ICBMX vs. GRHIX
Compare and contrast key facts about ICON Natural Resources and Infrastructure Fund (ICBMX) and Goehring & Rozencwajg Resources Fund (GRHIX).
ICBMX is managed by ICON Funds. It was launched on May 4, 1997. GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016.
Performance
ICBMX vs. GRHIX - Performance Comparison
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ICBMX vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICBMX ICON Natural Resources and Infrastructure Fund | 15.65% | 15.95% | 21.25% | 11.02% | 0.50% | 30.63% | 5.53% | 22.11% | -17.38% | 15.76% |
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% |
Returns By Period
In the year-to-date period, ICBMX achieves a 15.65% return, which is significantly lower than GRHIX's 21.33% return.
ICBMX
- 1D
- 2.40%
- 1M
- -3.46%
- YTD
- 15.65%
- 6M
- 18.51%
- 1Y
- 42.47%
- 3Y*
- 21.21%
- 5Y*
- 14.05%
- 10Y*
- 13.20%
GRHIX
- 1D
- 1.27%
- 1M
- -4.03%
- YTD
- 21.33%
- 6M
- 30.10%
- 1Y
- 89.80%
- 3Y*
- 30.90%
- 5Y*
- 26.38%
- 10Y*
- —
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ICBMX vs. GRHIX - Expense Ratio Comparison
ICBMX has a 1.31% expense ratio, which is higher than GRHIX's 0.92% expense ratio.
Return for Risk
ICBMX vs. GRHIX — Risk / Return Rank
ICBMX
GRHIX
ICBMX vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ICON Natural Resources and Infrastructure Fund (ICBMX) and Goehring & Rozencwajg Resources Fund (GRHIX). 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.
| ICBMX | GRHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 3.12 | -1.40 |
Sortino ratioReturn per unit of downside risk | 2.43 | 3.48 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.50 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 2.59 | 5.65 | -3.06 |
Martin ratioReturn relative to average drawdown | 11.22 | 20.93 | -9.71 |
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
| ICBMX | GRHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 3.12 | -1.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.90 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.41 | -0.12 |
Correlation
The correlation between ICBMX and GRHIX is 0.75, 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
ICBMX vs. GRHIX - Dividend Comparison
ICBMX's dividend yield for the trailing twelve months is around 8.65%, more than GRHIX's 2.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICBMX ICON Natural Resources and Infrastructure Fund | 8.65% | 10.01% | 17.24% | 7.07% | 11.07% | 1.32% | 0.32% | 1.55% | 21.58% | 1.19% | 0.53% | 7.78% |
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% |
Drawdowns
ICBMX vs. GRHIX - Drawdown Comparison
The maximum ICBMX drawdown since its inception was -63.92%, smaller than the maximum GRHIX drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for ICBMX and GRHIX.
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Drawdown Indicators
| ICBMX | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.92% | -70.61% | +6.69% |
Max Drawdown (1Y)Largest decline over 1 year | -16.07% | -16.02% | -0.05% |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | -31.47% | +4.98% |
Max Drawdown (10Y)Largest decline over 10 years | -48.18% | — | — |
Current DrawdownCurrent decline from peak | -3.46% | -4.03% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -17.97% | -18.48% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 4.34% | -0.63% |
Volatility
ICBMX vs. GRHIX - Volatility Comparison
The current volatility for ICON Natural Resources and Infrastructure Fund (ICBMX) is 6.79%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 8.04%. This indicates that ICBMX experiences smaller price fluctuations and is considered to be less risky than GRHIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICBMX | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 8.04% | -1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 20.99% | -5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.07% | 29.26% | -4.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 29.52% | -8.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.29% | 29.67% | -7.38% |