Guinness Atkinson Alternative Energy Fund (GAAEX)

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Guinness Atkinson Alternative Energy Fund (GAAEX) is up 16.4% since the beginning of the year. GAAEX is currently trading at $7 per share. Investors who bought $1,000 worth of GAAEX shares 5 years ago would now be looking at an investment worth $1,193.

Guinness Atkinson Alternative Energy Fund (GAAEX) has returned 16.38% so far this year and 37.54% over the past 12 months. Over the last ten years, GAAEX has returned 10.99% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Mar 31, 2006, GAAEX's average daily return is +0.01%, while the average monthly return is +0.18%. At this rate, an investment would double in approximately 32.1 years.

Historically, 52% of months were positive and 48% were negative. The best month was May 2009 with a return of +17.9%, while the worst month was Oct 2008 at -38.6%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.

On a daily basis, GAAEX closed higher 47% of trading days. The best single day was Oct 13, 2008 with a return of +15.3%, while the worst single day was Sep 29, 2008 at -12.8%.

Guinness Atkinson Alternative Energy Fund has an annualized alpha of -8.90%, beta of 1.06, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since March 31, 2006.

• This fund participated in 145.34% of S&P 500 Index downside but only 102.83% of its upside - more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -8.90% versus S&P 500 Index - delivering less than market exposure alone would predict.
• With beta of 1.06 and R2 of 0.57, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.

GAAEX has a high expense ratio of 1.98%, indicating above-average management fees.

GAAEX ranks 44 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.

Guinness Atkinson Alternative Energy Fund provided a 0.28% dividend yield over the last twelve months, with an annual payout of $0.02 per share.

The table displays the monthly dividend distributions for Guinness Atkinson Alternative Energy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Guinness Atkinson Alternative Energy Fund. 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 Guinness Atkinson Alternative Energy Fund was 85.83%, occurring on Nov 20, 2012. The portfolio has not yet recovered.

The current Guinness Atkinson Alternative Energy Fund drawdown is 50.36%.

The chart below shows the rolling one-month volatility.