SOAEX vs. GRHIX
SOAEX (Spirit of America Energy Fund) and GRHIX (Goehring & Rozencwajg Resources Fund) are both Energy Equities funds. Over the past 5 years, SOAEX returned 21.01%/yr vs 21.33%/yr for GRHIX. Their 0.74 correlation means they have sometimes moved together and sometimes differently. SOAEX charges 1.50%/yr vs 0.92%/yr for GRHIX.
Performance
SOAEX vs. GRHIX - Performance Comparison
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Returns By Period
In the year-to-date period, SOAEX achieves a 31.71% return, which is significantly higher than GRHIX's 6.01% return.
SOAEX
- 1D
- 1.28%
- 1M
- 7.02%
- 6M
- 20.94%
- YTD
- 31.71%
- 1Y
- 34.25%
- 3Y*
- 20.62%
- 5Y*
- 21.01%
- 10Y*
- 34.21%
- ALL TIME*
- 22.58%
GRHIX
- 1D
- 2.31%
- 1M
- 3.38%
- 6M
- -7.75%
- YTD
- 6.01%
- 1Y
- 43.99%
- 3Y*
- 20.06%
- 5Y*
- 21.33%
- 10Y*
- —
- ALL TIME*
- 10.06%
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 |
SOAEX vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SOAEX Spirit of America Energy Fund | 31.71% | 6.05% | 19.30% | 13.10% | 30.26% | 34.19% | 96.43% | 11.49% | 148.45% | -3.97% |
GRHIX Goehring & Rozencwajg Resources Fund | 6.01% | 61.65% | -1.51% | 16.61% | 16.38% | 62.15% | -2.74% | 0.01% | -30.03% | -0.96% |
Correlation
The correlation between SOAEX and GRHIX is 0.48, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.48 |
Correlation (3Y) Balances recent behavior with more history. | 0.57 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jan 3, 2017 | 0.74 |
Over the past year, the correlation between SOAEX and GRHIX has dropped to 0.48 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
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Return for Risk
SOAEX vs. GRHIX — Risk / Return Rank
SOAEX
GRHIX
SOAEX vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Spirit of America Energy Fund (SOAEX) 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.
| SOAEX | GRHIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.71 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.26 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.06 | 1.96 | +2.10 |
| Martin ratioReturn relative to average drawdown | 10.33 | 5.16 | +5.17 |
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Drawdowns
SOAEX vs. GRHIX - Drawdown Comparison
The maximum SOAEX drawdown since its inception was -67.07%, smaller than the maximum GRHIX drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for SOAEX and GRHIX.
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Drawdown Indicators
| SOAEX | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -67.07% | -70.61% | +3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -8.03% | -20.26% | +12.23% |
Max Drawdown (3Y)Largest decline over 3 years | -19.30% | -25.32% | +6.02% |
Max Drawdown (5Y)Largest decline over 5 years | -20.84% | -31.47% | +10.63% |
Max Drawdown (10Y)Largest decline over 10 years | -67.07% | — | — |
Current DrawdownCurrent decline from peak | -1.76% | -16.15% | +14.39% |
Average DrawdownAverage peak-to-trough decline | -14.73% | -18.18% | +3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 7.68% | -4.53% |
Volatility
SOAEX vs. GRHIX - Volatility Comparison
The current volatility for Spirit of America Energy Fund (SOAEX) is 4.80%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 6.27%. This indicates that SOAEX 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
| SOAEX | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.80% | 6.27% | -1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.72% | 19.01% | -6.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 25.75% | -9.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.80% | 28.90% | -9.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 97.68% | 29.42% | +68.26% |
SOAEX vs. GRHIX - Expense Ratio Comparison
SOAEX has a 1.50% expense ratio, which is higher than GRHIX's 0.92% expense ratio.
Dividends
SOAEX vs. GRHIX - Dividend Comparison
SOAEX's dividend yield for the trailing twelve months is around 11.19%, more than GRHIX's 3.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GRHIX Goehring & Rozencwajg Resources Fund | 3.20% | 3.39% | 4.02% | 3.19% | 1.21% | 3.25% | 2.03% | 0.57% | 1.18% | 0.51% | 0.00% | 0.00% |
SOAEX Spirit of America Energy Fund | 11.19% | 13.91% | 26.36% | 24.88% | 22.14% | 23.25% | 21.16% | 20.73% | 15.62% | 17.90% | 13.40% | 14.76% |
Frequently Asked Questions
SOAEX and GRHIX have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GRHIX has higher volatility (6.27%) compared to SOAEX (4.80%). In terms of maximum drawdown, SOAEX dropped -67.07% vs GRHIX's -70.61%.
SOAEX currently has the higher Sharpe Ratio (2.04 vs 1.55), 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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