RSRFX vs. GGINX
RSRFX (Reaves Infrastructure Fund) and GGINX (Goldman Sachs Global Infrastructure Fund) are both Infrastructure Equities funds. Over the past 5 years, RSRFX returned 4.71%/yr vs 10.55%/yr for GGINX. Their 0.79 correlation means they have sometimes moved together and sometimes differently. Both charge a 1.10% expense ratio.
Performance
RSRFX vs. GGINX - Performance Comparison
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Returns By Period
In the year-to-date period, RSRFX achieves a 13.11% return, which is significantly higher than GGINX's 11.09% return.
RSRFX
- 1D
- 2.27%
- 1M
- -4.64%
- 6M
- 8.11%
- YTD
- 13.11%
- 1Y
- 3.01%
- 3Y*
- 12.39%
- 5Y*
- 4.71%
- 10Y*
- 5.99%
- ALL TIME*
- 6.85%
GGINX
- 1D
- 0.35%
- 1M
- -0.07%
- 6M
- 6.55%
- YTD
- 11.09%
- 1Y
- 14.87%
- 3Y*
- 18.97%
- 5Y*
- 10.55%
- 10Y*
- —
- ALL TIME*
- 9.42%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
RSRFX vs. GGINX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RSRFX Reaves Infrastructure Fund | 13.11% | 3.73% | 20.64% | 1.77% | -16.84% | 14.56% | 1.83% | 31.48% | -7.19% | 5.09% |
GGINX Goldman Sachs Global Infrastructure Fund | 11.09% | 15.18% | 28.43% | 5.00% | -8.51% | 16.49% | -3.81% | 31.50% | -8.99% | 11.75% |
Correlation
The correlation between RSRFX and GGINX is 0.41, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.41 |
Correlation (3Y) Balances recent behavior with more history. | 0.63 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.79 |
Over the past year, the correlation between RSRFX and GGINX has dropped to 0.41 - well below their long-term average of 0.79, suggesting their price drivers have been diverging.
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Return for Risk
RSRFX vs. GGINX — Risk / Return Rank
RSRFX
GGINX
RSRFX vs. GGINX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Reaves Infrastructure Fund (RSRFX) and Goldman Sachs Global Infrastructure Fund (GGINX). 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.
| RSRFX | GGINX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.25 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 2.84 | -2.71 |
| Martin ratioReturn relative to average drawdown | 0.36 | 7.30 | -6.94 |
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Drawdowns
RSRFX vs. GGINX - Drawdown Comparison
The maximum RSRFX drawdown since its inception was -55.96%, which is greater than GGINX's maximum drawdown of -35.80%. Use the drawdown chart below to compare losses from any high point for RSRFX and GGINX.
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Drawdown Indicators
| RSRFX | GGINX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -55.96% | -35.80% | -20.16% |
Max Drawdown (1Y)Largest decline over 1 year | -18.72% | -5.59% | -13.13% |
Max Drawdown (3Y)Largest decline over 3 years | -18.72% | -15.39% | -3.33% |
Max Drawdown (5Y)Largest decline over 5 years | -27.35% | -24.21% | -3.14% |
Max Drawdown (10Y)Largest decline over 10 years | -36.32% | — | — |
Current DrawdownCurrent decline from peak | -9.85% | -3.41% | -6.44% |
Average DrawdownAverage peak-to-trough decline | -10.06% | -5.85% | -4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.12% | 2.17% | +4.95% |
Volatility
RSRFX vs. GGINX - Volatility Comparison
Reaves Infrastructure Fund (RSRFX) has a higher volatility of 5.42% compared to Goldman Sachs Global Infrastructure Fund (GGINX) at 3.64%. This indicates that RSRFX's price experiences larger fluctuations and is considered to be riskier than GGINX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSRFX | GGINX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.42% | 3.64% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 14.84% | 9.26% | +5.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.45% | 11.12% | +10.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.69% | 19.76% | -2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.80% | 18.91% | -1.11% |
RSRFX vs. GGINX - Expense Ratio Comparison
Both RSRFX and GGINX have an expense ratio of 1.10%.
Dividends
RSRFX vs. GGINX - Dividend Comparison
RSRFX's dividend yield for the trailing twelve months is around 0.46%, less than GGINX's 6.16% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GGINX Goldman Sachs Global Infrastructure Fund | 6.16% | 6.26% | 30.25% | 2.67% | 0.89% | 1.86% | 1.75% | 2.04% | 1.98% | 2.53% | 0.00% | 0.00% |
RSRFX Reaves Infrastructure Fund | 0.46% | 0.66% | 1.50% | 3.03% | 12.44% | 5.16% | 0.56% | 7.44% | 10.43% | 1.08% | 19.57% | 2.65% |
Frequently Asked Questions
RSRFX and GGINX have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RSRFX has higher volatility (5.42%) compared to GGINX (3.64%). In terms of maximum drawdown, RSRFX dropped -55.96% vs GGINX's -35.80%.
GGINX currently has the higher Sharpe Ratio (1.43 vs 0.12), 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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