PEO vs. GRHIX
Compare and contrast key facts about Adams Natural Resources Closed Fund (PEO) and Goehring & Rozencwajg Resources Fund (GRHIX).
PEO is an actively managed fund by Adams Funds. It was launched on Jan 30, 1929. GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016.
Performance
PEO vs. GRHIX - Performance Comparison
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PEO vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PEO Adams Natural Resources Closed Fund | 24.52% | 9.98% | 13.58% | 0.91% | 41.77% | 53.75% | -26.37% | 20.96% | -23.11% | 3.47% |
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, PEO achieves a 24.52% return, which is significantly higher than GRHIX's 21.33% return.
PEO
- 1D
- -4.57%
- 1M
- -0.15%
- YTD
- 24.52%
- 6M
- 27.94%
- 1Y
- 27.09%
- 3Y*
- 18.33%
- 5Y*
- 20.88%
- 10Y*
- 11.30%
GRHIX
- 1D
- 1.27%
- 1M
- -4.03%
- YTD
- 21.33%
- 6M
- 30.10%
- 1Y
- 89.80%
- 3Y*
- 30.90%
- 5Y*
- 26.38%
- 10Y*
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PEO vs. GRHIX - Expense Ratio Comparison
PEO has a 0.64% expense ratio, which is lower than GRHIX's 0.92% expense ratio.
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.
| PEO | GRHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.17 | 3.12 | -1.95 |
Sortino ratioReturn per unit of downside risk | 1.59 | 3.48 | -1.89 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.50 | -0.25 |
Calmar ratioReturn relative to maximum drawdown | 1.57 | 5.65 | -4.08 |
Martin ratioReturn relative to average drawdown | 5.33 | 20.93 | -15.61 |
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
| PEO | GRHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.17 | 3.12 | -1.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.90 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.41 | -0.08 |
Correlation
The correlation between PEO and GRHIX is 0.75, 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
PEO vs. GRHIX - Dividend Comparison
PEO's dividend yield for the trailing twelve months is around 7.58%, more than GRHIX's 2.80% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEO Adams Natural Resources Closed Fund | 7.58% | 9.43% | 8.14% | 6.54% | 7.48% | 5.51% | 6.42% | 6.68% | 5.63% | 5.95% | 5.65% | 7.78% |
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% | 0.00% | 0.00% |
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.
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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 | -17.54% | -16.02% | -1.52% |
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 | -6.45% | -4.03% | -2.42% |
Average DrawdownAverage peak-to-trough decline | -15.36% | -18.48% | +3.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.17% | 4.34% | +0.83% |
Volatility
PEO vs. GRHIX - Volatility Comparison
The current volatility for Adams Natural Resources Closed Fund (PEO) is 7.19%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 8.04%. 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.
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Volatility by Period
| PEO | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.19% | 8.04% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 13.05% | 20.99% | -7.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.21% | 29.26% | -6.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.49% | 29.52% | -6.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.31% | 29.67% | -2.36% |