MAGRX vs. GRHIX
Compare and contrast key facts about BlackRock Natural Resources Trust Fund (MAGRX) and Goehring & Rozencwajg Resources Fund (GRHIX).
MAGRX is managed by BlackRock. It was launched on Oct 23, 1988. GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016.
Performance
MAGRX vs. GRHIX - Performance Comparison
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MAGRX vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAGRX BlackRock Natural Resources Trust Fund | 16.25% | 30.26% | -5.65% | -1.36% | 17.20% | 30.76% | 3.20% | 15.34% | -17.95% | 6.82% |
GRHIX Goehring & Rozencwajg Resources Fund | 19.81% | 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, MAGRX achieves a 16.25% return, which is significantly lower than GRHIX's 19.81% return.
MAGRX
- 1D
- 0.12%
- 1M
- -4.41%
- YTD
- 16.25%
- 6M
- 24.19%
- 1Y
- 41.41%
- 3Y*
- 12.72%
- 5Y*
- 13.78%
- 10Y*
- 10.91%
GRHIX
- 1D
- -1.67%
- 1M
- -4.66%
- YTD
- 19.81%
- 6M
- 30.25%
- 1Y
- 88.42%
- 3Y*
- 30.35%
- 5Y*
- 26.90%
- 10Y*
- —
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MAGRX vs. GRHIX - Expense Ratio Comparison
MAGRX has a 0.87% expense ratio, which is lower than GRHIX's 0.92% expense ratio.
Return for Risk
MAGRX vs. GRHIX — Risk / Return Rank
MAGRX
GRHIX
MAGRX vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Natural Resources Trust Fund (MAGRX) 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.
| MAGRX | GRHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.00 | 3.04 | -1.05 |
Sortino ratioReturn per unit of downside risk | 2.51 | 3.41 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.49 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 2.71 | 5.33 | -2.63 |
Martin ratioReturn relative to average drawdown | 12.28 | 19.81 | -7.53 |
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
| MAGRX | GRHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.00 | 3.04 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.92 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.40 | -0.06 |
Correlation
The correlation between MAGRX and GRHIX is 0.84, 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
MAGRX vs. GRHIX - Dividend Comparison
MAGRX's dividend yield for the trailing twelve months is around 7.26%, more than GRHIX's 2.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGRX BlackRock Natural Resources Trust Fund | 7.26% | 8.44% | 3.32% | 4.16% | 10.86% | 3.90% | 2.07% | 2.97% | 20.12% | 49.72% | 0.87% | 8.29% |
GRHIX Goehring & Rozencwajg Resources Fund | 2.83% | 3.39% | 4.02% | 3.19% | 1.21% | 3.25% | 2.03% | 0.57% | 1.18% | 0.51% | 0.00% | 0.00% |
Drawdowns
MAGRX vs. GRHIX - Drawdown Comparison
The maximum MAGRX drawdown since its inception was -65.68%, smaller than the maximum GRHIX drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for MAGRX and GRHIX.
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Drawdown Indicators
| MAGRX | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.68% | -70.61% | +4.93% |
Max Drawdown (1Y)Largest decline over 1 year | -14.60% | -16.09% | +1.49% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | -31.47% | +5.17% |
Max Drawdown (10Y)Largest decline over 10 years | -50.11% | — | — |
Current DrawdownCurrent decline from peak | -4.73% | -5.24% | +0.51% |
Average DrawdownAverage peak-to-trough decline | -15.99% | -18.49% | +2.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 4.33% | -1.11% |
Volatility
MAGRX vs. GRHIX - Volatility Comparison
The current volatility for BlackRock Natural Resources Trust Fund (MAGRX) is 6.07%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 7.94%. This indicates that MAGRX 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
| MAGRX | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 7.94% | -1.87% |
Volatility (6M)Calculated over the trailing 6-month period | 13.89% | 20.96% | -7.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.83% | 29.30% | -8.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.20% | 29.52% | -8.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.62% | 29.67% | -7.05% |