Guinness Atkinson Alternative Energy Fund (GAAEX)
The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in publicly-traded equity securities of alternative energy companies (both U.S. and non-U.S.). The Advisor will invest the fund's assets in securities of all market capitalization companies, but under normal market conditions, it will invest in companies with a minimum market capitalization of $500 milllion. The fund will invest in companies economically tied to U.S. and to foreign countries, including, potentially, companies domiciled or traded in emerging markets.
Fund Info
| ISIN | US4020315044 |
|---|---|
| CUSIP | 402031504 |
| Issuer | Guinness Atkinson |
| Inception Date | Mar 30, 2006 |
| Category | Global Equities |
| Min. Investment | $5,000 |
| Asset Class | Equity |
Asset Class Size | Mid-Cap |
Asset Class Style | Growth |
Expense Ratio
GAAEX has a high expense ratio of 1.98%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: GAAEX vs. FXAIX
Performance
Performance Chart
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.
Returns By Period
Guinness Atkinson Alternative Energy Fund had a return of 3.15% year-to-date (YTD) and -5.30% in the last 12 months. Over the past 10 years, Guinness Atkinson Alternative Energy Fund had an annualized return of 3.76%, while the S&P 500 had an annualized return of 10.99%, indicating that Guinness Atkinson Alternative Energy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.15% | 11.18% |
| 1 month | 11.53% | 5.60% |
| 6 months | 15.69% | 17.48% |
| 1 year | -5.30% | 26.33% |
| 5 years (annualized) | 15.68% | 13.16% |
| 10 years (annualized) | 3.76% | 10.99% |
Monthly Returns
The table below presents the monthly returns of GAAEX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -9.44% | 5.60% | 4.02% | -3.69% | 3.15% | ||||||||
| 2023 | 10.24% | -4.18% | 3.39% | -4.38% | 0.00% | 3.59% | 0.63% | -9.56% | -8.32% | -11.91% | 11.16% | 10.42% | -2.39% |
| 2022 | -11.77% | 1.18% | 1.50% | -9.87% | 4.74% | -8.89% | 13.96% | -1.85% | -10.26% | 5.52% | 14.26% | -7.42% | -12.67% |
| 2021 | 4.04% | -1.40% | -1.26% | 0.16% | 0.48% | 3.80% | 1.22% | 3.17% | -4.24% | 7.48% | -4.55% | -0.15% | 8.40% |
| 2020 | -2.41% | -0.93% | -18.07% | 12.17% | 8.81% | 9.97% | 13.31% | 10.75% | 0.45% | 5.62% | 15.11% | 14.42% | 86.45% |
| 2019 | 12.94% | 3.47% | -3.36% | 7.29% | -8.74% | 7.80% | -1.97% | -3.02% | 2.08% | 1.69% | 2.33% | 8.14% | 30.20% |
| 2018 | 3.97% | -5.09% | 2.01% | 6.25% | -0.31% | -9.32% | 3.42% | -3.31% | -2.40% | -10.18% | 7.03% | -6.86% | -15.50% |
| 2017 | 3.59% | 3.07% | -1.87% | 1.90% | -0.00% | 2.24% | 4.74% | -1.40% | 4.59% | 2.02% | -2.98% | 3.40% | 20.70% |
| 2016 | -13.53% | -1.53% | 8.53% | -0.71% | -3.96% | -1.12% | 1.14% | 5.25% | -2.14% | -3.27% | -4.51% | -1.19% | -17.16% |
| 2015 | -5.26% | 7.72% | 1.72% | 7.60% | -3.14% | -4.87% | -7.67% | -10.46% | -3.78% | 7.86% | -5.30% | 5.94% | -11.40% |
| 2014 | 2.26% | 7.60% | -3.87% | -2.61% | 3.65% | 4.93% | -8.72% | 4.66% | -6.32% | -3.75% | -4.16% | -7.32% | -14.29% |
| 2013 | 12.14% | -0.36% | -5.79% | 10.00% | 10.49% | -1.26% | 16.99% | -4.38% | 15.47% | 2.48% | 2.18% | -5.45% | 61.53% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of GAAEX is 1, indicating that it is in the bottom 1% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
GAAEX (Guinness Atkinson Alternative Energy Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Guinness Atkinson Alternative Energy Fund (GAAEX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Guinness Atkinson Alternative Energy Fund granted a 0.00% dividend yield in the last twelve months. The annual payout for that period amounted to $0.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 |
Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.09% | 0.28% |
Monthly Dividends
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.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |||||||
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2017 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
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 85.93%, occurring on Nov 20, 2012. The portfolio has not yet recovered.
The current Guinness Atkinson Alternative Energy Fund drawdown is 60.77%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -85.93% | Nov 7, 2007 | 1269 | Nov 20, 2012 | — | — | — |
| -27.03% | May 8, 2006 | 98 | Sep 25, 2006 | 142 | Apr 20, 2007 | 240 |
| -17.98% | Jul 17, 2007 | 22 | Aug 16, 2007 | 31 | Oct 1, 2007 | 53 |
| -3.95% | Jun 6, 2007 | 2 | Jun 7, 2007 | 6 | Jun 15, 2007 | 8 |
| -3.62% | Apr 26, 2007 | 11 | May 10, 2007 | 7 | May 21, 2007 | 18 |
Volatility
Volatility Chart
The current Guinness Atkinson Alternative Energy Fund volatility is 4.69%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.