PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan

Guinness Atkinson Alternative Energy Fund (GAAEX) Sharpe Ratio: 0.80

Mutual Fund · Currency in USD · Last updated Aug 1, 2026

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.

GAAEX's Sharpe Ratio of 0.80 indicates that for each unit of volatility, it generates 0.80 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

GAAEX Sharpe Ratio Rank

GAAEX Sharpe Ratio Rank: 21.522
Below Average

GAAEX ranks above 21.5% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating below-average returns relative to volatility. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Returns may not adequately compensate for volatility taken
  • Consider smaller allocation given below-average risk-adjusted profile
  • Explore higher-ranked investments with better consistency
  • Assess whether the volatility profile aligns with your portfolio goals

GAAEX Sharpe Ratio Market Positioning

The chart shows GAAEX's Sharpe Ratio relative to all mutual funds on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.93 or lower
  • Yellow zone (middle 50%): 0.93 to 1.81
  • Green zone (top 25%): 1.81 or higher
  • Top 1%: 3.73+
  • Median: 1.45 — half of all investments score higher

How it compares to other similar mutual funds

The table compares Guinness Atkinson Alternative Energy Fund's Sharpe Ratio with other mutual funds in the Global Equities, Alternative Energy Equities, Energy Equities category across multiple time periods, showing how GAAEX's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 1, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
LVAFXLSV Global Managed Volatility Fund3.40
FMIEXWasatch Global Value Fund Investor Class Shares3.35
RSNYXVictory Global Energy Transition Fund Class Y3.19
RSNRXVictory Global Energy Transition Fund3.17
VGPMXVanguard Global Capital Cycles Fund3.13
LVAGXLSV Global Value Fund3.10
EPSYXMainStay Epoch Global Equity Yield Fund2.98
PGVFXPolaris Global Value Fund2.97
JGYIXJohn Hancock Global Shareholder Yield Fund2.92
SGMAXSEI Institutional Investments Trust Global Managed Volatility Fund2.68
GAAEXGuinness Atkinson Alternative Energy Fund0.80
Benchmark

Compare this symbol against anything

Time Period

How much price history to include in the calculation

Historical Sharpe Ratio

The chart shows GAAEX's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when GAAEX consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

Loading charts...

Sharpe Ratio Calculator

How does GAAEX fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

Analyze Your Portfolio