- CUSIP
- 317609253
- Issuer
- Emerald
- Inception Date
- Oct 21, 2008
- Category
- Small Cap Growth Equities
- Index Tracked
- Russell 2000 Growth Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
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Performance
FGROX Performance Chart
Emerald Growth Fund Institutional Class (FGROX) is up 33.4% since the beginning of the year. FGROX is currently trading at $40 per share. Investors who bought $1,000 worth of FGROX shares 5 years ago would now be looking at an investment worth $1,910.
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Returns By Period
Emerald Growth Fund Institutional Class (FGROX) has returned 33.40% so far this year and 74.67% over the past 12 months. Looking at the last ten years, FGROX has achieved an annualized return of 16.46%, outperforming the S&P 500 Index benchmark, which averaged 13.88% per year.
Emerald Growth Fund Institutional Class
- 1D
- 3.43%
- 1M
- 8.90%
- YTD
- 33.40%
- 6M
- 28.28%
- 1Y
- 74.67%
- 3Y*
- 31.18%
- 5Y*
- 13.82%
- 10Y*
- 16.46%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FGROX Monthly Returns History
Based on dividend-adjusted daily data since Oct 20, 2008, FGROX's average daily return is +0.06%, while the average monthly return is +1.25%. At this rate, an investment would double in approximately 4.6 years.
Historically, 64% of months were positive and 36% were negative. The best month was Apr 2026 with a return of +18.5%, while the worst month was Mar 2020 at -19.1%. The longest winning streak lasted 15 consecutive months, and the longest losing streak was 5 months.
On a daily basis, FGROX closed higher 54% of trading days. The best single day was Apr 9, 2025 with a return of +10.8%, while the worst single day was Mar 16, 2020 at -15.5%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.62% | 1.67% | -7.46% | 18.53% | 6.12% | 6.73% | 33.40% | ||||||
| 2025 | 4.15% | -7.45% | -9.10% | -0.75% | 9.68% | 10.50% | 3.50% | 6.57% | 7.00% | 5.69% | 2.40% | -2.06% | 31.85% |
| 2024 | -3.38% | 8.27% | 1.17% | -5.01% | 7.66% | 1.47% | -0.71% | 0.34% | 0.07% | -1.23% | 11.87% | -0.78% | 20.04% |
| 2023 | 9.05% | -1.68% | -2.90% | -0.40% | 0.97% | 8.17% | 4.96% | -6.60% | -6.68% | -6.43% | 11.55% | 10.06% | 19.04% |
| 2022 | -14.01% | 2.13% | 1.39% | -7.62% | -5.31% | -8.75% | 9.14% | 0.25% | -8.53% | 11.61% | 1.61% | -6.30% | -24.42% |
| 2021 | 1.47% | 4.92% | -2.86% | 4.39% | -2.64% | 1.66% | -2.14% | 3.48% | -3.72% | 5.03% | -5.56% | 0.57% | 3.91% |
Benchmark Metrics
Emerald Growth Fund Institutional Class has an annualized alpha of 0.38%, beta of 1.16, and R2 of 0.73 versus S&P 500 Index. Calculated based on daily prices since October 20, 2008.
- This fund captured 114.49% of S&P 500 Index gains and 110.88% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- Alpha
- 0.38%
- Beta
- 1.16
- R²
- 0.73
- Upside Capture
- 114.49%
- Downside Capture
- 110.88%
Expense Ratio
FGROX has an expense ratio of 0.78%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FGROX ranks 88 for risk / return — in the top 88% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Emerald Growth Fund Institutional Class (FGROX) and compare them to S&P 500 Index.
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.
| FGROX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +0.77 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.37 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 5.31 | 2.78 | +2.52 |
| Martin ratioReturn relative to average drawdown | 22.16 | 12.44 | +9.72 |
Dividends
Dividend History
Emerald Growth Fund Institutional Class provided a 8.54% dividend yield over the last twelve months, with an annual payout of $3.43 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $3.43 | $3.43 | $3.59 | $1.45 | $1.78 | $5.56 | $2.85 | $0.38 | $2.47 |
Dividend yield | 8.54% | 11.39% | 13.92% | 5.91% | 8.13% | 17.87% | 8.04% | 1.38% | 11.36% |
Monthly Dividends
The table displays the monthly dividend distributions for Emerald Growth Fund Institutional Class. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.23 | $0.00 | $0.00 | $0.00 | $1.20 | $3.43 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.59 | $3.59 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.80 | $0.00 | $0.00 | $0.00 | $0.00 | $0.65 | $1.45 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.78 | $0.00 | $0.00 | $0.00 | $0.00 | $1.78 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $5.56 | $5.56 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Emerald Growth Fund Institutional Class. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Emerald Growth Fund Institutional Class was 41.48%, occurring on Mar 18, 2020. Recovery took 95 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -41.48%Mar 2020 | 26d | 4mo 18d | 5mo 14dFeb 2020 - Aug 2020 |
Bear market2022 | -38.52%Jun 2022 | 7mo 9d | 2y 6mo | 3y 1moNov 2021 - Jan 2025 |
2016 bear market2016 | -33.35%Feb 2016 | 6mo 9d | 1y 3mo | 1y 9moAug 2015 - May 2017 |
Financial crisis2007–2009 | -32.23%Mar 2009 | 4mo 19d | 4mo 16d | 9mo 5dOct 2008 - Jul 2009 |
2011 bear market2011 | -30.85%Oct 2011 | 5mo 4d | 5mo 12d | 10mo 16dMay 2011 - Mar 2012 |
Drawdown Indicators
| FGROX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.48% | -56.78% | +15.30% |
Max Drawdown (1Y)Largest decline over 1 year | -14.36% | -9.10% | -5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -28.61% | -18.90% | -9.71% |
Max Drawdown (5Y)Largest decline over 5 years | -38.52% | -25.43% | -13.09% |
Max Drawdown (10Y)Largest decline over 10 years | -41.48% | -33.92% | -7.56% |
Current DrawdownCurrent decline from peak | 0.00% | -1.80% | +1.80% |
Average DrawdownAverage peak-to-trough decline | -10.23% | -10.71% | +0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 2.03% | +1.39% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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