MAGRX vs. PSPFX
MAGRX (BlackRock Natural Resources Trust Fund) and PSPFX (U.S. Global Investors Global Resources Fund) are both Energy Equities funds. Over the past 10 years, MAGRX returned 9.35%/yr vs 8.70%/yr for PSPFX. A 0.79 correlation means they provide meaningful diversification when combined. MAGRX charges 0.87%/yr vs 1.54%/yr for PSPFX.
Performance
MAGRX vs. PSPFX - Performance Comparison
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Returns By Period
In the year-to-date period, MAGRX achieves a 11.11% return, which is significantly higher than PSPFX's 1.03% return. Over the past 10 years, MAGRX has outperformed PSPFX with an annualized return of 9.35%, while PSPFX has yielded a comparatively lower 8.70% annualized return.
MAGRX
- 1D
- 0.21%
- 1M
- -4.49%
- YTD
- 11.11%
- 6M
- 10.41%
- 1Y
- 31.35%
- 3Y*
- 13.05%
- 5Y*
- 10.88%
- 10Y*
- 9.35%
PSPFX
- 1D
- -0.85%
- 1M
- -12.26%
- YTD
- 1.03%
- 6M
- -0.19%
- 1Y
- 58.71%
- 3Y*
- 18.53%
- 5Y*
- 7.99%
- 10Y*
- 8.70%
MAGRX vs. PSPFX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
MAGRX BlackRock Natural Resources Trust Fund | 11.11% | 30.26% | -5.65% | -1.36% | 17.20% | 30.76% | 3.20% | 15.34% | -17.95% | 8.20% |
PSPFX U.S. Global Investors Global Resources Fund | 1.03% | 80.27% | -3.74% | -7.67% | -12.39% | 13.97% | 37.05% | 7.80% | -24.97% | 19.62% |
Correlation
The correlation between MAGRX and PSPFX is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 1988 | 0.79 |
The correlation between MAGRX and PSPFX shifts across timeframes, from 0.70 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
MAGRX vs. PSPFX — Risk / Return Rank
MAGRX
PSPFX
MAGRX vs. PSPFX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BlackRock Natural Resources Trust Fund (MAGRX) and U.S. Global Investors Global Resources Fund (PSPFX). 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.
| MAGRX | PSPFX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.23 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.35 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.36 | 3.22 | +0.14 |
| Martin ratioReturn relative to average drawdown | 9.99 | 9.99 | 0.00 |
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Drawdowns
MAGRX vs. PSPFX - Drawdown Comparison
The maximum MAGRX drawdown since its inception was -65.68%, smaller than the maximum PSPFX drawdown of -79.09%. Use the drawdown chart below to compare losses from any high point for MAGRX and PSPFX.
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Drawdown Indicators
| MAGRX | PSPFX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.68% | -79.09% | +13.41% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -17.96% | +8.69% |
Max Drawdown (3Y)Largest decline over 3 years | -19.46% | -20.50% | +1.04% |
Max Drawdown (5Y)Largest decline over 5 years | -26.30% | -39.15% | +12.85% |
Max Drawdown (10Y)Largest decline over 10 years | -50.11% | -56.80% | +6.69% |
Current DrawdownCurrent decline from peak | -8.94% | -19.12% | +10.18% |
Average DrawdownAverage peak-to-trough decline | -15.92% | -42.47% | +26.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.11% | 5.78% | -2.67% |
Volatility
MAGRX vs. PSPFX - Volatility Comparison
The current volatility for BlackRock Natural Resources Trust Fund (MAGRX) is 5.44%, while U.S. Global Investors Global Resources Fund (PSPFX) has a volatility of 10.46%. This indicates that MAGRX experiences smaller price fluctuations and is considered to be less risky than PSPFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MAGRX | PSPFX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.44% | 10.46% | -5.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.70% | 24.09% | -10.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.35% | 28.52% | -11.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 23.37% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.53% | 21.99% | +0.54% |
MAGRX vs. PSPFX - Expense Ratio Comparison
MAGRX has a 0.87% expense ratio, which is lower than PSPFX's 1.54% expense ratio.
Dividends
MAGRX vs. PSPFX - Dividend Comparison
MAGRX's dividend yield for the trailing twelve months is around 7.60%, less than PSPFX's 44.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MAGRX BlackRock Natural Resources Trust Fund | 7.60% | 8.44% | 3.32% | 4.16% | 10.86% | 3.90% | 2.07% | 2.97% | 20.12% | 49.72% | 0.87% | 8.29% |
PSPFX U.S. Global Investors Global Resources Fund | 44.93% | 0.83% | 4.34% | 0.00% | 15.68% | 18.92% | 5.49% | 1.90% | 4.70% | 3.01% | 3.33% | 1.12% |
Frequently Asked Questions
MAGRX and PSPFX have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSPFX has higher volatility (10.46%) compared to MAGRX (5.44%). In terms of maximum drawdown, MAGRX dropped -65.68% vs PSPFX's -79.09%.
PSPFX currently has the higher Sharpe Ratio (2.03 vs 1.80), 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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