SMLPX vs. GRHIX
Compare and contrast key facts about Salient MLP & Energy Infrastructure Fund (SMLPX) and Goehring & Rozencwajg Resources Fund (GRHIX).
SMLPX is managed by Salient Funds. It was launched on Sep 18, 2012. GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016.
Performance
SMLPX vs. GRHIX - Performance Comparison
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SMLPX vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SMLPX Salient MLP & Energy Infrastructure Fund | 20.14% | 5.22% | 37.87% | 14.06% | 14.69% | 22.69% | -17.25% | 16.36% | -18.10% | -7.70% |
GRHIX Goehring & Rozencwajg Resources Fund | 19.81% | 61.65% | -1.51% | 16.61% | 16.38% | 62.15% | -2.74% | 0.01% | -30.03% | -0.96% |
Returns By Period
The year-to-date returns for both stocks are quite close, with SMLPX having a 20.14% return and GRHIX slightly lower at 19.81%.
SMLPX
- 1D
- -1.05%
- 1M
- 2.67%
- YTD
- 20.14%
- 6M
- 18.72%
- 1Y
- 19.59%
- 3Y*
- 25.70%
- 5Y*
- 19.94%
- 10Y*
- 12.19%
GRHIX
- 1D
- -1.67%
- 1M
- -4.66%
- YTD
- 19.81%
- 6M
- 30.25%
- 1Y
- 88.42%
- 3Y*
- 30.35%
- 5Y*
- 26.90%
- 10Y*
- —
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SMLPX vs. GRHIX - Expense Ratio Comparison
SMLPX has a 1.35% expense ratio, which is higher than GRHIX's 0.92% expense ratio.
Return for Risk
SMLPX vs. GRHIX — Risk / Return Rank
SMLPX
GRHIX
SMLPX vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Salient MLP & Energy Infrastructure Fund (SMLPX) 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.
| SMLPX | GRHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.06 | 3.04 | -1.98 |
Sortino ratioReturn per unit of downside risk | 1.39 | 3.41 | -2.03 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.49 | -0.27 |
Calmar ratioReturn relative to maximum drawdown | 1.27 | 5.33 | -4.06 |
Martin ratioReturn relative to average drawdown | 4.07 | 19.81 | -15.75 |
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
| SMLPX | GRHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.06 | 3.04 | -1.98 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.00 | 0.92 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.50 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.27 | 0.40 | -0.13 |
Correlation
The correlation between SMLPX 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
SMLPX vs. GRHIX - Dividend Comparison
SMLPX's dividend yield for the trailing twelve months is around 3.74%, more than GRHIX's 2.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLPX Salient MLP & Energy Infrastructure Fund | 3.74% | 4.45% | 4.48% | 5.75% | 2.19% | 3.69% | 5.82% | 4.54% | 6.21% | 6.09% | 6.31% | 8.63% |
GRHIX Goehring & Rozencwajg Resources Fund | 2.83% | 3.39% | 4.02% | 3.19% | 1.21% | 3.25% | 2.03% | 0.57% | 1.18% | 0.51% | 0.00% | 0.00% |
Drawdowns
SMLPX vs. GRHIX - Drawdown Comparison
The maximum SMLPX drawdown since its inception was -73.06%, roughly equal to the maximum GRHIX drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for SMLPX and GRHIX.
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Drawdown Indicators
| SMLPX | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.06% | -70.61% | -2.45% |
Max Drawdown (1Y)Largest decline over 1 year | -15.57% | -16.09% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.32% | -31.47% | +10.15% |
Max Drawdown (10Y)Largest decline over 10 years | -60.49% | — | — |
Current DrawdownCurrent decline from peak | -1.05% | -5.24% | +4.19% |
Average DrawdownAverage peak-to-trough decline | -27.46% | -18.49% | -8.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.87% | 4.33% | +0.54% |
Volatility
SMLPX vs. GRHIX - Volatility Comparison
The current volatility for Salient MLP & Energy Infrastructure Fund (SMLPX) is 3.57%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 7.94%. This indicates that SMLPX 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
| SMLPX | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.57% | 7.94% | -4.37% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 20.96% | -11.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.72% | 29.30% | -10.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.94% | 29.52% | -9.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.34% | 29.67% | -5.33% |