Guinness Atkinson Alternative Energy Fund (GAAEX)

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The chart shows the growth of an initial investment of $10,000 in Guinness Atkinson Alternative Energy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

Guinness Atkinson Alternative Energy Fund (GAAEX) has returned -3.94% so far this year and 28.02% over the past 12 months. Over the last ten years, GAAEX has returned 8.24% per year, falling short of the S&P 500 Index benchmark, which averaged 12.16% annually.

Based on dividend-adjusted daily data since Mar 31, 2006, GAAEX's average daily return is 0.00%, while the average monthly return is +0.10%. At this rate, your investment would double in approximately 57.8 years.

Historically, 53% 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 -9.08%, beta of 1.05, and R² of 0.57 versus S&P 500 Index. Calculated based on daily prices since April 03, 2006.

• This fund participated in 144.88% of S&P 500 Index downside but only 102.49% of its upside — more exposed to losses than it benefited from rallies.
• This fund had an annualized alpha of -9.08% versus S&P 500 Index — delivering less than market exposure alone would predict.
• With beta of 1.05 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 67 for risk / return — better than 67% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for Guinness Atkinson Alternative Energy Fund (GAAEX) and compare them to a chosen benchmark (S&P 500 Index).

Guinness Atkinson Alternative Energy Fund provided a 0.34% 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 59.02%.

The chart below shows the rolling one-month volatility.