX). 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 | VGENX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.43 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.17 | 3.71 | -1.54 |
| Martin ratioReturn relative to average drawdown | 5.63 | 12.32 | -6.69 |
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Drawdowns
GRHIX vs. VGENX - Drawdown Comparison
The maximum GRHIX drawdown since its inception was -70.61%, which is greater than VGENX's maximum drawdown of -65.37%. Use the drawdown chart below to compare losses from any high point for GRHIX and VGENX.
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Drawdown Indicators
| GRHIX | VGENX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -70.61% | -65.37% | -5.24% |
Max Drawdown (1Y)Largest decline over 1 year | -20.26% | -8.76% | -11.50% |
Max Drawdown (3Y)Largest decline over 3 years | -25.32% | -12.30% | -13.02% |
Max Drawdown (5Y)Largest decline over 5 years | -31.47% | -19.72% | -11.75% |
Max Drawdown (10Y)Largest decline over 10 years | — | -61.19% | — |
Current DrawdownCurrent decline from peak | -16.23% | -2.29% | -13.94% |
Average DrawdownAverage peak-to-trough decline | -18.18% | -14.89% | -3.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.81% | 2.63% | +5.18% |
Volatility
GRHIX vs. VGENX - Volatility Comparison
Goehring & Rozencwajg Resources Fund (GRHIX) has a higher volatility of 6.04% compared to Vanguard Energy Opportunities Fund Investor Shares (VGENX) at 4.45%. This indicates that GRHIX's price experiences larger fluctuations and is considered to be riskier than VGENX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GRHIX | VGENX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.04% | 4.45% | +1.59% |
Volatility (6M)Calculated over the trailing 6-month period | 18.22% | 10.84% | +7.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.58% | 13.03% | +12.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.88% | 18.66% | +10.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.41% | 23.05% | +6.36% |
GRHIX vs. VGENX - Expense Ratio Comparison
GRHIX has a 0.92% expense ratio, which is higher than VGENX's 0.45% expense ratio.
Dividends
GRHIX vs. VGENX - Dividend Comparison
GRHIX's dividend yield for the trailing twelve months is around 3.20%, less than VGENX's 7.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRHIX Goehring & Rozencwajg Resources Fund | 3.20% | 3.39% | 4.02% | 3.19% | 1.21% | 3.25% | 2.03% | 0.57% | 1.18% | 0.51% | 0.00% | 0.00% |
VGENX Vanguard Energy Opportunities Fund Investor Shares | 7.00% | 4.71% | 33.96% | 6.83% | 4.63% | 3.63% | 4.46% | 3.30% | 2.96% | 2.96% | 1.84% | 2.63% |
Frequently Asked Questions
GRHIX and VGENX have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRHIX has higher volatility (6.04%) compared to VGENX (4.45%). In terms of maximum drawdown, GRHIX dropped -70.61% vs VGENX's -65.37%.
VGENX currently has the higher Sharpe Ratio (2.50 vs 1.73), 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.
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