MGIFX vs. GOFIX

Last updated Jun 4, 2026

MGIFX (Mondrian Global Listed Infrastructure Fund) and GOFIX (GMO Resources Fund) are both Energy Equities funds. Over the past 5 years, MGIFX returned 9.27%/yr vs 7.85%/yr for GOFIX. A 0.55 correlation means they provide meaningful diversification when combined. MGIFX charges 0.95%/yr vs 0.72%/yr for GOFIX.

Performance

MGIFX vs. GOFIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mondrian Global Listed Infrastructure Fund (MGIFX) and GMO Resources Fund (GOFIX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MGIFX achieves a 13.34% return, which is significantly lower than GOFIX's 36.01% return.

MGIFX

• 1D: 0.00%
• 1M: -0.21%
• YTD: 13.34%
• 6M: 14.25%
• 1Y: 23.15%
• 3Y*: 13.63%
• 5Y*: 9.27%
• 10Y*: —

GOFIX

• 1D: 1.59%
• 1M: 2.05%
• YTD: 36.01%
• 6M: 36.89%
• 1Y: 77.40%
• 3Y*: 12.17%
• 5Y*: 7.85%
• 10Y*: 14.42%

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

MGIFX vs. GOFIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
MGIFX Mondrian Global Listed Infrastructure Fund	13.34%	28.20%	-0.47%	7.88%	-3.61%	11.74%	-0.69%	31.06%
GOFIX GMO Resources Fund	36.01%	23.10%	-17.91%	-1.38%	-0.80%	32.01%	22.47%	20.10%

Correlation

The correlation between MGIFX and GOFIX is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.46
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (All Time) Calculated using the full available price history since Jan 2, 2019	0.55

Over the past year, the correlation between MGIFX and GOFIX has dropped to 0.34 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.

Return for Risk

MGIFX vs. GOFIX — Risk / Return Rank

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

MGIFX

MGIFX Risk / Return Rank: 68
MGIFX Sharpe Ratio Rank: 71
MGIFX Sortino Ratio Rank: 66
MGIFX Omega Ratio Rank: 65
MGIFX Calmar Ratio Rank: 74
MGIFX Martin Ratio Rank: 66

GOFIX

GOFIX Risk / Return Rank: 96
GOFIX Sharpe Ratio Rank: 98
GOFIX Sortino Ratio Rank: 94
GOFIX Omega Ratio Rank: 90
GOFIX Calmar Ratio Rank: 99
GOFIX Martin Ratio Rank: 99

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.

MGIFX vs. GOFIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mondrian Global Listed Infrastructure Fund (MGIFX) and GMO Resources Fund (GOFIX). 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.

	MGIFX	GOFIX	Difference
Sharpe ratio: Return per unit of total volatility	2.46	4.03	-1.57
Sortino ratio: Return per unit of downside risk	3.41	4.93	-1.52
Omega ratio: Gain probability vs. loss probability	1.45	1.64	-0.19
Calmar ratio: Return relative to maximum drawdown	3.38	13.39	-10.01
Martin ratio: Return relative to average drawdown	12.98	41.88	-28.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MGIFX vs. GOFIX - Sharpe Ratio Comparison

The current MGIFX Sharpe Ratio is 2.46, which is lower than the GOFIX Sharpe Ratio of 4.03. The chart below compares the historical Sharpe Ratios of MGIFX and GOFIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	MGIFX	GOFIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.46	4.03	-1.57
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	0.31	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.71	0.35	+0.35

Drawdowns

MGIFX vs. GOFIX - Drawdown Comparison

The maximum MGIFX drawdown since its inception was -36.75%, smaller than the maximum GOFIX drawdown of -51.77%. Use the drawdown chart below to compare losses from any high point for MGIFX and GOFIX.

Drawdown Indicators

	MGIFX	GOFIX	Difference
Max Drawdown Largest peak-to-trough decline	-36.75%	-51.77%	+15.02%
Max Drawdown (1Y) Largest decline over 1 year	-7.78%	-6.04%	-1.74%
Max Drawdown (3Y) Largest decline over 3 years	-16.62%	-41.28%	+24.66%
Max Drawdown (5Y) Largest decline over 5 years	-23.41%	-45.10%	+21.69%
Max Drawdown (10Y) Largest decline over 10 years	—	-45.98%	—
Current Drawdown Current decline from peak	-2.22%	0.00%	-2.22%
Average Drawdown Average peak-to-trough decline	-5.20%	-13.59%	+8.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	1.93%	+0.08%

Volatility

MGIFX vs. GOFIX - Volatility Comparison

The current volatility for Mondrian Global Listed Infrastructure Fund (MGIFX) is 3.44%, while GMO Resources Fund (GOFIX) has a volatility of 3.96%. This indicates that MGIFX experiences smaller price fluctuations and is considered to be less risky than GOFIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MGIFX	GOFIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.44%	3.96%	-0.52%
Volatility (6M) Calculated over the trailing 6-month period	8.49%	14.05%	-5.56%
Volatility (1Y) Calculated over the trailing 1-year period	10.70%	20.06%	-9.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.20%	25.18%	-11.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.87%	25.33%	-9.46%

MGIFX vs. GOFIX - Expense Ratio Comparison

MGIFX has a 0.95% expense ratio, which is higher than GOFIX's 0.72% expense ratio.

Dividends

MGIFX vs. GOFIX - Dividend Comparison

MGIFX's dividend yield for the trailing twelve months is around 49.24%, more than GOFIX's 3.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GOFIX GMO Resources Fund	3.22%	4.38%	3.01%	5.90%	10.25%	17.81%	3.66%	2.99%	4.06%	3.86%	2.89%	3.30%
MGIFX Mondrian Global Listed Infrastructure Fund	49.24%	7.56%	3.17%	5.41%	8.60%	7.13%	6.18%	6.74%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MGIFX and GOFIX in my portfolio?

MGIFX and GOFIX have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MGIFX or GOFIX?

GOFIX has higher volatility (3.96%) compared to MGIFX (3.44%). In terms of maximum drawdown, MGIFX dropped -36.75% vs GOFIX's -51.77%.

Which has better risk-adjusted returns?

GOFIX currently has the higher Sharpe Ratio (4.03 vs 2.46), 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.