PEO vs. GRHIX
PEO (Adams Natural Resources Closed Fund) and GRHIX (Goehring & Rozencwajg Resources Fund) are both Energy Equities funds. Over the past 5 years, PEO returned 17.01%/yr vs 19.57%/yr for GRHIX. A 0.75 correlation means they provide meaningful diversification when combined. PEO charges 0.64%/yr vs 0.92%/yr for GRHIX.
Performance
PEO vs. GRHIX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PEO achieves a 18.52% return, which is significantly higher than GRHIX's 6.47% return.
PEO
- 1D
- 0.77%
- 1M
- -6.32%
- YTD
- 18.52%
- 6M
- 18.19%
- 1Y
- 24.20%
- 3Y*
- 17.64%
- 5Y*
- 17.01%
- 10Y*
- 9.52%
GRHIX
- 1D
- -0.48%
- 1M
- -9.75%
- YTD
- 6.47%
- 6M
- 4.65%
- 1Y
- 40.57%
- 3Y*
- 25.64%
- 5Y*
- 19.57%
- 10Y*
- —
PEO vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEO Adams Natural Resources Closed Fund | 18.52% | 9.98% | 13.58% | 0.91% | 41.77% | 53.75% | -26.37% | 20.96% | -23.11% | 4.65% |
GRHIX Goehring & Rozencwajg Resources Fund | 6.47% | 61.65% | -1.51% | 16.61% | 16.38% | 62.15% | -2.74% | 0.01% | -30.03% | -0.96% |
Correlation
The correlation between PEO and GRHIX is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.75 |
Over the past year, the correlation between PEO and GRHIX has dropped to 0.43 - well below their long-term average of 0.75, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PEO vs. GRHIX — Risk / Return Rank
PEO
GRHIX
PEO vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Adams Natural Resources Closed Fund (PEO) 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.
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.
| PEO | GRHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.20 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.26 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.04 | 2.53 | -0.49 |
| Martin ratioReturn relative to average drawdown | 6.31 | 7.86 | -1.54 |
Loading charts...
Drawdowns
PEO vs. GRHIX - Drawdown Comparison
The maximum PEO drawdown since its inception was -71.88%, roughly equal to the maximum GRHIX drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for PEO and GRHIX.
Loading charts...
Drawdown Indicators
| PEO | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -71.88% | -70.61% | -1.27% |
Max Drawdown (1Y)Largest decline over 1 year | -11.93% | -15.79% | +3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -18.86% | -25.32% | +6.46% |
Max Drawdown (5Y)Largest decline over 5 years | -24.30% | -31.47% | +7.17% |
Max Drawdown (10Y)Largest decline over 10 years | -67.74% | — | — |
Current DrawdownCurrent decline from peak | -10.96% | -15.79% | +4.83% |
Average DrawdownAverage peak-to-trough decline | -15.31% | -18.18% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.85% | 5.08% | -1.23% |
Volatility
PEO vs. GRHIX - Volatility Comparison
The current volatility for Adams Natural Resources Closed Fund (PEO) is 5.41%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 8.30%. This indicates that PEO 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.
Loading charts...
Volatility by Period
| PEO | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.41% | 8.30% | -2.89% |
Volatility (6M)Calculated over the trailing 6-month period | 14.73% | 19.20% | -4.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.70% | 25.36% | -7.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.37% | 29.12% | -5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.33% | 29.50% | -2.17% |
PEO vs. GRHIX - Expense Ratio Comparison
PEO has a 0.64% expense ratio, which is lower than GRHIX's 0.92% expense ratio.
Dividends
PEO vs. GRHIX - Dividend Comparison
PEO's dividend yield for the trailing twelve months is around 8.12%, more than GRHIX's 3.19% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRHIX Goehring & Rozencwajg Resources Fund | 3.19% | 3.39% | 4.02% | 3.19% | 1.21% | 3.25% | 2.03% | 0.57% | 1.18% | 0.51% | 0.00% | 0.00% |
PEO Adams Natural Resources Closed Fund | 8.12% | 9.43% | 8.14% | 6.54% | 7.48% | 5.51% | 6.42% | 6.68% | 5.63% | 5.95% | 5.65% | 7.78% |
Frequently Asked Questions
PEO and GRHIX have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRHIX has higher volatility (8.30%) compared to PEO (5.41%). In terms of maximum drawdown, PEO dropped -71.88% vs GRHIX's -70.61%.
GRHIX currently has the higher Sharpe Ratio (1.58 vs 1.38), 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.
Find the right allocation for PEO and GRHIX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer