TORIX vs. GRHIX
Compare and contrast key facts about Tortoise MLP & Pipeline Fund (TORIX) and Goehring & Rozencwajg Resources Fund (GRHIX).
TORIX is managed by Tortoise. It was launched on May 30, 2011. GRHIX is managed by Goehring & Rozencwajg. It was launched on Dec 29, 2016.
Performance
TORIX vs. GRHIX - Performance Comparison
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TORIX vs. GRHIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
TORIX Tortoise MLP & Pipeline Fund | 22.82% | 4.94% | 42.91% | 14.18% | 22.20% | 40.84% | -29.47% | 18.33% | -15.14% | -2.22% |
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
In the year-to-date period, TORIX achieves a 22.82% return, which is significantly higher than GRHIX's 19.81% return.
TORIX
- 1D
- -0.81%
- 1M
- 3.91%
- YTD
- 22.82%
- 6M
- 22.35%
- 1Y
- 20.48%
- 3Y*
- 27.94%
- 5Y*
- 24.92%
- 10Y*
- 13.24%
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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TORIX vs. GRHIX - Expense Ratio Comparison
TORIX has a 0.93% expense ratio, which is higher than GRHIX's 0.92% expense ratio.
Return for Risk
TORIX vs. GRHIX — Risk / Return Rank
TORIX
GRHIX
TORIX vs. GRHIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tortoise MLP & Pipeline Fund (TORIX) 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.
| TORIX | GRHIX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.14 | 3.04 | -1.90 |
Sortino ratioReturn per unit of downside risk | 1.48 | 3.41 | -1.93 |
Omega ratioGain probability vs. loss probability | 1.24 | 1.49 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.37 | 5.33 | -3.97 |
Martin ratioReturn relative to average drawdown | 3.76 | 19.81 | -16.06 |
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
| TORIX | GRHIX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.14 | 3.04 | -1.90 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.28 | 0.92 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.40 | +0.02 |
Correlation
The correlation between TORIX and GRHIX is 0.73, 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
TORIX vs. GRHIX - Dividend Comparison
TORIX's dividend yield for the trailing twelve months is around 4.14%, more than GRHIX's 2.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TORIX Tortoise MLP & Pipeline Fund | 4.14% | 5.03% | 4.92% | 4.36% | 5.28% | 4.29% | 5.63% | 4.39% | 4.22% | 2.92% | 1.87% | 5.96% |
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
TORIX vs. GRHIX - Drawdown Comparison
The maximum TORIX drawdown since its inception was -68.58%, roughly equal to the maximum GRHIX drawdown of -70.61%. Use the drawdown chart below to compare losses from any high point for TORIX and GRHIX.
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Drawdown Indicators
| TORIX | GRHIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -68.58% | -70.61% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -15.10% | -16.09% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -19.75% | -31.47% | +11.72% |
Max Drawdown (10Y)Largest decline over 10 years | -63.04% | — | — |
Current DrawdownCurrent decline from peak | -0.89% | -5.24% | +4.35% |
Average DrawdownAverage peak-to-trough decline | -14.96% | -18.49% | +3.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.50% | 4.33% | +1.17% |
Volatility
TORIX vs. GRHIX - Volatility Comparison
The current volatility for Tortoise MLP & Pipeline Fund (TORIX) is 4.14%, while Goehring & Rozencwajg Resources Fund (GRHIX) has a volatility of 7.94%. This indicates that TORIX 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
| TORIX | GRHIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.14% | 7.94% | -3.80% |
Volatility (6M)Calculated over the trailing 6-month period | 9.73% | 20.96% | -11.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.37% | 29.30% | -10.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.59% | 29.52% | -9.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.99% | 29.67% | -4.68% |