IEYYX vs. GRHIX

Last updated Apr 1, 2026

Compare and contrast key facts about Delaware Ivy Energy Fund (IEYYX) and Goehring & Rozencwajg Resources Fund (GRHIX).

IEYYX is managed by Ivy Funds. It was launched on Apr 2, 2006. GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016.

Performance

IEYYX vs. GRHIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Delaware Ivy Energy Fund (IEYYX) and Goehring & Rozencwajg Resources Fund (GRHIX). The values are adjusted to include any dividend payments, if applicable.

IEYYX vs. GRHIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEYYX Delaware Ivy Energy Fund	12.70%	22.56%	-3.60%	-4.08%	41.14%	43.34%	-38.68%	4.25%	-34.47%	-14.69%
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, IEYYX achieves a 12.70% return, which is significantly lower than GRHIX's 21.33% return.

IEYYX

• 1D: 1.06%
• 1M: -0.08%
• YTD: 12.70%
• 6M: 20.58%
• 1Y: 41.57%
• 3Y*: 8.68%
• 5Y*: 16.21%
• 10Y*: 2.41%

GRHIX

• 1D: 1.27%
• 1M: -4.03%
• YTD: 21.33%
• 6M: 30.10%
• 1Y: 89.80%
• 3Y*: 30.90%
• 5Y*: 26.38%
• 10Y*: —

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

IEYYX vs. GRHIX - Expense Ratio Comparison

IEYYX has a 1.28% expense ratio, which is higher than GRHIX's 0.92% expense ratio.

IEYYX

Delaware Ivy Energy Fund

GRHIX

Goehring & Rozencwajg Resources Fund

Return for Risk

IEYYX vs. GRHIX — Risk / Return Rank

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

IEYYX

IEYYX Risk / Return Rank: 96
IEYYX Sharpe Ratio Rank: 97
IEYYX Sortino Ratio Rank: 95
IEYYX Omega Ratio Rank: 94
IEYYX Calmar Ratio Rank: 95
IEYYX Martin Ratio Rank: 98

GRHIX

GRHIX Risk / Return Rank: 97
GRHIX Sharpe Ratio Rank: 98
GRHIX Sortino Ratio Rank: 96
GRHIX Omega Ratio Rank: 94
GRHIX Calmar Ratio Rank: 98
GRHIX Martin Ratio Rank: 98

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.

IEYYX vs. GRHIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Delaware Ivy Energy Fund (IEYYX) 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.

	IEYYX	GRHIX	Difference
Sharpe ratio Return per unit of total volatility	2.54	3.12	-0.58
Sortino ratio Return per unit of downside risk	3.28	3.48	-0.20
Omega ratio Gain probability vs. loss probability	1.49	1.50	-0.02
Calmar ratio Return relative to maximum drawdown	3.31	5.65	-2.33
Martin ratio Return relative to average drawdown	18.17	20.93	-2.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IEYYX vs. GRHIX - Sharpe Ratio Comparison

The current IEYYX Sharpe Ratio is 2.54, which is comparable to the GRHIX Sharpe Ratio of 3.12. The chart below compares the historical Sharpe Ratios of IEYYX and GRHIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	IEYYX	GRHIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	3.12	-0.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.73	0.90	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.08	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.05	0.41	-0.36

Correlation

The correlation between IEYYX and GRHIX is 0.81, 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

IEYYX vs. GRHIX - Dividend Comparison

IEYYX's dividend yield for the trailing twelve months is around 0.77%, less than GRHIX's 2.80% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
IEYYX Delaware Ivy Energy Fund	0.77%	0.87%	0.91%	2.37%	1.33%	1.49%	2.17%	0.00%	0.00%	0.36%
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%

Drawdowns

IEYYX vs. GRHIX - Drawdown Comparison

The maximum IEYYX drawdown since its inception was -85.16%, which is greater than GRHIX's maximum drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for IEYYX and GRHIX.

Drawdown Indicators

	IEYYX	GRHIX	Difference
Max Drawdown Largest peak-to-trough decline	-85.16%	-70.61%	-14.55%
Max Drawdown (1Y) Largest decline over 1 year	-11.93%	-16.02%	+4.09%
Max Drawdown (5Y) Largest decline over 5 years	-30.43%	-31.47%	+1.04%
Max Drawdown (10Y) Largest decline over 10 years	-81.45%	—	—
Current Drawdown Current decline from peak	-27.17%	-4.03%	-23.14%
Average Drawdown Average peak-to-trough decline	-35.28%	-18.48%	-16.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	4.34%	-2.16%

Volatility

IEYYX vs. GRHIX - Volatility Comparison

The current volatility for Delaware Ivy Energy Fund (IEYYX) is 4.24%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 8.04%. This indicates that IEYYX 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.

Volatility by Period

	IEYYX	GRHIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.24%	8.04%	-3.80%
Volatility (6M) Calculated over the trailing 6-month period	9.76%	20.99%	-11.23%
Volatility (1Y) Calculated over the trailing 1-year period	16.28%	29.26%	-12.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.28%	29.52%	-7.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	31.00%	29.67%	+1.33%